章源钨业(002378) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥873,946,805.15, representing a 6.23% increase compared to ¥822,676,918.20 in the same period last year[4] - The net profit attributable to shareholders decreased by 22.42% to ¥27,206,530.54 from ¥35,070,909.23 year-on-year[4] - Basic and diluted earnings per share both fell by 33.33% to ¥0.02 from ¥0.04 in the same period last year[5] - Net profit for Q1 2024 was CNY 26,736,401.99, a decrease of 23.9% from CNY 35,164,947.24 in Q1 2023[34] - The total comprehensive income for the first quarter of 2024 was CNY 26,736,531.90, compared to CNY 35,262,312.42 in the same period last year, reflecting a decrease of approximately 24.5%[35] Cash Flow - The net cash flow from operating activities was negative at ¥175,851,809.83, worsening by 20.26% compared to the previous year[5] - Net cash flow from operating activities decreased by CNY 29.62 million, a change of 20.26%, primarily due to an increase in VAT and corporate income tax paid by the parent company compared to the same period last year[21] - Cash inflow from sales of goods and services was CNY 569,656,036.88, down from CNY 584,134,303.17 year-on-year, representing a decrease of approximately 2.5%[37] - The company reported a total cash outflow from operating activities of CNY 752,901,951.80, which is an increase from CNY 739,355,669.21 in the previous year, indicating a rise of about 1.9%[38] - The net cash flow from investing activities was CNY -78,527,232.99, compared to CNY -18,454,654.21 in the previous year, showing a significant increase in cash outflow[39] - The net cash flow from financing activities was CNY 87,093,545.16, an increase from CNY 69,102,935.24 in the previous year, indicating a growth of about 26%[39] Assets and Liabilities - Total assets decreased by 2.06% to ¥4,775,459,176.14 from ¥4,875,765,322.21 at the end of the previous year[5] - Current liabilities totaled CNY 1,940,592,569.66, down from CNY 2,161,980,403.99 in the previous year, indicating a reduction of 10.2%[30] - The company's total liabilities increased significantly, with a notable rise in borrowings received amounting to CNY 729,995,000.00, compared to CNY 364,010,000.00 in the previous year, reflecting a growth of approximately 100.5%[39] Equity - The company's equity attributable to shareholders increased by 1.30% to ¥2,063,190,015.01 from ¥2,036,676,415.39 at the end of the previous year[5] - The company reported a decrease in total equity attributable to shareholders to CNY 2,063,190,015.01 from CNY 2,036,676,415.39 year-over-year, a decline of 1.3%[31] Expenses - Total operating costs for Q1 2024 were CNY 826,126,585.79, up from CNY 771,245,995.00 in the same period last year, reflecting a year-over-year increase of 7.1%[33] - Sales expenses rose by 39.41% to ¥1,485.95 million, attributed to increased personnel costs and travel expenses for the sales team[17] - Research and development expenses for Q1 2024 were CNY 14,502,565.72, slightly down from CNY 15,337,025.21 in Q1 2023[33] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 53,749[24] - The largest shareholder, Chongyi Zhangyuan Investment Holding Co., Ltd., holds 60.65% of the shares, totaling 728,616,456 shares, with 427,600,000 shares pledged[24] Other Financial Metrics - The company experienced a 537.44% increase in lease liabilities, reaching ¥320.95 million, due to new property leases[14] - Asset impairment losses increased by CNY 3.55 million, a change of 88.58%, due to an increase in inventory impairment provisions compared to the same period last year[18] - Operating profit decreased by CNY 7.61 million, a decline of 18.47%; total profit decreased by CNY 7.01 million, a decline of 17.39%; net profit decreased by CNY 8.43 million, a decline of 23.97% compared to the same period last year[18] - Cash inflow from investment activities decreased by CNY 649,400, a decline of 41.47%, due to a decrease in cash received from the disposal of fixed assets compared to the same period last year[22] - Cash outflow from investment activities increased by CNY 59.42 million, an increase of 296.81%, due to increased investment in technological transformation projects[22] - Cash inflow from financing activities increased by CNY 390.99 million, an increase of 107.34%, due to an increase in bank loans and the recovery of loan guarantees compared to the same period last year[22] - Cash outflow from financing activities increased by CNY 372.99 million, an increase of 126.37%, due to an increase in loan repayments and payments for loan guarantees compared to the same period last year[22]