正威新材(002201) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥273,813,752.28, a decrease of 17.40% compared to ¥331,493,274.52 in the same period last year[5] - Net profit attributable to shareholders was ¥8,889,745.44, representing an increase of 6.69% from ¥8,332,675.85 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥6,240,793.39, down 25.29% from ¥8,353,560.41 in the previous year[5] - Total operating revenue for Q1 2024 was CNY 273,813,752.28, a decrease of 17.4% compared to CNY 331,493,274.52 in Q1 2023[21] - Net profit for Q1 2024 reached CNY 8,889,745.44, representing a slight increase of 6.7% from CNY 8,332,675.85 in Q1 2023[21] - The net profit attributable to the parent company for Q1 2024 is CNY 8,889,745.44, an increase from CNY 8,332,675.85 in Q1 2023, representing a growth of approximately 6.7%[22] - Basic and diluted earnings per share for Q1 2024 are both CNY 0.0136, up from CNY 0.0128 in the same period last year, indicating a growth of 6.3%[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 71.11% to ¥2,441,908.76, compared to ¥8,451,483.15 in the same period last year[5] - Cash flow from operating activities for Q1 2024 is CNY 2,441,908.76, a decrease from CNY 8,451,483.15 in Q1 2023, reflecting a decline of approximately 71.1%[24] - Total cash inflow from operating activities is CNY 217,490,747.94, down from CNY 286,327,555.86 in the previous year, a decrease of about 24.1%[24] - Cash outflow from operating activities is CNY 215,048,839.18, compared to CNY 277,876,072.71 in Q1 2023, showing a reduction of approximately 22.5%[24] - The total cash and cash equivalents at the end of Q1 2024 is CNY 106,587,356.72, an increase from CNY 85,684,671.67 at the end of Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,659,043,637.48, a decrease of 9.13% from ¥2,926,055,270.76 at the end of the previous year[5] - The company's total assets decreased to CNY 2,659,043,637.48 in Q1 2024 from CNY 2,926,055,270.76 in Q1 2023, a decline of 9.1%[20] - Total current liabilities decreased to CNY 1,344,790,830.99 in Q1 2024, down 19.0% from CNY 1,656,858,703.71 in Q1 2023[20] - The total liabilities of the company decreased to CNY 1,571,316,890.77 in Q1 2024, down 15.0% from CNY 1,847,218,269.49 in Q1 2023[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,407[12] - The company’s major shareholder, Shenzhen Yiwai New Materials Co., Ltd., had 20,996,100 shares (3.22% of total shares) auctioned, which were ultimately not sold in the first auction[15] - In a subsequent auction, these shares were successfully acquired by Jiangsu Jinding Group Co., Ltd. for 122,425,227 RMB, increasing Jinding Group's holdings to 132,576,554 shares (20.35% of total shares)[15] - The top ten shareholders include Shenzhen Yiwai New Materials Co., Ltd. with 127,400,000 shares (19.73%) and Jiangsu Jinding Group Co., Ltd. with 66,330,806 shares (10.18%)[14] - The company’s total share capital is currently 645,000,000 shares, with the top ten shareholders holding a significant portion of the shares[14] Operational Costs and Expenses - Total operating costs for Q1 2024 were CNY 258,012,141.00, down 18.4% from CNY 316,390,204.82 in the same period last year[21] - Management expenses increased by 40.28% to ¥2,319,000.00, primarily due to depreciation costs during the production line shutdown at a subsidiary[8] - Research and development expenses for Q1 2024 were CNY 14,064,228.11, a decrease of 7.6% compared to CNY 15,225,786.42 in Q1 2023[21] Investment and Income - Investment income decreased by ¥193,390.00, mainly due to reduced profits from an associated company[9] - The company reported an increase in other operating income of ¥176,520.00, attributed to higher government subsidies received[9] Credit and Impairment - The company reported a significant increase in credit impairment losses of CNY 6,046,337.73 in Q1 2024, compared to CNY 2,166,749.99 in Q1 2023[21] Regulatory and Compliance - The company has not undergone an audit for the Q1 2024 report, which is noted as unaudited[25] - The company is implementing new accounting standards starting in 2024, which may affect future financial reporting[25] - The financial report indicates a strategic focus on managing shareholder equity and addressing liquidity issues following the recent share auctions[15] - The company is expected to continue monitoring shareholder activities closely to ensure compliance with regulatory requirements[16]