凌云B股(900957) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 18,084,673.29, representing a decrease of 40.79% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 107,477.31, down 98.77% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 103,372.70, a decline of 98.82% compared to the previous year[4] - Basic and diluted earnings per share were both CNY 0.0003, reflecting a decrease of 98.77% year-on-year[4] - Total operating revenue for Q1 2024 was ¥18,084,673.29, a decrease of 40.7% compared to ¥30,541,232.85 in Q1 2023[17] - Net profit for Q1 2024 was ¥106,883.75, a significant decline from ¥8,720,130.76 in Q1 2023[18] - The company reported a net cash flow from operating activities of -¥5,600,304.96 in Q1 2024, compared to -¥4,760,774.12 in Q1 2023[20] - Basic and diluted earnings per share for Q1 2024 were both ¥0.0003, down from ¥0.0250 in Q1 2023[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -5,600,304.96, an increase of 17.63% compared to the same period last year[4] - The company's cash and cash equivalents decreased to CNY 22,965,798.04 from CNY 48,601,972.36, indicating a significant cash flow shortage[12] - Cash and cash equivalents at the end of Q1 2024 were ¥22,448,598.04, down from ¥46,157,494.00 at the end of Q1 2023[20] - The ending cash and cash equivalents balance for Q1 2024 was $747,941.16, compared to $238,606.94 in Q1 2023, marking an increase of about 213.5%[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,052,234,361.26, down 1.17% from the end of the previous year[5] - The company's total assets amounted to CNY 1,052,234,361.26, a decrease from CNY 1,064,702,668.82 at the end of 2023[12] - The total liabilities and equity amounted to ¥1,052,234,361.26 as of March 31, 2024[15] - The total current assets reached CNY 1,394,511.16, up from CNY 1,170,204.33 in the previous period, indicating a growth of approximately 19.2%[22] - The total liabilities as of March 31, 2024, were CNY 99,864,005.91, compared to CNY 99,485,190.32 at the end of 2023, showing a slight increase of about 0.4%[23] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 606,454,984.28, showing a slight increase of 0.0177% compared to the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 21,303[8] Market and Operational Challenges - The significant decline in revenue and profit was attributed to lower market prices, restrictions on electricity transmission channels, and seasonal weather impacts[7] - The company's operating revenue and net profit saw a substantial decline due to seasonal weather impacts and regulatory changes affecting solar power generation[10] - The company is facing increased competition in the renewable energy sector due to new regulations and market dynamics[10] - The implementation of time-of-use pricing in Gansu Province has set the upper limit for market trading electricity prices at CNY 0.153 per kWh[10] Investment and Financing - The company reported a cash flow crisis, with a total of CNY 3.64 billion in accounts receivable related to renewable energy subsidies[10] - Long-term borrowings increased to CNY 427,060,000.00 from CNY 422,088,121.00, reflecting ongoing financing needs[14] - The company incurred financial expenses of ¥4,257,994.35 in Q1 2024, a decrease from ¥5,530,720.34 in Q1 2023[17] Miscellaneous - The company did not report any cash inflows or outflows related to investment and financing activities in the provided data[28] - The company has not adopted new accounting standards or interpretations for the year 2024[29]