AYIS(SH:600569)2024-04-29 10:02Financial Performance - The company's operating revenue for Q1 2024 was ¥8,507,632,906.16, representing a decrease of 13.81% compared to the same period last year [6]. - The net profit attributable to shareholders of the listed company was a loss of ¥483,950,766.71, with a significant decline in profitability due to weak steel demand and raw material price fluctuations [11]. - The net cash flow from operating activities was negative at ¥296,675,761.70, reflecting a decrease of 121.28% year-on-year [11]. - The basic and diluted earnings per share for the period were both -0.168 yuan [7]. - The company reported a net loss of CNY 3,778,381,622.72 for Q1 2024, compared to a net loss of CNY 3,294,430,856.01 in Q1 2023 [19]. - In Q1 2024, the company reported a net loss of ¥545,635,558.48, compared to a net loss of ¥381,990,238.90 in Q1 2023, representing an increase in loss of approximately 42.9% year-over-year [23]. - Operating profit for Q1 2024 was -¥879,552,574.54, worsening from -¥501,498,413.29 in Q1 2023 [23]. - Total revenue from sales in Q1 2024 was ¥8,591,787,855.85, down 22.5% from ¥11,080,249,646.44 in Q1 2023 [26]. Assets and Liabilities - The total assets at the end of the reporting period were ¥42,855,004,941.44, down 1.50% from the end of the previous year [7]. - Total liabilities as of March 31, 2024, were CNY 35,982,756,748.96, slightly down from CNY 36,102,857,780.88 at the end of 2023 [19]. - The company's total equity decreased to CNY 6,872,248,192.48 from CNY 7,406,677,384.85 at the end of 2023 [19]. - The company's total current liabilities increased from CNY 27,934,652,388.57 on December 31, 2023, to CNY 28,186,792,458.59 on March 31, 2024, representing a rise of about 0.90% [31]. - The total non-current liabilities decreased from CNY 1,342,154,317.63 on December 31, 2023, to CNY 863,349,792.39 on March 31, 2024, a decrease of about 35.56% [31]. Cash Flow - Cash flow from operating activities in Q1 2024 was -¥296,675,761.70, a significant decline from a positive cash flow of ¥1,394,432,625.30 in Q1 2023 [27]. - Total cash inflow from operating activities decreased to 6,659,997,690.01 RMB in Q1 2024, down from 8,592,827,240.46 RMB in Q1 2023, representing a decline of approximately 22.5% [35]. - Cash outflow from operating activities was 6,959,129,721.89 RMB in Q1 2024, compared to 7,105,428,371.54 RMB in Q1 2023, showing a decrease of about 2.1% [35]. - The net cash flow from financing activities improved to 177,717,515.57 RMB in Q1 2024, compared to -705,127,239.10 RMB in Q1 2023 [36]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 88,767 [12]. - The largest shareholder, Anyang Iron and Steel Group Co., Ltd., held 66.78% of the shares, with 550,000,000 shares pledged [13]. Research and Development - The company incurred R&D expenses of ¥219,118,280.48 in Q1 2024, an increase of 49.0% compared to ¥146,776,249.34 in Q1 2023 [23]. - Research and development expenses increased to CNY 169,968,207.24 in Q1 2024, up from CNY 126,442,080.48 in Q1 2023, marking a growth of about 34.38% [33].