ST鼎龙(002502) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥148,604,603.03, representing a 47.01% increase compared to ¥101,084,923.03 in the same period last year[5] - The net loss attributable to shareholders decreased to ¥3,099,233.59, a 67.17% improvement from a loss of ¥9,438,962.37 in the previous year[5] - The basic earnings per share improved to -¥0.0036, a 65.05% increase from -¥0.0103 in the same period last year[5] - Net loss for Q1 2024 was ¥2,762,079.11, an improvement from a net loss of ¥9,800,656.98 in Q1 2023[20] - The total comprehensive income for Q1 2024 was -¥206,810.88, compared to -¥6,576,318.50 in Q1 2023, indicating a significant reduction in losses[21] Cash Flow - The net cash flow from operating activities was ¥5,339,116.50, a significant increase of 266.28% compared to a negative cash flow of ¥3,210,943.94 in the same period last year[5] - Cash inflow from operating activities was ¥149,588,098.31, compared to ¥123,639,811.85 in the previous year, marking a growth of 21%[23] - The net cash flow from operating activities for Q1 2024 was ¥5,339,116.50, a significant improvement compared to a net outflow of ¥3,210,943.94 in Q1 2023, indicating a turnaround in operational performance[24] - The total cash and cash equivalents at the end of Q1 2024 stood at ¥15,038,071.51, down from ¥59,990,735.27 at the end of Q1 2023, indicating a decrease in liquidity[24] - The company reported a total cash outflow from operating activities of ¥144,248,981.81 in Q1 2024, compared to ¥126,850,755.79 in Q1 2023, showing an increase in operational cash outflows[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,256,018,500.68, showing a slight increase of 0.39% from ¥2,247,256,871.68 at the end of the previous year[5] - The total liabilities of the company were not explicitly stated, but current liabilities included accounts payable of RMB 109,717,369.89, down from RMB 111,689,581.63, a decrease of about 1.8%[17] - The company's total liabilities increased to ¥582,634,449.10 from ¥571,731,629.70, reflecting a rise of approximately 2%[20] - The company experienced a decrease in non-current assets from RMB 1,680,758,543.75 to RMB 1,670,869,563.25, a decline of about 0.5%[17] Shareholder Information - The company has a total of 27,509 common shareholders at the end of the reporting period[11] - The largest shareholder, Hangzhou Dinglong Enterprise Management Co., Ltd., holds an 18.60% stake, with 171,129,453 shares, of which 118,290,550 shares are pledged[11] Expenses - The company's management expenses decreased by 40.92% to ¥16,968,682.91, attributed to reduced losses from the titanium segment and no accrual of stock incentive expenses this period[9] - Research and development expenses for Q1 2024 were ¥394,685.15, slightly down from ¥433,392.89 in Q1 2023[20] - The cash paid for employee compensation in Q1 2024 was ¥16,335,256.95, down from ¥17,741,813.53 in Q1 2023, reflecting cost control measures[24] Contract Liabilities - The company reported a 99.28% increase in contract liabilities, reaching ¥21,280,331.75, primarily due to increased prepayments for titanium concentrate sales[9] - The company reported a significant increase in contract liabilities to RMB 21,280,331.75 from RMB 10,678,438.71, reflecting a growth of approximately 99.8%[17] Credit and Financing - The company applied for a credit limit of up to RMB 39.6 million from Zheshang Bank, with a term of 18 months, and later reduced the limit to RMB 33 million[14] - The company plans to extend the credit period by an additional 6 months while continuing to provide collateral using part of its self-owned properties[14] - The company did not report any cash inflow from new borrowings in Q1 2024, contrasting with ¥29,000,000.00 in Q1 2023, indicating a shift in financing strategy[24] Investment Activities - Total cash outflow from investing activities was ¥10,817,973.28 in Q1 2024, compared to ¥37,402,630.64 in Q1 2023, reflecting a reduction in investment expenditures[24] - Cash inflow from investment activities was ¥225,974.93 in Q1 2024, a significant decrease from ¥38,538,211.74 in Q1 2023, highlighting reduced investment returns[24] - The company’s total cash inflow from investment activities was significantly lower in Q1 2024, with no cash received from the disposal of subsidiaries, contrasting with previous periods[24] Foreign Exchange Impact - The company experienced a foreign exchange impact of ¥5,803.44 on cash and cash equivalents in Q1 2024, compared to a negative impact of -¥53,624.05 in Q1 2023, indicating improved currency stability[24]