ELION(SH:600277)2024-04-29 15:20Financial Performance - The company's operating revenue for Q1 2024 was ¥1,318,272,268.85, representing a decrease of 14.14% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was -¥33,846,816.39, a decline of 88.72% year-on-year[5]. - The net cash flow from operating activities was ¥69,080,142.48, down 73.62% compared to the previous year[5]. - Basic earnings per share were -¥0.0095, reflecting a decrease of 88.75% year-on-year[5]. - The company reported a significant decrease in operating income by 51.16%, primarily due to a decline in sales prices and production halts at affected enterprises[14]. - Total operating revenue for Q1 2024 was ¥1,318,272,268.85, a decrease of 51.1% compared to ¥2,699,132,075.87 in Q1 2023[33]. - Operating profit for Q1 2024 was a loss of ¥81,973,394.30, compared to a profit of ¥23,860,624.14 in Q1 2023[33]. - Total profit for Q1 2024 was a loss of ¥83,867,252.64, contrasting with a profit of ¥24,038,765.17 in Q1 2023[33]. - The net profit for Q1 2024 was -90,386,561.99 RMB, a significant decline compared to a net profit of 17,466,725.36 RMB in Q1 2023, representing a year-over-year decrease of approximately 617%[35]. - Total comprehensive income for Q1 2024 was -90,272,668.70 RMB, compared to 17,864,178.41 RMB in Q1 2023, indicating a decline of about 605%[35]. Assets and Liabilities - Total assets at the end of the reporting period were ¥31,003,127,818.01, a decrease of 1.09% from the end of the previous year[5]. - The total liabilities as of the latest report were ¥11,947,553,027.60, a decrease from ¥12,180,409,647.27[28]. - Non-current liabilities totaled ¥4,787,210,317.82, down from ¥5,043,597,847.73[28]. - The total current assets as of March 31, 2024, amount to 6,141,593,074.03 RMB, a slight decrease from 6,189,970,071.13 RMB at the end of 2023[23]. - The total assets of the company as of March 31, 2024, were 23,298,200,106.10 RMB, compared to 23,164,632,390.13 RMB at the end of 2023, indicating a slight increase of approximately 0.58%[44]. - The total liabilities of the company as of March 31, 2024, were not explicitly stated but can be inferred from the balance sheet data provided[44]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 112,626[17]. - The largest shareholder, Yili Resources Group Co., Ltd., holds 1,219,243,000 shares, accounting for 34.24% of total shares[17]. - The second-largest shareholder, Three Gorges (Anhui) Energy Investment Co., Ltd., holds 397,800,000 shares, representing 11.17%[17]. - The company has no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[18]. Cash Flow and Investments - Cash and cash equivalents decreased to 3,777,814,604.25 RMB from 3,908,703,221.11 RMB[23]. - The company reported a net cash inflow from investment activities of ¥103,138,594.69 in Q1 2024, contrasting with a net outflow of ¥193,943,699.56 in Q1 2023[48]. - Cash inflow from financing activities in Q1 2024 was CNY 63,000,000.00, a significant decrease from CNY 848,500,000.00 in Q1 2023[59]. - The net cash flow from financing activities was -CNY 32,204,992.57 in Q1 2024, improving from -CNY 72,806,027.59 in Q1 2023[59]. - The ending cash and cash equivalents balance for Q1 2024 was CNY 319,340,796.03, down from CNY 549,532,517.04 in Q1 2023[59]. Research and Development - Research and development expenses decreased by 71.47%, mainly due to production halts at affected enterprises[14]. - Research and development expenses in Q1 2024 were ¥29,811,332.23, significantly lower than ¥104,500,873.34 in Q1 2023, indicating a reduction of 71.5%[33]. - R&D expenses in Q1 2024 were ¥13,140,049.31, a significant decrease of 59.3% from ¥32,224,616.76 in Q1 2023[47]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[47]. - The company plans to continue focusing on cost management and operational efficiency to improve cash flow in the upcoming quarters[58].