CBG(000009)2024-04-29 11:57Financial Performance - The company's operating revenue for Q1 2024 was CNY 4,999,751,793.71, a decrease of 39.24% compared to CNY 8,228,499,170.23 in the same period last year[3]. - Net profit attributable to shareholders was CNY 70,773,244.88, down 70.43% from CNY 239,346,190.45 year-on-year[3]. - Basic earnings per share were CNY 0.0274, a decline of 70.47% compared to CNY 0.0928 in the same period last year[3]. - The total comprehensive income for Q1 2024 was CNY 252,086,001.79, down from CNY 443,624,965.03 in Q1 2023, reflecting a decline of 43.2%[13]. - In Q1 2024, the net profit of China Baoan Group was CNY 275,970,813.74, a decrease of 40.7% compared to CNY 466,266,526.51 in the same period last year[12]. - The company's operating profit for Q1 2024 was CNY 447,121.31, compared to a loss of CNY 3,107,523.79 in Q1 2023, indicating a significant recovery[12]. - The company reported a net profit margin decline due to reduced revenue and increased costs, impacting overall profitability[11]. Cash Flow - The net cash flow from operating activities decreased by 45.28% to CNY 945,353,375.94 from CNY 1,727,503,958.72 in the previous year[3]. - Total cash inflow from operating activities was CNY 5,377,310,860.15, down 36.8% from CNY 8,474,847,685.66 in the previous year[15]. - Cash outflow from operating activities totaled CNY 4,431,957,484.21, a decrease of 34.3% compared to CNY 6,747,343,726.94 in Q1 2023[15]. - The net cash flow from investing activities was CNY -2,380,212,934.88, compared to CNY -727,360,643.47 in the same period last year[15]. - The net cash flow from financing activities was CNY 2,391,801,952.31, a substantial increase from CNY 28,269,381.61 in Q1 2023[15]. - The ending balance of cash and cash equivalents was CNY 9,606,576,960.96, up from CNY 8,888,564,051.23 at the end of Q1 2023[15]. - The company’s cash and cash equivalents increased by CNY 952,480,261.37 during the quarter, compared to an increase of CNY 1,036,730,692.66 in Q1 2023[15]. Assets and Liabilities - Total assets increased by 4.15% to CNY 52,177,324,572.50 from CNY 50,100,025,790.84 at the end of the previous year[3]. - Total liabilities increased to CNY 30,697,050,703.51 from CNY 29,076,869,622.03, reflecting a rise of 5.6%[11]. - The company's equity attributable to shareholders rose to CNY 10,044,687,265.48 from CNY 9,932,193,503.06, an increase of 1.1%[11]. - The company’s financial report indicates a stable increase in receivables, with accounts receivable amounting to ¥289,690,861.25[9]. - Accounts receivable decreased to CNY 4,494,286,426.61 from CNY 4,929,686,236.31, indicating a decline of 8.8%[10]. - Inventory increased slightly to CNY 10,612,712,170.75 from CNY 10,536,290,414.81, showing a growth of 0.7%[10]. - Short-term borrowings rose to CNY 2,377,265,694.95 from CNY 2,012,847,287.81, an increase of 18.1%[11]. Investments and Shareholders - The company reported a significant increase of 75.13% in trading financial assets, reaching CNY 1,085,811,862.55 due to an increase in wealth management investments[5]. - The company experienced a 142.29% rise in prepayments, totaling CNY 290,581,024.03, attributed to increased material procurement payments[5]. - Investment income showed a drastic decline of 135.76%, resulting in a loss of CNY 98,962,411.07 compared to a profit of CNY 276,739,569.40 in the previous year[5]. - The company has signed a supplementary agreement for a joint venture project with STELLAR INVESTMENT PTE. LTD. to increase investment in the integrated project for producing 80,000 tons of new energy lithium battery anode materials annually[8]. - The top shareholder, Shenzhen Chengxing Investment Co., Ltd., holds 17.55% of the shares, with a total of 452,559,574 shares[6]. - The second-largest shareholder, Shaoguan High-tech Enterprise Management Co., Ltd., owns 16.02% of the shares, totaling 413,150,033 shares[6]. - The company reported that the top ten shareholders collectively hold a significant portion of the shares, with the first three shareholders having no related party relationships[6]. - The company has a total of 177,969 common shareholders as of the end of the reporting period[6]. - The company has not reported any changes in the top ten shareholders due to securities lending or borrowing activities during the reporting period[7]. Future Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[11].