LEP(600644)2024-04-29 11:57Financial Performance - The company's operating revenue for Q1 2024 was ¥827,637,318.11, representing an increase of 8.72% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥5,179,957.23, which is a deterioration of 48.06% year-on-year[5]. - The net cash flow from operating activities was negative at ¥221,306,123.62, a decline of 97.92% compared to the previous year[5]. - The company reported a net loss of RMB 224,612,921.55 for Q1 2024, compared to a net loss of RMB 219,432,964.32 in Q1 2023[15]. - In Q1 2024, the company reported a net loss of CNY 4,327,398.40, an improvement from a net loss of CNY 10,023,755.47 in Q1 2023, representing a 56.8% reduction in losses[19]. - The total profit (loss) for the period was negative CNY 1,539,424.37 in Q1 2024, significantly improved from negative CNY 8,983,914.68 in Q1 2023, marking a 82.8% reduction in losses[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,123,509,609.03, a decrease of 0.37% from the end of the previous year[5]. - Cash and cash equivalents as of March 31, 2024, were RMB 183,225,570.07, down from RMB 278,056,137.24 as of December 31, 2023, a decrease of 34.1%[12]. - Total current assets amounted to RMB 604,689,939.48 as of March 31, 2024, slightly up from RMB 601,947,622.66 at the end of 2023[13]. - Total liabilities decreased to RMB 2,073,370,620.11 as of March 31, 2024, from RMB 2,086,868,540.30 at the end of 2023, a reduction of 0.6%[14]. - The company’s equity attributable to shareholders was RMB 1,814,228,174.51 as of March 31, 2024, down from RMB 1,816,986,432.50 at the end of 2023[15]. Revenue and Costs - Total operating revenue for Q1 2024 reached RMB 827,637,318.11, an increase of 8.7% compared to RMB 761,277,555.67 in Q1 2023[18]. - Total operating costs for Q1 2024 were RMB 833,218,169.92, up from RMB 773,094,980.04 in Q1 2023, reflecting a year-over-year increase of 7.8%[18]. - Operating costs included RMB 740,856,815.32 in operating expenses for Q1 2024, compared to RMB 660,394,103.57 in Q1 2023, indicating a rise of 12.2%[18]. - The company's total operating expenses increased to CNY 1,142,506,472.47 in Q1 2024, compared to CNY 1,004,652,143.15 in Q1 2023, indicating a rise of 13.7%[24]. Cash Flow and Investments - The company's operating cash flow net amount was negative CNY 221,306,123.62 in Q1 2024, worsening from negative CNY 111,815,664.80 in Q1 2023[24]. - The company’s cash and cash equivalents at the end of Q1 2024 were CNY 97,975,164.40, down from CNY 228,761,095.46 at the end of Q1 2023, a decrease of 57.1%[25]. - The company achieved an investment income of CNY 4,393,302.45 in Q1 2024, compared to CNY 3,600,488.67 in Q1 2023, reflecting a growth of 22.0%[19]. Accounts Receivable and Borrowings - The company reported a significant increase in accounts receivable by 71.25%, primarily due to the impact of sales on cash collection[6]. - Short-term borrowings increased by 74.69%, indicating a rise in working capital loans during the reporting period[6]. - Accounts receivable increased to RMB 211,472,940.92 in Q1 2024 from RMB 123,491,020.33 in Q1 2023, representing a significant increase of 71.1%[13]. Future Plans and Performance Improvement - The company plans to enhance its power generation capacity and expand its electricity supply business to improve future performance[6]. - Research and development expenses were CNY 66,330.35 in Q1 2024, indicating a focus on innovation despite financial losses[19]. - The company incurred financial expenses of CNY 5,160,120.18 in Q1 2024, down from CNY 7,151,900.85 in Q1 2023, showing a decrease of 27.8%[19]. - Basic and diluted earnings per share were both negative CNY 0.0096 in Q1 2024, an improvement from negative CNY 0.0185 in Q1 2023[20]. - The weighted average return on net assets was -0.29%, an increase of 0.27 percentage points[5].