SCGS(SH:600678)2024-04-29 10:37Financial Performance - The company's operating revenue for Q1 2024 was ¥86,110,167.58, representing an increase of 11.37% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥7,109,329.98, a decrease of 527.94% year-on-year[5]. - The company reported a net profit of -8.03 million, a decrease of 9.61 million compared to the same period last year[10]. - The net profit attributable to shareholders was -7.11 million, down 8.77 million year-on-year[10]. - The basic and diluted earnings per share were both -0.0204 yuan, a decrease of 0.0252 yuan from the previous year[10]. - The net profit for Q1 2024 was a loss of RMB 8,032,467.19, compared to a profit of RMB 1,578,446.15 in Q1 2023[26]. - The operating profit for Q1 2024 was a loss of RMB 7,369,102.01, down from a profit of RMB 5,154,910.92 in Q1 2023[24]. - The company's basic and diluted earnings per share for Q1 2024 were both CNY -0.0071, compared to CNY 0.0077 in Q1 2023, reflecting a significant decline in earnings per share[35]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥998,380.54, with no applicable comparison[6]. - Cash received from sales of goods and services decreased by 19.80 million, while railway freight and trade services increased by 42.52 million and 35.87 million respectively[10]. - Cash flow from operating activities generated RMB 998,380.54, a significant improvement from a negative cash flow of RMB -9,785,611.99 in Q1 2023[29]. - The cash flow from operating activities net amount indicates a challenging operational environment for the company in Q1 2024 compared to the previous year[38]. - The company experienced a significant drop in cash received from sales, totaling $10.75 million in Q1 2024, down 81.7% from $58.61 million in Q1 2023[38]. - The ending cash and cash equivalents balance for Q1 2024 was $264,993.64, a decline of 99.0% from $27.13 million in Q1 2023[39]. - The company's cash flow management will be critical moving forward, given the substantial decrease in cash reserves and operational cash flow[39]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,121,041,353.01, an increase of 19.50% from the end of the previous year[6]. - The company's current assets totaled 264.57 million yuan, significantly up from 108.85 million yuan at the end of 2023[20]. - The company's total liabilities increased to CNY 139,370,545.54 as of March 31, 2024, compared to CNY 131,403,956.08 at the end of 2023, reflecting a rise of approximately 6.5%[32]. - The total owner's equity decreased to CNY 102,285,768.58 from CNY 104,776,925.94, a decline of about 2.4%[33]. Revenue and Sales - The company's sales revenue was impacted by a decrease in ore sales volume by 30,000 tons and a price drop of ¥2.82 per ton, resulting in a revenue decrease of ¥13,180,000[9]. - Revenue from limestone sales was 39.35 million yuan, a decrease of 25.09% compared to the same period last year[17]. - Total operating revenue for Q1 2024 was RMB 86,110,167.58, an increase of 11.4% compared to RMB 77,316,664.53 in Q1 2023[24]. - Total operating costs rose to RMB 95,510,144.97, up 32.4% from RMB 72,071,404.14 in the same period last year[24]. Investments and Projects - The company is developing new projects including a smart mining and logistics technology digital platform, indicating ongoing investment in technology[9]. - The company initiated a stock issuance to specific targets for the year 2023, which has been accepted for review by the Shanghai Stock Exchange[16]. - The construction of a 700,000-ton green environmental protection new materials project has impacted the production of calcium oxide, leading to a temporary suspension of the original production line[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 78,161[13]. - The largest shareholder, Shenzhen Pusu Zhichun Investment, holds 20.50% of the shares, totaling 71,553,484 shares[13].