振华股份(603067) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥947,844,349.45, representing an increase of 11.51% compared to the same period last year[5] - The net profit attributable to shareholders decreased by 16.13% to ¥85,512,448.06[5] - The basic earnings per share (EPS) was ¥0.17, reflecting a decrease of 15.00%[5] - Total operating revenue for Q1 2024 reached ¥947,844,349.45, an increase of 11.5% compared to ¥849,988,097.42 in Q1 2023[18] - Total operating costs for Q1 2024 were ¥841,632,178.16, up 15.7% from ¥727,103,843.43 in Q1 2023[18] - Operating profit for Q1 2024 was ¥103,662,137.04, a decrease of 12.3% from ¥118,242,136.65 in Q1 2023[18] - Net profit for Q1 2024 was ¥100,853,879.00, down 12.0% from ¥114,534,210.93 in Q1 2023[18] - Net profit for Q1 2024 was ¥85,901,681.69, a decrease of 13.5% compared to ¥99,404,376.82 in Q1 2023[20] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥4,378,698,275.52, an increase of 3.05% from the end of the previous year[6] - Non-current assets totaled ¥2,478,550,681.15 as of March 31, 2024, compared to ¥2,453,823,716.87 at the end of 2023, reflecting a growth of 1.0%[16] - Total assets increased to ¥4,378,698,275.52 as of March 31, 2024, from ¥4,249,266,472.38 at the end of 2023, marking a rise of 3.0%[16] - Total liabilities amounted to ¥1,453,123,542.18, an increase of 5.2% from ¥1,381,261,684.29 at the end of 2023[16] - The total liabilities increased to ¥1,261,118,207.59 in Q1 2024, compared to ¥1,192,792,511.82 in Q4 2023, marking a rise of 5.7%[27] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥57,323,175.81, indicating a significant cash flow challenge[5] - Operating cash flow for Q1 2024 was negative at -¥57,323,175.81, compared to a positive cash flow of ¥39,514,062.12 in Q1 2023[22] - The company's cash and cash equivalents decreased from RMB 267,512,840.44 to RMB 182,617,713.36, a decline of approximately 31.7%[14] - The net cash flow from operating activities decreased by 239.65%, primarily due to increased cash payments for goods purchased[8] - The net cash flow from operating activities was negative at CNY -7,087,709.20, a significant decline from CNY 38,520,605.92 in the same period last year[31] - The cash outflow from investing activities was CNY 24,111,758.31, a decrease of 80.7% compared to CNY 124,631,270.04 in Q1 2023[31] Shareholder Information - The total number of common shareholders at the end of the reporting period was 29,192[10] - The top shareholder, Cai Zaihua, holds 37.16% of the shares, totaling 189,153,619 shares[10] Research and Development - Research and development expenses increased by 32.08%, highlighting a commitment to innovation[8] - The company reported a research and development expense of ¥28,554,697.24 in Q1 2024, which is a 32.2% increase from ¥21,619,303.74 in Q1 2023[18] - Research and development expenses for Q1 2024 were ¥13,202,058.29, slightly down from ¥13,899,689.05 in Q1 2023, indicating a focus on cost management[28] Market and Production - The shipment volume of chromium oxide increased by approximately 11% year-on-year and 7% quarter-on-quarter, reaching a historical high[12] - The cumulative shipment volume of alloy additives reached 3,700 tons during the reporting period, indicating the beginning of scale benefits[12] - The company has successfully entered the mass production phase for its alloy additive product line, including metallic chromium and chromium corundum[12] - The market expansion for metallic chromium products has shown a good start, contributing positively to the company's vertical integration strategy[12] Financial Ratios - The weighted average return on equity (ROE) decreased to 3.00%, down by 0.97 percentage points[5] - The company's financial expenses increased to ¥4,420,195.62 in Q1 2024 from ¥2,224,292.19 in Q1 2023, highlighting rising interest costs[28] Future Outlook - The company plans to continue focusing on market expansion and new product development as part of its growth strategy[18]