大唐电信(600198) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥68,903,305.68, representing a decrease of 20.59% compared to the same period last year[5]. - Total operating revenue for Q1 2024 was ¥68,903,305.68, a decrease of 20.6% compared to ¥86,769,496.11 in Q1 2023[16]. - The net profit attributable to shareholders was -¥74,486,398.14, and the net profit after deducting non-recurring gains and losses was -¥75,033,624.57, both figures are not applicable for year-on-year comparison[5]. - Net loss attributable to shareholders for Q1 2024 was ¥74,486,398.14, compared to a net loss of ¥67,404,169.83 in Q1 2023, indicating a worsening of 10.5%[17]. - The total comprehensive loss for Q1 2024 was ¥79,140,415.22, compared to a loss of ¥77,860,604.49 in Q1 2023, reflecting a slight increase in losses[18]. - The weighted average return on net assets was -27.3054%, a decrease of 12.66 percentage points compared to the previous year[5]. Cash Flow - The net cash flow from operating activities was -¥120,947,246.74, a significant decline of 16,009.47% compared to the previous year, attributed to large receivables in the special communication business last year[8]. - In Q1 2024, the net cash flow from operating activities was -120,947,246.74, a significant decline compared to 760,221.95 in Q1 2023[20]. - Total cash inflow from operating activities was 120,676,530.64, down from 238,873,049.15 in the same period last year[20]. - Cash outflow from operating activities increased to 241,623,777.38 from 238,112,827.20 year-over-year[21]. - Cash flow from investing activities was -27,359,676.34, compared to -10,046,148.23 in Q1 2023, indicating increased investment expenditures[21]. - Cash inflow from financing activities rose significantly to 285,000,000.00 from 35,000,000.00 in the previous year[22]. - The net cash flow from financing activities was 230,533,947.74, a recovery from -95,475,208.44 in Q1 2023[22]. - The ending balance of cash and cash equivalents increased to 549,109,362.16 from 648,113,172.86 year-over-year[22]. - The company reported a cash inflow of 99,523.82 from tax refunds, up from 21,426.38 in the previous year[20]. - Employee compensation payments increased to 77,652,299.84 from 71,282,580.84 year-over-year[21]. - The company experienced a cash outflow of 26,669,275.81 for taxes, compared to 16,623,060.58 in Q1 2023, reflecting higher tax obligations[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,021,121,715.69, an increase of 4.81% from the end of the previous year[6]. - The total liabilities of the company increased, with current liabilities including accounts payable at CNY 563,157,958.48, compared to CNY 539,419,128.42, reflecting an increase of approximately 4.4%[13]. - The total liabilities as of Q1 2024 amounted to ¥2,466,642,660.33, compared to ¥2,249,077,271.67 in the previous year, an increase of 9.7%[15]. - The company's current assets amounted to CNY 2,181,264,197.35, compared to CNY 2,036,160,308.10 at the end of 2023, indicating an increase of about 7.1%[13]. - Cash and cash equivalents increased to CNY 574,027,761.99 from CNY 494,053,593.34, reflecting a growth of approximately 16.2%[12]. - Accounts receivable decreased to CNY 766,496,819.37 from CNY 815,112,288.91, showing a decline of about 6.0%[12]. - Inventory rose significantly to CNY 436,823,090.08 from CNY 335,835,609.23, marking an increase of approximately 30.0%[13]. - Short-term borrowings surged to CNY 401,192,274.30 from CNY 164,466,374.30, representing an increase of about 144.3%[13]. - The company's long-term equity investments stood at CNY 385,552,405.66, slightly down from CNY 392,990,207.18, indicating a decrease of about 1.1%[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 76,669[10]. - The top three shareholders hold a combined total of 467,839,393 shares, representing 48.70% of the total shares[10]. - The company reported a total of 151,252,178 shares held by the largest shareholder, the Telecom Science and Technology Research Institute, indicating significant institutional ownership[11]. - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities during the reporting period[12]. Expenses - Total operating costs for Q1 2024 were ¥132,567,294.29, down from ¥138,146,283.85 in Q1 2023, reflecting a reduction of 4.1%[16]. - Research and development expenses increased to ¥52,051,250.31 in Q1 2024, up from ¥41,637,498.35 in Q1 2023, representing a rise of 25%[16]. - The company reported a significant increase in credit impairment losses, which amounted to ¥8,380,541.80 in Q1 2024, compared to ¥1,735,269.10 in Q1 2023[17]. - Basic and diluted earnings per share for Q1 2024 were both -¥0.0569, compared to -¥0.0513 in Q1 2023, indicating a decline in earnings performance[18]. - The total equity attributable to shareholders decreased to ¥235,614,941.74 in Q1 2024 from ¥309,965,553.86 in Q1 2023, a decline of 24%[15].