八方股份(603489) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 295,775,274.91, representing a decrease of 34.50% compared to the same period last year[3]. - The net profit attributable to shareholders for Q1 2024 was CNY 16,535,627.48, down 64.50% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15,576,302.07, a decrease of 58.15% compared to the previous year[3]. - Basic and diluted earnings per share for Q1 2024 were both CNY 0.10, down 64.29% from the same period last year[3]. - The decline in revenue and profit was attributed to weak terminal market demand and a decrease in sales orders[6]. - Total comprehensive income for Q1 2024 was CNY 15,160,824.41, significantly lower than CNY 47,236,546.16 in Q1 2023, marking a decrease of 68.0%[19]. - Net profit for Q1 2024 was CNY 16,535,627.48, down 64.6% from CNY 46,575,942.07 in Q1 2023[19]. - Operating profit for Q1 2024 was CNY 18,727,238.69, a decline of 65.0% compared to CNY 53,453,002.78 in Q1 2023[18]. Cash Flow - The net cash flow from operating activities was CNY 949,595.57, reflecting a significant decline of 99.15% year-on-year[3]. - Cash flow from operating activities for Q1 2024 was CNY 949,595.57, a sharp decline from CNY 111,771,121.17 in Q1 2023[22]. - The company incurred a net cash outflow from investing activities of CNY 97,028,870.84 in Q1 2024, contrasting with a net inflow of CNY 17,338,740.30 in Q1 2023[22]. - The net cash flow from operating activities was negative at CNY -35,628,732.80, contrasting with a positive CNY 125,846,951.16 in the same period last year[30]. - The cash received from tax refunds was CNY 662,809.00, a decrease of 78.6% compared to CNY 3,092,507.26 in Q1 2023[30]. - The company reported a significant decline in cash received from sales of goods and services, totaling CNY 211,777,153.79, down 45.6% from CNY 389,422,622.26 in the previous year[30]. Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 3,280,974,412.85, a decrease of 1.81% from the end of the previous year[4]. - Current assets totaled CNY 2,211,356,927.68 as of March 31, 2024, a decrease of 2.5% from CNY 2,267,464,055.68 at the end of 2023[12]. - Non-current assets amounted to CNY 1,069,617,485.17, a slight decrease from CNY 1,073,909,161.33 at the end of 2023[12]. - Total liabilities decreased to CNY 513,990,203.49 from CNY 589,549,832.06 at the end of 2023[13]. - The total assets as of Q1 2024 amounted to ¥2,987,978,694.50, slightly down from ¥2,997,204,905.11 in the previous year[26]. - The total liabilities for Q1 2024 were ¥195,300,906.84, a decrease of 16.0% from ¥232,198,067.98 in Q1 2023[26]. Shareholder Information - The equity attributable to shareholders at the end of Q1 2024 was CNY 2,766,984,209.36, an increase of 0.55% compared to the end of the previous year[4]. - The total number of ordinary shareholders at the end of the reporting period was 11,787[9]. - The total equity increased to ¥2,792,677,787.66 in Q1 2024, compared to ¥2,765,006,837.13 in Q1 2023, reflecting a growth of 1.0%[26]. Research and Development - R&D expenses for Q1 2024 were CNY 19,674,202.82, a decrease from CNY 21,245,433.06 in Q1 2023, reflecting a reduction of approximately 7.4%[18]. - Research and development expenses for Q1 2024 were ¥15,793,556.03, a decrease of 11.5% compared to ¥17,831,936.25 in Q1 2023[28]. Inventory and Receivables - Inventory as of March 31, 2024, was CNY 245,209,962.97, an increase of 8.7% from CNY 225,577,005.20 at the end of 2023[12]. - Accounts receivable rose to CNY 304,620,042.68, up 10.7% from CNY 275,186,864.30 at the end of 2023[12]. - The accounts receivable rose to ¥188,090,322.75 in Q1 2024, up from ¥181,246,562.60 in Q1 2023, indicating a growth of 3.7%[25]. - The inventory level increased to ¥119,680,714.63 in Q1 2024, compared to ¥103,109,535.07 in Q1 2023, reflecting a growth of 15.9%[25]. Financial Position - The company's cash and cash equivalents at the end of Q1 2024 were CNY 1,220,407,300.11, down from CNY 1,394,876,375.02 at the end of Q1 2023[31]. - Cash and cash equivalents at the end of Q1 2024 were CNY 1,419,754,490.21, down from CNY 1,505,224,200.44 at the end of Q1 2023[22]. - The company's cash and cash equivalents increased to ¥35,590,884.98 in Q1 2024, compared to the previous period[25]. - The company's financial expenses showed a significant improvement, with a net financial income of ¥2,024,846.96 in Q1 2024, compared to a loss of ¥5,992,334.84 in Q1 2023[28].