Financial Performance - Operating revenue for Q1 2024 was CNY 110,128,162.49, representing a decrease of 20.16% year-over-year [11]. - Net profit attributable to shareholders for Q1 2024 was a loss of CNY 7,878.83, a decline of 100.07% compared to a profit of CNY 11,205,873.56 in Q1 2023 [11]. - The company reported a significant increase in tax and additional fees, which rose by 111.59% to CNY 1,216,206.17 in Q1 2024 [13]. - The weighted average return on net assets based on net profit attributable to shareholders was 0.00% for Q1 2024, down from 2.43% in the same period last year [11]. - Total revenue for Q1 2024 was CNY 110,128,162.49, a decrease of 20.3% compared to CNY 137,928,783.45 in Q1 2023 [59]. - Net profit for Q1 2024 was ¥2,521,980.20, compared to ¥11,765,802.72 in Q1 2023, indicating a significant decline [64]. - The total profit for Q1 2024 was ¥2,434,655.44, a decrease of 80.8% compared to ¥12,711,449.75 in Q1 2023 [63]. Cash Flow - The company's cash flow from operating activities decreased by 42.71%, totaling CNY 20,711,951.65 in Q1 2024 [11]. - The net cash flow from operating activities was 20,711,951.65, down from 36,153,486.83, indicating a decrease of about 42.6% year-over-year [67]. - Operating cash flow for Q1 2024 was 133,174,690.63, a decrease from 159,524,061.17 in Q1 2023, reflecting a decline of approximately 16.5% [67]. - Cash inflow from financing activities totaled 83,680,000.00, a substantial increase from 19,100,000.00 in Q1 2023, marking an increase of approximately 338.3% [67]. - Net cash flow from financing activities improved to 60,061,249.54, compared to -42,716,706.26 in the same period last year [68]. - The ending cash and cash equivalents balance for Q1 2024 was 22,008,024.63, down from 89,414,250.77 in Q1 2023, reflecting a decrease of approximately 75.5% [68]. Assets and Liabilities - Total assets as of March 31, 2024, reached CNY 1,293,583,532.11, an increase of 12.65% compared to the end of 2023 [11]. - Current liabilities totaled CNY 489,491,538.45 in Q1 2024, compared to CNY 403,643,129.46 in Q4 2023, marking a rise of 21.2% [52]. - Long-term borrowings increased to CNY 256,300,000.00 in Q1 2024 from CNY 214,880,000.00 in Q4 2023, an increase of 19.3% [52]. - Total liabilities amounted to CNY 802,858,126.95 in Q1 2024, up from CNY 677,762,431.63 in Q4 2023, reflecting a growth of 18.5% [53]. - Shareholders' equity totaled CNY 490,725,405.16 in Q1 2024, compared to CNY 470,523,434.12 in Q4 2023, an increase of 4.5% [53]. Investments and Development - The construction in progress increased by 75.27% to CNY 195,475,822.14, primarily due to investments in new production lines [13]. - The company has capitalized development expenses of CNY 3,141,573.69 for the R&D of high-performance lead-carbon battery materials, marking a 100% increase [13]. - Research and development expenses decreased to 2,019,435.15 yuan, a reduction of 62.01% from 5,316,149.8 yuan in the previous year [14]. - Financial expenses surged to 4,124,570.24 yuan, marking a significant increase of 321.72% from 978,032.25 yuan year-over-year, primarily due to increased financing [14]. Shareholder Information - The total number of ordinary shareholders was 3,488, with total share capital remaining at 108,591,700 shares [21]. - The largest shareholder, Guo Zhongcheng, increased his holdings from 32,798,300 to 34,673,564 shares, representing a 31.93% ownership stake [22]. - Kunming University of Science and Technology holds 6,110,000 shares, accounting for 5.63% of total shares [22]. - The total number of shares held by the top ten shareholders increased from 58,831,567 to 60,709,552, representing 55.92% of total shares [23]. Guarantees and Legal Matters - The company is involved in a labor arbitration case with a claim amount of 48,656.25 yuan, which is 0.01% of the net assets at the end of the reporting period [30]. - The company has provided guarantees amounting to 10,000,000 yuan, with the full amount still outstanding [32]. - The total amount of external guarantees provided by the company and its subsidiaries is 314,900,000.00 CNY [36]. - The company has not experienced any repayment or violation of guarantees during the reporting period [37]. - The company has provided guarantees exceeding 50% of its net assets amounting to 69,537,297.42 CNY [36].
昆工科技(831152) - 2024 Q1 - 季度财报