锡业股份(000960) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥8,399,442,096.28, a decrease of 24.47% compared to ¥11,120,939,959.77 in the same period last year[3] - Net profit attributable to shareholders for Q1 2024 was ¥326,255,352.66, an increase of 22.09% from ¥267,233,238.52 in Q1 2023[3] - The basic earnings per share for Q1 2024 was ¥0.1982, reflecting a growth of 22.04% compared to ¥0.1624 in the previous year[3] - The total operating costs for Q1 2024 were CNY 8,003,825,368.43, down 26.0% from CNY 10,799,692,804.23 in Q1 2023[21] - The net profit for the current period is CNY 346,764,914.25, an increase of 25.7% compared to CNY 275,857,668.59 in the previous period[22] - The operating profit for the current period is CNY 431,415,869.98, up from CNY 349,091,015.10, reflecting a growth of 23.6%[22] - The total profit for the current period is CNY 433,004,593.56, compared to CNY 353,779,228.72 in the previous period, marking an increase of 22.4%[22] - The basic and diluted earnings per share for the current period are both CNY 0.1982, up from CNY 0.1624 in the previous period, representing a growth of 22.0%[23] Cash Flow and Liquidity - The net cash flow from operating activities for Q1 2024 increased by 23.62% to ¥1,068,726,749.35 from ¥864,524,661.10 in Q1 2023[3] - The net increase in cash and cash equivalents was down by 58.50% to 364.90 million yuan, primarily due to reduced cash flow from financing activities[10] - Cash flow from operating activities for the current period is CNY 9,731,346,583.36, down from CNY 12,052,674,566.72, a decrease of 19.5%[24] - Cash flow from investing activities shows a net outflow of CNY 154,170,315.26, compared to a net outflow of CNY 129,426,401.66 in the previous period[25] - Cash flow from financing activities resulted in a net outflow of CNY 546,037,928.08, contrasting with a net inflow of CNY 147,973,796.62 in the previous period[25] - The cash and cash equivalents at the end of the period amount to CNY 2,110,441,698.95, down from CNY 2,972,047,010.42[25] Assets and Liabilities - The company's total assets at the end of Q1 2024 were ¥36,884,362,505.10, a slight decrease of 0.48% from ¥37,060,492,851.29 at the end of the previous year[3] - The total liabilities decreased to CNY 17,734,233,627.42 at the end of Q1 2024, compared to CNY 18,250,417,926.44 at the beginning of the period, a reduction of 2.8%[20] - The company's inventory at the end of Q1 2024 was CNY 6,082,810,835.51, down 6.0% from CNY 6,468,359,625.90 at the beginning of the period[18] - The company's long-term equity investments increased slightly to CNY 1,169,724,182.58 at the end of Q1 2024, compared to CNY 1,166,859,979.71 at the beginning of the period[19] Research and Development - The company's R&D expenses for Q1 2024 increased by 151.71% to ¥68,936,794.82 compared to ¥27,387,210.01 in Q1 2023[8] - The company's R&D expenses increased to CNY 68,936,794.82 in Q1 2024, compared to CNY 27,387,210.01 in Q1 2023, reflecting a growth of 151.5%[21] Market and Strategic Focus - The company is focusing on market opportunities in the metals sector, with an emphasis on refined management and lean production to enhance overall performance[14] - In Q1 2024, the company achieved a total production of non-ferrous metals of 90,700 tons, including 22,400 tons of tin and 34,700 tons of copper, reflecting a strategic focus on enhancing production efficiency[14] Government Support and Recognition - The company received government subsidies amounting to ¥31,556,009.54 during the reporting period[4] - The company was recognized as a "National High-tech Enterprise" in March 2024, enhancing its market position and innovation capabilities[17] Shareholder Information - The company's weighted average return on equity rose to 1.82%, an increase of 0.21 percentage points from 1.61% in the previous year[3] - The company reported a significant increase in minority shareholders' profit by 137.81% year-on-year, amounting to 20.51 million yuan[9] Other Financial Metrics - The company reported a foreign exchange loss of CNY 3,622,409.95 during the current period[25] - The total comprehensive income attributable to the parent company is CNY 287,365,359.16, down from CNY 397,467,648.19, indicating a decline of 27.7%[22] - The company's contract liabilities increased significantly by 467.69% to ¥430,616,084.25 from ¥75,853,852.38 in the previous year[7] - The company reported a decrease in sales expenses by 38.12% to ¥15,121,063.30 compared to ¥24,434,352.70 in the same period last year[8]