YCC(000878)2024-04-26 10:37Financial Performance - The company's operating revenue for Q1 2024 was ¥31,538,978,108.10, representing a 4.91% increase compared to ¥30,062,639,179.04 in the same period last year[3] - Net profit attributable to shareholders decreased by 5.64% to ¥451,486,916.95 from ¥478,463,198.69 year-on-year[3] - The company's basic earnings per share decreased by 5.65% to ¥0.2253 from ¥0.2388 in the same period last year[3] - The weighted average return on equity fell by 0.37 percentage points to 3.21% compared to 3.58% in the previous year[3] - The total comprehensive income for the current period was ¥323,298,901.78, down from ¥366,121,686.62 in the previous period[20] Cash Flow - The net cash flow from operating activities showed a significant decline of 509.31%, amounting to -¥6,150,053,067.58 compared to -¥1,009,348,020.44 in the previous year[3] - Cash flow from financing activities increased to 6,316,173,498.64, representing a growth of 189.62% year-on-year, primarily due to an increase in financing scale and a decrease in cash used for debt repayment[9] - Cash flow from investment activities turned negative at -578,005,088.91, a decline of 1480.85% year-on-year, primarily due to reduced cash inflow from hedging funds[8] - The net increase in cash and cash equivalents was -408,759,315.66 CNY, contrasting with an increase of 1,186,288,836.80 CNY in the previous year[22] Assets and Liabilities - Total assets increased by 23.29% to ¥48,553,954,699.57 from ¥39,380,370,960.71 at the end of the previous year[3] - The total liabilities amounted to CNY 31.10 billion, compared to CNY 22.22 billion at the beginning of the year, marking an increase of approximately 39.9%[17] - The company's equity attributable to shareholders reached CNY 14.20 billion, up from CNY 13.91 billion, reflecting a growth of about 2.1%[17] Inventory and Receivables - The company's inventory increased by 65.62% to ¥17,871,027,719.34, primarily due to rising copper prices and decreased downstream market demand[6] - The company reported a significant increase in accounts receivable, which rose to CNY 809.13 million from CNY 105.94 million, indicating a growth of approximately 664.5%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 146,630, with the largest shareholder, Yunnan Copper Group, holding 31.82%[10] - The indirect controlling shareholder, Chalco Group, plans to increase its stake in Yunnan Copper by acquiring between 20,036,283 and 40,072,566 shares, representing 1% to 2% of the total issued shares[14] Other Income and Expenses - Other income increased significantly by 331.18% to ¥70,931,793.17, driven by policies allowing for the offset of input VAT[7] - Research and development expenses increased to ¥82,138,736.58, up from ¥65,314,266.71 in the previous period, indicating a focus on innovation[18] - The company reported a decrease in financial expenses to ¥98,026,780.30 from ¥160,086,694.50, indicating better cost management[18]