康达新材(002669) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥535,607,900.26, a decrease of 15.11% compared to ¥630,942,962.19 in the same period last year[4] - The net profit attributable to shareholders was -¥24,793,535.64, representing a decline of 66.99% from -¥14,847,352.02 year-over-year[4] - Total operating revenue for Q1 2024 was CNY 535.61 million, a decrease of 15.08% compared to CNY 630.94 million in Q1 2023[22] - Net loss for Q1 2024 was CNY 29.77 million, compared to a net loss of CNY 23.16 million in Q1 2023, reflecting a worsening of 28.56%[23] - The net profit attributable to the parent company for Q1 2024 was -24,793,535.64 CNY, compared to -14,847,352.02 CNY in Q1 2023, representing a decline of approximately 67.5% year-over-year[24] - The total comprehensive income attributable to the parent company was -24,793,248.99 CNY in Q1 2024, compared to -14,687,019.38 CNY in the same period last year, indicating a decrease of about 68.5%[24] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥73,400,210.80, a significant increase of 175.02% compared to -¥97,845,264.99 in the previous year[4] - Operating cash inflow for Q1 2024 was 704,661,637.36 CNY, down from 811,744,409.81 CNY in Q1 2023, reflecting a decrease of approximately 13.2%[27] - Cash and cash equivalents at the end of Q1 2024 totaled 466,161,458.56 CNY, compared to 520,970,285.87 CNY at the end of Q1 2023, showing a decrease of about 10.5%[28] - The company reported a cash inflow from financing activities of 175,372,943.17 CNY in Q1 2024, compared to 193,857,688.13 CNY in Q1 2023, indicating a decline of approximately 9.5%[27] - The company received tax refunds amounting to 2,410,941.67 CNY in Q1 2024, compared to 1,212,369.67 CNY in Q1 2023, representing an increase of about 98.8%[27] - The total cash outflow from investing activities was 173,745,129.96 CNY in Q1 2024, compared to 133,012,378.18 CNY in Q1 2023, reflecting an increase of approximately 30.7%[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,208,624,811.36, reflecting a 1.20% increase from ¥7,122,936,764.42 at the end of the previous year[4] - Total assets amounted to CNY 7.21 billion, a slight increase from CNY 7.12 billion in the previous quarter[20] - Total liabilities increased to CNY 3.93 billion, compared to CNY 3.81 billion in the previous quarter, marking a growth of 2.93%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,421[11] - The largest shareholder, Tangshan Jinkong Industrial Development Group Co., Ltd., holds 26.15% of shares, totaling 79,851,721 shares, with 32,438,579 shares pledged[11] - As of the end of the reporting period, Tangshan Jinkong Industrial Development Group has increased its holdings by 3,534,300 shares, representing 1.16% of the total share capital, with a total investment of approximately RMB 33.9964 million[13] - The company has completed the reduction of 3,026,811 shares from the first employee stock ownership plan, which was fully divested by January 8, 2024[14] - The company plans to implement the fifth employee stock ownership plan, approved by the board on March 25, 2024[14] - A total of 13,222,221 shares were released from restrictions on February 19, 2024, accounting for 4.3294% of the total share capital[15] - The company will reduce its registered capital from 305,402,973 shares to 303,400,000 shares following the cancellation of repurchased shares[16] Expenses - The company's management expenses rose by 31.68% to ¥55,263,838.23, attributed to the expanded consolidation scope including new subsidiaries[9] - Financial expenses increased by 82.99% to ¥23,307,605.41, driven by higher interest expenses from increased financing[9] - Research and development expenses increased to CNY 40.85 million, up 25.56% from CNY 32.53 million in the previous year[23] - The company reported a significant increase in tax expenses, with income tax expenses of CNY 2.56 million compared to CNY 0.58 million in the previous year[23] Earnings Per Share - The company's basic and diluted earnings per share were both -¥0.083, a decrease of 69.39% from -¥0.049 in the same period last year[4] - Basic and diluted earnings per share for Q1 2024 were both -0.083 CNY, compared to -0.049 CNY in Q1 2023, indicating a worsening performance[24] Audit Status - The company did not report any audited financial results for Q1 2024, as the report was unaudited[29]