亚钾国际(000893) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 633,276,084.88, a decrease of 25.89% compared to CNY 854,482,275.61 in the same period last year[5] - Net profit attributable to shareholders was CNY 81,184,002.51, down 75.82% from CNY 335,762,713.10 year-on-year[5] - Basic earnings per share decreased by 75.73% to CNY 0.0877 from CNY 0.3614 in the same period last year[5] - The net profit for Q1 2024 was approximately CNY 72.57 million, a decrease of 78.3% compared to CNY 334.54 million in the same period last year[20] - The total profit for Q1 2024 was CNY 80.62 million, down 80.2% from CNY 408.01 million in Q1 2023[20] - Operating profit for Q1 2024 was CNY 79.92 million, a decline of 80.5% from CNY 408.39 million in the previous year[20] Cash Flow - The net cash flow from operating activities was negative CNY 78,855,787.51, a decline of 117.24% compared to CNY 457,421,832.31 in the previous year[5] - Cash flow from operating activities for Q1 2024 was negative CNY 78.86 million, compared to positive CNY 457.42 million in the same period last year[22] - Cash flow from investing activities was negative CNY 823.36 million, an increase from negative CNY 487.89 million in Q1 2023[23] - Cash flow from financing activities was positive CNY 715.82 million, compared to negative CNY 19.43 million in the previous year[23] - The company reported cash and cash equivalents of CNY 564.36 million at the end of Q1 2024, down from CNY 1.66 billion at the end of Q1 2023[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 16,420,040,098.89, an increase of 4.60% from CNY 15,698,292,082.93 at the end of the previous year[5] - Non-current assets totaled CNY 15,012,344,908.83, an increase of 5.2% from CNY 14,265,439,552.81[18] - Total liabilities increased to CNY 3,727,893,378.48, compared to CNY 3,060,238,902.21 in the previous year, reflecting a growth of 21.8%[18] - Owner's equity totaled CNY 12,692,146,720.41, an increase from CNY 12,638,053,180.72 in the previous year[18] Shareholder Information - Total number of common shareholders at the end of the reporting period was 32,572[10] - The largest shareholder, China Agricultural Production Materials Group Co., held 15.60% of shares, totaling 144,913,793 shares[10] Operational Metrics - The company reported a production volume of 430,000 tons and sales volume of 298,500 tons for potassium chloride[13] - Total operating costs increased to CNY 554,283,761.84, up 24.1% from CNY 446,759,649.33 in the previous year[19] - Research and development expenses decreased to CNY 3,218,110.57, down 46.1% from CNY 5,972,770.60 in the prior year[19] Tax and Charges - The company incurred a tax and additional charges of CNY 77,708,128.27, a rise of 206.90% compared to CNY 25,320,556.94 in the previous year, mainly due to increased export taxes and resource taxes[8] - The company reported a tax expense of CNY 77,708,128.27, which is significantly higher than CNY 25,320,556.94 from the previous year[19] Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable, which rose by 494.72% to CNY 114,305,479.17 due to increased receivables during the reporting period[8] - Accounts receivable increased significantly to ¥114,305,479.17 from ¥19,220,120.61[16] - Inventory, including data resources, rose to ¥494,629,191.00 from ¥417,060,104.56[16] Borrowings and Investments - Long-term borrowings increased by 144.11% to CNY 1,367,000,000.00, primarily due to increased project loans[8] - Long-term borrowings rose significantly to CNY 1,367,000,000.00, compared to CNY 560,000,000.00 in the previous year[18] - The company’s long-term equity investments increased to ¥97,622,629.85 from ¥80,391,459.52[16] Other Information - The company completed the repurchase of shares, reaching a total of 1% of the company's total share capital[15] - The company plans to disclose expected related party transactions for 2024 on January 17, 2024[14] - The company has accumulated export tariffs of CNY 91,725,100.00 and shareholder dividend taxes of CNY 11,000,000.00, pending potential exemption from the Lao government[9] - The company has not disclosed any significant changes in the relationships among major shareholders[12] - The company did not undergo an audit for the Q1 2024 report[24] - The report indicates that the company will implement new accounting standards starting in 2024[24]