Financial Performance - The company's operating revenue for Q1 2024 was CNY 206,009,051.07, representing a 2.00% increase compared to CNY 201,968,256.34 in the same period last year[7] - Net profit attributable to shareholders decreased by 46.33% to CNY 14,079,942.20 from CNY 26,232,791.40 year-on-year[7] - The company reported a significant decline in net profit due to limited power generation capacity from its Hami renewable energy station and unfavorable wind conditions at some wind farms[12] - Net profit for the current period was ¥13,690,613.89, a decrease of 47.8% from ¥26,212,745.27 in the previous period[27] - Earnings per share (EPS) for the current period was ¥0.02, down from ¥0.03 in the previous period[27] Cash Flow - The net cash flow from operating activities fell by 69.08% to CNY 25,997,436.82, down from CNY 84,069,231.72 in the previous year[7] - Cash flow from operating activities generated a net amount of ¥25,997,436.82, significantly lower than ¥84,069,231.72 in the previous period[28] - Cash flow from investing activities showed a decrease of 58.94%, amounting to CNY -147,705,460.70, compared to CNY -359,687,747.97 in the same period last year[12] - The company reported a net cash outflow from investing activities of ¥147,705,460.70, an improvement from a net outflow of ¥359,687,747.97 in the previous period[30] - The company’s cash flow from financing activities increased significantly by 467.02% to CNY 319,351,520.08, primarily due to increased bank borrowings[12] - Cash inflow from financing activities was ¥399,698,950.66, compared to ¥195,459,874.64 in the previous period, indicating increased financing activity[32] Assets and Liabilities - Total assets increased by 3.01% to CNY 9,922,155,163.38 compared to CNY 9,632,244,392.89 at the end of the previous year[7] - The total assets of Xinjiang Lixin Energy Co., Ltd. as of March 31, 2024, amounted to CNY 9,922,155,163.38, an increase from CNY 9,632,244,392.89 at the beginning of the period[19] - Current assets increased to CNY 2,694,815,269.15 from CNY 2,399,703,796.53, reflecting a growth of approximately 12.3%[19] - The company's total liabilities reached CNY 6,958,031,925.29, compared to CNY 6,683,842,419.54 at the start of the period, representing an increase of approximately 4.1%[22] - Non-current liabilities increased to CNY 5,729,712,475.20 from CNY 5,359,903,954.09, marking a growth of around 6.9%[22] - The cash and cash equivalents stood at CNY 627,233,843.18, up from CNY 447,492,946.27, reflecting a significant increase of approximately 40.2%[19] - The company's equity remained stable at CNY 933,333,334.00, unchanged from the previous period[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 57,923, with the largest shareholder holding 47.38% of the shares[13] Expenses - The company reported a 35.76% increase in management expenses, attributed to increased labor costs and related expenses due to company expansion[12] - Total operating costs increased to ¥172,142,762.87, up 20.54% from ¥142,832,221.08 in the previous period, with operating costs specifically rising from ¥94,335,043.85 to ¥118,204,537.90[25] Strategic Initiatives - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the report[23] - No future outlook or performance guidance is mentioned in the available documents[33][34][35] - Market expansion or acquisition strategies are not discussed in the available documents[33][34][35] - The documents do not include any new strategic initiatives[33][34][35] Audit and Reporting - The first quarter report for Xinjiang Lian New Energy Co., Ltd. is unaudited[35] - The audit report status is confirmed as unaudited for the first quarter[35] - The company’s board of directors released the first quarter report on April 29, 2024[35] - The new accounting standards will be implemented starting from 2024, affecting the financial statements from the beginning of the year[33]
立新能源(001258) - 2024 Q1 - 季度财报