盐湖股份(000792) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥2,723,898,945.70, a decrease of 42.12% compared to ¥4,706,515,768.84 in the same period last year[4] - Net profit attributable to shareholders was ¥934,106,456.19, down 58.03% from ¥2,225,422,362.03 year-on-year[4] - The basic earnings per share decreased by 58.28% to ¥0.1765 from ¥0.4231 in the same period last year[4] - The total comprehensive income for Q1 2024 was CNY 1,048,653,877.25, down from CNY 2,454,518,723.30 in Q1 2023, a decline of 57.3%[25] Cash Flow - The net cash flow from operating activities increased by 2.73% to ¥1,344,893,875.04, compared to ¥1,309,146,461.02 in the previous year[4] - The cash inflow from operating activities was CNY 3,610,416,866.50, down from CNY 5,348,695,188.78 in the previous period, representing a decrease of approximately 32.6%[27] - The net cash flow from operating activities was CNY 1,344,893,875.04, slightly up from CNY 1,309,146,461.02, indicating a growth of about 2.7%[27] - The cash inflow from investment activities totaled CNY 1,551,116,822.71, compared to CNY 795,412,092.31 in the previous period, marking an increase of approximately 95.0%[28] - The net cash flow from investment activities was CNY 485,428,511.74, up from CNY 473,250,331.32, showing a growth of about 2.5%[28] - The cash inflow from financing activities was CNY 23,513,343.38, compared to CNY 5,544,256.01 in the previous period, reflecting an increase of approximately 323.5%[28] - The net cash flow from financing activities was negative at CNY -395,566,556.16, an improvement from CNY -548,660,379.85 in the previous period[28] - The total cash and cash equivalents at the end of the period reached CNY 17,410,251,470.16, up from CNY 16,396,733,920.44, indicating an increase of about 6.2%[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥47,051,826,688.61, reflecting a 1.39% increase from ¥46,407,287,224.03 at the end of the previous year[4] - Total liabilities amounted to CNY 11,317,734,334.07, compared to CNY 11,716,592,426.85, indicating a decrease of 3.4%[23] - As of March 31, 2024, the total current assets amounted to approximately 30.81 billion RMB, showing a slight increase from 30.37 billion RMB at the beginning of the period[21] - The company's fixed assets as of March 31, 2024, are valued at approximately 8.38 billion RMB, reflecting ongoing investments in infrastructure[21] Shareholder Information - The total equity attributable to shareholders increased by 2.90% to ¥32,832,690,407.69 from ¥31,906,238,592.42 at the end of the previous year[4] - The total number of common shareholders at the end of the reporting period is 225,142, with no preferred shareholders having restored voting rights[9] - The top 10 shareholders hold a total of 2,500,000,000 shares, with the largest shareholder, Qinghai Provincial State-owned Assets Investment Management Co., Ltd., owning 11.61% (630,548,292 shares) and having 596,573,104 shares pledged[10] Research and Development - The company's research and development expenses decreased by 56.26% to ¥17,127,407.91 from ¥39,153,318.35 in the previous year[7] - Research and development expenses for Q1 2024 were CNY 17,127,407.91, down from CNY 39,153,318.35 in Q1 2023, a reduction of 56.2%[24] Market and Production - The sales revenue from goods and services received cash was ¥3,436,556,148.91, a decline of 34.14% compared to ¥5,217,786,795.49 in the same period last year due to significant price drops in lithium carbonate and potassium chloride products[6] - In Q1 2024, the company produced approximately 1.1235 million tons of potassium chloride and sold about 764,300 tons, with new import volumes reaching a record 3.64 million tons, a 30% increase compared to the same period last year[11] - The company’s lithium carbonate production was approximately 8,700 tons, with sales reaching about 9,900 tons, indicating a recovery in the lithium market despite rising production costs[14] Strategic Initiatives - The company is advancing a new 40,000 tons/year integrated lithium salt project with a total investment of 7.098 billion RMB, optimizing the investment by approximately 14.58%[17] - The company has completed various preliminary procedures for the lithium project, including environmental impact assessments and land use permits, with total contract amounts for construction reaching approximately 3.808 billion RMB[19] - The company is adjusting its sales strategy in response to market dynamics, focusing on inventory digestion and risk control due to cautious purchasing behavior from downstream customers[13] - The company is closely monitoring market trends and enhancing communication with downstream enterprises to promote healthy industry development[16] Other Financial Metrics - The company reported a significant decrease in investment income, down 74.62% to ¥3,560,804.31 from ¥14,029,524.57 year-on-year[7] - The company reported a credit impairment loss of CNY 39,903,333.46 in Q1 2024, compared to a gain of CNY 1,792,597.47 in the previous year[23] - The company reported a significant decrease in cash paid for purchasing goods and services, which was CNY 1,242,006,401.14, down from CNY 2,128,809,678.35, a reduction of approximately 41.7%[27] - The cash paid for taxes was CNY 435,220,433.52, significantly lower than CNY 1,380,183,935.82 in the previous period, representing a decrease of about 68.4%[27]