远兴能源(000683) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥3,280,473,345.62, representing a 31.03% increase compared to ¥2,503,651,821.45 in the same period last year[3] - Net profit attributable to shareholders decreased by 12.70% to ¥569,084,807.32 from ¥651,889,778.81 year-on-year[3] - Basic and diluted earnings per share decreased by 16.67% to ¥0.15, compared to ¥0.18 in the same period last year[3] - Net profit for Q1 2024 was ¥852,711,558.80, representing a 9.5% increase from ¥778,365,706.65 in Q1 2023[16] - The total comprehensive income for the period was ¥852,691,167.59, compared to ¥778,449,999.23 in the same period last year, an increase of approximately 9.5%[17] Cash Flow - The net cash flow from operating activities fell by 31.09% to ¥417,184,474.71, down from ¥605,406,498.05 in the previous year[3] - Total cash inflow from operating activities was ¥2,659,623,358.13, compared to ¥2,266,887,937.34 in the previous year, marking an increase of approximately 17.3%[19] - Cash outflow from operating activities totaled ¥2,242,438,883.42, up from ¥1,661,481,439.29, indicating a rise of about 34.8%[19] - Cash inflow from financing activities was ¥1,025,165,221.91, a decrease from ¥1,747,716,497.23, representing a decline of about 41.3%[19] - The net cash flow from financing activities was -¥695,004,452.71, compared to ¥717,297,586.37 in the previous year, indicating a significant change[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥33,944,601,467.10, a decrease of 0.44% from ¥34,093,963,601.75 at the end of the previous year[3] - The total liabilities decreased to ¥15,044,335,387.87 from ¥16,162,978,965.07, a reduction of approximately 6.9%[15] - Current liabilities decreased to ¥7,617,393,857.62 from ¥8,516,027,683.28 at the beginning of the quarter, a reduction of approximately 10.5%[15] - Fixed assets decreased from CNY 17,728,703,598.24 to CNY 17,398,574,727.90, representing a reduction of about 1.9%[13] Expenses - Total operating costs for Q1 2024 were ¥2,333,502,461.13, up 30.5% from ¥1,789,152,909.79 in the same period last year[16] - Management expenses increased by 49.64% to ¥235,565,904.59 due to the recognition of equity incentive costs[8] - R&D expenses rose by 81.54% to ¥40,819,503.57 as a result of increased R&D projects[8] - Financial expenses increased by 82.53% to ¥100,746,599.48 due to a larger financing scale compared to the same period last year[8] Shareholder Information - The largest shareholder, Inner Mongolia Boyuan Holdings Group, holds 30.09% of shares, totaling 1,122,491,995 shares[10] - Shareholders' equity attributable to the parent company increased by 5.05% to ¥14,166,835,482.61 from ¥13,485,680,378.89 at the end of the previous year[3] Other Notable Changes - Accounts receivable increased by 78.07% to ¥106,605,275.08, primarily due to the release of credit limits for major products[7] - Inventory rose by 50.63% to ¥805,623,469.45, attributed to an increase in stock of finished goods and raw materials[7] - The company recognized a provision for expected liabilities totaling CNY 964,000,000 due to a court ruling related to a mining rights transfer dispute[11] - The company is currently involved in arbitration regarding a capital increase and share transfer agreement with China Coal Energy Co., Ltd., which is still pending resolution[12]