Mtalco(SH:601677)2024-04-26 12:04Financial Performance - Net profit attributable to shareholders increased by 2.35% to CNY 361,982,656.69[19] - Operating revenue for the first quarter reached CNY 7,185,389,200.20, representing a growth of 17.92% year-on-year[19] - The company reported a decrease of 3.39% in net profit after deducting non-recurring gains and losses, amounting to CNY 267,230,171.82[19] - Net profit for the period was ¥362,565,751.98, compared to ¥354,313,324.40 in the previous year, reflecting a growth of approximately 2.0%[25] - The company reported a total comprehensive income of ¥351,534,279.44, compared to ¥338,858,841.53 in the previous year, an increase of approximately 3.9%[26] - Operating profit for Q1 2024 was ¥41,021,999.28, significantly down from ¥134,276,699.14 in Q1 2023, indicating a decline of 69.5%[31] - Net profit for Q1 2024 was ¥22,415,080.15, compared to ¥97,223,874.54 in Q1 2023, reflecting a decrease of 77.0%[31] Assets and Liabilities - Total assets increased by 3.71% to CNY 22,030,516,741.31 compared to the previous year[4] - The company's total current assets amounted to approximately CNY 13.84 billion, an increase from CNY 13.24 billion as of December 31, 2023, representing a growth of about 4.5%[22] - The company's total liabilities reached CNY 5.44 billion as of March 31, 2024, compared to CNY 5.30 billion at the end of 2023, indicating an increase of approximately 2.7%[24] - The total assets of the company as of March 31, 2024, were CNY 22.03 billion, an increase from CNY 21.24 billion at the end of 2023, indicating a growth of about 3.7%[24] - Total assets as of March 31, 2024, were ¥12,482,894,376.28, slightly down from ¥12,443,926,052.72 as of December 31, 2023[29] - The total liabilities decreased to ¥3,484,684,893.13 in Q1 2024 from ¥3,782,827,776.44 in Q1 2023, a reduction of 7.9%[30] Cash Flow - The net cash flow from operating activities was negative at CNY -569,064,952.34[19] - Cash flow from operating activities showed a net outflow of ¥362,155,254.15 in Q1 2024, an improvement from a net outflow of ¥627,582,563.73 in Q1 2023[33] - Net cash flow from operating activities was -$569,064,952.34, slightly improved from -$569,285,484.35[39] - Cash flow from investing activities showed a net outflow of -$945,012,423.30, a significant decrease from a net inflow of $473,535,798.17 previously[39] - The ending cash and cash equivalents balance was $1,721,736,918.49, up from $1,618,779,090.31 in the previous period[40] Shareholder Information - The total equity attributable to shareholders increased by 4.11% to CNY 16,287,298,901.70[4] - The number of ordinary shareholders at the end of the reporting period was 55,892[5] - Basic earnings per share decreased by 16.67% to CNY 0.30[19] - Basic earnings per share decreased to ¥0.30 from ¥0.36, a decline of about 16.7% year-over-year[26] - Total equity increased to $10,478,648,795.55 from $10,164,485,355.40[43] Expenses - Total operating costs increased to ¥6,900,669,631.35 from ¥5,780,962,309.77, representing a growth of approximately 19.4% year-over-year[25] - Research and development expenses rose to ¥414,654,380.63, up from ¥312,566,548.85, indicating a year-over-year increase of about 32.7%[25] - Research and development expenses decreased to ¥40,996,770.87 in Q1 2024 from ¥51,363,358.78 in Q1 2023, a reduction of 20.1%[31] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[25]