Financial Position - As of March 31, 2024, the total current assets amounted to RMB 156.97 billion, an increase from RMB 149.02 billion as of December 31, 2023, representing a growth of approximately 5.3%[11] - The total non-current assets reached RMB 346.27 billion, up from RMB 339.77 billion as of December 31, 2023, indicating an increase of about 1.5%[13] - The total assets of the company as of March 31, 2024, were RMB 503.24 billion, compared to RMB 488.79 billion at the end of 2023, reflecting a growth of approximately 2.9%[13] - Total liabilities as of March 31, 2024, amounted to RMB 309.69 billion, an increase from RMB 295.28 billion as of December 31, 2023[15] - Non-current liabilities totaled RMB 136.65 billion as of March 31, 2024, up from RMB 125.03 billion at the end of 2023[15] - Current liabilities increased to RMB 173.04 billion as of March 31, 2024, compared to RMB 170.24 billion at the end of 2023[15] - The company's total equity as of March 31, 2024, was RMB 193.55 billion, slightly up from RMB 193.51 billion at the end of 2023[17] Revenue and Profitability - Total operating revenue for Q1 2024 was RMB 37.02 billion, a decrease of 16.2% compared to RMB 44.19 billion in Q1 2023[19] - Net profit attributable to the parent company for Q1 2024 was a loss of RMB 1.35 billion, compared to a loss of RMB 526.15 million in Q1 2023[19] - The company reported a decrease in cash received from sales, totaling RMB 32.28 billion in Q1 2024, down from RMB 38.65 billion in Q1 2023[22] - The operating revenue for Q1 2024 was ¥2,543,391.19, significantly lower than ¥46,421,385.75 in Q1 2023, indicating a decline of approximately 94.5%[36] - The net profit attributable to the parent company for Q1 2024 was ¥92,032,638.44, compared to ¥290,960,235.26 in Q1 2023, representing a decline of approximately 68.4%[36] Cash Flow - Cash flow from operating activities for Q1 2024 showed a net outflow of RMB 5.99 billion, worsening from a net outflow of RMB 3.55 billion in Q1 2023[22] - Cash flow from investment activities for Q1 2024 resulted in a net outflow of RMB 3.65 billion, compared to a net outflow of RMB 5.07 billion in Q1 2023[22] - Operating cash flow for Q1 2024 was RMB 72,918,395.64, a significant improvement from a negative RMB 677,322,539.63 in Q1 2023, indicating a turnaround in operational efficiency[38] - Cash inflow from operating activities in Q1 2024 was RMB 1,666,898,360.49, a decrease of 65.9% from RMB 4,882,681,778.98 in Q1 2023[38] - Total cash outflow for operating activities in Q1 2024 was RMB 1,593,979,964.85, down 71.3% from RMB 5,560,004,318.61 in Q1 2023[38] - The net cash flow from financing activities for Q1 2024 was ¥11,286,735,202.96, a decrease of 17.5% compared to ¥13,693,002,010.87 in Q1 2023[24] - Total cash inflow from financing activities in Q1 2024 was RMB 6,300,000,000.00, down 49.3% from RMB 12,387,000,000.00 in Q1 2023[40] Investments and Financing - The company issued a total of RMB 20 billion in super short-term financing bonds in 2023, with the second tranche completed on November 15, 2023, at a principal amount of RMB 2 billion and an interest rate of 2.46%[4] - The first tranche of corporate bonds for 2024 was issued on April 23, 2024, with a total issuance scale of RMB 5 billion and a coupon rate of 2.18% for a 2-year term[6] - The company has been approved to issue up to RMB 20 billion in corporate bonds over the next 24 months, indicating a strategy for capital raising[6] - Long-term borrowings increased to ¥20,746,600,000.00 as of March 31, 2024, from ¥16,800,100,000.00 at the end of 2023, indicating a growth of about 23.3%[31] Inventory and Receivables - The company reported an increase in accounts receivable to RMB 53.18 billion as of March 31, 2024, compared to RMB 47.06 billion at the end of 2023, marking a rise of approximately 13.5%[11] - The inventory level rose to RMB 23.37 billion as of March 31, 2024, from RMB 21.13 billion at the end of 2023, representing an increase of about 10.6%[11] Cash and Equivalents - The company’s cash and cash equivalents stood at RMB 32.80 billion, up from RMB 32.27 billion as of December 31, 2023, showing a growth of approximately 1.6%[11] - The total cash and cash equivalents at the end of Q1 2024 amounted to ¥29,501,252,010.06, down from ¥31,990,015,285.38 at the end of Q1 2023[24] - Cash and cash equivalents at the end of Q1 2024 totaled RMB 1,019,777,912.18, down 57.3% from RMB 2,386,753,017.03 at the end of Q1 2023[41]
中国建材(03323) - 2024 Q1 - 季度业绩