赣锋锂业(002460) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥5,057,894,510.44, a decrease of 46.41% compared to the same period last year[4] - The net profit attributable to shareholders was -¥438,901,866.58, representing a decline of 118.31% year-over-year[4] - The company reported a comprehensive loss of CNY -546,732,751.56 for Q1 2024, compared to a comprehensive income of CNY 1,836,851,757.06 in the previous year[17] - Basic and diluted earnings per share for Q1 2024 were both CNY -0.22, compared to CNY 1.19 in Q1 2023[17] - The cash inflow from operating activities was CNY 6,476,823,773.54, a decrease of 46.0% compared to CNY 12,183,086,187.91 in the previous period[19] - The company received CNY 6,144,234,199.45 from sales of goods and services, a decline of 48.3% from CNY 11,858,634,106.33 in the previous period[19] Cash Flow - The net cash flow from operating activities was ¥118,855,695.01, a significant improvement of 103.75% compared to -¥3,169,082,963.04 in the previous year[8] - The company experienced a 65.64% decrease in net cash flow from financing activities, totaling ¥1,573,640,963.14[8] - The cash outflow for investing activities totaled CNY 2,296,550,716.83, compared to CNY 3,392,119,004.93 in the previous period, indicating a reduction in investment spending[20] - The total cash and cash equivalents at the end of the period were CNY 8,921,539,762.30, down from CNY 7,950,070,822.80 at the end of the previous period[20] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥95,563,417,766.95, an increase of 4.22% from the end of the previous year[4] - Total liabilities rose to CNY 41,306,477,399.23 in Q1 2024, compared to CNY 39,382,038,192.52 in Q1 2023, an increase of 4.9%[15] - The total equity attributable to shareholders increased to CNY 47,978,285,617.95 from CNY 47,034,107,033.38, reflecting a growth of 2.0%[15] Research and Development - Research and development expenses decreased by 44.67% to ¥216,843,411.11, primarily due to lower material costs influenced by falling lithium product prices[6] - Research and development expenses for Q1 2024 were CNY 216,843,411.11, down 44.6% from CNY 391,927,028.05 in Q1 2023[16] Investments and Acquisitions - The company plans to acquire up to 5% equity in Mali Lithium for a maximum of $6.5 million to enhance its mining rights investment[12] - The company is set to invest up to$7 million to acquire at least 14.8% of PGCO's shares, aimed at developing the lithium salt lake project in Argentina[12] - The company has established a joint investment fund with local authorities and partners, committing up to ¥20 million for innovation in technology[12] Inventory and Current Assets - The total current assets as of March 31, 2024, amounted to approximately ¥25.67 billion, a decrease from ¥28.18 billion at the beginning of the period[13] - The company's inventory as of March 31, 2024, was approximately ¥6.97 billion, compared to ¥8.26 billion at the beginning of the period[13] - The company reported a long-term investment of approximately ¥14.23 billion as of March 31, 2024, reflecting its commitment to strategic growth[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 314,480, with the largest shareholder holding 20.00% of the shares[8] Other Financial Metrics - The weighted average return on equity was -0.93%, down from 5.31% in the previous year[4] - The company reported a significant loss in fair value changes of financial assets amounting to -¥268,863,798.84, a decline of 274.78% year-over-year[6] - Investment income from joint ventures and associates decreased to CNY 253,843,281.69 from CNY 478,536,236.60, a decline of 47.1%[15]