DHCT(600844)2024-04-29 08:51Financial Performance - The company's operating revenue for Q1 2024 was CNY 201,621,728.50, representing a decrease of 13.66% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of CNY 50,274,436.85, with a basic and diluted earnings per share of -0.0495 yuan[5]. - The company experienced operational losses during the quarter, despite a rise in ethylene glycol prices, with product prices remaining low[12]. - Net loss for Q1 2024 was CNY 63,563,618.73, compared to a net loss of CNY 52,906,234.33 in Q1 2023, representing an increase in loss of 20.5%[20]. - The company reported a comprehensive loss of CNY 66,848,844.36 for Q1 2024, compared to a comprehensive loss of CNY 52,807,403.69 in Q1 2023[20]. - Gross profit margin for Q1 2024 was approximately -31.0%, compared to -22.4% in Q1 2023[19]. Cash Flow - The net cash flow from operating activities was -CNY 48,658,633.20, a significant decrease of 246.70% year-on-year[5]. - In Q1 2024, the company's cash inflow from operating activities was $281,117,503.20, a decrease of 10.2% compared to $313,044,406.84 in Q1 2023[22]. - The net cash flow from operating activities was -$48,658,633.20, compared to -$14,034,962.86 in the same period last year, indicating a significant decline[22]. - The total cash outflow from operating activities was $329,776,136.40, slightly up from $327,079,369.70 in the same quarter last year[22]. - Cash inflow from financing activities totaled $180,000,000.00, an increase of 89.5% compared to $95,000,000.00 in Q1 2023[23]. - The net cash flow from financing activities was $109,188,207.20, significantly higher than $47,612,184.52 in the previous year[23]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 1,503,449,842.16, an increase of 2.64% from the end of the previous year[6]. - The total liabilities as of Q1 2024 amounted to CNY 790,658,133.61, an increase from CNY 685,498,080.60 in the previous year[19]. - Shareholders' equity attributable to the listed company decreased by 9.86% to CNY 486,940,319.24 compared to the end of the previous year[6]. - Current assets totaled RMB 227,065,303.43, compared to RMB 135,979,817.36 in the previous period[15]. - The company's cash and cash equivalents increased to RMB 86,256,980.37 from RMB 25,123,643.42[14]. - The company's cash and cash equivalents at the end of Q1 2024 amounted to $82,429,439.37, up from $78,610,352.44 at the end of Q1 2023[23]. Investments and Expenses - The company reported a significant increase in financial expenses by 159.97% due to higher interest costs[8]. - Research and development expenses for Q1 2024 were CNY 7,685,746.94, a decrease of 17.0% from CNY 9,247,881.18 in Q1 2023[19]. - Financial expenses for Q1 2024 were CNY 6,479,572.98, significantly higher than CNY 2,492,443.29 in Q1 2023, indicating an increase of 160.5%[19]. - The company experienced a 220.00% increase in investment losses during the reporting period[8]. - The company’s long-term equity investments decreased to RMB 6,858,254.38 from RMB 7,236,413.76[15]. Shareholder Information - The company reported a total of 56,962 common shares outstanding at the end of the reporting period[10]. - The largest shareholder, Danyang Jinrui Hongji Enterprise Management Co., Ltd., holds 152,500,000 shares, representing 15.00% of total shares[11]. - The company’s controlling shareholder changed to Danyang Jinrui Hongji Enterprise Management Co., Ltd. after the transfer of 15% of shares[12].