湖南裕能(301358) - 2024 Q1 - 季度财报

Revenue and Profit - The company's revenue for Q1 2024 was ¥4,520,109,354.29, a decrease of 65.69% compared to ¥13,175,600,429.77 in the same period last year[4] - Net profit attributable to shareholders was ¥158,663,275.86, down 43.56% from ¥281,135,250.41 year-on-year[4] - The company reported a net profit margin of approximately 3.5% for Q1 2024, compared to a significantly higher margin in the previous year[17] - The net profit for Q1 2024 was CNY 158,709,532.25, a decrease of 43.5% compared to CNY 281,123,736.64 in the same period last year[18] - Operating profit for Q1 2024 was CNY 194,210,143.32, down 42.7% from CNY 339,682,306.66 year-over-year[18] - The total comprehensive income for Q1 2024 was CNY 163,397,361.30, compared to CNY 281,123,736.64 in the previous year, reflecting a significant decline[19] Operating Costs and Cash Flow - The company experienced a 66.50% reduction in operating costs, amounting to ¥4,180,679,184.82, compared to ¥12,480,740,125.63 in the previous year[8] - The net cash flow from operating activities improved significantly, with a net outflow of ¥97,027,159.32, a 91.57% reduction from the previous year's outflow of ¥1,151,321,359.93[8] - The company reported a cash flow from operating activities of CNY -97,027,159.32, an improvement from CNY -1,151,321,359.93 in the previous year[20] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥26,149,463,244.95, a decrease of 2.41% from ¥26,794,644,913.16 at the end of the previous year[4] - Total liabilities decreased to CNY 14,670,079,618.04 from CNY 15,478,861,790.09, a reduction of about 5.2%[16] - Long-term borrowings increased to CNY 3,532,852,902.75 from CNY 2,600,779,056.89, reflecting a rise of about 35.7%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,777, with the largest shareholder, Xiangtan Electric Chemical Group Co., holding 10.11% of shares[9] - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder, Shanghai Jinseng New Materials Technology Co., owning 7.93%[9] - The company has a total of 250,858,406 shares that became tradable on February 19, 2024, representing 33.13% of the total share capital[13] - As of the end of the reporting period, the total number of restricted shares is 373,819,924, with 250,913,906 shares released from restrictions during the period[12] - The company has 76,566,514 shares held by Xiangtan Electric Chemical Group, which are subject to a lock-up period until February 9, 2026[11] - The largest shareholder's pledged shares amount to 43,283,250, indicating a significant level of leverage[9] - The company has a diverse shareholder base, with significant stakes held by both state-owned and private entities[9] Investment and Financing Activities - The net cash flow from investment activities was -389,498,943.75 CNY, a decrease from -574,430,459.43 CNY in the previous year[21] - Total cash inflow from financing activities was 1,726,453,180.65 CNY, compared to 6,069,773,877.12 CNY in the same period last year[21] - The net cash flow from financing activities was 781,775,117.73 CNY, down from 4,676,551,601.05 CNY year-over-year[21] - The company incurred 908,361,350.00 CNY in cash payments for debt repayment, compared to 1,298,000,000.00 CNY last year[21] Other Financial Metrics - The company reported a significant increase in prepayments, totaling ¥517,312,250.60, up 503.97% from ¥85,652,344.64, primarily due to increased prepayments for lithium carbonate[7] - Research and development expenses decreased to CNY 38,427,923.83 from CNY 49,360,290.87, a reduction of 22.1%[18] - Financial expenses were reduced to CNY 40,028,618.74 from CNY 64,376,969.86, a decrease of 37.9%[18] - The tax expense for Q1 2024 was CNY 35,838,987.06, down from CNY 57,449,334.13, a decrease of 37.5%[18] Accounting and Reporting - The company has not yet adopted the new accounting standards as of the first quarter of 2024[22] - The first quarter report was not audited, indicating preliminary financial results[22]