DDN(002263)2024-04-29 09:58Financial Performance - The company's operating revenue for Q1 2024 was ¥311,273,795.28, a decrease of 3.65% compared to ¥323,056,800.61 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥8,917,189.28, representing a decline of 226.83% from a profit of ¥7,030,831.16 in the previous year[4] - The basic earnings per share were -¥0.0047, a decrease of 227.03% compared to ¥0.0037 in the same period last year[4] - The company reported a 368.41% decline in net profit after deducting non-recurring gains and losses, resulting in a loss of ¥11,106,154.05 compared to a profit of ¥4,137,800.75 last year[4] - The net profit for the current period is a loss of ¥8,917,189.28, compared to a profit of ¥7,030,831.16 in the previous period, representing a significant decline[37] - The company reported a basic and diluted earnings per share of -0.0047, compared to 0.0037 in the previous period, indicating a negative shift in profitability[37] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 97.67%, down to ¥523,115.26 from ¥22,493,173.80 year-on-year[4] - Operating cash flow for the current period is ¥523,115.26, down from ¥22,493,173.80 in the previous period, indicating a decrease in cash generation from operations[38] - Cash and cash equivalents at the end of the period stand at ¥758,505,746.55, down from ¥1,162,138,354.60 at the end of the previous period[39] - The net cash flow from financing activities is ¥38,000,741.37, a decrease from ¥122,126,760.58 in the previous period, indicating reduced financing activity[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,143,400,987.73, an increase of 1.53% from ¥3,096,080,768.78 at the end of the previous year[4] - The total liabilities of the company increased to RMB 415,584,140.56 from RMB 359,346,732.33, which is an increase of approximately 15.65%[34] - The company's total equity attributable to shareholders decreased to RMB 2,727,816,847.17 from RMB 2,736,734,036.45, reflecting a decline of about 0.33%[35] - The company's short-term borrowings increased by 53.09% to reflect the additional working capital loans taken during the period[9] - Short-term borrowings rose significantly to RMB 222,431,115.04 from RMB 145,298,499.12, marking an increase of about 52.94%[34] Operational Performance - Total operating costs increased to ¥319,836,804.86, up 4.0% from ¥307,520,860.25 in the previous period[36] - The company’s net profit for the period was significantly impacted by a decrease in the gross margin of optical films due to market conditions[25] - The company generated ¥300,314,785.83 in cash from sales, an increase from ¥269,780,740.33 in the previous period, showing improved sales performance[38] Other Financial Metrics - The company experienced a 71.99% increase in taxes and surcharges, primarily due to an increase in land use tax compared to the previous year[17] - The company’s other receivables increased by 790.69%, mainly due to accrued interest income being recorded under this category[8] - Accounts receivable increased to RMB 126,673,130.68 from RMB 98,741,848.50, showing a growth of approximately 28.31%[33] - Inventory slightly increased to RMB 306,656,813.54 from RMB 305,519,800.92, indicating a marginal growth of about 0.37%[33] - Research and development expenses increased to ¥15,391,887.53, up from ¥13,285,226.43 in the previous period, reflecting a focus on innovation[36] - The company incurred a credit impairment loss of ¥-1,191,371.11, an improvement from ¥-2,254,198.83 in the previous period, suggesting better credit management[36] Future Plans - The company applied for a credit limit of up to RMB 1.2 billion to support business expansion in 2024[31] - The company plans to use up to RMB 700 million of its own funds to purchase safe and liquid financial products, although no such purchases were made during the reporting period[31]