双良节能(600481) - 2024 Q1 - 季度财报

Financial Performance - The net profit attributable to shareholders of the listed company was -158.74 million RMB, primarily due to a decline in profits[7] - The basic earnings per share were -158.42 RMB, reflecting a decrease in profitability[7] - The company reported a significant decrease in net profit for the current period, with a total loss of -294.44 million RMB compared to a profit of 536.31 million RMB in the previous period[15] - Net profit attributable to shareholders for Q1 2024 was a loss of CNY 294,661,296.94, representing a decline of 158.74% year-over-year[32] - The company’s investment income showed a loss of -12.52 million RMB, contrasting with a gain of 5.35 million RMB in the previous period[15] - The company reported a basic earnings per share of CNY -0.1575 for Q1 2024, down 158.42% from the previous year[32] - The diluted earnings per share for the first quarter of 2024 was -0.1404 RMB, compared to 0.2695 RMB in the same period last year[72] Cash Flow and Operating Activities - The net cash flow from operating activities was 138.75 million RMB, mainly due to an increase in cash settlement of receivables[7] - Net cash flow from operating activities for Q1 2024 was CNY 233,391,954.99, an increase of 138.75% compared to the previous year[32] - Cash inflow from operating activities totaled CNY 3,311,234,582.04 in Q1 2024, compared to CNY 3,423,117,201.86 in Q1 2023[26] - The net increase in cash and cash equivalents for Q1 2024 was CNY 120,988,393.91, compared to CNY 473,062,870.03 in Q1 2023[27] - Cash flow from financing activities for Q1 2024 was CNY 182,274,474.43, a decrease of 87.58% compared to CNY 1,468,448,547.62 in Q1 2023[27] Assets and Liabilities - The total assets as of March 31, 2024, included cash and cash equivalents of 6.26 billion RMB, down from 8.53 billion RMB at the end of 2023[13] - Total assets at the end of Q1 2024 were CNY 29,987,275,204.95, a decrease of 0.34% from CNY 30,090,661,476.28 at the end of the previous year[33] - The company’s total liabilities decreased by 4.07% year-over-year, with total equity attributable to shareholders at CNY 6,787,637,856.78[33] - The total liabilities reached 23,187,800,875.94 RMB, an increase from 23,003,543,830.95 RMB in the previous period[62] - The total current liabilities decreased to 18,139,826,113.82 RMB from 18,696,706,172.63 RMB[62] Impairment and Expenses - The company experienced a credit impairment loss of -1,089.77 million RMB, primarily due to bad debt provisions[7] - The company’s inventory impairment loss was -1,797.02 million RMB, attributed to a decline in the price of photovoltaic monocrystalline silicon wafers[7] - Research and development expenses for Q1 2024 were CNY 67,162,767.20, down from CNY 105,507,775.89 in Q1 2023[24] - Financial expenses increased by 51.99% due to higher interest expenses incurred during the period[35] Shareholder Information - The total number of common shareholders at the end of the reporting period was 92,157[37] - The company has a total of 329,370,517 shares held by the largest shareholder, Shuangliang Group Co., Ltd.[56] Strategic Focus - The company plans to focus on improving operational efficiency and reducing costs in response to the challenging market conditions[17] - The company is focused on expanding its market presence and developing new technologies, although specific details are not provided in the current report[68] Other Income and Gains - The company reported a significant increase in other income to 84.72 million RMB, mainly from government subsidies[7] - Non-recurring gains and losses amounted to 119,044,820.42 RMB, primarily from government subsidies related to normal business operations[52]