永安林业(000663) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥56,696,993.11, a decrease of 58.91% compared to ¥137,997,013.22 in the same period last year[5] - The net loss attributable to shareholders was ¥8,947,059.87, representing a decline of 116.51% from a profit of ¥54,191,423.45 in the previous year[5] - Total sales revenue for Q1 2024 was approximately ¥63.51 million, a decrease of 45.60% compared to the previous year[13] - The net profit for the current period is a loss of ¥8,905,504.54, compared to a profit of ¥54,083,128.79 in the previous period, indicating a significant decline[25] - The total comprehensive income for the current period is a loss of ¥9,712,647.54, compared to a profit of ¥54,083,128.79 in the previous period[25] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥10,617,255.37, down 118.45% from ¥57,542,161.73 in the prior year[5] - Cash flow from operating activities was ¥352,264.35, down 90.75% year-on-year[13] - The company reported a significant reduction in cash flow from various activities, indicating potential liquidity challenges[13][14] - The cash flow from operating activities shows a net outflow of ¥10,617,255.37, contrasting with a net inflow of ¥57,542,161.73 in the previous period[26] - The cash and cash equivalents at the end of the period stand at ¥259,596,865.72, down from ¥274,339,046.25 at the beginning of the period[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,648,612,237.90, a decrease of 1.33% from ¥1,670,791,806.71 at the end of the previous year[5] - The company's current assets totaled CNY 824,447,884.31, down from CNY 840,246,667.47 at the start of the quarter, reflecting a decline of approximately 1.9%[21] - The total liabilities of the company were CNY 525,147,602.52, compared to CNY 537,614,523.79 at the beginning of the quarter, indicating a reduction of about 2.4%[22] - The company's cash and cash equivalents decreased to CNY 261,184,722.31 from CNY 275,925,049.77, representing a decline of approximately 5.3%[21] - The company reported a decrease in short-term borrowings to CNY 20,580,345.83 from CNY 21,020,502.78, a reduction of approximately 2.1%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,762[17] - The largest shareholder, Zhonglin (Yongan) Holding Co., Ltd., holds 19.27% of the shares, totaling 64,884,600 shares[17] - Tianfeng Securities Co., Ltd. is the second-largest shareholder with a 6.40% stake, holding 21,531,736 shares[17] Research and Development - The company reported a significant increase in research and development expenses for wooden flooring, amounting to ¥386,080.74, a rise of 95.20% year-on-year[10] - Research and development expenses increased to ¥386,080.74 from ¥197,784.61, marking a rise of 95.1%[24] Accounting and Policy Changes - The company will implement new accounting standards starting January 1, 2024, affecting the classification of current and non-current liabilities[28] - The accounting policy change does not impact the company's net assets or net profit significantly[30] - The company confirms that the accounting policy change will not have a major effect on its financial condition, operating results, or cash flow[30] Strategic Decisions - The company has suspended the investment in the biomass energy recycling project, indicating a strategic shift in its project focus[20] - The company has not disclosed any new product developments or market expansion strategies in the current report[13][14] - The company plans to hold its first temporary shareholders' meeting of 2024, reflecting ongoing corporate governance activities[20]