TCL中环(002129) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥9,932,912,733.39, a decrease of 43.62% compared to ¥17,618,702,733.57 in the same period last year[5] - The net profit attributable to shareholders was -¥879,837,473.89, representing a decline of 139.05% from ¥2,253,144,621.35 in the previous year[5] - Basic earnings per share were -¥0.2227, a decrease of 139.77% compared to ¥0.7008 in the same period last year[5] - Net loss for Q1 2024 was CNY 951.11 million, compared to a net profit of CNY 2.46 billion in Q1 2023, representing a significant decline[37] - The company's equity attributable to shareholders decreased to CNY 40.58 billion from CNY 41.48 billion year-over-year[35] Cash Flow - The operating cash flow net amount was ¥300,098,537.62, down 71.11% from ¥1,038,805,182.29 year-on-year[5] - The net cash flow from operating activities for Q1 2024 was ¥300,098,537.62, a decrease of 71.2% compared to ¥1,038,805,182.29 in Q1 2023[40] - The net cash flow from financing activities was -¥246,828,828.29, contrasting with a positive net cash flow of ¥2,078,883,854.72 in Q1 2023[40] - The ending balance of cash and cash equivalents was ¥7,245,100,130.17, down from ¥11,412,446,302.39 at the end of Q1 2023[40] - Total cash inflow from investment activities was ¥9,229,120,581.38, down from ¥12,087,156,507.81 in the previous year, reflecting a decline of 23.5%[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥124,932,822,917.48, a slight decrease of 0.10% from ¥125,063,043,317.18 at the end of the previous year[5] - Total liabilities increased to CNY 65.67 billion in Q1 2024 from CNY 64.83 billion in the previous quarter[35] - The company's non-current assets totaled approximately RMB 81.5 billion as of March 31, 2024[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 279,736[16] - TCL Technology Group (Tianjin) Co., Ltd. holds 27.36% of shares, amounting to 1,106,278,267 shares[16] - The top 10 shareholders account for significant portions of the total shareholding, with TCL Technology Group (Tianjin) Co., Ltd. being the largest[16] - The report indicates that there were no changes in the number of shares held by the top shareholders due to margin trading activities[19] Research and Development - Research and development expenses for the period were ¥246,877,790.07, a significant decrease of 75.74% compared to the previous year[10] - Research and development expenses for Q1 2024 were CNY 246.88 million, significantly lower than CNY 1.02 billion in the same period last year, indicating a strategic shift[36] Market Performance - The company's sales volume of photovoltaic materials was approximately 34.95GW, representing a year-on-year growth of 40%[24] - The export volume of photovoltaic modules in Q1 2024 was 59.85GW, an increase of 27.4% year-on-year[23] - The company's photovoltaic module shipments reached 1.6GW in Q1 2024, reflecting a year-on-year growth of about 16.8%[24] - The company's N-type and large-size (210 series) products accounted for 88% of total shipments, with N-type 210 export market share exceeding 90%[24] Strategic Initiatives - The company has initiated a share repurchase plan with a total amount not less than RMB 500 million and not exceeding RMB 1 billion[27] - The company aims to enhance its core competitive advantages and global layout through the "Quality and Return Dual Improvement" action plan[29] Tax and Financing - The company reported a 60.2% increase in taxes payable, amounting to ¥431,773,156.26, primarily due to an increase in value-added tax[9] - The net cash flow from financing activities was -¥246,828,828.29, an increase of 111.87% compared to the same period last year, mainly due to a reduction in loans obtained[12] General Information - The report does not indicate any new strategies or product developments during the quarter[22] - There is no information on future outlook or performance guidance provided in the report[22] - The company did not undergo an audit for the Q1 2024 report[41]