Financial Performance - The company's revenue for Q1 2024 was CNY 2,285,131,351.49, representing a 19.26% increase compared to CNY 1,916,132,495.24 in the same period last year[4] - The net loss attributable to shareholders was CNY -75,003,810.29, a significant decline from a profit of CNY 46,366,781.68 in the previous year[4] - The net profit for Q1 2024 was -74,430,550.88 CNY, compared to a net profit of 44,982,415.00 CNY in the same period last year, indicating a significant decline[21] - Operating profit for Q1 2024 was -73,160,175.38 CNY, a decrease from the operating profit of 51,076,422.05 CNY in Q1 2023[21] - The company's net profit margin decreased due to increased operating costs, with a reported loss from investments of ¥44,332,601.08 compared to a profit of ¥5,002,469.27 in the previous year[20] - Total operating revenue for Q1 2024 reached ¥2,285,131,351.49, an increase of 19.2% compared to ¥1,916,132,495.24 in the same period last year[20] - Total operating costs for Q1 2024 were ¥2,329,584,995.39, up from ¥1,859,083,753.00, reflecting a year-over-year increase of 25.3%[20] - The total comprehensive income for Q1 2024 was -74,430,550.88 CNY, compared to 44,982,415.00 CNY in the same period last year[21] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -112,199,083.27, worsening from CNY -76,411,498.15 in the same period last year[4] - Cash flow from operating activities showed a net outflow of -112,199,083.27 CNY, worsening from -76,411,498.15 CNY in the previous year[24] - The company received 26,095,653.53 CNY in cash related to operating activities, significantly higher than 6,416,334.62 CNY in Q1 2023[24] - The company's cash and cash equivalents increased to ¥450,724,776.28 from ¥384,561,377.57, representing a growth of 17.2%[18] - The cash and cash equivalents at the end of Q1 2024 amounted to 217,617,088.87 CNY, an increase from 125,150,671.66 CNY at the end of Q1 2023[24] Assets and Liabilities - Total assets increased by 5.29% to CNY 11,166,532,446.14 from CNY 10,605,512,802.45 at the end of the previous year[4] - Total assets reached ¥11,166,532,446.14, up from ¥10,605,512,802.45, indicating a growth of 5.3%[19] - Total liabilities increased to ¥6,673,069,113.33 from ¥6,042,833,757.83, reflecting a rise of 10.4%[19] - The total equity attributable to shareholders decreased to ¥4,308,854,490.68 from ¥4,381,598,461.89, a decline of 1.7%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,390[11] - Major shareholders include Sun Yanjun and He Xuejuan, each holding 36.00% of shares, totaling 144,000,000 shares[11] - The top ten shareholders hold a combined total of 50.57% of the company's shares[11] - The company has 144,000,000 restricted shares held by Sun Yanjun and He Xuejuan, with a release date set for March 21, 2027[14] - The company has no changes in the top ten shareholders due to margin trading activities[12] - The total number of shares held by the top ten unrestricted shareholders is 3,000,000 shares[12] - The company has not disclosed any new product developments or technological advancements in this report[16] - There are no mergers or acquisitions mentioned in the current report[16] - The company has not provided specific future performance guidance or market expansion plans in this report[16] Operational Focus and Strategy - The company plans to focus on stabilizing existing production bases while enhancing trial production at the Jiangxi Barton and Guangxi Feinan projects[7] - The company aims to improve operational efficiency and reduce inventory turnover periods amidst high non-ferrous metal prices[7] - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[20] Investment and Financial Expenses - Investment income showed a loss of CNY -44,332,601.08, attributed to futures trading losses[10] - The financial expenses increased by 114.75% to CNY 36,006,296.25, mainly due to expanded bank borrowings[10] - The company incurred a credit impairment loss of -185,495.59 CNY in Q1 2024, compared to -1,440,666.24 CNY in the same period last year[21]
飞南资源(301500) - 2024 Q1 - 季度财报