协鑫集成(002506) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥2,947,152,942.60, representing an increase of 89.97% compared to ¥1,551,418,294.95 in the same period last year[4] - The net profit attributable to shareholders decreased by 10.18% to ¥24,392,617.24 from ¥27,157,298.86 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥15,507,161.23, down 17.07% from ¥18,698,448.94 in the previous year[4] - Total operating revenue for the current period reached RMB 2,947,152,942.60, a significant increase from RMB 1,551,418,294.95 in the previous period, representing an increase of approximately 90.00%[36] - Total operating costs amounted to RMB 3,024,887,132.27, compared to RMB 1,568,918,574.06 in the previous period, reflecting an increase of about 92.80%[36] - The total comprehensive income for the period was CNY 23.59 million, down from CNY 27.23 million, a decrease of approximately 13.06%[58] - The company reported a net profit of 24,185,653.27, a decrease of 10.9% from 27,004,908.31 in the previous period[72] - The total profit before tax was 43,573,684.25, an increase of 43.9% from 30,240,487.79 in the previous period[72] Cash Flow - The company's cash flow from operating activities decreased by 87.99% to ¥33,474,733.26 compared to ¥278,815,427.96 in the same period last year[18] - Net cash flow from operating activities decreased by 87.99% compared to the same period last year, mainly due to increased procurement payments[40] - The net cash flow from operating activities was 33,474,733.26, a decrease of 88.0% compared to 278,815,427.96 from the previous period[61] - The net cash flow from investing activities decreased by 78.66%, attributed to increased payments for fixed assets and project costs[23] - The net cash flow from investing activities was -302,320,633.55, worsening from -169,211,170.69 in the previous period[61] - Cash inflow from financing activities totaled 752,534,755.72, an increase of 8.9% compared to 690,571,153.65 in the previous period[78] Assets and Liabilities - Total assets increased by 7.47% to ¥20,536,735,138.25 from ¥19,109,368,022.51 at the end of the previous year[18] - Current liabilities rose to CNY 13.21 billion, compared to CNY 11.79 billion, reflecting a growth of about 12.06%[53] - Non-current liabilities decreased slightly to CNY 4.88 billion from CNY 4.90 billion, a decrease of approximately 0.55%[54] - The total liabilities increased to CNY 18.09 billion, up from CNY 16.69 billion, indicating a growth of around 8.43%[54] - The company's total equity amounted to CNY 2.45 billion, a slight increase from CNY 2.42 billion, representing a growth of about 1.07%[54] Expenses - The company's tax and additional fees, sales expenses, and management expenses increased by 120.88%, 264.71%, and 72.89% respectively, due to increased business volume[9] - Research and development expenses increased by 81.19% year-on-year, primarily due to increased investment in battery cell project R&D[38] - Investment income decreased by 155.25% year-on-year, mainly due to losses from associated companies[38] - Income tax expenses surged by 499.21% year-on-year, attributed to an increase in taxable income[38] - The company incurred financial expenses of 53,658,511.77, an increase of 32.6% from 40,419,617.45 in the previous period[71] Shareholder Information - As of March 31, 2024, the controlling shareholder, GCL-Poly Energy Holdings Limited, held 466,030,445 shares, with 100% of these shares pledged[48] - The company intends to repurchase its A-shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million, at a price not exceeding RMB 3.85 per share[46] Inventory - The company's inventory increased by 62.12% compared to the beginning of the period, mainly due to an increase in finished goods[21] - Inventory increased to RMB 2,405,732,342.32 from RMB 1,483,894,278.84 in the previous period, indicating a growth of approximately 62.00%[51]