Ye Chiu Resources(SH:601388)2024-04-26 13:26Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,577,793,633.72, representing a decrease of 9.95% compared to the same period last year[5]. - The net profit attributable to shareholders for Q1 2024 was CNY 28,654,578.27, down 61.27% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 29,726,304.13, a decrease of 57.43% compared to the previous year[5]. - The basic earnings per share for Q1 2024 was CNY 0.0130, reflecting a decline of 61.31% year-on-year[5]. - The company's net profit margin for Q1 2024 was approximately 2.93%, down from 6.06% in Q1 2023[18]. - In Q1 2024, the company reported a net profit of ¥28,662,610.36, a decrease of 61.2% compared to ¥73,992,794.51 in Q1 2023[19]. - The total operating income for Q1 2024 was ¥39,976,856.69, down from ¥96,417,165.82 in the same period last year, reflecting a decline of 58.6%[19]. - Earnings per share (EPS) for Q1 2024 were ¥0.0130, a decrease from ¥0.0336 in Q1 2023[20]. - The company recorded a total comprehensive loss of ¥48,043,975.43 in Q1 2024, compared to a comprehensive income of ¥31,954,434.92 in Q1 2023[20]. Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 5,696,872,712.74, an increase of 0.25% from the end of the previous year[6]. - The equity attributable to shareholders decreased by 1.12% to CNY 4,244,794,508.75 compared to the end of the previous year[6]. - Total assets amounted to ¥5,696,872,712.74 as of March 31, 2024, slightly up from ¥5,682,434,637.81 on December 31, 2023[15]. - The company reported a decrease in total equity to ¥4,244,815,375.68 in Q1 2024 from ¥4,292,859,351.10 in Q4 2023, a decline of 1.12%[15]. - Current liabilities totaled ¥917,821,866.55 in Q1 2024, an increase of 7.12% from ¥856,781,150.48 in Q4 2023[14]. Cash Flow - The net cash flow from operating activities was negative at CNY -110,462,992.04, indicating a significant cash outflow[5]. - The company experienced a net cash outflow from operating activities of ¥110,462,992.04 in Q1 2024, contrasting with a net inflow of ¥1,961,645.78 in Q1 2023[23]. - Cash and cash equivalents at the end of Q1 2024 totaled ¥757,137,383.24, down from ¥1,030,956,229.37 at the end of Q1 2023[24]. - The company generated ¥1,578,660,993.23 in cash inflows from operating activities in Q1 2024, down from ¥2,130,714,442.82 in Q1 2023[23]. - Investment activities generated a net cash inflow of ¥25,569,130.27 in Q1 2024, compared to ¥10,824,719.61 in Q1 2023[23]. - Financing activities resulted in a net cash inflow of ¥160,495,768.36 in Q1 2024, down from ¥270,867,002.74 in Q1 2023[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 91,002[9]. Operational Changes - The company plans to focus on market expansion and new product development in the upcoming quarters[16]. Costs and Expenses - Total operating costs for Q1 2024 were ¥1,532,482,891.65, down 6.95% from ¥1,647,163,188.96 in Q1 2023[18]. - Research and development expenses amounted to ¥305,235.18 in Q1 2024, compared to ¥1,040,819.50 in Q1 2023, indicating a significant reduction[19]. - Accounts receivable rose to ¥599,169,426.73 in Q1 2024, up from ¥565,818,543.10 in Q4 2023, indicating an increase of 5.88%[13]. - Inventory increased to ¥1,274,201,457.37 in Q1 2024, compared to ¥1,197,767,449.76 in Q4 2023, representing a growth of 6.41%[13]. - The company's cash and cash equivalents increased to ¥756,944,597.76 as of March 31, 2024, compared to ¥642,141,208.40 on December 31, 2023, reflecting a growth of 17.83%[12].