天际股份(002759) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was approximately ¥445.42 million, a slight increase of 0.28% compared to ¥444.17 million in the same period last year[5]. - The net loss attributable to shareholders was ¥95.73 million, a significant decline of 1,055.76% from a net profit of ¥10.02 million in Q1 2023[5]. - The net profit for Q1 2024 was -139,611,815.99 CNY, compared to a net profit of 26,579,381.02 CNY in the same period last year, indicating a significant decline[30]. - Operating profit for Q1 2024 was -138,770,446.96 CNY, compared to an operating profit of 31,456,272.27 CNY in Q1 2023, reflecting a substantial decrease[30]. - Total comprehensive income for Q1 2024 was -139,611,815.99 CNY, compared to 26,579,381.02 CNY in Q1 2023, highlighting a drastic drop[31]. - The basic and diluted earnings per share for Q1 2024 were both -0.19 CNY, compared to 0.02 CNY in Q1 2023, indicating a negative performance[31]. Cash Flow and Liquidity - The operating cash flow for the quarter was a negative ¥372.69 million, representing a decrease of 58.02% compared to a negative ¥235.85 million in the previous year[5]. - Net cash flow from operating activities decreased by 58.02% to -¥372,694,458.90 primarily due to reduced sales receipts and the payment of raw material procurement costs[17]. - Cash flow from operating activities showed a net outflow of -372,694,458.90 CNY, worsening from -235,847,398.34 CNY in the previous year[32]. - Cash flow from investing activities resulted in a net outflow of -456,008,140.36 CNY, compared to -41,049,752.03 CNY in the same period last year[33]. - Cash flow from financing activities generated a net inflow of 293,099,842.67 CNY, down from 491,926,333.00 CNY in Q1 2023[33]. - The company experienced a decrease in cash inflow from sales of goods and services, totaling 390,928,050.51 CNY, compared to 503,901,618.65 CNY in the previous year[32]. Assets and Liabilities - Total assets decreased by 5.21% to approximately ¥7.34 billion compared to the end of the previous year[5]. - The company reported a decrease in cash and cash equivalents, with the ending balance at CNY 1,181,550,664.77, down from CNY 1,918,869,554.19[25]. - Current liabilities decreased to CNY 1,907,071,694.60 from CNY 2,214,660,982.39, indicating improved liquidity management[26]. - The company's total equity decreased to CNY 5,062,085,483.76 from CNY 5,148,212,358.18, reflecting changes in retained earnings and treasury stock[27]. - The company’s inventory decreased to CNY 340,200,530.15 from CNY 384,760,162.68, suggesting improved inventory management[25]. Operational Highlights - The sales volume of lithium hexafluorophosphate reached 6,045 tons, marking a year-on-year increase of 131% and a quarter-on-quarter increase of 52%[9]. - The average selling price of lithium hexafluorophosphate dropped by 63.9% year-on-year and 28.0% quarter-on-quarter, contributing to the operational losses[10]. - The company plans to commence trial production of a new 30,000 tons/year lithium hexafluorophosphate project in Q3 2024, which is expected to enhance production capacity and market share[11]. - The company is also working on a 6,000 tons/year lithium fluoride project to mitigate raw material price fluctuations and improve operational efficiency[11]. - The company plans to commence trial production of the 15,000-ton lithium hexafluorophosphate project in Q3 2024[21]. - The company is on track to produce 6,000 tons of high-purity lithium fluoride by Q3 2024[21]. Cost Management - The company is implementing cost control measures to address the decline in performance and improve profitability across its business segments[12]. - Management expenses increased by 38.33% to ¥39,459,981.87 due to the addition of phosphoric chemical business management costs[15]. - Total operating costs increased significantly to CNY 560,026,070.20 from CNY 432,847,685.28, with operating costs rising from CNY 376,421,697.23 to CNY 486,447,469.17[28]. - Research and development expenses rose to CNY 23,625,501.70, compared to CNY 17,401,696.15 in the previous period, indicating a focus on innovation[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,877[19]. - The largest shareholder, Shantou Tianji Co., Ltd., holds 15.02% of the shares, amounting to 75,789,180 shares[19]. - The company repurchased 4,534,687 shares, accounting for 0.90% of the total share capital[20].