中钢天源(002057) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 608,065,592.59, a slight increase of 0.26% compared to CNY 606,508,782.42 in the same period last year[5] - Net profit attributable to shareholders decreased by 8.85% to CNY 51,170,357.53 from CNY 56,140,639.17 year-on-year[5] - Net profit for Q1 2024 was CNY 61,250,046.47, down 6.25% from CNY 65,722,740.07 in the same period last year[19] - The net profit attributable to the parent company was CNY 51,170,357.53, a decrease of 8.66% from CNY 56,140,639.17[19] - The company's basic earnings per share decreased by 8.92% to CNY 0.0674 from CNY 0.0740 in the same period last year[5] - The company reported a decrease in basic and diluted earnings per share to CNY 0.0674 from CNY 0.0740 in the previous year[19] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of CNY -38,573,467.88, representing a 65.46% reduction in outflow compared to CNY -111,689,151.40 in the previous year[5] - Cash flow from operating activities showed a net outflow of CNY 38,573,467.88, an improvement from a net outflow of CNY 111,689,151.40 in the previous year[20] - Cash and cash equivalents decreased to CNY 1,261,321,623.98 from CNY 1,350,268,485.37, reflecting a decline of about 6.58%[14] - Cash and cash equivalents at the end of Q1 2024 were CNY 974,917,338.14, compared to CNY 603,828,042.89 at the end of Q1 2023[21] - The company raised CNY 65,500,000.00 through borrowings in Q1 2024, up from CNY 50,670,000.00 in Q1 2023[21] Assets and Liabilities - The total assets at the end of the reporting period increased by 5.70% to CNY 5,326,531,147.02 from CNY 5,039,167,218.74 at the end of the previous year[5] - The total assets of China Steel Tianyuan Co., Ltd. as of March 31, 2024, amounted to CNY 5,326,531,147.02, showing a slight increase from CNY 5,321,603,502.79 at the beginning of the period[14] - The company's current assets totaled CNY 3,459,201,128.13, compared to CNY 3,450,765,602.76 at the start of the quarter, indicating a growth of approximately 0.24%[14] - The total liabilities decreased to CNY 1,771,030,945.63 from CNY 1,832,620,804.21, marking a reduction of about 3.35%[15] - The company's equity increased slightly to CNY 3,555,500,201.39 from CNY 3,489,982,698.58, indicating an increase of approximately 1.88%[15] Operational Metrics - Total operating costs decreased to CNY 557,233,638.91 from CNY 558,781,698.35, reflecting a reduction of 0.28%[18] - Research and development expenses were CNY 24,801,954.66, down 25.06% from CNY 33,140,261.07 in Q1 2023[18] - Accounts receivable financing increased by 124.32% to CNY 82,932,105.47, primarily due to the receipt of accounts receivable notes[7] - The company reported a significant increase in prepayments, which rose by 210.48% to CNY 53,408,728.41, attributed to higher payments for steel and manganese[7] - The inventory balance as of March 31, 2024, was CNY 439,803,198.53, a marginal increase from CNY 433,656,811.75 at the beginning of the quarter[14] - The company reported a significant increase in prepayments, rising to CNY 53,408,728.41 from CNY 17,201,796.20, which is an increase of approximately 210.56%[14] - The long-term equity investments slightly decreased to CNY 157,219,645.08 from CNY 158,714,781.12, reflecting a decline of about 0.94%[14] - The company's short-term borrowings decreased to CNY 263,454,239.99 from CNY 274,713,453.34, indicating a reduction of approximately 4.59%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,611[10] - The total equity attributable to shareholders of the parent company increased to CNY 3,141,430,925.77 from CNY 3,084,993,111.90[19] Reporting and Future Outlook - The first quarter report for Zhonggang Tianyuan Co., Ltd. is unaudited[22] - The new accounting standards will be implemented starting in 2024[22] - The financial statement adjustments related to the first year of implementation will be disclosed at the beginning of the year[22] - The board of directors announced the first quarter report on April 25, 2024[22] - There are no specific performance summaries or user data provided in the document[22] - Future outlook and performance guidance are not detailed in the content[22] - No information on new products or technology development is mentioned[22] - Market expansion and mergers or acquisitions are not addressed in the document[22] - Other new strategies are not discussed in the content[22] - The document does not provide any numerical data or percentages related to performance[22]