on April 30, 2024, daquan energy (688303.SH) released its first quarter 2024 performance report.

the company realized operating income of 2.982 billion yuan, down 38.60 from the same period of last year, realized net profit of 0.331 billion yuan, down 88.64 from the same period of last year, realized net cash flow from operating activities of -1.668 billion yuan, turned negative from the same period of last year, and the asset-liability ratio was 12.09, up 0.00 percentage points from the same period of last year.

the company's gross profit margin on sales was 16.71, down 55.46 percentage points from the same period last year, achieving basic earnings per share of 0.15 yuan, down 88.97 percent from the same period last year, and diluted return on net assets of 0.75 percent, down 5.25 percentage points from the same period last year.

the company's inventory turnover rate was 1.78 times, up 0.74 times year-on-year, and the total asset turnover rate was 0.06 times, down 0.03 times year-on-year.

the sales cost is about 6.41 million yuan, the management cost is about 88.72 million yuan, and the financial cost is about -0.073 billion yuan.

the number of shareholders of the company is 50000, and the number of shares held by the top ten shareholders of the company is 1.753 billion shares, accounting for 81.74 per cent of the total share capital. the top ten shareholders are Daqo New Energy Corp. China Merchants Bank Co., Ltd.-Huaxia Shanghai Science and Technology Innovation Board 50 Component Trading Open Index Securities Investment Fund, Hong Kong Securities Clearing Co., Ltd., Shenzhen Venture Capital Red Earth Private Equity Fund Management (Shenzhen) Co., Ltd.-Shenzhen Venture Capital Manufacturing Transformation and upgrading New Materials Fund (Limited Partnership), Industrial and Commercial Bank of China Co., Ltd.-Yi Fangda Shanghai Science and Technology Innovation Board 50 Component Trading Open Index Securities Investment Fund, Chongqing Daqo New Energy Co., Ltd., Ltd., Xu Guangfu, Ltd. Shi Dafeng, ZHANG LONGGEN, the shareholding ratios were 71.41 per cent, 2.20 per cent, 1.41 per cent, 1.32 per cent, 1.04 per cent, 1.02 per cent, 0.91 per cent, 0.91 per cent, 0.76 per cent and 0.76 per cent, respectively.