上峰水泥(000672) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 909.08 million, a decrease of 34.61% compared to CNY 1,390.29 million in the same period last year[4]. - Net profit attributable to shareholders was CNY 14.60 million, down 91.54% from CNY 172.60 million year-on-year[4]. - The company's cash flow from operating activities decreased by 88.27%, amounting to CNY 10.72 million compared to CNY 91.41 million in the previous year[4]. - The company reported a significant decrease in cash flow from operations, indicating potential challenges in maintaining profitability[16]. - The net cash flow from operating activities decreased significantly by 88.27% to ¥10.72 million compared to ¥91.41 million in the same period last year, primarily due to a decline in operating profit[16]. - The net cash flow from financing activities decreased by 59.28% to ¥442.55 million from ¥1,086.76 million in the previous year, with new financing primarily for short-term liquidity needs of subsidiaries[16]. - The total operating revenue for Q1 2024 was CNY 909,084,583.66, a decrease of 34.5% compared to CNY 1,390,291,159.80 in the same period last year[26]. - The net profit for Q1 2024 was a loss of CNY 20,522,379.54, compared to a profit of CNY 157,843,024.90 in Q1 2023, indicating a significant decline in profitability[27]. - The total liabilities rose to CNY 9,019,447,635.44, compared to CNY 8,336,989,379.06 in the same period last year, marking an increase of 8.2%[24]. - The total equity attributable to shareholders of the parent company was CNY 8,857,348,321.26, slightly up from CNY 8,839,507,428.96 year-over-year[24]. Cash Flow Analysis - The net cash flow from investing activities was -¥75.11 million, a decrease of 77.84% from -¥338.90 million year-on-year, mainly due to reduced investment in asset matching projects[16]. - The net cash flow from investment activities was -¥75,109,842.57, an improvement from -¥338,896,103.58 in the previous period[32]. - Total cash inflow from operating activities was ¥1,065,190,834.20, down 25.8% from ¥1,435,965,886.64 in the prior period[31]. - Cash outflow from operating activities totaled ¥1,054,472,133.82, a decrease of 21.5% from ¥1,344,557,940.60 in the previous period[31]. - Cash inflow from investment activities was ¥275,612,129.52, down 55.2% from ¥614,937,768.31 in the prior period[32]. - Cash inflow from financing activities was ¥2,121,429,823.88, an increase of 8.5% compared to ¥1,955,050,386.19 in the prior period[32]. - The ending cash and cash equivalents balance was ¥2,388,276,291.32, down from ¥2,637,162,827.90 in the previous period[32]. - The company received tax refunds amounting to ¥9,304,657.03, an increase of 18.7% from ¥7,836,581.56 in the previous period[31]. - The company reported a cash outflow of ¥116,253,234.17 for taxes paid, down 32.3% from ¥171,354,569.26 in the previous period[31]. Asset Management - Total assets at the end of the reporting period were CNY 18.59 billion, an increase of 3.69% from CNY 17.92 billion at the end of the previous year[4]. - The total assets increased to CNY 18,585,852,697.78 in Q1 2024, up from CNY 17,924,743,679.09 in the previous year, representing a growth of 3.7%[24]. - The total current assets increased to ¥7.80 billion from ¥7.23 billion at the beginning of the period, with cash and cash equivalents at ¥4.48 billion[22]. - Long-term equity investments rose to ¥1.08 billion from ¥958.14 million, indicating growth in investment activities[22]. - The asset-liability ratio at the end of the period was 48.53%, an increase of 2.02 percentage points from the beginning of the year[11]. Strategic Initiatives - The company is focusing on cost control and efficiency improvement strategies to navigate the challenging market environment[8]. - The company has initiated a new photovoltaic power station with a cumulative installed capacity of 14.7 MW, generating 3.09 million kWh of green electricity in Q1[8]. - The company has implemented an employee stock ownership plan, which is reflected in the shareholding structure[19]. - Future strategies may include market expansion and new product development, although specific details were not disclosed in the current report[20]. - The company's financial performance reflects challenges in the market, necessitating strategic adjustments to improve profitability and operational efficiency[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,414, with no preferred shareholders[18]. - Zhejiang Shangfeng Holding Group Co., Ltd. holds 31.15% of shares, while Southern Cement Co., Ltd. holds 14.50%[18].