当升科技(300073) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥1,516,723,369.72, a decrease of 67.67% compared to ¥4,692,020,945.03 in the same period last year[4] - Net profit attributable to shareholders for Q1 2024 was ¥110,386,383.04, down 74.36% from ¥430,606,841.47 year-on-year[4] - Basic and diluted earnings per share for Q1 2024 were both ¥0.2179, reflecting a 74.37% decrease from ¥0.8502 in the same quarter last year[5] - Operating profit for Q1 2024 was ¥124,563,698.42, down 75.8% from ¥514,763,758.19 in Q1 2023[30] - The company reported a total profit of ¥125,003,128.34 for Q1 2024, down 75.8% from ¥515,545,885.33 in Q1 2023[30] Cash Flow - The net cash flow from operating activities was -¥147,789,018.62, a decline of 72.24% compared to -¥85,804,303.19 in the previous year[4] - Cash flow from operating activities was ¥1,879,662,286.77, down 54.5% from ¥4,130,984,707.86 in the previous year[32] - The net cash flow from operating activities for Q1 2024 was -147,789,018.62 CNY, compared to -85,804,303.19 CNY in Q1 2023, indicating a decline in operational cash flow[33] - The net cash flow from investing activities decreased by 366.15% year-on-year, mainly attributed to the purchase of structured deposits that have not yet matured[18] - The net cash flow from financing activities increased by 84.96% year-on-year, primarily due to capital injections from minority shareholders of subsidiaries and project funds obtained through entrusted loans from the mining group[19] Assets and Liabilities - Total assets as of March 31, 2024, were ¥16,595,923,139.91, a decrease of 4.67% from ¥17,409,813,163.19 at the end of the previous year[5] - Total liabilities as of March 31, 2024, were CNY 3,116,988,498.29, a reduction of 24.62% from CNY 4,135,162,209.40 at the end of 2023[12] - The total current assets decreased from CNY 12,565,629,053.76 to CNY 11,674,145,898.56, a decline of approximately 7.1%[27] - The company reported a total asset decrease from CNY 17,409,813,163.19 to CNY 16,595,923,139.91, a decline of approximately 4.7%[29] Equity and Shareholder Information - The company's equity attributable to shareholders increased by 0.84% to ¥13,186,357,064.12 compared to ¥13,075,967,833.76 at the end of the previous year[5] - The total equity attributable to the parent company increased to CNY 13,186,357,064.12, reflecting a growth of 0.84% from CNY 13,075,967,833.76 at the end of 2023[13] - The total number of ordinary shareholders at the end of the reporting period was 75,348[20] - The largest shareholder, Mining Technology Group Co., Ltd., holds a 23.19% stake in the company[20] Expenses - Operating costs for Q1 2024 were CNY 1,290,951,595.17, down 67.08% from CNY 3,921,038,259.56 in the same period last year[15] - The company's R&D expenses for Q1 2024 were CNY 92,415,763.60, a decrease of 45.15% compared to CNY 168,477,783.74 in Q1 2023[15] - The company's tax expenses decreased by 77.98%, amounting to CNY 18,708,567.90, due to a reduction in total profit[15] - Cash paid to employees increased to 197,508,171.28 CNY in Q1 2024 from 161,759,478.40 CNY in Q1 2023, reflecting a rise of approximately 22%[33] Inventory and Receivables - Inventory increased by 33.71% to ¥926,626,877.98, primarily due to the commencement of production at new facilities[9][10] - The company reported a decrease in accounts receivable by 19.08% to ¥2,356,225,109.02, compared to ¥2,911,868,296.90 at the end of the previous year[9] - Accounts receivable decreased from CNY 2,911,868,296.90 to CNY 2,356,225,109.02, representing a decline of approximately 19%[27] Other Financial Metrics - Non-operating income for the period totaled ¥6,161,976.63, after accounting for tax impacts and minority interests[6] - The company's financial expenses saw a significant decrease of 1467.86%, resulting in a gain of CNY 33,082,793.00 in Q1 2024[14] - The impact of exchange rate fluctuations on cash and cash equivalents increased by 342.34% year-on-year, mainly due to an increase in exchange gains during the reporting period[19] - The company did not conduct an audit for the Q1 2024 report, as indicated in the announcement[34]