新疆天业(600075) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥2,234,724,572.43, a decrease of 21.29% compared to ¥2,507,128,490.87 in the same period last year[3]. - The net profit attributable to shareholders was -¥173,076,822.14, representing a decline of 44.90% from -¥39,342,228.88 in the previous year[3]. - The net cash flow from operating activities was ¥276,028,852.39, down 34.84% from ¥423,645,774.34 year-on-year[3]. - The basic earnings per share for Q1 2024 was -¥0.10, a decrease of 42.86% compared to -¥0.02 in the same period last year[3]. - The weighted average return on equity was -1.89%, a decrease of 0.89 percentage points from -0.37% year-on-year[3]. - The total profit for Q1 2024 was -160.28 million yuan, a decline of 662.58% from -21.02 million yuan in the same period last year, and a decrease of 15.96% from the adjusted figure of -138.22 million yuan[22]. - The net profit attributable to the parent company in Q1 2024 was -173.08 million yuan, down 339.93% from -39.34 million yuan in the same period last year, and a decrease of 44.90% from the adjusted figure of -119.44 million yuan[22]. - Net profit for Q1 2024 was a loss of CNY 173,065,551.39, compared to a loss of CNY 156,209,731.21 in Q1 2023, representing a 10.8% increase in losses year-over-year[30]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥20,325,458,561.31, a decrease of 3.51% from ¥21,065,468,962.70 at the end of the previous year[4]. - As of March 31, 2024, the company's total assets amounted to 20,325.46 million yuan, down from 21,065.47 million yuan at the end of 2023[26]. - The company's current assets totaled 3,810.89 million yuan as of March 31, 2024, compared to 4,598.76 million yuan at the end of 2023[25]. - The company's total liabilities were 11,238.37 million yuan as of March 31, 2024, down from 11,807.06 million yuan at the end of 2023[26]. - The company's long-term borrowings decreased to 2,663.00 million yuan as of March 31, 2024, from 3,225.30 million yuan at the end of 2023[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 78,074[15]. - The largest shareholder, Xinjiang Tianye (Group) Co., Ltd., holds 693,900,430 shares, accounting for 40.64% of the total shares[15]. - The shareholding of Tianye Group decreased from 770,731,710 shares (45.14%) to 693,900,430 shares (40.64%) due to a transfer of 76,831,280 shares[19]. - The controlling shareholder's subsidiary, Tianyu Rong, has completed the purchase of 8,433,300 shares, representing 0.49% of the total share capital, with an investment of 33,075,544.00 RMB[19]. Production and Capacity - The company has a total PVC production capacity of 1.34 million tons, including 1.14 million tons of general PVC, 100,000 tons of special resin, and 100,000 tons of paste resin[20]. - The company’s production capacity includes 970,000 tons of ion membrane caustic soda and 2×300MW and 2×330MW self-owned power plants[20]. - In Q1 2024, the company produced 21,700 tons of special resin, 26,000 tons of paste resin, 237,100 tons of PVC resin, 177,200 tons of caustic soda, 87,200 tons of cement, 711,400 tons of clinker, 453,200 tons of calcium carbide, and 15,600 tons of acetylene gas[21]. - The company has a complete integrated industrial chain from self-generated electricity to PVC resin and cement production[20]. Research and Development - The company reported a significant decrease in research and development expenses by 61.22%, attributed to lower material and power costs for new product development[12]. - Research and development expenses for Q1 2024 were CNY 16,475,027.77, significantly lower than CNY 42,480,848.62 in Q1 2023, reflecting a 61.2% decrease[29]. Cash Flow - Cash flow from operating activities for Q1 2024 was CNY 276,028,852.39, a decline of 34.8% from CNY 423,645,774.34 in Q1 2023[32]. - Cash flow from investing activities for Q1 2024 was CNY 235,877,721.61, compared to a negative cash flow of CNY 385,979,492.98 in Q1 2023, indicating a significant improvement[32]. - Cash flow from financing activities for Q1 2024 resulted in a net outflow of CNY 592,790,188.27, compared to a net outflow of CNY 377,497,893.26 in Q1 2023[33]. - The ending cash and cash equivalents balance for Q1 2024 was CNY 2,454,952,225.59, down from CNY 4,475,833,165.46 in Q1 2023[33]. Corporate Changes - The board of directors and supervisory board have undergone a restructuring, with new appointments made for key positions[17]. - The company has established a subsidiary in the China (Xinjiang) Pilot Free Trade Zone to expand international trade and logistics operations, with a registered capital of 10 million RMB[17]. - The company completed the acquisition of 100% equity in Tianchen Chemical on April 30, 2023, and adjusted the previous year's data accordingly[22]. Non-Recurring Items - The company reported non-recurring gains of ¥4,835,776.24 for the period, primarily from government subsidies and other non-operating income[10]. - The company reported an investment loss of CNY 15,508,005.11 in Q1 2024, contrasting with an investment gain of CNY 17,474,483.93 in Q1 2023[29].