中化国际(600500) - 2024 Q1 - 季度财报

Revenue and Profit Performance - Revenue for the first quarter of 2024 was RMB 11.62 billion, a decrease of 21.33% year-over-year[15] - Net profit attributable to shareholders of the listed company was RMB -285.81 million, a decrease of 353.01% year-over-year[15] - Diluted earnings per share were RMB -0.08, a decrease of 366.67% year-over-year[15] - Net profit for the quarter was -290,972,023.07, compared to 194,013,677.02 in the previous year, indicating a significant loss[31] - Total operating revenue for Q1 2024 was RMB 11.62 billion, a decrease from RMB 14.77 billion in Q1 2023[48] - Total comprehensive income for Q1 2024 was a loss of RMB 342.3 million, compared to a profit of RMB 268.4 million in Q1 2023[51] - Basic earnings per share for Q1 2024 were a loss of RMB 0.08, compared to a profit of RMB 0.03 in Q1 2023[51] Cash Flow and Liquidity - Net cash flow from operating activities increased by 80.09% to RMB 247.79 million year-over-year[15] - The company strengthened cash flow management, achieving a net cash inflow of RMB 248 million from operating activities, an increase of 80.09% year-over-year[19] - Net cash flow from operating activities increased to 247,790,965.20 from 137,589,452.19, showing improved operational cash flow[35] - Net cash flow from investing activities was -924,724,962.73, compared to -1,563,505,314.84, indicating reduced investment outflows[35] - Net cash flow from financing activities was 1.09 billion RMB, compared to a negative 375.91 million RMB in the previous period[36] - Cash and cash equivalents increased by 391.19 million RMB, reversing a previous decline of 1.89 billion RMB[36] Assets and Liabilities - Total assets increased by 2.83% to RMB 55.45 billion compared to the end of the previous year[4] - Equity attributable to shareholders of the listed company decreased by 2.16% to RMB 15.18 billion compared to the end of the previous year[4] - Prepayments increased to 1,550,156,199.23 from 1,103,124,220.74, reflecting a significant rise in advance payments[27] - Other receivables slightly increased to 1,142,719,409.79 from 1,087,119,229.66, indicating a minor growth in miscellaneous receivables[27] - Inventory grew to 4,577,038,299.39 from 4,247,487,956.39, showing an increase in stock levels[27] - Total current assets rose to 16,266,106,548.21 from 14,800,958,196.03, indicating overall growth in liquid assets[27] - Long-term equity investments decreased to 1,489,548,844.27 from 1,557,447,505.69, reflecting a reduction in long-term holdings[27] - Total liabilities amounted to 34.20 billion RMB, with current liabilities at 21.31 billion RMB and non-current liabilities at 12.89 billion RMB[44] - Long-term borrowings increased to 11.46 billion RMB from 9.85 billion RMB in the previous period[44] - Contract liabilities increased to 901.05 million RMB from 617.52 million RMB in the previous period[44] - Total equity remained stable at 3.59 billion RMB[44] - Total equity attributable to owners of the parent company was RMB 15.18 billion, down from RMB 15.52 billion in the previous period[46] - Minority interest equity was RMB 6.06 billion, slightly down from RMB 6.08 billion in the previous period[46] - Total liabilities and equity were RMB 55.45 billion, up from RMB 53.92 billion in the previous period[46] Operating Costs and Expenses - Operating costs for Q1 2024 were RMB 11.19 billion, down from RMB 13.61 billion in Q1 2023[48] - R&D expenses for Q1 2024 were RMB 158.6 million, a decrease from RMB 246.7 million in Q1 2023[48] - Interest expenses decreased to 134,935,237.50 from 163,515,045.90, showing a reduction in borrowing costs[31] Market and Product Performance - The company's key products faced weak market demand, with prices declining year-over-year, leading to increased losses[19] - Cash received from sales of goods and services dropped to 12,189,150,267.11 from 15,505,554,689.79, reflecting a decrease in revenue[33] Shareholder and Investment Information - Subsidiary received minority shareholder investment of 74.23 million RMB[36] - Borrowings received amounted to 7.10 billion RMB, an increase from 6.87 billion RMB in the previous period[36] - Total number of ordinary shareholders at the end of the reporting period was 71,838[38] - China National Chemical Corporation holds 54.29% of the shares, totaling 1.95 billion shares[38] Comprehensive Income and Other Financial Metrics - The weighted average return on equity (ROE) was -1.86%, a decrease of 2.46 percentage points year-over-year[4] - Non-recurring gains and losses amounted to RMB 55.60 million, including government subsidies of RMB 96.39 million[5] - Other comprehensive income that cannot be reclassified to profit or loss was RMB 12.62 million, up from RMB 7.25 million in the previous period[51] - Foreign currency translation differences were a loss of RMB 8.35 million, compared to a gain of RMB 41.43 million in the previous period[51]