Huasheng Lithium disclosed last year's report card last night, the company's revenue was 525 million yuan, a year-on-year decrease of 39.09%, the net profit was -23.9118 million yuan, compared with 261 million yuan in the same period last year, and the non-net profit was -63.3296 million yuan, compared with 244 million yuan in the same period last year.
According to the annual report of Huasheng Lithium Battery, during the reporting period, the sales revenue and operating income after deducting the business income unrelated to the main business and the income without commercial substance decreased by 39.09% and 39.10% year-on-year respectively, which was caused by the fierce market competition and the large decline in the price of the company's main products, and the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses decreased by 109.17% and 125.96% respectively year-on-year in the reporting period During the reporting period, the net cash flow from operating activities decreased by 143.43% year-on-year, mainly due to the sharp decline in sales, the increase in the receipt of bank acceptance bills, and the decrease in cash received from sales.
The company's profit distribution and capital reserve conversion plan for 2023 are: no cash dividends, no bonus shares, and no capital reserve to increase share capital.
Huasheng Lithium's report for the first quarter of 2024 shows that the company's operating income during the reporting period was 102 million yuan, a year-on-year decrease of 9.77%; The net profit attributable to shareholders of the listed company was -12.8033 million yuan, compared with 11.0053 million yuan in the same period of last year, the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -23.1491 million yuan, compared with 2.8269 million yuan in the same period of last year, and the net cash flow from operating activities was -34.0729 million yuan, compared with -39.4012 million yuan in the same period of last year.
The decline in net profit in the first quarter of Huasheng Lithium was mainly due to the fierce competition in the market, the sharp decline in product sales prices, and the fact that some new production lines of the fund-raising project were put into operation, insufficient start-up, and increased employee compensation and depreciation.
Huasheng Lithium was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on July 13, 2022, with an issue of 28.00 million shares, accounting for 25.45% of the total share capital after issuance, all of which are new shares issued to the public, at a price of 98.35 yuan per share, the sponsor (lead underwriter) is Huatai United Securities Co., Ltd., and the sponsor representatives are Cai Fuxiang and Li Jun.
On the third trading day of listing, that is, on July 15, 2022, Huasheng Lithium hit the highest point of 129.20 yuan since its listing, and the stock has fluctuated and fallen since then.
The total amount of funds raised by Huasheng Lithium's initial public offering was 2.754 billion yuan, and the net amount of funds raised was 2.567 billion yuan after deducting the issuance expenses of 187 million yuan (excluding VAT). The company's final net funds raised were 1.867 billion yuan more than the original plan. According to the prospectus disclosed by the company on July 8, 2022, the company plans to raise 70,000.28 million yuan, which will be used for the annual output of 6,000 tons of vinylene carbonate and 3,000 tons of fluoroethylene carbonate projects, and the construction project of the R&D center.
According to the 2023 annual report disclosed by Huasheng Lithium (688353.SH) last night, the company will achieve operating income of 525 million yuan in 2023, a year-on-year decrease of 39.09%; The net profit attributable to shareholders of the listed company was -23.9118 million yuan, compared with 261 million yuan in the same period of last year, the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -63.3296 million yuan, compared with 244 million yuan in the same period of last year, and the net cash flow from operating activities was -135 million yuan, compared with 311 million yuan in the same period of last year.
According to the annual report of Huasheng Lithium Battery, during the reporting period, the sales revenue and operating income after deducting the business income unrelated to the main business and the income without commercial substance decreased by 39.09% and 39.10% year-on-year respectively, which was caused by the fierce market competition and the large decline in the price of the company's main products, and the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses decreased by 109.17% and 125.96% respectively year-on-year in the reporting period During the reporting period, the net cash flow from operating activities decreased by 143.43% year-on-year, mainly due to the sharp decline in sales, the increase in the receipt of bank acceptance bills, and the decrease in cash received from sales.
The company's profit distribution and capital reserve conversion plan for 2023 are: no cash dividends, no bonus shares, and no capital reserve to increase share capital.
Huasheng Lithium's report for the first quarter of 2024 shows that the company's operating income during the reporting period was 102 million yuan, a year-on-year decrease of 9.77%; The net profit attributable to shareholders of the listed company was -12.8033 million yuan, compared with 11.0053 million yuan in the same period of last year, the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -23.1491 million yuan, compared with 2.8269 million yuan in the same period of last year, and the net cash flow from operating activities was -34.0729 million yuan, compared with -39.4012 million yuan in the same period of last year.
The decline in net profit in the first quarter of Huasheng Lithium was mainly due to the fierce competition in the market, the sharp decline in product sales prices, and the fact that some new production lines of the fund-raising project were put into operation, insufficient start-up, and increased employee compensation and depreciation.
Huasheng Lithium was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on July 13, 2022, with an issue of 28.00 million shares, accounting for 25.45% of the total share capital after issuance, all of which are new shares issued to the public, at a price of 98.35 yuan per share, the sponsor (lead underwriter) is Huatai United Securities Co., Ltd., and the sponsor representatives are Cai Fuxiang and Li Jun.
On the third trading day of listing, that is, on July 15, 2022, Huasheng Lithium hit the highest point of 129.20 yuan since its listing, and the stock has fluctuated and fallen since then.
The total amount of funds raised by Huasheng Lithium's initial public offering was 2.754 billion yuan, and the net amount of funds raised was 2.567 billion yuan after deducting the issuance expenses of 187 million yuan (excluding VAT). The company's final net funds raised were 1.867 billion yuan more than the original plan. According to the prospectus disclosed by the company on July 8, 2022, the company plans to raise 70,000.28 million yuan, which will be used for the annual output of 6,000 tons of vinylene carbonate and 3,000 tons of fluoroethylene carbonate projects, and the construction project of the R&D center.