JCCL(600362)2024-04-26 08:38Financial Performance - The company's operating revenue for Q1 2024 was RMB 122.52 billion, a decrease of 4.08% compared to the same period last year[2]. - Net profit attributable to shareholders was RMB 1.71 billion, down 2.29% year-on-year[2]. - The net profit excluding non-recurring gains and losses increased by 6.47% to RMB 1.81 billion[2]. - Total operating revenue for Q1 2024 was CNY 122.52 billion, a decrease of 4.8% from CNY 127.73 billion in Q1 2023[15]. - Net profit for Q1 2024 was CNY 1.80 billion, an increase of 2.0% compared to CNY 1.76 billion in Q1 2023[17]. - Earnings attributable to shareholders of the parent company for Q1 2024 were CNY 1.71 billion, a decrease of 2.4% from CNY 1.76 billion in Q1 2023[17]. - Other comprehensive income after tax for Q1 2024 was CNY 2.87 billion, compared to CNY 1.71 billion in Q1 2023, an increase of 68.3%[17]. - The total comprehensive income for Q1 2024 was CNY 4.67 billion, an increase of 34.4% from CNY 3.47 billion in Q1 2023[17]. Cash Flow and Investments - The net cash flow from operating activities was negative at RMB -6.07 billion, a decline of 51.54% due to increased inventory and prepaid accounts[6]. - In Q1 2024, the cash inflow from operating activities was CNY 146.95 billion, a slight decrease of 0.48% compared to CNY 147.66 billion in Q1 2023[18]. - The net cash outflow from operating activities was CNY -6.07 billion, worsening from CNY -4.00 billion in the same period last year[18]. - Cash inflow from investment activities totaled CNY 5.97 billion, up from CNY 3.06 billion in Q1 2023, marking an increase of 95.5%[19]. - The net cash outflow from investment activities was CNY -2.76 billion, compared to CNY -2.53 billion in Q1 2023[19]. - Cash inflow from financing activities was CNY 17.64 billion, down 22.3% from CNY 22.68 billion in Q1 2023[19]. - The net cash inflow from financing activities was CNY 3.06 billion, a significant decrease from CNY 7.17 billion in the previous year[19]. - The ending cash and cash equivalents balance was CNY 13.76 billion, down from CNY 15.09 billion at the end of Q1 2023[19]. - The company received CNY 5.78 billion from investment recoveries, significantly higher than CNY 2.93 billion in Q1 2023[19]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 194.84 billion, an increase of 15.87% from the end of the previous year[3]. - The total liabilities as of March 31, 2024, were RMB 91,484,292,168, up from RMB 70,296,030,842, indicating an increase of approximately 30.1%[13]. - The company's total assets reached RMB 194,835,394,983, compared to RMB 168,150,905,428 at the end of 2023, marking an increase of around 15.9%[13]. - The company's long-term borrowings increased to RMB 15,481,653,797 from RMB 13,589,186,121, reflecting a rise of approximately 13.9%[13]. - Total liabilities increased to CNY 113.43 billion in Q1 2024, compared to CNY 91.40 billion in Q1 2023, reflecting a growth of 24.1%[16]. - Total equity increased to CNY 81.40 billion in Q1 2024, up from CNY 76.75 billion in Q1 2023, representing a growth of 6.9%[16]. Shareholder Information - Shareholders' equity attributable to the parent company was RMB 71.97 billion, up 6.75% year-on-year[3]. - The top ten shareholders held a total of 1.51 billion shares, representing 43.72% of the total shares[7]. - Jiangxi Copper Group Co., Ltd. remains the largest shareholder with a 43.72% stake[7]. Expenses and Other Financial Metrics - The company reported a non-recurring loss of RMB 91.46 million after tax, primarily due to various non-operating expenses[5]. - Research and development expenses increased to CNY 272.21 million in Q1 2024, up 70.1% from CNY 159.88 million in Q1 2023[16]. - The company paid CNY 1.73 billion to employees, an increase from CNY 1.69 billion in the same quarter last year[18]. - The company reported a decrease in tax payments to CNY 2.30 billion from CNY 2.79 billion in Q1 2023[18].