晶华新材(603683) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥388,751,633.43, representing a year-on-year increase of 32.70%[5] - Net profit attributable to shareholders was ¥21,579,719.61, marking a significant growth of 161.08% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥21,050,467.17, reflecting a remarkable increase of 223.17% year-on-year[5] - Basic earnings per share were ¥0.094, up by 141.03% from the previous year[5] - Total operating revenue for Q1 2024 reached ¥388,751,633.43, a 32.6% increase from ¥292,949,553.85 in Q1 2023[21] - Net profit for Q1 2024 was ¥22,013,707.99, compared to ¥11,604,158.02 in Q1 2023, representing an increase of 89.5%[22] - Total comprehensive income for Q1 2024 reached CNY 22,034,671.76, compared to CNY 8,583,948.26 in Q1 2023, representing a significant increase[23] - Basic and diluted earnings per share for Q1 2024 were CNY 0.094, up from CNY 0.039 in Q1 2023, indicating a growth of 141%[23] - Operating profit for Q1 2024 increased significantly to CNY 5,729,304.56, compared to CNY 605,896.65 in Q1 2023, marking an increase of 846.0%[35] - Net profit for Q1 2024 was CNY 6,792,148.85, up from CNY 449,597.02 in Q1 2023, representing a growth of 1411.6%[35] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,253,668,899.55, an increase of 5.95% from the end of the previous year[6] - The company's total assets as of Q1 2024 amounted to ¥2,253,668,899.55, up from ¥2,127,041,019.00 in the previous year, indicating a growth of 5.9%[20] - Total liabilities increased to ¥954,991,528.33 in Q1 2024 from ¥838,303,052.78 in Q1 2023, marking a rise of 13.9%[19] - Total liabilities as of Q1 2024 were CNY 189,110,157.67, slightly down from CNY 189,987,129.52 in the previous quarter[32] - The total equity attributable to shareholders increased to ¥1,291,961,752.82 in Q1 2024 from ¥1,282,456,336.20 in Q1 2023, a growth of 0.6%[20] - The total equity of the company was CNY 1,338,666,059.56 in Q1 2024, a decrease from CNY 1,343,969,177.47 in the previous quarter[32] Cash Flow - The company reported a negative cash flow from operating activities of ¥-3,381,523.59, a decrease of ¥865,885.39 compared to the previous year, primarily due to increased material procurement and labor costs[9] - Cash inflow from operating activities totaled CNY 357,444,998.47 in Q1 2024, compared to CNY 290,753,706.26 in Q1 2023, reflecting an increase of 23%[27] - Net cash flow from operating activities was negative CNY 3,381,523.59 in Q1 2024, worsening from negative CNY 2,515,638.20 in Q1 2023[27] - Cash inflow from investment activities was CNY 96,026,960.70 in Q1 2024, compared to CNY 70,751,419.86 in Q1 2023, marking a rise of 36%[27] - Net cash flow from investment activities was negative CNY 21,633,607.80 in Q1 2024, compared to negative CNY 15,402,711.03 in Q1 2023[27] - Cash inflow from financing activities reached CNY 189,566,941.07 in Q1 2024, a substantial increase from CNY 18,471,798.86 in Q1 2023[28] - Net cash flow from financing activities improved to CNY 55,632,061.96 in Q1 2024, compared to negative CNY 35,004,414.80 in Q1 2023[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,253[11] - The top ten shareholders include Ningbo Huitong Private Fund Management Partnership with 12,939,400 shares and Shanghai Qianying Investment Management with 6,051,085 shares, indicating significant institutional investment[13] - The company has approved a share repurchase plan with a total fund of no less than RMB 16 million and no more than RMB 32 million, with a maximum repurchase price of RMB 13.52 per share[14] - The company has not disclosed any significant changes in the participation of major shareholders in margin financing and securities lending activities[13] - The company has not reported any related party transactions among the top shareholders, except for familial relationships among some of them[13] Operational Highlights - The gross margin for electronic adhesive materials and industrial adhesive materials improved, contributing to the increase in net profit[9] - The company experienced over 80% growth in revenue from electronic adhesive materials, driven by strong demand from downstream customers in consumer electronics and power batteries[9] - The company plans to continue investing in new product certifications to meet the needs of both new and existing customers[9] - The company plans to invest RMB 20,891.72 million in a new project to upgrade its electronic materials production capacity to 86 million square meters, utilizing RMB 17,139.71 million of the remaining funds from previous fundraising efforts[15] Inventory and Receivables - The company's accounts receivable stood at RMB 271,198,983.98, slightly up from RMB 270,810,601.31 at the end of 2023, indicating a marginal increase of 0.14%[17] - The company’s prepayments increased significantly to RMB 32,146,365.12 from RMB 15,686,079.45, showing an increase of approximately 104.4%[17] - The company’s accounts receivable financing rose to RMB 40,404,542.26 from RMB 27,893,280.47, marking an increase of about 45%[17] - The company’s inventory increased to ¥306,169,441.15 from ¥291,525,889.51, a rise of 5%[18]