Financial Performance - Total operating revenue for the first quarter reached ¥1,515,365,728.50, a 38.1% increase from ¥1,097,143,472.45 in the same period last year[24] - Total operating costs amounted to ¥1,314,369,687.67, up 34.2% from ¥979,617,024.54 year-over-year[24] - Net profit for the period was ¥144,015,466.29, compared to ¥7,975,421.97 in the previous year, reflecting a significant increase[15] - The company reported a total comprehensive income of ¥177,360,959.29, contrasting with a loss of ¥101,529.57 in the prior year[15] - The company's operating revenue for the first quarter of 2024 was CNY 1,515,365,728.50, representing a 38.12% increase compared to CNY 1,097,143,472.45 in the same period last year[34] - The net profit attributable to shareholders for the first quarter of 2024 was CNY 144,015,466.29, a significant increase of 1,705.74% from CNY 7,975,421.97 in the previous year[34] - Basic and diluted earnings per share for the first quarter were both CNY 0.49, a substantial increase of 1,125.00% from CNY 0.04 in the previous year[34] Assets and Liabilities - Total current assets increased to ¥6,662,422,462.95 from ¥6,388,588,268.99, representing a growth of approximately 4.3%[5] - Inventory rose significantly to ¥2,169,714,180.16, up from ¥1,968,046,797.30, indicating an increase of about 10.2%[5] - Fixed assets increased to ¥2,701,202,841.35 from ¥2,208,983,571.44, reflecting a growth of approximately 22.3%[5] - Total assets reached ¥10,198,850,259.86, compared to ¥9,831,100,993.40, marking an increase of around 3.7%[8] - Current liabilities rose to ¥1,313,297,143.36 from ¥1,106,300,032.53, which is an increase of about 18.7%[8] - Total liabilities increased to ¥1,533,387,309.46 from ¥1,311,980,926.26, representing a growth of approximately 16.8%[8] - Owner's equity increased to ¥8,665,462,950.40 from ¥8,519,120,066.14, indicating a rise of about 1.7%[8] - The equity attributable to shareholders at the end of the reporting period was CNY 8,665,462,950.40, up 1.72% from CNY 8,519,120,067.14 at the end of the previous year[34] Cash Flow - Cash and cash equivalents slightly increased to ¥3,764,147,155.33 from ¥3,760,067,194.00, showing a marginal growth[5] - Cash and cash equivalents at the end of the period totaled ¥3,747,769,494.41, slightly down from ¥3,768,823,104.92 at the end of the previous period[17] - The net cash flow from financing activities was ¥176,822,700.85, compared to a negative cash flow of ¥112,526,840.68 in the previous year[17] - The net cash flow from operating activities for the first quarter was -CNY 23,787,999.78, an improvement of 93.36% compared to -CNY 358,151,368.66 in the same period last year[34] - The net cash outflow from investment activities was ¥148,881,789.01, compared to ¥177,663,064.25 in the same period last year[17] Expenses and Taxation - Research and development expenses were ¥15,507,796.66, a slight decrease from ¥16,014,769.68 year-over-year[24] - The company experienced a tax expense of ¥52,671,360.96, significantly higher than ¥665,351.14 in the previous year[15] - Tax and additional charges rose significantly by 86.46% to CNY 42,738,047.96, primarily due to increased mining taxes[46] - Income tax expenses surged by 7816.33% to CNY 52,671,360.96, driven by increased profits[46] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,028[52] - The largest shareholder, Luo Jie, holds 22.43% of the shares, amounting to 66,093,066 shares[52] - The total number of restricted shares at the beginning of the period was 126,833,506, with 2,550 shares added during the period, resulting in a total of 126,836,056 restricted shares at the end of the period[53] - The first batch of 25% of restricted shares for certain executives was released for circulation on September 18, 2023[53] Operational Developments - The company is focusing on expanding its market presence and enhancing product development strategies[47] - As of March 31, 2024, Tengyuan Cobalt Industry Co., Ltd. has completed the debugging of three production lines, achieving an annual production capacity of 60,000 tons of copper and 10,000 tons of cobalt intermediate products[56] Other Financial Metrics - The company reported a significant increase in accounts receivable, which rose to ¥305,888,829.28 from ¥264,299,406.30, reflecting a growth of approximately 15.7%[5] - The deferred income tax assets decreased to ¥50,025,720.95 from ¥57,537,346.58, indicating a decline of about 13.1%[8] - The company reported a foreign exchange impact on cash and cash equivalents of ¥2,804,874.46, contrasting with a negative impact of ¥1,716,234.68 in the previous year[17] - The company recorded a 144.28% increase in contract liabilities, amounting to CNY 66,848,438.79, indicating a rise in advance payments received[42] - Other comprehensive income for the period was CNY 191,570,776.29, compared to CNY 158,225,283.29 in the previous year[28] - The company reported a decrease in cash flow from investing activities, with cash inflow of CNY 43,236.60 compared to CNY 5,511.36 in the previous year[34] - Investment income reported a loss of CNY 2,270,737.20, attributed to increased bank acceptance discount interest[46] - Credit impairment losses increased by 83.18% to CNY -9,395,354.57, due to higher provisions for bad debts on accounts receivable[46] - The company reported a decrease in asset disposal income by 90.69% to CNY -43,236.60, indicating reduced gains from fixed asset disposals[46]
腾远钴业(301219) - 2024 Q1 - 季度财报