CAPCHEM(300037)2024-04-25 11:24Financial Performance - The company's revenue for Q1 2024 was CNY 1,515,396,628.01, representing a decrease of 8.00% compared to CNY 1,647,158,586.45 in the same period last year[3]. - Net profit attributable to shareholders was CNY 165,018,629.25, down 32.80% from CNY 245,548,408.06 year-on-year[3]. - The basic earnings per share decreased by 33.33% to CNY 0.22 from CNY 0.33 in the previous year[3]. - The company’s total profit for the period was CNY 187,646,227.60, down 31.07% from CNY 272,234,380.31 in the previous year[8]. - Total comprehensive income for the current period is ¥113,526,424.66, down from ¥217,562,026.30, a decrease of 47.9%[23]. Cash Flow - The net cash flow from operating activities was negative at CNY -402,073,475.15, a decline of 155.10% compared to CNY 729,686,368.21 in the same period last year[9]. - The company’s cash and cash equivalents decreased from RMB 3,846,413,639.83 to RMB 2,627,501,323.41 during the quarter[18]. - The net cash flow from investment activities was -896,724,033.89 CNY, contrasting with a positive cash flow of 25,580,043.91 CNY in the previous year, marking a decline of approximately 3,608.4%[25]. - The total cash and cash equivalents at the end of the period were 1,717,266,601.19 CNY, down from 3,966,208,369.53 CNY year-over-year, a decrease of about 56.7%[25]. - The company reported cash outflows from operating activities totaling 2,080,688,231.47 CNY, compared to 1,601,633,871.70 CNY in the previous year, an increase of approximately 29.9%[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,000,007,226.04, a decrease of 3.54% from CNY 17,624,313,101.06 at the end of the previous year[3]. - The company’s current assets totaled RMB 8,481,693,958.76, down from RMB 9,514,174,302.66 at the beginning of the period[19]. - The total liabilities were reported at RMB 7,100,081,918.79, compared to RMB 7,992,083,979.17 at the beginning of the period[20]. - The company’s total equity increased to RMB 9,899,925,307.25 from RMB 9,632,229,121.89 at the beginning of the period[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,130[10]. - The largest shareholder, Qin Jiusan, holds 13.63% of the shares, totaling 102,779,885 shares[10]. - The second-largest shareholder, Zhou Dawen, owns 7.54% of the shares, amounting to 56,806,157 shares[10]. - The company has a total of 749,624,508 shares as of December 29, 2023, and 753,881,810 shares as of March 29, 2024[13]. - The proportion of shares held by the top 10 shareholders accounts for a significant portion of the total equity, with the top three shareholders alone holding over 26%[10]. Expenses and Investments - The company reported a significant increase in development expenses, rising 232.14% to CNY 15,518,146.53 due to increased intangible asset development costs[6]. - Research and development expenses decreased significantly to ¥97,127,667.82 from ¥131,273,827.64, a decline of 26.0%[22]. - The company experienced a loss in investment income from joint ventures amounting to ¥-8,215,364.08 compared to a loss of ¥-732,778.13 previously[22]. Other Financial Metrics - The company reported a financial expense of ¥420,518.89, significantly lower than ¥9,507,536.56 in the previous period[22]. - Other income increased to ¥29,066,544.05 from ¥11,719,964.10, a growth of 147.0%[22]. - Cash paid for purchasing goods and services was 1,600,914,339.11 CNY, up from 1,108,704,820.37 CNY, reflecting an increase of about 44.4%[25]. - The company received tax refunds of 64,727,312.88 CNY, compared to 28,397,328.58 CNY in the previous year, an increase of approximately 128.2%[25]. Future Plans - The company plans to extend the expected usable state date for the second phase of the Jingmen lithium battery material project to December 31, 2026[16].