兰花科创(600123) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,262,082,891.30, representing a decrease of 25.03% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 134,909,191.17, down 82.55% year-on-year[5]. - The basic earnings per share were CNY 0.0908, reflecting an 82.55% decrease from the same period last year[5]. - Net profit for Q1 2024 was CNY 78,980,549.08, down 89.9% from CNY 779,699,158.27 in Q1 2023[27]. - Operating profit for Q1 2024 was CNY 207,174,724.16, a decline of 79.8% from CNY 1,024,325,158.08 in Q1 2023[27]. - Total profit decreased by 79.83%, primarily due to the same reason of declining product prices[7]. - Total comprehensive income for Q1 2024 was CNY 78,980,549.08, significantly lower than CNY 779,699,158.27 in Q1 2023[31]. Cash Flow - The net cash flow from operating activities was CNY 537,769,866.48, a decline of 47.88% compared to the previous year[5]. - Cash flow from operating activities for Q1 2024 was CNY 537,769,866.48, a decrease of 47.9% compared to CNY 1,031,867,771.55 in Q1 2023[34]. - In Q1 2024, the company reported cash inflows from operating activities of CNY 1,666,842,753.89, a decrease of 39.5% compared to CNY 2,757,696,609.26 in Q1 2023[52]. - The net cash flow from operating activities for Q1 2024 was CNY 386,909,036.61, down 56.7% from CNY 894,180,890.54 in the same period last year[52]. - The company’s cash flow from operating activities was impacted by increased payments to employees, which rose to CNY 376,959,684.88 in Q1 2024 from CNY 324,851,137.92 in Q1 2023[52]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 31,606,516,016.51, an increase of 2.16% from the end of the previous year[5]. - Total liabilities reached RMB 15,948,574,410.84, compared to RMB 14,259,022,244.50 at the end of 2023, indicating an increase of about 11.85%[23]. - The company's total current liabilities rose to CNY 7,794,870,406.16, an increase of 24.3% from CNY 6,268,142,453.55 at the end of 2023[42]. - The total equity attributable to shareholders decreased to RMB 15,662,401,565.37 from RMB 16,642,667,165.52, a decline of about 5.88%[23]. - The total liabilities increased to CNY 13,909,284,243.42 as of March 31, 2024, compared to CNY 12,301,700,835.61 at the end of 2023, reflecting a rise of approximately 13.1%[42]. Inventory and Borrowings - The company reported a significant increase in inventory by 62.33%, primarily due to higher coal and chemical product stock levels[7]. - Short-term borrowings increased by 53.85%, mainly due to an increase in bank loans[7]. - Short-term borrowings rose to RMB 3,141,044,442.99 from RMB 2,041,631,068.00, an increase of approximately 54%[20]. - The company's inventory increased significantly to RMB 868,014,038.11 from RMB 534,709,990.46, marking a rise of approximately 62.5%[20]. - The company raised CNY 2,000,000,000.00 through borrowings in Q1 2024, down 22.9% from CNY 2,595,500,000.00 in Q1 2023[52]. Research and Development - Research and development expenses for Q1 2024 were CNY 8,771,576.54, down 13.9% from CNY 10,189,900.33 in Q1 2023[27]. - Research and development expenses for Q1 2024 were CNY 7,475,710.61, down 26.0% from CNY 10,095,468.50 in Q1 2023[46].