君正集团(601216) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 5,197,619,612.68, representing a year-on-year increase of 1.99%[4] - The net profit attributable to shareholders of the listed company was CNY 712,369,536.60, a decrease of 14.19% compared to the same period last year[4] - The basic and diluted earnings per share were both CNY 0.0844, down 14.23% from the previous year[4] - The weighted average return on equity was 2.61%, a decrease of 0.57 percentage points compared to the previous year[4] - The net profit for Q1 2024 was approximately ¥733.65 million, down from ¥858.67 million in Q1 2023, reflecting a decrease of about 14.6%[26] - In Q1 2024, the company reported a total comprehensive income of CNY 722,528,285.66, compared to CNY 796,256,148.86 in Q1 2023, reflecting a decrease of approximately 9.2%[27] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -145,810,512.47, reflecting a significant decrease of 194.16% year-on-year due to increased cash payments for raw material purchases[4][9] - The net cash flow from operating activities was negative at CNY -145,810,512.47 in Q1 2024, a significant decline from CNY 154,852,301.90 in Q1 2023[29] - The company generated CNY 3,896,971,208.28 in cash from sales of goods and services, an increase of 10.1% from CNY 3,538,666,691.57 in the same period last year[28] - The total cash outflow from investing activities was CNY 1,852,944,152.68, down from CNY 3,446,260,856.83 in Q1 2023, indicating a reduction of 46.3%[30] - The net cash flow from financing activities was CNY 134,248,692.14, a turnaround from a negative cash flow of CNY -161,290,760.57 in Q1 2023[30] - The total cash and cash equivalents at the end of Q1 2024 stood at CNY 3,607,542,003.95, down from CNY 3,882,460,319.25 at the end of Q1 2023[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 40,439,581,874.92, an increase of 0.66% from the end of the previous year[4] - The company's total liabilities as of Q1 2024 amounted to approximately ¥12.05 billion, a decrease from ¥12.56 billion in the previous year[22] - The total assets of the company as of Q1 2024 were approximately ¥40.44 billion, compared to ¥40.17 billion in Q1 2023, reflecting a growth of about 0.7%[22] - The total current assets as of March 31, 2024, amount to RMB 7,449,972,326.73, a decrease from RMB 7,647,811,121.56 at the end of 2023[19] Shareholder Information - Shareholders' equity attributable to the listed company was CNY 27,683,752,395.42, up 2.78% from the previous year[4] - The total equity attributable to shareholders reached approximately ¥27.68 billion in Q1 2024, compared to ¥26.93 billion in Q1 2023, showing an increase of about 2.8%[22] - The total number of ordinary shareholders at the end of the reporting period was 192,508[10] - The largest shareholder, Du Jiangtao, holds 2,695,680,000 shares, representing 31.95% of the total shares[10] Operational Highlights - The company has completed the construction of several projects, including an annual production capacity of 600,000 tons of BDO and 1,000,000 tons of PBAT/PBS/PBT/PTMEG, which are now in trial production[15] - The company has engaged in technology upgrades for its calcium carbide production capacity replacement project[15] - The company has a long-term equity investment valued at RMB 4,295,836,586.77 as of March 31, 2024[19] Research and Development - Research and development expenses for Q1 2024 were approximately ¥69.47 million, slightly down from ¥70.15 million in Q1 2023[24] Other Financial Metrics - Non-recurring gains and losses amounted to CNY -36,620,324.81, primarily due to various non-operating expenses[7] - The company reported a financial income of approximately ¥54.57 million in Q1 2024, significantly up from ¥26.90 million in Q1 2023, marking an increase of about 102.4%[24] - The company’s other comprehensive income after tax for Q1 2024 was approximately -¥11.12 million, compared to -¥62.41 million in Q1 2023, indicating an improvement[26] - The company experienced a foreign exchange loss of CNY -8,103,916.74 in Q1 2024, compared to a loss of CNY -15,236,240.44 in Q1 2023, indicating an improvement[30]