ACIG(SH:600397)2024-04-26 12:12Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,146,164,337.09, representing a decrease of 31.24% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 97,134,098.25, a decline of 270.79% year-over-year[5]. - Basic and diluted earnings per share were both CNY -0.0981, reflecting a decrease of 270.61% year-over-year[5]. - Total operating revenue for Q1 2024 was CNY 1,146,164,337.09, a decrease of 31.1% compared to CNY 1,666,821,024.36 in Q1 2023[17]. - Net loss for Q1 2024 was CNY -97,089,836.33, compared to a net profit of CNY 58,650,069.96 in Q1 2023[18]. - Total equity attributable to shareholders was CNY 456,099,203.68, down from CNY 467,288,224.55 in Q1 2023[14]. Cash Flow - The net cash flow from operating activities was negative at CNY 18,222,311.26, down 124.72% from the previous year[5]. - The net cash flow from operating activities for Q1 2024 was -$18.22 million, a decrease from $73.72 million in Q1 2023, indicating a significant decline in operational performance[22]. - Total cash inflow from operating activities was $1.41 billion, compared to $1.75 billion in the same period last year, reflecting a year-over-year decrease of approximately 19.1%[22]. - Cash outflow from operating activities totaled $1.43 billion, down from $1.68 billion in Q1 2023, resulting in a reduction of about 14.0%[22]. - The company reported a cash inflow of $223.39 million from other operating activities, which was an increase from $124.19 million in the previous year, marking a growth of approximately 80.0%[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,801,964,215.78, a decrease of 1.20% from the end of the previous year[6]. - The total liabilities as of March 31, 2024, were CNY 4,018,118,000.00, compared to CNY 4,050,000,000.00 as of December 31, 2023, indicating a slight decrease of about 0.79%[13]. - The total liabilities as of Q1 2024 were CNY 7,454,517,230.42, a slight decrease from CNY 7,538,326,467.12 in the previous year[14]. - The total current assets amounted to CNY 2,998,176,512.20, a decrease from CNY 3,164,209,456.36 as of December 31, 2023, reflecting a decline of approximately 5.23%[12]. - The cash and cash equivalents increased to CNY 891,637,058.29 from CNY 845,821,985.60, showing a growth of about 5.43%[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,312[10]. - The largest shareholder, Jiangxi Energy Group Co., Ltd., held 39.34% of the shares, totaling 389,486,090 shares[10]. Operational Insights - The decrease in operating revenue was primarily due to a reduction in coke trading volume and a decline in coal prices[8]. - The company has not reported any new product developments or market expansions during this quarter[12]. - There are no significant changes in the shareholder structure or any mergers and acquisitions reported in this quarter[12]. Financial Expenses and Impairments - The company reported a significant increase in financial expenses, totaling CNY 47,903,527.43 in Q1 2024, compared to CNY 56,157,100.04 in Q1 2023[17]. - The company experienced a credit impairment loss of CNY 163,538.69 in Q1 2024, contrasting with a loss of CNY -1,934,620.63 in Q1 2023[17].