贝特瑞(835185) - 2024 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 47.84% to ¥3.53 billion in Q1 2024, down from ¥6.76 billion in Q1 2023[4] - Net profit attributable to shareholders decreased by 25.52% to ¥218.42 million in Q1 2024, compared to ¥293.26 million in Q1 2023[4] - Net cash flow from operating activities decreased by 45.81% to ¥1.03 billion in Q1 2024, down from ¥1.90 billion in Q1 2023[4] - Total operating revenue for Q1 2024 was CNY 3,528,385,983.84, a decrease of 47.9% compared to CNY 6,764,984,125.27 in Q1 2023[34] - The company's net profit for the current period is 221,468,178.75, a decrease from 331,196,214.99 in the previous period, representing a decline of approximately 33.1%[35] - Total profit for the current period is 259,035,673.78, compared to 420,410,339.69 in the previous period, reflecting a decline of approximately 38.3%[35] - Basic earnings per share for the current period is 0.20, down from 0.27 in the previous period, a decrease of about 25.9%[36] - The company reported a foreign exchange loss of 70,601,190.80 in the current period, compared to a loss of 20,466,097.50 in the previous period, indicating a significant increase in losses[37] Assets and Liabilities - Total assets increased by 6.95% to ¥31.43 billion as of March 31, 2024, compared to ¥29.38 billion at the end of 2023[4] - The company's debt-to-asset ratio (consolidated) was 54.80%, up from 53.21% at the end of 2023[4] - Total liabilities as of March 31, 2024, were CNY 10,553,972,586.58, compared to CNY 9,646,180,179.13 at the end of 2023, indicating an increase of 9.4%[33] - The total current liabilities stood at RMB 11,101.47 million as of March 31, 2024, slightly decreasing from RMB 11,199.12 million at the end of 2023, a decline of about 0.9%[29] - The total non-current liabilities amounted to CNY 2,431,646,137.20 as of March 31, 2024, compared to CNY 1,668,743,369.85 at the end of 2023, indicating a significant increase of 45.7%[33] Cash Flow - The company's cash and cash equivalents increased by 34.73% to ¥6.40 billion, primarily due to funds raised through loans for project construction[5] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 5,848,808,129.99, up from CNY 4,959,227,575.57 at the end of Q1 2023[40] - Net cash flow from financing activities for Q1 2024 was CNY 2,125,609,329.59, a substantial increase from CNY 58,328,541.28 in Q1 2023[40] - Operating cash inflow for Q1 2024 was CNY 3,885,747,292.04, a decrease of 43.5% compared to CNY 6,883,186,177.79 in Q1 2023[39] Shareholder Information - Total outstanding shares increased from 1,104,852,712 to 1,116,675,337, reflecting a change of 11,822,625 shares[10] - The largest shareholder, China Baoan Group Holdings Co., Ltd., holds 479,702,390 shares, representing 42.96% of total shares[11] - The second largest shareholder, China Baoan Group Co., Ltd., holds 266,889,511 shares, accounting for 23.90%[11] - The company has implemented a second phase of its equity incentive plan, with stock options registered on February 7, 2024[10] Legal Matters - The company has engaged in litigation and arbitration matters during the reporting period[14] - The company is involved in ongoing litigation against Shenzhen Watma for unpaid debts totaling 11.7071 million yuan, with a court ruling in favor of the company[24] - The company is also pursuing a claim against Henan Guoneng for unpaid debts, with a court ruling ordering payment of 10.8 million yuan[25] - The company has ongoing legal disputes, including a case against Santon New Energy for RMB 1,476.58 million, with a court ruling in favor of the company[27] Guarantees - The total guarantee amount for Huizhou Bettery is 250 million CNY, with a current balance of 115.85 million CNY[15] - Jiangsu New Energy has a guarantee amount of 460 million CNY, with a current balance of 174.07 million CNY[15] - The guarantee period for the majority of the guarantees extends until 2028, indicating long-term commitments[15] - The guarantees are primarily associated with related parties, reflecting interconnected business relationships[15] Research and Development - Research and development expenses decreased by 31.23% to ¥177.36 million, attributed to lower material costs[6] - The company's net profit margin for Q1 2024 was impacted by a significant increase in research and development expenses, which amounted to CNY 177,359,057.74, compared to CNY 257,905,651.53 in Q1 2023, a decrease of 31.2%[34]