新大洲A(000571) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥205,112,941.21, a decrease of 32.69% compared to ¥304,724,253.96 in the same period last year[5] - The net profit attributable to shareholders for Q1 2024 was a loss of ¥16,740,138.12, an improvement of 14.70% from a loss of ¥19,624,163.07 in Q1 2023[5] - The net cash flow from operating activities was -¥21,579,703.65, a significant decline of 117.44% compared to ¥123,720,475.48 in the previous year[14] - The weighted average return on equity for Q1 2024 was -4.66%, an improvement of 0.72% from -5.38% in the same period last year[5] - The total operating revenue for Q1 2024 was CNY 205,112,941.21, a decrease of 32.7% compared to CNY 304,724,253.96 in the same period last year[31] - Net profit for Q1 2024 was a loss of CNY 13,007,486.40, compared to a profit of CNY 5,303,259.66 in Q1 2023[32] - The company reported a significant increase in tax expenses, amounting to CNY 4,861,410.51, compared to CNY 16,564,072.81 in the previous year[32] - The total comprehensive income attributable to the parent company was -19,900,369.64 CNY, compared to -13,932,159.60 CNY in the previous period, indicating a decline[33] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥2,814,047,683.35, a decrease of 2.27% from ¥2,879,381,359.33 at the end of the previous year[5] - Total liabilities decreased to CNY 1,695,934,648.76 from CNY 1,761,544,890.86, a reduction of 3.7%[30] - The equity attributable to shareholders of the parent company was CNY 355,103,318.84, down from CNY 365,197,430.53, a decrease of 2.9%[30] - Non-current liabilities due within one year increased by 57.22% to 327,669,492.48, due to the reclassification of long-term borrowings[15] - Long-term borrowings were reclassified to non-current liabilities due within one year, resulting in a 100% decrease in long-term borrowings reported[15] Cash Flow - The net cash flow from operating activities was -21,579,703.65 CNY, a significant decrease from 123,720,475.48 CNY in the previous period[34] - Cash received from the sale of goods and services was 237,702,758.09 CNY, down from 345,603,838.27 CNY year-over-year, reflecting a decrease of approximately 31.2%[33] - The net cash flow from investing activities was -16,737,563.83 CNY, compared to -19,152,722.00 CNY in the previous period, showing a slight improvement[34] - Cash and cash equivalents at the end of the period totaled 503,127,883.40 CNY, down from 464,000,210.13 CNY in the previous period[34] - The net cash flow from financing activities was -8,783,015.19 CNY, worsening from -4,312,001.20 CNY in the previous period[34] Operational Challenges - The company reported a decrease in coal sales revenue from its subsidiary, Wujin Group, which generated ¥204 million in revenue, down 18.65% year-on-year[10] - The net profit contribution from Wujin Group was ¥4,271,800, a decrease of 83.77% compared to the previous year[10] - Operating income decreased by 96.42% to 131,732.13, mainly due to a reduction in operating income from the Wujiao Group[15] - Minority shareholders' profit decreased by 85.03% to 3,732,651.72, primarily due to a reduction in net profit from the Wujiao Group[15] - The company plans to focus on improving operational efficiency and reducing financial costs in response to the declining revenue trends[10] Legal and Corporate Actions - The company is involved in multiple legal disputes, including a case against Cai Laiyin and others, which is currently under review by the Supreme People's Court[20] - The company has initiated arbitration against Zaozhuang Mining Group regarding a dispute over mining rights transfer agreements[22] - The company plans to issue A-shares through a private placement, as approved in the board meeting on March 15, 2024[24] - The company has reduced its stake in Taoyuan Mall from 40% to 30.25% due to changes in debt obligations related to litigation[23] Other Financial Metrics - The financial expenses for Q1 2024 were ¥7,813,468.27, a decrease of 60.45% from ¥19,756,502.39 in Q1 2023, mainly due to increased exchange gains[12] - The company reported a basic and diluted earnings per share of -0.0201 CNY, an improvement from -0.0241 CNY in the previous period[33] - The company incurred a credit impairment loss of CNY 400,392.18, contrasting with a gain of CNY 4,047.01 in the previous period[32] - The company's long-term equity investments slightly decreased to ¥454.21 million from ¥456.72 million, a decrease of approximately 0.5%[28]