晶澳科技(002459) - 2024 Q1 - 季度财报

Financial Performance - Revenue for Q1 2024 was RMB 15.97 billion, a decrease of 22.02% compared to the same period last year[4] - Net profit attributable to shareholders was a loss of RMB 482.83 million, a decrease of 118.70% year-over-year[4] - Operating income for the quarter was 15.97 billion yuan, a decrease of 22.01% compared to 20.48 billion yuan in the same period last year[17] - Net profit attributable to the parent company's owners was 1.66 billion yuan, a decrease of 2.83% from 1.71 billion yuan in the previous year[16] - Net profit attributable to parent company owners was -482.83 million yuan, compared to 2.58 billion yuan in the same period last year[18] - Total comprehensive income was -565.46 million yuan, compared to 2.65 billion yuan in the same period last year[19] - Basic earnings per share were -0.15 yuan, compared to 0.79 yuan in the same period last year[19] Cash Flow and Liquidity - Operating cash flow was negative RMB 3.54 billion, a decrease of 286.80% compared to the same period last year[4] - Cash flow from financing activities increased by 533.30% to RMB 7.88 billion, driven by increased borrowing[8] - Cash flow from operating activities was -3.54 billion yuan, compared to 1.90 billion yuan in the same period last year[20] - Cash flow from investing activities was -4.46 billion yuan, compared to -1.68 billion yuan in the same period last year[21] - Cash flow from financing activities was 7.88 billion yuan, compared to -1.82 billion yuan in the same period last year[21] - Cash and cash equivalents at the end of the period were 6.67 billion yuan, compared to 4.45 billion yuan in the same period last year[21] - Sales of goods and services received 13.61 billion yuan in cash, compared to 16.24 billion yuan in the same period last year[20] - Purchases of goods and services paid 16.82 billion yuan in cash, compared to 13.69 billion yuan in the same period last year[20] Borrowings and Financial Expenses - Short-term borrowings increased by 245.85% to RMB 3.38 billion due to increased borrowing[7] - Long-term borrowings surged by 407.80% to RMB 7.50 billion[7] - Financial expenses increased by 134.41% to RMB 144.52 million due to higher interest income, interest expenses, and exchange losses[7] - Short-term borrowings surged to 3.38 billion yuan from 978.59 million yuan, an increase of 245.83%[15] - Long-term borrowings increased to 7.50 billion yuan from 1.48 billion yuan, a growth of 407.68%[15] Assets and Liabilities - Total assets increased by 2.95% to RMB 109.74 billion compared to the end of the previous year[4] - The company's monetary funds at the end of the period were 15,006,288,540.37 yuan, a decrease from 15,988,433,550.07 yuan at the beginning of the period[14] - Accounts receivable increased to 9,367,269,138.19 yuan from 9,165,987,673.61 yuan at the beginning of the period[14] - Inventory increased to 16,279,307,460.54 yuan from 14,471,851,729.28 yuan at the beginning of the period[14] - Total current assets at the end of the period were 51,818,651,981.66 yuan, up from 49,132,039,748.74 yuan at the beginning of the period[14] - Fixed assets increased to 42,622,657,205.11 yuan from 36,865,874,794.59 yuan at the beginning of the period[14] - Total assets increased to 109.74 billion yuan from 106.59 billion yuan, a growth of 2.95%[15] - Total liabilities rose to 72.22 billion yuan from 68.59 billion yuan, an increase of 5.29%[15] - Contract liabilities rose to 5.02 billion yuan from 4.87 billion yuan, an increase of 3.10%[15] - Total equity attributable to the parent company's owners decreased to 34.76 billion yuan from 35.12 billion yuan, a reduction of 1.03%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 185,286[9] - The largest shareholder, Dongtai Jingtaifu Technology Co., Ltd., holds 47.45% of the shares, amounting to 1,570,307,572 shares[9] - The company repurchased 20,284,808 shares through the Shenzhen Stock Exchange, with a total transaction value of 400,000,211.47 yuan[13] - The company terminated the 2022 and 2023 equity incentive plans and completed the cancellation of stock options and restricted stock[13] Operational Metrics - The company's battery module shipments in Q1 2024 reached 16.059GW, with overseas shipments accounting for approximately 62% and distribution shipments accounting for 29%[12] - Operating costs decreased to 16.58 billion yuan from 17.78 billion yuan, a reduction of 6.75%[17] - R&D expenses for the quarter were 217.58 million yuan, down 21.79% from 278.17 million yuan in the previous year[17] - Asset impairment losses increased by 288.08% to RMB 257.89 million, mainly due to increased inventory write-downs[7] Miscellaneous - The company's first quarter report was unaudited[22]