BGRIMMTEC(SH:600980)2024-04-24 09:41Financial Performance - The company's operating revenue for Q1 2024 was CNY 201,622,895.21, representing a decrease of 4.57% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 19,643,388.65, down 14.00% year-on-year[6]. - The basic and diluted earnings per share were both CNY 0.1038, a decline of 14.00% compared to the previous year[6]. - Total operating revenue for Q1 2024 was ¥201,622,895.21, a decrease of 4.1% compared to ¥211,272,869.34 in Q1 2023[22]. - Net profit for Q1 2024 was ¥19,603,181.91, a decline of 13.6% from ¥22,782,342.55 in Q1 2023[23]. - Total profit for Q1 2024 was ¥25,111,499.22, down 9.9% from ¥27,666,311.75 in Q1 2023[23]. Cash Flow - The net cash flow from operating activities increased significantly by 159.19%, amounting to CNY 28,967,618.23, due to higher cash receipts from sales[6][8]. - Cash flow from operating activities for Q1 2024 was ¥28,967,618.23, compared to a negative cash flow of -¥48,941,022.63 in Q1 2023[25]. - The company reported a net cash outflow from investing activities of -¥2,160,869.32 in Q1 2024, compared to -¥35,058,365.70 in Q1 2023[26]. - The net cash flow from financing activities was 4,391,192.78 RMB in Q1 2024, compared to -9,959,527.13 RMB in Q1 2023, reflecting a positive shift in financing[34]. - The company received 5,038,196.44 RMB in cash related to operating activities in Q1 2024, an increase from 3,991,983.76 RMB in Q1 2023[33]. Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 2,384,219,457.06, reflecting a growth of 5.24% from the end of the previous year[7]. - The total current assets as of March 31, 2024, amounted to CNY 1,692,893,674.67, an increase from CNY 1,569,517,209.41 as of December 31, 2023, representing an increase of approximately 7.85%[19]. - The total liabilities increased to CNY 1,060,842,066.13 as of March 31, 2024, from CNY 962,219,419.73 at the end of 2023, reflecting an increase of approximately 10.26%[20]. - The total owner's equity decreased to CNY 980,787,341.72 from CNY 982,861,527.30, a reduction of approximately 0.2%[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,296[11]. - The largest shareholder, Minmetals Technology Group Co., Ltd., held 47.53% of the shares, totaling 89,965,774 shares[11]. - The company reported a total equity attributable to shareholders of CNY 1,319,192,086.12, an increase of 1.55% from the previous year[7]. Research and Development - R&D expenses increased significantly to ¥12,033,338.50 in Q1 2024, up 63.5% from ¥7,372,028.87 in Q1 2023[22]. - Research and development expenses for the first quarter of 2024 were CNY 270,302.01, with no comparable figure provided for 2023[32]. Investments and Projects - The company approved a total investment of CNY 45.9632 million for the second phase of the high-efficiency and energy-saving non-ferrous metal smelting equipment industrialization project, with a construction period of 1.5 years and a production period of 6 months[13]. - The company plans to expand its market presence through the development of intelligent equipment and hydrometallurgical equipment in the new industrialization project[13]. - The company has completed the business registration change for Zhuzhou Torch, reflecting its commitment to enhancing operational capacity and efficiency[16].