Financial Performance - The company's operating revenue for Q1 2024 was ¥1,005,160,200.16, representing a decrease of 50.12% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥210,970,455.49, reflecting a decline of 266.67% year-over-year[5]. - The net cash flow from operating activities was a negative ¥209,615,328.23, down 242.98% from the previous year[5]. - Total operating revenue for Q1 2024 was ¥1,005,160,200.16, a decrease of 50% compared to ¥2,015,326,187.24 in Q1 2023[24]. - Net loss for Q1 2024 was ¥246,107,313.88, compared to a net profit of ¥147,795,549.66 in Q1 2023, indicating a significant decline in profitability[25]. - The gross profit margin for Q1 2024 was negative, with a gross loss of ¥200,169,584.01 compared to a gross profit of ¥313,552,360.52 in Q1 2023[24]. - In Q1 2024, the company reported a total comprehensive loss of CNY -245,611,858.57, compared to a comprehensive income of CNY 147,760,240.55 in Q1 2023[26]. - Basic and diluted earnings per share for Q1 2024 were both CNY -0.18, a decrease from CNY 0.11 in Q1 2023[26]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥9,694,793,269.81, a decrease of 15.77% from the end of the previous year[6]. - Total liabilities for Q1 2024 were ¥7,005,330,814.51, a decrease from ¥8,574,487,487.00 in Q1 2023, reflecting a reduction of about 18.3%[20]. - The company's total equity decreased to ¥2,689,462,455.30 in Q1 2024 from ¥2,935,074,313.87 in Q1 2023, indicating a decline of approximately 8.4%[21]. Cash Flow - Cash inflows from operating activities totaled CNY 785,829,843.86 in Q1 2024, down 71.8% from CNY 2,785,556,626.35 in Q1 2023[29]. - Cash outflows from operating activities were CNY 995,445,172.09 in Q1 2024, a decrease of 62.3% compared to CNY 2,638,950,071.12 in Q1 2023[29]. - Cash and cash equivalents at the end of Q1 2024 were CNY 183,235,645.03, significantly down from CNY 740,398,338.42 at the end of Q1 2023[30]. - The company raised CNY 178,675,415.00 from borrowings in Q1 2024, compared to CNY 262,908,460.00 in Q1 2023[30]. - The net cash flow from financing activities was CNY -50,366,111.38 in Q1 2024, compared to a positive flow of CNY 70,860,448.32 in Q1 2023[30]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 95,044[12]. - The largest shareholder, Shenzhen Weizhi Energy Co., Ltd., holds 254,696,214 shares, accounting for 21.29% of the total shares[12]. Operational Updates - The company reported a significant decrease in sales volume and average selling price of solar modules, contributing to the revenue decline[9]. - The company has completed the installation and debugging of 6GW equipment for its 10GW high-efficiency N-type TOPCon photovoltaic cell project in Chuzhou[17]. - The company has halted the shipment of remaining equipment for the Chuzhou project to adapt to market demand changes[17]. - The company plans to adapt its production strategy based on market conditions for the Chuzhou project[17]. - The company plans to focus on improving operational efficiency and exploring new market opportunities to recover from the current downturn[10]. Other Financial Metrics - Non-recurring gains and losses amounted to ¥473,732.30, primarily from asset disposal gains and government subsidies[7]. - The weighted average return on net assets was -8.72%, a decline of 13.71% compared to the previous year[5]. - Research and development expenses decreased to ¥28,206,295.18 in Q1 2024 from ¥37,231,240.23 in Q1 2023, a reduction of about 24%[25]. - The company experienced a foreign exchange impact of CNY 1,535,268.19 on cash and cash equivalents in Q1 2024, compared to a negative impact of CNY -14,196,773.73 in Q1 2023[30]. - The company received CNY 76,367,183.05 in tax refunds during Q1 2024, down from CNY 304,144,740.83 in Q1 2023[29]. - The company reported an investment loss of ¥8,589,088.92 in Q1 2024, an improvement from a loss of ¥25,383,692.12 in Q1 2023[25]. - Other comprehensive income for Q1 2024 was ¥495,455.31, compared to a loss of ¥35,309.11 in Q1 2023, indicating a positive shift in this area[25]. - The trading financial assets increased to ¥168,244,595.00 from ¥115,667,049.40[18]. - The company experienced a 45.46% increase in trading financial assets due to an increase in swap transactions[9]. - The stock option and restricted stock incentive plan has approved 800,000 stock options for 16 eligible participants[14]. - The company is actively working to mitigate risks related to the freezing of shares held by its controlling shareholder[16]. - The company will closely monitor the progress of the controlling shareholder's frozen shares and fulfill disclosure obligations[16].
亿晶光电(600537) - 2024 Q1 - 季度财报