Financial Performance - The company reported operating revenue of approximately RMB 12,833.61 million for the first quarter of 2024, representing a decrease of 45.34% compared to the same period last year[4]. - The net loss attributable to shareholders of the parent company was approximately RMB 1,308.58 million, an increase of 294.57% year-on-year[4]. - The basic earnings per share for the quarter was RMB -0.12, reflecting a decrease of 294.57% compared to the previous year[4]. - Operating revenue decreased by 45.3% primarily due to a year-on-year decline in cement and real estate income[8]. - Net profit attributable to shareholders decreased by 294.57%[8]. - Basic earnings per share decreased by 294.57 yuan per share[8]. - The total profit decreased by 173.9% primarily due to a decline in revenue and gross profit[8]. - The net profit for Q1 2024 was a loss of CNY 2.08 billion, compared to a loss of CNY 843.15 million in Q1 2023[22]. - The company reported an operating profit loss of CNY 2.01 billion in Q1 2024, worsening from a loss of CNY 743.89 million in Q1 2023[22]. - The total comprehensive income for Q1 2024 was a loss of CNY 2.09 billion, compared to a loss of CNY 860.93 million in Q1 2023[23]. Cash Flow - The net cash flow from operating activities was approximately RMB -4,919.45 million, a decline of 450.90% year-on-year[4]. - Cash inflow from operating activities decreased to approximately 17.54 billion RMB, down from 28.06 billion RMB in the same period last year, resulting in a net cash outflow of approximately 4.92 billion RMB[26]. - Cash inflow from investment activities was approximately 461.97 million RMB, while cash outflow totaled approximately 1.70 billion RMB, leading to a net cash outflow of approximately 1.24 billion RMB[27]. - The total cash and cash equivalents at the end of the period amounted to approximately 15.18 billion RMB, an increase from 14.45 billion RMB at the end of the previous year[27]. - The cash inflow from operating activities was CNY 6,448,668,964.04, a decrease of 17.8% compared to CNY 7,846,078,199.59 in Q1 2023[28]. - The net cash flow from operating activities turned positive at CNY 2,228,557,000.86, compared to a negative cash flow of CNY -201,098,728.54 in the same period last year[28]. - Cash inflow from financing activities amounted to CNY 15,251,000,000.00, slightly up from CNY 15,141,000,000.00 in Q1 2023[29]. - The net cash flow from financing activities increased to CNY 2,418,133,661.17, compared to CNY 769,075,925.38 in the previous year[29]. - The total cash and cash equivalents at the end of Q1 2024 reached CNY 10,599,690,296.55, up from CNY 6,604,178,307.6 in Q1 2023[29]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 273,127.71 million, an increase of 1.28% from the end of the previous year[4]. - Current assets totaled CNY 144.29 billion, up from CNY 141.07 billion, indicating a growth of about 1.57%[15]. - Total liabilities were reported at CNY 144.29 billion, reflecting a slight increase from the previous period[16]. - Long-term borrowings increased by 35.1% compared to the beginning of the period[8]. - Total liabilities increased to ¥181.13 billion from ¥175.31 billion, a rise of approximately 4.6%[17]. - Current liabilities decreased to ¥109.07 billion from ¥117.60 billion, a decline of about 7.5%[17]. - Total equity decreased to ¥64.54 billion from ¥64.83 billion, a decline of about 0.4%[20]. - The total owner's equity (or shareholder equity) amounted to ¥92.00 billion, down from ¥94.36 billion, a decrease of approximately 2.5%[17]. Non-Recurring Items - Non-recurring gains and losses included a loss from the disposal of non-current assets amounting to RMB 44.44 million[5]. - The company received government subsidies amounting to RMB 82.71 million, which are closely related to its normal business operations[5]. - The company reported a total of RMB 89.36 million in other non-recurring gains and losses after tax adjustments[6]. - The company recognized VAT refunds amounting to RMB 10.07 million, in compliance with national policy regulations[7]. Investments and Expenses - Investment income increased by 4,956.8% due to the recognition of investment income from cooperative projects[8]. - Research and development expenses increased to CNY 133.09 million in Q1 2024, up 27.6% from CNY 104.34 million in Q1 2023[21]. - The company recorded investment income of CNY 314.53 million in Q1 2024, a significant increase from CNY 6.22 million in Q1 2023[21]. - The company’s financial expenses for Q1 2024 were CNY 780.83 million, an increase from CNY 695.24 million in Q1 2023[21]. Shareholder Information - The number of common shareholders at the end of the reporting period was 115,005[10].
金隅集团(02009) - 2024 Q1 - 季度业绩