Financial Performance - Operating revenue for the first quarter was RMB 5.06 billion, a decrease of 46.41% compared to RMB 9.44 billion in the same period last year[6]. - Net profit attributable to shareholders was a loss of RMB 438.90 million, down 118.31% from a profit of RMB 2.40 billion in the previous year[6]. - Basic and diluted earnings per share were both -RMB 0.22, a decline of 118.49% from RMB 1.19 in the same period last year[6]. - The company experienced a significant decline in lithium product sales prices, impacting overall revenue performance[9]. - The operating profit for the current period was -499,748,139.23, compared to 2,353,962,190.52 in the same period last year, indicating a significant decline[32]. - The net profit attributable to the parent company was -438,901,866.58, down from 2,396,600,665.19 year-over-year[33]. - The total comprehensive income for the current period was -546,732,751.56, compared to 1,836,851,757.06 in the previous year[33]. - The total profit for the current period was -499,783,258.17, compared to 2,353,751,005.50 in the previous year[32]. Cash Flow - Cash flow from operating activities showed a net inflow of RMB 118.86 million, a significant recovery from a net outflow of RMB 3.17 billion in the previous year[6]. - Net cash flow from operating activities improved by 103.75% to ¥118,855,695.01, driven by reduced purchases and tax payments[11]. - Cash inflows from operating activities were 6,144,234,199.45, down from 11,858,634,106.33 year-over-year[34]. - Cash outflows from investing activities totaled 2,296,550,716.83, compared to 3,392,119,004.93 in the previous year, resulting in a net cash flow from investing activities of -2,079,431,243.89[39]. - Cash inflows from financing activities were 5,030,908,940.98, down from 7,097,183,241.00 year-over-year[40]. - The net increase in cash and cash equivalents at the end of the period was 8,921,539,762.30, compared to 7,950,070,822.80 in the previous year[40]. Assets and Liabilities - Total assets as of March 31, 2024, amounted to RMB 95.56 billion, representing a 4.22% increase from RMB 91.70 billion at the end of the previous year[4]. - Total current assets amounted to approximately 25.67 billion RMB, down from 28.18 billion RMB at the beginning of the year, reflecting a decrease of about 5.4%[23]. - Cash and cash equivalents at the end of the reporting period were approximately 9.09 billion RMB, compared to 9.48 billion RMB at the beginning of the year, indicating a decrease of about 4.2%[23]. - Total liabilities increased to ¥41,306,477,399.23 from ¥39,382,038,192.52, marking a rise of about 4.9%[26]. - Long-term employee compensation liabilities increased by 41.12% to RMB 16.12 million, attributed to provisions for long-term employee compensation[9]. Expenses - Total operating costs decreased to ¥4,744,860,206.22 from ¥5,915,014,397.62, a reduction of about 19.8%[29]. - Sales expenses rose by 42.02% to RMB 42.49 million, primarily due to increased sales volume-related costs[9]. - Management expenses surged by 102.27% to RMB 304.85 million, driven by employee stock incentive plan costs and increased management costs due to company expansion[9]. - R&D expenses decreased by 44.67% to ¥216,843,411.11 due to lower material costs influenced by lithium product price drops[10]. - Financial expenses increased by 50.48% to ¥209,405,597.98 primarily due to higher interest expenses and foreign exchange losses[10]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 314,434 for A-shares and 46 for H-shares[12]. - The largest shareholder, HKSCC Nominees Limited, holds 20.00% of shares, totaling 403,512,266[13]. - The second-largest shareholder, Li Liangbin, owns 18.77% with 378,637,819 shares, of which 283,970,864 are pledged[13]. Investments and Agreements - The company plans to acquire up to 5% equity in Mali Lithium B.V. for no more than 20 million, aimed at developing the Pastos Grandes lithium salt lake project in Argentina[21]. Other Information - The first quarter report has not been audited[41]. - The company will implement new accounting standards starting in 2024[41]. - The board of directors includes both executive and independent non-executive members[41]. - The chairman of the board is Li Liangbin[41]. - The announcement was made on April 29, 2024[41]. - The company is based in Jiangxi, China[41]. - The board consists of four executive directors and three independent non-executive directors[41]. - The report does not provide specific financial performance metrics or user data[41]. - There is no mention of future outlook or guidance in the document[41]. - No details on new products, technologies, market expansion, or mergers and acquisitions are provided[41].
赣锋锂业(01772) - 2024 Q1 - 季度业绩