永兴材料(002756) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥2,300,216,008.45, a decrease of 31.07% compared to ¥3,336,985,077.72 in the same period last year[4] - The net profit attributable to shareholders for Q1 2024 was ¥468,256,875.45, down 49.70% from ¥930,964,066.33 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥308,004,752.08, a decline of 67.14% compared to ¥934,528,869.57 in the previous year[4] - The basic earnings per share for Q1 2024 was ¥0.88, down 49.43% from ¥2.26 in the same period last year[4] - Net profit for Q1 2024 was ¥478,676,961.25, a decline of 50.7% compared to ¥971,181,482.26 in Q1 2023[19] - Earnings per share (EPS) for Q1 2024 was ¥0.88, down from ¥1.74 in the previous year[19] - The total comprehensive income for Q1 2024 was ¥478,664,487.50, down from ¥971,064,459.65 in Q1 2023[19] Cash Flow - The net cash flow from operating activities was -¥173,690,203.31, a significant drop of 113.44% from ¥1,291,974,041.49 in Q1 2023[4] - The total cash inflow from operating activities for Q1 2024 was CNY 2,206,177,111.10, a decrease of 39.0% compared to CNY 3,623,390,348.01 in the same period last year[21] - The net cash outflow from operating activities was CNY -173,690,203.31, contrasting with a net inflow of CNY 1,291,974,041.49 in Q1 2023[21] - Cash inflow from investment activities totaled CNY 200,091,725.84, significantly higher than CNY 11,012,930.01 in the previous year[22] - The net cash flow from financing activities was CNY 642,778,481.59, recovering from a net outflow of CNY -127,967,345.86 in Q1 2023[22] - The ending balance of cash and cash equivalents was CNY 9,903,068,658.17, down from CNY 10,142,541,564.90 at the end of Q1 2023[22] - The company received CNY 868,379,722.73 in cash from borrowings during the quarter[22] - Cash paid for dividends, profits, or interest was CNY 8,366,571.35, a decrease from CNY 127,967,345.86 in the previous year[22] - Cash paid to employees increased to CNY 112,031,207.62 from CNY 91,040,045.67 in Q1 2023[21] - The cash outflow for purchasing goods and services was CNY 1,693,728,063.79, compared to CNY 1,577,777,546.60 in the same period last year[21] - The company reported a foreign exchange impact on cash and cash equivalents of CNY -274,657.96 for the quarter[22] Assets and Liabilities - Total assets as of March 31, 2024, were ¥15,946,152,980.63, an increase of 2.84% from ¥15,506,219,373.71 at the end of the previous year[4] - The total liabilities increased to ¥2,390,552,748.11, up from ¥2,230,537,953.70 in the previous period[16] - The equity attributable to shareholders increased to ¥13,250,540,279.54, up 2.08% from ¥12,980,850,206.76 at the end of last year[4] - Current assets totaled 12.262 billion yuan, up from 11.808 billion yuan at the beginning of the period[15] - Cash and cash equivalents amounted to 9.999 billion yuan, compared to 9.440 billion yuan at the beginning of the period[15] - Accounts receivable increased to 305.518 million yuan from 153.667 million yuan[15] - Inventory decreased to 763.337 million yuan from 1.096 billion yuan[15] - Long-term equity investments rose to 285.808 million yuan from 276.454 million yuan[15] - Fixed assets decreased to 2.765 billion yuan from 2.825 billion yuan[15] Business Operations - The company reported a significant increase in other income, which reached ¥202,211,385.41, a rise of 3396.75% compared to ¥5,782,834.66 in the previous year[7] - The company experienced a 98.82% increase in accounts receivable, totaling ¥305,518,404.09, primarily due to increased receivables from the lithium battery business[7] - The company’s short-term borrowings increased to ¥853,379,722.73, reflecting a rise in bank short-term loans during the reporting period[7] - The lithium battery new energy business achieved sales of 6,900 tons of lithium carbonate, resulting in a net profit attributable to shareholders of 351.4463 million yuan[12] - The mining license for the subsidiary was updated, increasing the production capacity from 3 million tons per year to 9 million tons per year[12] - The company repurchased a total of 7,608,491 shares, accounting for 1.41% of the total share capital, with a total transaction amount of 364,216,746.85 yuan[13] Research and Development - Research and development expenses were ¥73,064,574.05, a decrease of 38.3% from ¥118,614,026.63 year-over-year[18] - The company reported a financial income of ¥68,222,608.68, an increase from ¥62,677,926.67 in the same period last year[18]