华友钴业(603799) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥14,962,649,257.31, representing a decrease of 21.70% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥522,415,394.16, down 48.99% year-over-year, primarily due to falling metal prices and increased financing costs[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥567,830,428.67, a decrease of 42.97% compared to the previous year[5]. - The basic and diluted earnings per share were both ¥0.33, representing a decline of 48.44% year-over-year[5]. - Net profit for Q1 2024 was ¥590,098,645.98, a decline of 61.1% from ¥1,517,071,573.82 in Q1 2023[25]. - Operating profit for Q1 2024 was ¥635,027,797.66, down 63.1% from ¥1,720,523,238.44 in Q1 2023[25]. - In Q1 2024, the total comprehensive income amounted to CNY 771,313,678.91, a decrease of 53.3% compared to CNY 1,651,053,815.71 in Q1 2023[26]. - Basic and diluted earnings per share for Q1 2024 were CNY 0.33, down from CNY 0.64 in Q1 2023, reflecting a decline of 48.4%[26]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 14.29% to ¥929,046,306.48, mainly due to reduced cash tied up in inventory[10]. - Cash inflows from operating activities totaled CNY 17,605,351,810.00 in Q1 2024, a decrease of 12.2% from CNY 20,068,065,384.95 in Q1 2023[27]. - The net cash flow from operating activities was CNY 929,046,306.48, an increase of 14.3% compared to CNY 812,858,791.98 in Q1 2023[29]. - Cash outflows from investing activities were CNY 4,353,462,701.63, down from CNY 5,916,701,182.39 in Q1 2023, indicating a reduction of 26.4%[29]. - The net cash flow from financing activities was CNY 3,578,366,536.60, a decrease of 39.0% compared to CNY 5,871,405,571.61 in Q1 2023[31]. - The ending balance of cash and cash equivalents increased to CNY 11,973,324,398.83, up from CNY 10,301,339,950.99 in Q1 2023, reflecting a growth of 16.2%[31]. - The company reported a cash inflow of CNY 1,074,851,699.35 from other investment-related activities, significantly up from CNY 496,962,686.32 in Q1 2023, marking a growth of 116.5%[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥129,157,238,443.42, reflecting a 2.90% increase from the end of the previous year[7]. - Total liabilities amounted to ¥83,403,289,185.13, up from ¥80,786,921,353.39 in the previous period[21]. - Total equity increased to ¥45,753,949,258.29 from ¥44,733,355,987.39[21]. - Long-term borrowings as of the end of the reporting period were ¥19,618,354,362.17, compared to ¥18,900,325,508.81 previously[21]. - The company's total accounts receivable stood at RMB 7.10 billion, down from RMB 7.98 billion in the previous period[18]. - Inventory decreased to RMB 12.93 billion from RMB 15.76 billion, indicating a reduction in stock levels[18]. - The company's derivative financial assets were valued at RMB 1.27 billion, a decrease from RMB 1.40 billion[18]. - The total amount of prepayments was RMB 1.44 billion, down from RMB 1.81 billion[18]. - The company reported a total of RMB 2.75 billion in receivables financing, an increase from RMB 2.43 billion[18]. Shareholder Information - The number of shares held by the top 10 shareholders includes 260.31 million shares (15.22%) held by Huayou Holding Group[15]. - The company has a total of 21.85 million shares (1.28%) held in a repurchase account[15]. - The top shareholder, Huayou Holding Group, has pledged 182.12 million shares[15]. - The company has no significant changes in the shareholding structure due to the transfer of shares among major shareholders[17]. Operational Efficiency - The company is focusing on improving operational efficiency and managing costs in response to market challenges[10]. - The company reported a decrease in the cash flow due to the impact of inventory management strategies[10]. - Research and development expenses for Q1 2024 were ¥243,274,509.27, a decrease of 40.2% compared to ¥407,449,373.71 in Q1 2023[24]. - Total operating costs for Q1 2024 were ¥14,605,104,806.96, down 18.1% from ¥17,854,099,082.24 in Q1 2023[24].