ZCE(600121)2024-04-29 07:47Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,138,010,466.81, a decrease of 3.41% compared to CNY 1,178,205,031.41 in the same period last year[5]. - Net profit attributable to shareholders was CNY 33,825,037.29, down 49.57% from CNY 64,675,099.55 year-on-year[5]. - Basic earnings per share decreased by 49.45% to CNY 0.0278 from CNY 0.0531 in the previous year[6]. - The company reported a significant decline in coal prices, which contributed to the drop in net profit and earnings per share[11]. - Net profit for Q1 2024 was CNY 76,350,077.97, down 37.8% from CNY 122,816,235.38 in Q1 2023[24]. - The company reported a total comprehensive income of CNY 76,350,077.97 for Q1 2024, down from CNY 122,816,235.38 in Q1 2023[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 13,812,554,589.75, an increase of 4.15% from CNY 13,262,636,174.93 at the end of the previous year[6]. - As of March 31, 2024, the company's total assets amounted to RMB 13,812,554,589.75, an increase from RMB 13,262,636,174.93 as of December 31, 2023, reflecting a growth of approximately 4.14%[18]. - The company's current assets reached RMB 4,798,907,050.91, up from RMB 4,274,051,853.20, indicating an increase of about 12.26%[18]. - The total liabilities increased to CNY 10,884,919,162.60, up from CNY 10,458,399,459.56, indicating a growth of 4.1%[20]. - The company's total liabilities were not explicitly stated, but the current liabilities included significant components such as accounts payable and short-term borrowings[19]. Cash Flow - The net cash flow from operating activities increased by 29.39% to CNY 144,003,834.45 from CNY 111,295,173.42 in the same period last year[5]. - Cash flow from operating activities generated a net amount of CNY 144,003,834.45, an increase of 29.4% from CNY 111,295,173.42 in Q1 2023[27]. - The cash inflow from operating activities totaled CNY 1,192,347,735.97, slightly down from CNY 1,213,035,128.66 in the previous year[27]. - Investment activities cash outflow totaled ¥78,350,249.84, with a net cash flow from investment activities of -¥60,506,637.04[28]. - Financing activities cash inflow amounted to ¥1,983,900,000.00, while cash outflow for financing activities was ¥2,073,307,069.95, resulting in a net cash flow from financing activities of -¥89,407,069.95[28]. - The net increase in cash and cash equivalents for the period was -¥5,909,872.54, with an ending balance of ¥815,138,624.37[28]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 92,470[12]. - The largest shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., holds 46.46% of the shares, with 308,230,000 shares pledged[13]. - The company reported a total of 566,068,280 shares held by its largest shareholder, Zhengzhou Coal Industry (Group) Co., Ltd.[14]. Research and Development - Research and development expenses rose significantly to CNY 6,131,480.59, compared to CNY 1,922,517.39 in the previous year, marking an increase of 219.5%[23]. Other Information - The company did not apply new accounting standards or interpretations for the first quarter of 2024[30]. - The report was issued by Zhengzhou Coal Electricity Co., Ltd. on April 30, 2024[31].