金浦钛业(000545) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥562,790,017.41, a decrease of 4.74% compared to ¥590,767,060.05 in the same period last year[5] - The net loss attributable to shareholders was ¥13,572,719.27, an improvement of 81.08% from a loss of ¥71,719,158.73 in the previous year[5] - Total operating revenue for Q1 2024 was CNY 562,790,017.41, a decrease of 4.1% compared to CNY 590,767,060.05 in the same period last year[21] - Net loss for Q1 2024 was CNY 13,572,741.19, compared to a net loss of CNY 71,738,523.42 in Q1 2023, indicating a significant improvement[22] - Basic and diluted earnings per share were both CNY -0.0138, an improvement from CNY -0.0727 in the previous year[23] - Total assets increased to CNY 3,016,347,584.58, up from CNY 2,926,917,816.53 year-over-year[19] - Total liabilities rose to CNY 1,372,248,251.28, compared to CNY 1,298,147,865.88 in the previous year[19] - The company's equity attributable to shareholders increased to CNY 1,384,770,165.25 from CNY 1,369,440,760.68 year-over-year[19] Cash Flow - The net cash flow from operating activities was negative at ¥29,664,710.51, a decline of 184.29% compared to a positive cash flow of ¥35,194,662.20 in the same period last year[5] - The net cash flow from operating activities for the current period is -29,664,710.51 CNY, a decrease from 35,194,662.20 CNY in the previous period[24] - Cash inflow from operating activities totaled 285,523,189.64 CNY, slightly down from 287,740,473.10 CNY year-over-year[24] - Cash outflow from operating activities increased to 315,187,900.15 CNY from 252,545,810.90 CNY, indicating higher operational costs[24] - The net cash flow from investing activities is -90,526,538.28 CNY, worsening from -64,900,039.27 CNY in the previous period[25] - Cash inflow from financing activities was 252,000,000.00 CNY, up from 209,301,793.95 CNY, reflecting increased borrowing[25] - Cash outflow from financing activities rose to 253,374,856.89 CNY from 180,469,799.79 CNY, primarily due to higher debt repayments[25] - The net increase in cash and cash equivalents for the current period is -121,060,124.56 CNY, compared to a positive increase of 530,982.36 CNY in the previous period[25] - The ending balance of cash and cash equivalents is 133,083,760.14 CNY, down from 257,650,887.71 CNY year-over-year[25] Assets and Liabilities - Total assets increased by 3.06% to ¥3,016,347,584.58 from ¥2,926,917,816.53 at the end of the previous year[5] - The company reported a total current assets of RMB 883,931,769.91 as of March 31, 2024, down from RMB 987,027,482.17 at the beginning of the period, indicating a decrease of approximately 10.5%[17] - Cash and cash equivalents decreased to RMB 302,176,642.96 from RMB 391,107,145.31, representing a decline of about 22.7%[17] - Accounts receivable rose by 32.28% to ¥164,849,887.62, primarily due to an increase in receivables at the end of the reporting period[9] - Inventory decreased to RMB 138,784,488.14 from RMB 162,440,700.93, reflecting a reduction of about 14.6%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 67,818, with the largest shareholder holding 34.26% of the shares[11] - The company’s major shareholder, Jinpu Investment Holding Group Co., Ltd., holds 338,101,448 shares, representing a significant portion of the total shares[12] Investments and Projects - The company is currently engaged in the construction of the Anhui Jinpu New Energy project, which has increased construction in progress by 34.44% to ¥390,593,860.64[9] - Investment income improved by 53.94%, with losses from joint ventures decreasing to -¥2,644,128.14 from -¥5,740,216.37[9] - The company completed a share swap agreement, exchanging a 31.8182% stake in Nanjing Jinpu Dongyu Investment Co., Ltd. for 100% ownership of Shanghai Dongyi Hotel Management Co., Ltd.[14] - The company received 50,151,153.15 CNY from investment activities, an increase from 29,440,970.90 CNY in the previous period[25] Legal and Risk Factors - The company is facing a potential execution risk due to a dispute involving RMB 24,498,700 in unpaid principal and penalties related to its investment in Nanjing Jinpu Dongyu Investment Co., Ltd.[15] - The company’s financial performance and future outlook will be closely monitored due to the ongoing legal proceedings and asset management strategies[15] Other Information - The company’s subsidiary completed the renovation of its headquarters building, which was finalized on April 20, 2024[13] - The company has not undergone an audit for the first quarter report[27]