合兴包装(002228) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥2,735,156,301.84, a decrease of 8.11% compared to ¥2,976,710,671.57 in the same period last year[5] - Net profit attributable to shareholders increased by 4.72% to ¥33,569,936.89 from ¥32,056,138.65 year-on-year[5] - Net profit for Q1 2024 was CNY 27,936,357.36, a decline of 8.8% from CNY 30,701,625.60 in Q1 2023[22] - The company reported a 15.65% increase in net profit after deducting non-recurring gains and losses, reaching ¥33,728,292.13 compared to ¥29,163,608.74 last year[5] - Total operating revenue for Q1 2024 was CNY 2,735,156,301.84, a decrease of 8.1% compared to CNY 2,976,710,671.57 in Q1 2023[21] - Total operating costs for Q1 2024 were CNY 2,708,914,639.99, down 8.2% from CNY 2,951,801,752.63 in the same period last year[21] Cash Flow - The net cash flow from operating activities surged by 120.02% to ¥212,650,037.31, up from ¥96,649,824.24 in the previous year[5] - Cash flow from operating activities was CNY 2,561,846,302.88, a decrease of 12.9% compared to CNY 2,940,173,849.72 in Q1 2023[25] - Total cash inflow from operating activities was ¥2,610,254,864.40, while cash outflow was ¥2,397,604,827.09, resulting in a net inflow of ¥212,650,037.31[26] - Cash flow from investing activities showed a net outflow of ¥49,631,740.80, compared to a net outflow of ¥46,368,216.68 in the same period last year[26] - Cash inflow from financing activities was ¥228,780,474.28, while cash outflow totaled ¥330,968,435.53, leading to a net cash flow of -¥102,187,961.25[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,151,863,006.79, a decrease of 0.84% from ¥8,220,504,262.13 at the end of the previous year[6] - The company's total liabilities decreased to CNY 4,682,226,147.49 in Q1 2024 from CNY 4,703,685,369.63 in Q1 2023, reflecting a reduction of 0.5%[19] - The total equity attributable to shareholders of the parent company was CNY 3,261,061,035.00, down from CNY 3,299,992,567.06, indicating a decrease of 1.2%[19] - The company's total current liabilities stood at RMB 4,859,494,270.07, slightly down from RMB 4,893,114,362.25[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,712[13] - The company reported a total of 69,599,995 shares held in the repurchase special account, accounting for 5.62% of the total shares[15] - The company has a total of 10 major shareholders, with significant holdings from Xinjiang Xinghui Equity Investment Management Partnership and Hongli Investment Co., Ltd.[15] Other Income and Expenses - Other income increased by 134.91% due to a rise in VAT deductions during the reporting period[9] - Investment income doubled, increasing by 100.00% as a result of dividends received from other equity investments[10] - The company experienced a significant increase in credit impairment losses, which rose by 1,134.62% due to higher provisions for bad debts[10] - Research and development expenses for Q1 2024 were CNY 70,308,976.86, slightly up from CNY 68,557,816.30 in Q1 2023, reflecting a growth of 2.6%[21] - The company reported a decrease in other comprehensive income, with a net amount of CNY -14,879,598.26 in Q1 2024 compared to CNY 806,383.87 in Q1 2023[23] Cash and Equivalents - Cash and cash equivalents increased to RMB 705,898,241.64 from RMB 606,498,839.38, reflecting a growth of approximately 16.5%[16] - The ending balance of cash and cash equivalents was ¥398,046,508.41, down from ¥431,370,529.89 at the end of Q1 2023[27] - The company paid ¥306,268,873.68 to employees, slightly up from ¥302,340,157.50 in the previous year[26] - The total cash outflow for taxes was ¥73,276,891.51, a decrease from ¥129,757,239.74 in Q1 2023, indicating a reduction of approximately 43.5%[26]