NARADA(300068)2024-04-23 12:32Financial Performance - The company's operating revenue for Q1 2024 was ¥2,982,559,661.03, a decrease of 28.93% compared to the same period last year[4] - Net profit attributable to shareholders was ¥82,585,785.32, down 18.34% year-over-year[4] - The net profit after deducting non-recurring gains and losses was ¥34,183,732.85, a significant decline of 62.95% compared to the previous year[4] - The net cash flow from operating activities was -¥217,768,013.24, representing a decrease of 404.77% from the same period last year[4] - Total operating revenue for the current period is 4,196,736,479.83 in the previous period[45] - Net profit for the current period is 104,904,507.72 in the previous period[48] - The total comprehensive income for the current period is 113,068,817.11 in the previous period, a decline of about 32%[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥20,195,758,656.50, an increase of 10.94% from the end of the previous year[4] - The balance of accounts receivable increased by 30.95% year-over-year, totaling ¥397,112.49 million, due to changes in customer structure[9] - The balance of prepayments increased by 74.30% year-over-year, amounting to ¥61,540.91 million, primarily due to increased advance payments for goods[9] - The balance of construction in progress increased by 41.58% year-over-year, reaching ¥109,384.99 million, driven by investments in lithium battery projects[17] - The balance of long-term borrowings increased by 57.06% year-over-year, totaling ¥231,177.15 million, due to increased loans for fixed assets[17] - Total liabilities amount to 12,905,707,296.90 in the previous period[44] - The total liabilities increased to 11,154,421,979.29 from 10,066,283,041.48[42] Cash Flow - The net cash flow from operating activities decreased to -217,768,013.24 from 71,454,106.06 in the previous period[36] - Cash inflow from operating activities totaled 3,996,754,035.90, down from 4,287,448,769.28[36] - Cash outflow from operating activities remained stable at 4,214,522,049.14 compared to 4,215,994,663.22 in the previous period[36] - The net cash flow from investing activities was -752,650,760.34, significantly worse than -7,577,190.52 previously[39] - The company reported a net cash outflow from investment activities of -¥75,265.08 million, a decrease of 9833.11% year-over-year due to new expenditures on lithium battery projects[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,104[30] - The top shareholder, Hangzhou Nandu Power Co., Ltd., held 8.68% of the shares, amounting to 75,766,340 shares[30] Investment and Growth - The company plans to continue expanding its lithium battery production capacity in response to market demand[29] - Investment income for the period was ¥33,955.4 million, a significant increase of 1643.22% year-over-year due to gains from the disposal of long-term equity investments[27] Other Financial Metrics - Earnings per share (EPS) for the current period is 0.12 in the previous period[51] - The company reported a decrease in research and development expenses to 83,473,140.89, reflecting an increase of about 13%[45] - Other income for the current period is 130,629,842.86, a decrease of approximately 25%[45] - The company has reported a significant increase in credit impairment losses to 26,747,993.06, indicating a decrease in asset quality[48]