Yulong Gold(SH:601028)2024-04-16 12:44Financial Performance - The company's operating revenue for Q1 2024 was CNY 380,308,431.49, a decrease of 17.70% compared to the same period last year[3] - The net profit attributable to shareholders was CNY 105,620,578.39, down 26.22% year-on-year[3] - The basic earnings per share decreased by 26.15% to CNY 0.1350[3] - Total operating revenue for Q1 2024 was CNY 380,308,431.49, a decrease of 17.7% compared to CNY 462,106,346.22 in Q1 2023[19] - Net profit for Q1 2024 was CNY 104,158,764.02, a decline of 27.2% from CNY 143,131,242.88 in Q1 2023[20] - Earnings per share for Q1 2024 were CNY 0.1350, compared to CNY 0.1828 in Q1 2023[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,544,261,877.38, a decline of 13.92% from the end of the previous year[4] - As of March 31, 2024, the company's total assets amounted to CNY 8.54 billion, down from CNY 9.93 billion at the end of 2023[15] - Current assets totaled CNY 6.87 billion, a decrease from CNY 8.22 billion at the end of 2023[15] - Total liabilities as of Q1 2024 amounted to CNY 5,130,210,657.94, down from CNY 6,504,921,380.41 in the previous year[17] - Total equity attributable to shareholders was CNY 3,244,015,616.58, slightly decreased from CNY 3,249,481,389.16 in Q1 2023[17] Cash Flow and Financial Activities - Cash flow from operating activities showed a net outflow of CNY 164,111,287.03, which is not applicable for comparison[3] - In Q1 2024, cash inflow from operating activities totaled approximately ¥2.88 billion, a significant increase of 132% compared to ¥1.24 billion in Q1 2023[24] - Cash outflow from operating activities in Q1 2024 was approximately ¥3.04 billion, up from ¥1.01 billion in Q1 2023, resulting in a net cash flow from operating activities of approximately -¥164 million, compared to ¥235 million in the previous year[24] - Cash inflow from financing activities in Q1 2024 reached approximately ¥1.37 billion, compared to ¥234 million in Q1 2023, marking a substantial increase of 485%[25] - The net cash flow from financing activities for Q1 2024 was approximately ¥1.01 billion, compared to ¥161 million in Q1 2023, indicating strong financing performance[25] - The total cash and cash equivalents at the end of Q1 2024 amounted to approximately ¥1.67 billion, up from ¥653 million at the end of Q1 2023, reflecting a growth of 156%[25] Inventory and Expenses - The company reported a significant increase in inventory by 732.54%, attributed to the delivery of goods[6] - The inventory value was reported at CNY 1.50 billion, significantly higher than CNY 179.61 million at the end of 2023[15] - The financial expenses surged by 234.74%, mainly due to increased interest payments[7] - The company’s financial expenses rose to CNY 26,486,160.44 in Q1 2024, compared to CNY 7,912,472.29 in Q1 2023[19] - Payments to employees in Q1 2024 were approximately ¥66.14 million, compared to ¥54.92 million in Q1 2023, representing an increase of 20%[24] - The cash outflow for other operating activities in Q1 2024 was approximately ¥427 million, compared to ¥22.63 million in Q1 2023, showing a significant increase in operational expenditures[24] Government Support and Investments - The company received government subsidies amounting to CNY 3,486,000.00, which positively impacted other income[5] - The company invested approximately ¥57.01 million in Q1 2024, a substantial increase from ¥4.01 million in Q1 2023, indicating a focus on growth and expansion[24] Strategic Focus - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[18] - There are no significant new strategies or product developments mentioned in the report[12] - The company has not reported any changes in major shareholders or their participation in financing activities[11]