百川股份(002455) - 2024 Q1 - 季度财报

Financial Performance - The company reported a revenue of CNY 1,178,260,156.42 for Q1 2024, representing a 52.24% increase compared to CNY 773,961,790.36 in the same period last year[5] - Net profit attributable to shareholders was CNY 35,811,766.47, a significant turnaround from a net loss of CNY 47,911,471.56 in Q1 2023, marking a 174.75% improvement[5] - Basic earnings per share improved to CNY 0.06 from a loss of CNY 0.08, indicating a 175.00% increase[5] - Total operating revenue for Q1 2024 reached ¥1,178,260,156.42, a significant increase of 52.1% compared to ¥773,961,790.36 in the same period last year[22] - Net profit for Q1 2024 was a loss of ¥5,098,654.87, an improvement from a loss of ¥54,254,719.33 in Q1 2023[23] - Total comprehensive income attributable to the parent company was CNY 35,812,630.51, a significant improvement from a loss of CNY -47,917,801.63 in the previous year[24] Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 95,084,160.10, compared to a negative cash flow of CNY 182,322,968.42 in the previous year, reflecting a 152.15% increase[5] - Operating cash flow for Q1 2024 was CNY 95,084,160.10, a turnaround from a negative cash flow of CNY -182,322,968.42 in Q1 2023[25] - Cash inflow from operating activities totaled CNY 859,409,827.76, compared to CNY 568,400,201.62 in Q1 2023, reflecting improved operational efficiency[25] - The company reported a net cash inflow from financing activities of CNY 480,761,623.17, compared to CNY 918,361,587.85 in the previous year[26] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 475,332,545.66, down from CNY 759,252,374.75 at the end of Q1 2023[26] Assets and Liabilities - The company’s total assets increased by 7.47% to CNY 12,296,222,782.83 from CNY 11,441,149,080.98 at the end of the previous year[5] - Total current assets increased to CNY 3,288,656,762.61 from CNY 2,492,240,240.27, marking a growth of around 32.0%[18] - Total liabilities increased to ¥9,916,373,470.95, up from ¥9,056,777,673.82 in the previous year[20] - The company's fixed assets rose to ¥5,444,160,277.24, an increase from ¥4,442,777,830.16 in Q1 2023[20] Research and Development - Research and development expenses rose by 42.62% to CNY 34,867,737.10, driven by increased investment in R&D[9] - Research and development expenses increased to ¥34,867,737.10, up 42.7% from ¥24,447,527.89 in Q1 2023[22] Production and Market Expansion - The company has completed the construction and commenced production of a project with an annual capacity of 15,000 tons of graphite anode materials, which is expected to enhance production scale and product variety[16] - The company has also initiated production for a project with an annual capacity of 20,000 tons of iron phosphate and 6,000 tons of lithium iron phosphate, contributing to its strategic expansion[16] - The company is focusing on expanding its production capabilities and enhancing market competitiveness through various new projects and technologies[16] - The company plans to further expand its market presence and stabilize operational profits in the future[10] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[23] Inventory and Receivables - Accounts receivable increased to CNY 391,435,526.35 from CNY 353,836,831.90, reflecting a growth of about 10.6%[18] - Inventory levels rose to CNY 1,316,264,501.42 from CNY 1,228,220,540.96, indicating an increase of approximately 7.1%[18] Strategic Decisions - The board decided not to lower the conversion price of "Bai Chuan Zuan 2" for the next three months, maintaining the current pricing strategy[15] - The company is actively pursuing strategic investments and project developments that align with its long-term growth objectives[16]