DYEC(600403)2024-04-26 08:17Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,409,344,672.16, representing a decrease of 29.66% compared to the same period last year [8] - The net profit attributable to shareholders of the listed company was a loss of CNY 270,336,417.65, a decline of 185.91% year-on-year [8] - Basic and diluted earnings per share were both CNY -0.1131, reflecting a decrease of 185.92% year-on-year [8] - Total operating revenue for Q1 2024 was 2.00 billion in Q1 2023 [21] - Net profit for Q1 2024 was a loss of 375.55 million in Q1 2023 [21] - The company's net profit attributable to shareholders decreased by 185.91% due to a significant decline in coal prices, resulting in a downturn in operational performance [45] - Operating revenue fell by 29.66%, attributed to a decrease in both sales volume and price compared to the same period last year [45] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 14,569,027.63, down 96.88% compared to the previous year [8] - Cash flow from operating activities for Q1 2024 was 466.89 million in Q1 2023 [23] - The total cash inflow from financing activities was 1,559,836,357.68 RMB, while cash outflow was 1,436,223,098.07 RMB, resulting in a net cash flow from financing activities of 123,613,259.61 RMB [24] - The company reported a net increase in cash and cash equivalents of 29,230,982.18 RMB, compared to a much larger increase of 563,911,185.43 RMB in the previous period [24] - The balance of cash and cash equivalents at the end of the period was 2,584,957,551.13 RMB, down from 4,308,392,089.75 RMB at the end of the previous period [24] - The company experienced a 50.61% decrease in net cash flow from financing activities compared to the previous period, primarily due to a reduction in cash received from financing activities [45] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 20,837,049,117.07, a slight decrease of 0.52% from the end of the previous year [8] - The company's total liabilities amounted to CNY 11,668,254,942.01, an increase from CNY 11,439,776,543.78 at the end of the previous year [18] - Total liabilities increased to 13.55 billion in Q1 2023, an increase of 0.9% [19] - Total equity attributable to shareholders decreased to 6.73 billion in Q1 2023, a decline of 3.6% [19] - Long-term borrowings decreased from 250 million, a reduction of 28.6% [19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,641 [56] - The largest shareholder, Yima Coal Industry Group Co., Ltd., holds 1,477,659,766 shares, representing 61.81% of the total shares [57] - Yima Coal Industry Group Qinhai Yihai Energy Co., Ltd. holds 542,500,845 shares, accounting for 22.69% of the total shares [57] - The top 10 shareholders collectively hold a significant portion of the company's shares, with the top two shareholders alone holding over 84% [57] - Xu Kaidong, an individual shareholder, holds 11,568,100 shares, which is 0.48% of the total shares [57] - The company has a total of 738,519,900 pledged shares among its major shareholders [56] Operational Insights - The company reported a significant increase in accounts receivable, which rose to CNY 830,384,765.94 from CNY 811,001,203.98 [14] - The company has ongoing investments in long-term equity, totaling CNY 344,741,090.00, slightly up from CNY 339,663,190.94 [14] - Research and development expenses for Q1 2024 were 40.97 million in Q1 2023 [21] - The company reported a decrease in tax expenses to 44.03 million in Q1 2023 [21] - Prepayments increased by 74.93%, indicating a rise in advance payments for projects during the period [45] - Contract liabilities rose by 55.67%, reflecting an increase in advance coal payments received [45] - The company did not report any significant new product developments or market expansions during this period [45] Future Outlook - The company has not provided any future outlook or performance guidance in the extracted content [56]