Financial Performance - Revenue for the first quarter of 2024 was CNY 221,229,782.21, a significant decrease of 75.82% from CNY 915,071,570.44 in the same period last year[9]. - Net profit attributable to shareholders for Q1 2024 was a loss of CNY 163,216,371.60, representing a decline of 799.90% compared to a profit of CNY 23,319,912.97 in Q1 2023[9]. - The gross profit margin for Q1 2024 was -14.19%, a decrease of 28.07 percentage points from the previous year, attributed to falling sales prices and insufficient production[11]. - Total revenue for Q1 2024 was ¥221,229,782.21, a decrease from ¥915,071,570.44 in Q1 2023, representing a decline of approximately 75.8%[32]. - The net loss for Q1 2024 was ¥163,216,416.33, contrasting with a net profit of ¥23,319,912.97 in Q1 2023, marking a significant shift in performance[34]. - Basic and diluted earnings per share for Q1 2024 were both -¥0.27, compared to ¥0.04 in Q1 2023, indicating a negative shift in earnings[34]. Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 364,815,821.68, but improved by 39.84% compared to the previous year's outflow of CNY 606,414,814.18[9]. - Cash inflow from operating activities for Q1 2024 was CNY 236,049,015.83, a decrease of 80.6% compared to CNY 1,216,484,779.86 in Q1 2023[39]. - Cash outflow from operating activities for Q1 2024 was CNY 600,864,837.51, down 67.0% from CNY 1,822,899,594.04 in Q1 2023[39]. - Net cash flow from operating activities for Q1 2024 was -CNY 364,815,821.68, an improvement of 39.9% compared to -CNY 606,414,814.18 in Q1 2023[39]. - Cash inflow from financing activities for Q1 2024 was CNY 1,149,950,000.00, a decrease of 10.7% from CNY 1,287,226,984.00 in Q1 2023[40]. - Net cash flow from financing activities for Q1 2024 was CNY 680,277,705.53, down 45.1% from CNY 1,238,035,098.08 in Q1 2023[40]. - Cash and cash equivalents at the end of Q1 2024 totaled CNY 421,306,944.77, a decrease of 57.8% from CNY 999,794,386.81 at the end of Q1 2023[40]. Assets and Liabilities - Total assets as of March 31, 2024, reached CNY 5,127,136,173.44, an increase of 2.69% compared to CNY 4,992,893,667.83 at the end of 2023[9]. - The total equity attributable to shareholders decreased by 5.98% to CNY 2,271,223,191.29 from CNY 2,415,736,509.08 at the end of 2023[9]. - Current liabilities rose to ¥2,625,890,333.75, compared to ¥2,542,262,141.62, reflecting an increase of about 3.3%[27]. - Total liabilities reached ¥2,855,913,026.88, up from ¥2,577,157,158.75, marking an increase of approximately 10.8%[28]. - Shareholders' equity decreased to ¥2,271,223,146.56 from ¥2,415,736,509.08, a decline of about 5.9%[28]. - The company reported a total of 2,300,081,080.78 CNY in current assets as of March 31, 2024, an increase from 2,173,296,503.15 CNY as of December 31, 2023, reflecting a growth of approximately 5.0%[25]. Borrowings and Financing - The company reported a significant increase in short-term borrowings, totaling CNY 1,211,786,932.01, up 37.56% due to efforts to enhance liquidity[10]. - Long-term borrowings increased dramatically by 5,614.29%, reaching CNY 200,000,000.00, reflecting a strategic shift in financing[10]. - Long-term borrowings increased significantly to ¥200,000,000.00 from ¥3,500,000.00, indicating a substantial rise in long-term financing[28]. Shareholder Information - The company successfully repurchased 5,000,000 shares, accounting for 0.82% of the total share capital, with a total expenditure of 42,722,572.78 CNY, which is 61.03% of the planned maximum repurchase amount[21]. - The second share repurchase plan aims to buy back shares at a price not exceeding 12.00 CNY per share, with a total budget of 1,500.00 million to 2,500.00 million CNY[21]. - The top ten shareholders collectively hold 229,437,346 shares, representing 37.52% of the total shares, with significant family ties among some shareholders[15]. - The company has no pledges or judicial freezes on shares held by major shareholders, ensuring stability in ownership[17]. - The company plans to propose the cancellation of previously repurchased shares and reduce registered capital, pending further research and approval processes[23]. Legal and Regulatory Environment - The company has not reported any litigation or arbitration matters during the reporting period, indicating a stable legal environment[20].
安达科技(830809) - 2024 Q1 - 季度财报