KEC(SH:600997)2024-04-26 12:12Financial Performance - Operating revenue for the period was CNY 5,371,941,335.88, representing a decrease of 14.21% compared to the same period last year[6] - Net profit attributable to shareholders of the listed company was CNY 209,408,270.68, down 48.64% year-on-year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 198,271,874.47, a decrease of 50.72% compared to the previous year[6] - Basic earnings per share decreased by 50.00% to CNY 0.13[6] - Diluted earnings per share also decreased by 50.00% to CNY 0.13[6] - Total operating revenue for Q1 2024 was ¥5,371,941,335.88, a decrease of 14.0% from ¥6,262,068,492.18 in Q1 2023[18] - Net profit for Q1 2024 was ¥69,065,893.45, a decline of 74.0% compared to ¥265,724,723.01 in Q1 2023[18] - Earnings per share for Q1 2024 were ¥0.13, down from ¥0.26 in Q1 2023[18] - The company reported a total comprehensive income of ¥55,973,050.33 for Q1 2024, down from ¥257,889,097.34 in Q1 2023[18] Cash Flow - Net cash flow from operating activities was -CNY 149,909,371.53, a decline of 206.44% year-on-year[6] - In Q1 2024, the company's cash inflow from operating activities was CNY 3,434,261,140.38, a decrease of 26% compared to CNY 4,645,901,132.37 in Q1 2023[36] - The net cash outflow from operating activities in Q1 2024 was CNY -149,909,371.53, compared to a positive cash flow of CNY 140,836,267.23 in Q1 2023[36] - Cash inflow from investment activities was CNY 4,307,765.05 in Q1 2024, significantly higher than CNY 300.00 in Q1 2023[36] - The net cash outflow from investment activities was CNY -249,856,644.67 in Q1 2024, compared to CNY -338,237,858.11 in Q1 2023, indicating a reduced outflow[36] - Cash inflow from financing activities was CNY 460,298,666.66 in Q1 2024, down from CNY 750,000,000.00 in Q1 2023[36] - The net cash flow from financing activities was CNY 64,563,808.88 in Q1 2024, a significant decrease from CNY 524,272,550.32 in Q1 2023[36] - The company's cash and cash equivalents at the end of Q1 2024 were CNY 6,354,557,695.53, down from CNY 7,612,094,521.37 at the end of Q1 2023[36] - The total cash outflow from operating activities in Q1 2024 was CNY 3,584,170,511.91, compared to CNY 4,505,064,865.14 in Q1 2023, reflecting a decrease of 20%[36] - The company received CNY 342,044.90 in tax refunds in Q1 2024, a significant decrease from CNY 7,565,771.74 in Q1 2023[36] - The cash outflow for employee compensation in Q1 2024 was CNY 640,381,270.76, a decrease from CNY 694,329,283.76 in Q1 2023[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 28,462,679,399.21, down 1.25% from the end of the previous year[6] - Total liabilities decreased to ¥12,853,500,548.23 in Q1 2024 from ¥13,234,488,217.37 in Q1 2023[18] - The company's total assets were reported at ¥28,462,679,399.21 in Q1 2024, a decrease from ¥28,823,689,570.45 in Q1 2023[18] - Shareholders' equity attributable to the listed company was CNY 14,403,683,557.02, an increase of 1.16% compared to the end of the previous year[6] - Total equity attributable to shareholders increased to ¥14,403,683,557.02 in Q1 2024 from ¥14,238,584,236.96 in Q1 2023[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 42,592[26] - The top shareholder, Kailuan (Group) Co., Ltd., holds 764,018,588 shares, accounting for 48.12% of total shares[26] - The second-largest shareholder, China Cinda Asset Management Co., Ltd., holds 336,000,000 shares, representing 21.16%[26] Other Financial Information - The decline in net profit was primarily due to a decrease in product prices compared to the same period last year[8] - The company reported a significant decrease in cash received from sales, which was greater than the reduction in cash paid for purchases[8] - Research and development expenses increased significantly to ¥112,563,917.41 in Q1 2024, up from ¥45,192,110.78 in Q1 2023[18] - The company reported a total of 11,136,396.21 in non-operating income after tax impacts and minority interests[25] - Government subsidies recognized in the current period amounted to 8,958,985.72[25] - The company has no significant changes in the top ten shareholders due to margin trading activities[29] - The company has not disclosed any new product developments or technological advancements in this report[32] - There are no indications of market expansion or mergers and acquisitions mentioned in the current report[32] - The financial report for the first quarter was not audited[24] - The company has ensured the accuracy and completeness of the financial information provided in the report[24]