时代新材(600458) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 4,205,183,853.78, representing a year-on-year increase of 4.76%[5] - The net profit attributable to shareholders for the same period was CNY 119,980,933.26, reflecting a growth of 10.73% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 30.25% to CNY 111,143,523.57[5] - The basic earnings per share for Q1 2024 was CNY 0.15, which is a 15.38% increase year-on-year[5] - Total revenue for Q1 2024 reached ¥4,205,183,853.78, an increase of 4.75% compared to ¥4,014,133,557.96 in Q1 2023[18] - Net profit for Q1 2024 was ¥130,798,155.64, representing a significant increase of 52.73% from ¥85,626,301.66 in Q1 2023[19] - The net profit attributable to the parent company shareholders for Q1 2024 was ¥119,980,933.26, an increase from ¥108,351,036.93 in Q1 2023, representing a growth of approximately 15.1%[20] - The total comprehensive income for Q1 2024 was ¥110,404,665.32, compared to ¥107,092,070.61 in Q1 2023, indicating a slight increase of about 3.1%[20] Assets and Liabilities - The total assets at the end of the reporting period were CNY 18,597,309,666.12, up 2.01% from the end of the previous year[6] - Total assets increased to ¥18,597,309,666.12, compared to ¥18,230,008,623.43, marking a growth of 2.01%[16] - Total liabilities rose to ¥11,949,320,790.98, an increase from ¥11,703,077,359.88, reflecting a growth of 2.11%[16] - The total liabilities increased to CNY 8,165,439,424.76 in Q1 2024, compared to CNY 7,942,471,763.65 in Q1 2023, reflecting a growth of 2.8%[26] - The company's total equity increased to ¥6,647,988,875.14 from ¥6,526,931,263.55, a rise of 1.85%[16] - The company's total equity rose to CNY 5,746,810,101.57 in Q1 2024, up from CNY 5,624,952,374.84 in Q1 2023, indicating an increase of 2.2%[27] Cash Flow - The company's cash flow from operating activities was negative at CNY -907,427,294.07, indicating a significant cash outflow[5] - The net cash flow from operating activities for Q1 2024 was -¥907,427,294.07, worsening from -¥669,755,212.16 in Q1 2023[22] - Cash received from sales of goods and services in Q1 2024 was CNY 898,543,130.00, a significant decrease from CNY 2,022,919,482.98 in Q1 2023[30] - The total cash and cash equivalents at the end of Q1 2024 stood at $667,799,971.29, down from $855,141,282.50 at the end of Q1 2023[31] - Cash inflow from operating activities was $952,142,156.18, down from $2,083,803,092.38 in Q1 2023, indicating a significant drop in operational revenue[31] Expenses - Management expenses increased by 37.71%, mainly due to higher employee compensation and related costs compared to the same period last year[8] - Total operating costs for Q1 2024 were ¥4,042,764,063.44, up from ¥3,908,893,818.17 in Q1 2023, reflecting a year-over-year increase of 3.42%[19] - The company reported R&D expenses of ¥200,899,699.96 for Q1 2024, compared to ¥174,996,112.34 in Q1 2023, indicating a year-over-year increase of 14.81%[19] - Research and development expenses for Q1 2024 were CNY 86,835,749.67, which is a 27.2% increase from CNY 68,339,842.48 in Q1 2023[27] - The company's financial expenses for Q1 2024 were CNY 11,842,976.29, up from CNY 9,570,644.76 in Q1 2023, marking a rise of 23.7%[27] Receivables and Inventory - Accounts receivable increased by 40.22%, primarily due to amounts not yet collected at the end of the reporting period[8] - Accounts receivable increased to ¥5,687,125,692.34, up 40.29% from ¥4,055,895,642.08[14] - Inventory decreased to ¥2,285,933,281.43, down 12.00% from ¥2,596,097,872.40[14] - The company reported a decrease in inventory from ¥1,231,238,402.09 at the end of 2023 to ¥806,550,693.80 at the end of Q1 2024, a reduction of about 34.4%[25] Borrowings and Financing - Short-term borrowings rose by 66.26%, attributed to new bank loans taken during the reporting period[8] - The company's short-term borrowings increased to CNY 880,731,694.45 in Q1 2024 from CNY 400,284,166.67 in Q1 2023, showing a growth of 119.9%[26] - The cash inflow from financing activities for Q1 2024 was ¥480,000,000.00, significantly higher than ¥200,000,000.00 in Q1 2023, marking a 140% increase[23] - Total cash inflow from financing activities reached $1,308,203,131.16, significantly higher than $200,000,000.00 in the previous year, driven by increased borrowings[31] Foreign Exchange and Other Impacts - The company experienced a foreign exchange loss of -¥20,306,848.80 in Q1 2024, compared to -¥2,195,626.04 in Q1 2023, reflecting a significant increase in losses due to currency fluctuations[23] - The impact of exchange rate fluctuations on cash and cash equivalents was $1,046,817.71, compared to -$1,395,275.48 in Q1 2023, indicating a positive effect this quarter[31]