精工科技(002006) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥545,584,174.65, representing a year-on-year increase of 43.82% compared to ¥379,348,791.31 in the same period last year[5] - Net profit attributable to shareholders was ¥58,196,361.57, up 21.52% from ¥47,892,290.60 in the previous year[5] - Basic earnings per share increased by 18.18% to ¥0.13 from ¥0.11 in the previous year[5] - The company reported a net profit excluding non-recurring gains and losses of ¥57,398,226.07, which is a 24.61% increase from ¥46,061,744.92 in the previous year[5] - The total comprehensive income for the first quarter of 2024 was CNY 58,238,580.88, an increase of 17.5% compared to CNY 49,366,135.21 in the same period last year[41] Cash Flow and Financial Position - The net cash flow from operating activities decreased by 101.74%, amounting to -¥85,139,820.87, compared to -¥42,203,580.45 in the same period last year[5] - Cash inflow from operating activities totaled CNY 316,121,427.31, down 17.2% from CNY 381,627,460.18 in the prior year[42] - Cash outflow from operating activities was CNY 401,261,248.18, a decrease of 5.3% compared to CNY 423,831,040.63 last year[42] - Cash flow from investing activities was negative CNY 3,489,922.44, a decline from a positive CNY 23,184,298.33 in the previous year[42] - The ending balance of cash and cash equivalents was CNY 384,113,792.77, a decrease from CNY 412,398,736.53 at the end of the previous year[42] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,757,252,478.18, an increase of 11.29% from ¥2,477,592,988.93 at the end of the previous year[5] - Current liabilities rose to CNY 1,349,761,238.72, an increase of 19.2% from CNY 1,132,778,337.82 in the previous year[37] - The total liabilities increased to CNY 1,376,838,405.50, up from CNY 1,155,386,547.48, marking a growth of 19.2%[37] - The equity attributable to shareholders of the parent company rose to CNY 1,371,910,366.37, an increase of 4.4% from CNY 1,313,744,954.45[37] Operational Highlights - The company's prepayments increased by 90.41% compared to the beginning of the year, indicating higher procurement needs based on order delivery requirements[9] - The accounts payable increased by 45.19% compared to the beginning of the year, reflecting an increase in procurement and bill settlements[10] - Research and development expenses for Q1 2024 were CNY 24,777,222.13, up 38.4% from CNY 17,895,882.41 in Q1 2023, indicating a focus on innovation[38] Contracts and Revenue Recognition - The company has completed the delivery of two carbon fiber production lines under a contract worth RMB 330 million, with total revenue recognized from this contract amounting to RMB 292.03 million[22] - The total contract amount with Jilin Guoxing Carbon Fiber Co., Ltd. for the carbonization line purchase agreement is 650 million yuan (including tax), with 45.41 million yuan received to date and 575.22 million yuan recognized as revenue[24] - The total contract amount with Jilin Chemical Fiber Co., Ltd. is 680 million yuan (including tax), with 575 million yuan received and 601.77 million yuan recognized as revenue from 2022 to 2023[26] - The contract amount for the project with Zhejiang Baojing Carbon Materials Co., Ltd. is 16.78 million yuan (including tax), with 8.23 million yuan received and 148.50 million yuan recognized as revenue in 2023[28] - The contract amount with Jilin Guoxing Carbon Fiber Co., Ltd. signed on September 26, 2023, is 1.15 billion yuan (including tax), with 170 million yuan received and 134.52 million yuan recognized as revenue in 2023[30] - The contract amount with Donghua Energy (Maoming) Carbon Fiber Co., Ltd. is 550 million yuan (including tax), with 42.30 million yuan received and the contract currently in progress[31] - The contract for the green recycled material project with Zhejiang Jianxin Jiaren New Materials Co., Ltd. is estimated at 320 million yuan (including tax), with 96 million yuan received and 6.64 million yuan recognized as revenue in Q1 2024[32] Shareholder and Financing Activities - The controlling shareholder pledged 10.918 million shares, accounting for 79.98% of their holdings and 23.99% of the company's total shares[17] - The company plans to issue up to 136,548,000 shares to specific investors, aiming to raise a total of up to RMB 194,997.37 million for projects related to carbon fiber and working capital[18] - The company received government subsidies amounting to ¥456,500.00, which are closely related to its normal business operations[7] Miscellaneous - The weighted average return on equity rose to 4.78%, up from 3.48% in the previous year[5] - The company reported a financial asset impairment loss of CNY 1,522,767.92, a decrease from CNY 7,572,443.13 in the previous year, showing improved asset management[40] - The first quarter report was not audited[43]