冠城大通(600067) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,410,652,876.89, representing a year-on-year increase of 23.77%[4] - The net profit attributable to shareholders for the same period was CNY 18,676,259.35, with a significant impact from the settlement of the Northwest Wang New Village project[9] - The basic and diluted earnings per share for Q1 2024 were both CNY 0.01, reflecting the company's profitability during the period[4] - The weighted average return on equity increased by 0.44 percentage points to 0.28%[4] - Net profit for Q1 2024 was ¥50,459,668.87, compared to a net profit of ¥299,435.47 in Q1 2023, marking a significant improvement[22] - The net profit attributable to shareholders of the parent company was ¥18,676,259.35, recovering from a loss of ¥11,180,332.10 in the same period last year[23] - The company reported a comprehensive income of ¥53,051,502.83 for Q1 2024, compared to a loss of ¥7,892,045.82 in Q1 2023, reflecting a turnaround in performance[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -338,564,990.17, primarily due to a decrease in real estate sales collections compared to the previous year[9] - In Q1 2024, the net cash flow from operating activities was -338,564,990.17 RMB, a significant decline compared to -36,775,647.73 RMB in Q1 2023[25] - Total cash inflow from operating activities decreased to 1,613,241,771.07 RMB in Q1 2024, down from 1,887,501,189.41 RMB in Q1 2023, representing a decline of approximately 14.5%[25] - Cash outflow from operating activities increased to 1,951,806,761.24 RMB in Q1 2024, compared to 1,924,276,837.14 RMB in Q1 2023, indicating a rise of about 1.4%[25] - The cash and cash equivalents at the end of Q1 2024 were 844,873,434.46 RMB, compared to 814,924,910.41 RMB at the end of Q1 2023, showing an increase of about 3.7%[26] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 20,620,472,759.02, down 5.52% from the end of the previous year[5] - Total assets decreased to ¥20,620,472,759.02 in Q1 2024 from ¥21,824,601,109.69 in Q1 2023, a decline of 5.5%[19] - Total liabilities decreased to ¥12,779,394,278.73 in Q1 2024 from ¥13,892,566,969.12 in Q1 2023, a reduction of 8.0%[19] - The total assets as of March 31, 2024, were 14,474,104,416.30 RMB, down from 14,796,649,696.83 RMB as of December 31, 2023, reflecting a decrease of about 2.2%[28] - The total liabilities decreased to 6,819,333,476.87 RMB as of March 31, 2024, from 7,127,298,527.27 RMB at the end of 2023, a reduction of approximately 4.3%[30] Business Segments - In Q1 2024, the company's electromagnetic wire business achieved a production volume of 18,900 tons, a year-on-year increase of 0.53%, and a sales volume of 18,400 tons, up 1.66%, generating main business revenue of RMB 1.264 billion, a growth of 3.52%[13] - The real estate business reported main business revenue of RMB 1.043 billion in Q1 2024, representing a significant year-on-year increase of 63.22%, with a total area of 511,100 square meters under construction[13] - The electrolyte additive business produced 53.32 tons, a year-on-year increase of 15.29%, and achieved sales of 65.90 tons, up 75.32%, with main business revenue of RMB 9.7776 million, a growth of 9.83%[14] - The lithium battery business reported main business revenue of RMB 2.3252 million, a decline of 49.11% compared to the previous year[15] Shareholder Actions - The company repurchased 10,237,800 shares, accounting for 0.74% of the total share capital, which reduced the equity attributable to shareholders[5] - As of April 25, 2024, the company has repurchased a total of 26.5263 million shares, representing 1.91% of the total share capital, with a total expenditure of RMB 52.696 million[15] Investment and Expenses - Research and development expenses for Q1 2024 were ¥37,996,391.36, slightly down from ¥38,419,769.65 in Q1 2023, indicating stable investment in innovation[22] - The company incurred financial expenses of CNY 34,797,805.25 in Q1 2024, slightly increasing from CNY 33,757,895.04 in Q1 2023[32] - Investment income for Q1 2024 was CNY 54,162,158.93, a decrease of 66.71% from CNY 162,385,457.55 in Q1 2023[32] - The company reported a total cash outflow from investing activities of CNY 63,826,676.03 in Q1 2024, compared to CNY 39,310.30 in Q1 2023, indicating increased investment activity[36] - The company raised CNY 205,000,000.00 through borrowings in Q1 2024, compared to CNY 104,000,000.00 in Q1 2023, reflecting a 96.15% increase in financing activities[36]