Financial Performance - The company's operating revenue for Q1 2024 was RMB 1,437,775,429.95, representing a year-on-year increase of 0.80% compared to RMB 1,426,425,959.62 in the same period last year[2] - The net profit attributable to shareholders was a loss of RMB 6,353,117.41, a decline of 151.04% from a profit of RMB 12,446,203.87 in the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 9,261,251.99, compared to a profit of RMB 2,899,850.66 in the same period last year, marking a decrease of 419.37%[2] - Total revenue for Q1 2024 was approximately CNY 1.44 billion, a slight increase of 0.9% compared to CNY 1.43 billion in Q1 2023[19] - Net profit for Q1 2024 was CNY 1.21 million, a significant decrease of 94.5% compared to CNY 21.79 million in Q1 2023[20] - The company's basic earnings per share for Q1 2024 was -CNY 0.0098, compared to CNY 0.0193 in Q1 2023[20] Assets and Liabilities - The total assets at the end of the reporting period were RMB 12,364,578,491.85, a decrease of 0.51% from RMB 12,427,698,664.06 at the end of the previous year[2] - The total liabilities decreased slightly to RMB 7,310,122,681.99 from RMB 7,374,452,289.77, a reduction of about 0.87%[16] - The company's short-term borrowings increased to RMB 917,962,482.38 from RMB 760,656,246.99, marking an increase of approximately 20.66%[15] - Non-current assets totaled RMB 8,136,591,308.50, a slight increase from RMB 8,113,333,811.14, reflecting a growth of about 0.29%[14] - The company's total equity increased slightly to approximately CNY 5.05 billion as of March 31, 2024, compared to CNY 5.05 billion as of December 31, 2023[17] Cash Flow - The cash flow from operating activities showed a net outflow of RMB 74,387,649.98, compared to a net outflow of RMB 204,756,028.87 in the previous year[5] - The company reported a net cash flow from operating activities of approximately -CNY 74.39 million in Q1 2024, an improvement from -CNY 204.76 million in Q1 2023[22] - Cash inflow from financing activities in Q1 2024 was approximately CNY 218.47 million, a decrease from CNY 765.41 million in Q1 2023[23] - The cash flow from financing activities decreased by 71.46% to RMB 218,465,452.70 from RMB 765,414,897.09, reflecting tighter control over financing needs[5] Inventory and Receivables - The company reported a significant decrease in accounts receivable, which dropped by 100% to RMB 0.00 from RMB 187,071,244.67[5] - Accounts receivable rose to RMB 1,371,495,421.79, up from RMB 1,290,872,150.78, indicating an increase of approximately 6.27%[13] - The company's inventory increased to RMB 813,781,497.71 from RMB 686,887,235.96, representing a rise of approximately 18.46%[13] Construction and Development - The construction in progress increased by 55.95% to RMB 2,764,436,946.12 from RMB 1,772,629,520.09, attributed to the completion of production line upgrades[5] - The company reported a significant increase in construction in progress, rising to RMB 2,764,436,946.12 from RMB 1,772,629,520.09, which is an increase of approximately 55.91%[14] Government Support and Expenses - The company received government subsidies amounting to RMB 3,253,243.41, which positively impacted its financial performance[3] - Research and development expenses for Q1 2024 were approximately CNY 54.51 million, down 6.3% from CNY 58.20 million in Q1 2023[19] Cash and Equivalents - The company's cash and cash equivalents increased to RMB 282,195,265.62 from RMB 273,462,436.65, representing a growth of about 3.67%[13] - Cash and cash equivalents increased by 34,171,418.77 in Q1 2024, compared to a decrease of 299,747,276.63 in Q1 2023[24] - The ending balance of cash and cash equivalents for Q1 2024 is 263,328,163.42, down from 785,295,092.74 in Q1 2023[24] - The impact of exchange rate changes on cash and cash equivalents was 729,400.08 in Q1 2024, compared to 180,364.62 in Q1 2023[24]
凯盛新能(01108) - 2024 Q1 - 季度业绩