万年青(000789) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥1,274,953,953.46, a decrease of 34.75% compared to ¥1,953,814,351.04 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥9,360,870.15, representing a decline of 110.17% from a profit of ¥92,042,558.20 in the previous year[5] - Basic earnings per share were -¥0.0117, down 110.15% from ¥0.1153 in the previous year[5] - Net profit for Q1 2024 was a loss of CNY 18,392,946.20, compared to a profit of CNY 142,131,487.32 in Q1 2023[20] - The company reported a gross margin of -0.7% in Q1 2024, compared to 7.2% in Q1 2023[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥47,930,258.69, a significant decrease of 1,028.82% compared to -¥4,246,037.87 in the same period last year[5] - Total cash inflow from operating activities was CNY 1,522,296,019.00, down from CNY 2,127,479,895.86 in the same period last year, reflecting a decrease of approximately 28.5%[22] - Cash outflow from operating activities totaled CNY 1,570,226,277.69, compared to CNY 2,131,725,933.73 in Q1 2023, representing a decrease of about 26.4%[22] - The ending cash and cash equivalents balance was CNY 3,150,314,939.02, a decrease from CNY 3,335,002,390.72 at the end of Q1 2023[23] - The company’s cash and cash equivalents decreased by CNY 154,490,485.96 in Q1 2024, compared to a decrease of CNY 464,483,355.43 in Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥16,535,047,740.20, a decrease of 2.74% from ¥17,000,406,894.99 at the end of the previous year[5] - Total liabilities decreased to CNY 6,146,900,801.19 from CNY 6,612,173,243.54, a reduction of 7.0%[18] - The company’s equity attributable to shareholders increased slightly to CNY 6,983,498,755.32 from CNY 6,978,913,582.45[18] Research and Development - Research and development expenses increased by 191.41% to ¥19,961,859.12, compared to ¥6,850,081.70 in the same period last year, indicating a focus on innovation[8] - Research and development expenses increased to CNY 19,961,859.12, up 191.5% from CNY 6,850,081.70 in the previous year[19] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 50,511[11] - Jiangxi Cement Co., Ltd. holds 43.58% of the shares, amounting to 347,480,004 shares[11] - The top 10 shareholders hold a combined total of 99.99% of the shares, indicating a high concentration of ownership[11] - The company has a total of 0 preferred shareholders at the end of the reporting period[11] Operational Performance - Total operating revenue for Q1 2024 was CNY 1,274,953,953.46, a decrease of 34.7% compared to CNY 1,953,814,351.04 in the same period last year[19] - Total operating costs for Q1 2024 were CNY 1,283,805,597.31, down 28.4% from CNY 1,791,133,202.67 year-on-year[19] - Cash received from sales of goods and services was CNY 1,403,408,301.85, a decrease of 29.0% from CNY 1,975,480,704.50 in the same period last year[21] Investment Activities - The company reported a significant increase in long-term equity investments, rising by 2,496.36% to ¥22,357,338.01 due to increased investment in WanHua Environmental[8] - Long-term equity investments increased significantly from ¥861,103.92 to ¥22.36 million, showing a substantial growth[16] - The net cash flow from investing activities was -CNY 61,550,087.66, an improvement from -CNY 224,266,355.23 year-over-year[22] - Cash inflow from investing activities was CNY 58,596,051.97, significantly higher than CNY 3,013,289.58 in Q1 2023[22] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[9] - The company has not reported any new product or technology developments in this quarter[12] - There are no significant changes in the shareholding structure due to margin trading activities among the top shareholders[13] - The company experienced a 328.17% decline in fair value gains, reporting -¥11,955,182.70 compared to a gain of ¥5,239,500.97 in the previous year[8]