菲达环保(600526) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 599,151,323.70, representing a decrease of 4.19% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 37,931,509.91, an increase of 24.06% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 29,767,639.25, reflecting a significant increase of 56.40%[5] - Total operating revenue for Q1 2024 was ¥599,151,323.70, a decrease of 4.3% compared to ¥625,355,994.51 in Q1 2023[19] - Net profit for Q1 2024 increased to ¥42,611,990.77, up 29.2% from ¥32,992,298.14 in Q1 2023[21] - Operating profit for Q1 2024 was ¥61,589,676.44, an increase of 24.0% compared to ¥49,678,095.98 in Q1 2023[20] Cash Flow - The net cash flow from operating activities decreased by 31.47% to CNY 22,993,180.59[5] - Cash flow from operating activities for Q1 2024 was ¥22,993,180.59, down 31.6% from ¥33,551,288.37 in Q1 2023[24] - The net cash flow from operating activities for Q1 2024 was -$73.94 million, compared to -$61.48 million in Q1 2023, indicating a decline in operational cash flow[35] - Total cash inflow from operating activities was $457.47 million, down from $643.28 million year-over-year, reflecting a decrease of approximately 29%[35] - Cash outflow from operating activities totaled $531.41 million, a decrease from $704.77 million in the previous year, showing a reduction of about 24%[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,232,858,300.78, down 2.92% from the end of the previous year[6] - The company's current assets totaled CNY 6,531,953,070.17, down from CNY 6,694,210,866.29, indicating a decrease of about 2.43%[15] - The company's total liabilities decreased to CNY 5,856,755,425.08 from CNY 6,183,313,922.34, a reduction of approximately 5.27%[17] - The total current liabilities decreased from CNY 4,073,436,618.75 in December 2023 to CNY 3,879,000,751.41 in March 2024, a decline of approximately 4.77%[29] Equity - The equity attributable to shareholders increased slightly by 0.34% to CNY 4,128,999,712.94[6] - The total equity attributable to shareholders increased to CNY 4,128,999,712.94 from CNY 4,114,932,697.71, reflecting a growth of about 0.34%[17] - The total equity decreased from CNY 4,049,970,725.62 in December 2023 to CNY 4,032,316,854.36 in March 2024, a decline of about 0.44%[29] Inventory and Receivables - The company's inventory rose to CNY 835,013,353.67 from CNY 772,661,029.67, indicating an increase of approximately 8.09%[15] - Accounts receivable slightly rose to CNY 1,963,023,901.43 from CNY 1,958,119,404.53, showing a marginal increase of about 0.25%[15] - The company reported a significant decrease in accounts receivable financing by 61.35% due to prioritizing the use of bank acceptance bills for payment[8] - The company reported a decrease in long-term receivables to CNY 487,310,117.16 from CNY 586,914,093.27, a decline of about 17.00%[16] Financial Management - Financial expenses decreased by 76.79% as a result of improved capital management and reduced interest expenses[8] - The company's financial expenses decreased significantly from CNY 8,619,530.42 in Q1 2023 to CNY 557,966.09 in Q1 2024, a reduction of approximately 93.53%[30] Operational Efficiency - The company plans to enhance operational efficiency and reduce costs, contributing to the increase in operating profit[9] - Research and development expenses for Q1 2024 were ¥13,573,310.07, an increase of 9.2% from ¥12,427,621.43 in Q1 2023[20] - Research and development expenses for Q1 2024 were CNY 8,241,054.12, down from CNY 9,661,714.96 in Q1 2023, indicating a decrease of about 14.69%[30] Investment Activities - Investment activities generated a net cash inflow of ¥77,529,639.54 in Q1 2024, compared to a net outflow of ¥43,385,935.38 in Q1 2023[24] - The company reported a significant increase in investment income, rising to CNY 1,505,655.19 in Q1 2024 from a loss of CNY 11,876,677.10 in Q1 2023[30] Financing Activities - Financing activities resulted in a net cash outflow of ¥5,505,312.00 in Q1 2024, an improvement from a net outflow of ¥94,257,787.55 in Q1 2023[25] - The company received $96.00 million in borrowings during the quarter, compared to $50.00 million in the previous year, indicating a 92% increase in financing through loans[35]