LOPAL(SH:603906)2024-04-29 12:47Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,474,473,563.26, representing a decrease of 29.24% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 78,044,956.05, an increase in loss of 64.96% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 114,344,910.74, reflecting a decrease of 55.32% compared to the previous year[10]. - The basic and diluted earnings per share were both CNY -0.14, a decrease of 65.00% year-on-year[5]. - The weighted average return on equity was -2.29%, an increase of 2.55 percentage points compared to the previous year[5]. - Total operating revenue for Q1 2024 was ¥1,474,473,563.26, a decrease of 29.1% compared to ¥2,083,647,355.13 in Q1 2023[21]. - Net loss for Q1 2024 was ¥97,413,721.27, compared to a net loss of ¥279,805,717.68 in Q1 2023, representing a 65.2% improvement[23]. - Operating profit for Q1 2024 was -¥106,732,287.27, an improvement from -¥332,353,604.58 in Q1 2023[21]. - The company's total equity decreased to ¥4,119,140,889.09 in Q1 2024 from ¥4,181,065,728.75 in Q1 2023, a decline of 1.5%[21]. - The company reported a total comprehensive loss of ¥98,870,635.80 for Q1 2024, compared to a total comprehensive loss of ¥279,811,956.00 in Q1 2023, indicating a significant reduction in losses[23]. Cash Flow and Assets - The net cash flow from operating activities was CNY 96,828,735.87, an increase of 121.04% year-on-year[5]. - In Q1 2024, the company reported cash inflows from operating activities of CNY 1,340,729,188.46, a significant increase of 52.2% compared to CNY 880,126,293.94 in Q1 2023[25]. - The net cash flow from operating activities was CNY 96,828,735.87, recovering from a negative cash flow of CNY -460,297,535.13 in the same period last year[25]. - Cash outflows for purchasing goods and services decreased to CNY 918,380,104.76 from CNY 1,105,294,692.01, reflecting a reduction of 16.9%[25]. - The company's cash and cash equivalents decreased to CNY 2,448,519,301.18 from CNY 3,309,328,598.13, representing a decline of about 26%[17]. - The company's cash and cash equivalents at the end of Q1 2024 stood at CNY 2,215,498,821.21, down from CNY 3,052,212,652.56 at the end of Q1 2023[26]. - The company reported a total cash inflow from investment activities of CNY 71,215,924.54, up from CNY 41,519,829.21 in Q1 2023[25]. - The company received CNY 134,200,105.77 from investments in Q1 2024, compared to CNY 60,000,000.00 in the same period last year, marking a 123.7% increase[26]. - The impact of exchange rate changes on cash and cash equivalents was a decrease of CNY -827,498.30 in Q1 2024, compared to CNY -187,742.23 in Q1 2023[26]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 17,524,098,354.48, an increase of 1.73% from the end of the previous year[6]. - As of March 31, 2024, the company's total assets amounted to CNY 17,524,098,354.48, an increase from CNY 17,226,826,558.48 as of December 31, 2023, reflecting a growth of approximately 1.73%[17]. - The equity attributable to shareholders decreased by 3.73% to CNY 3,323,373,054.16 compared to the end of the previous year[6]. - The company's total current liabilities decreased to CNY 9,383,320,994.88 from CNY 9,632,461,858.87, a decrease of approximately 2.58%[18]. - The total non-current assets increased to CNY 9,166,625,636.17 from CNY 8,839,529,887.79, reflecting a growth of about 3.69%[18]. - The company's short-term borrowings decreased to CNY 4,754,979,894.25 from CNY 5,067,509,373.23, a decline of approximately 6.16%[18]. - The total liabilities increased to ¥13,404,957,465.39 in Q1 2024 from ¥13,045,760,829.73 in Q1 2023, reflecting a growth of 2.8%[21]. - Total non-current liabilities rose to ¥4,021,636,470.51 in Q1 2024, up from ¥3,413,298,970.86 in Q1 2023, marking an increase of 17.8%[21]. Shareholder Information - The company reported a total of 59,285 common shareholders at the end of the reporting period[12]. - The company reported a total of 238,182,052 shares held by the three major shareholders, accounting for 42.15% of the total share capital[14]. - The company has not reported any significant changes in the participation of major shareholders in margin trading and securities lending activities[14]. - There are no other significant reminders regarding the company's operational situation during the reporting period[15]. Cost Management - Total operating costs for Q1 2024 were ¥1,707,027,576.61, down 23.4% from ¥2,227,437,609.21 in Q1 2023[21]. - The profit reduction was primarily due to the loss reduction in the lithium iron phosphate cathode material business[9].