SHIMAO ENERGY(SH:605028)2024-04-22 08:07Financial Performance - The company's operating revenue for Q1 2024 was CNY 92,146,736.03, representing a year-on-year increase of 6.20% due to higher sales of heat and electricity products[3]. - Net profit attributable to shareholders decreased by 14.68% to CNY 34,607,359.55, primarily due to increased fixed asset depreciation and reduced other income[3]. - Basic and diluted earnings per share were both CNY 0.22, reflecting a decrease of 12.00% compared to the previous year[3]. - The net profit for Q1 2024 was CNY 34,607,359.55, down 14.8% from CNY 40,562,664.09 in Q1 2023[21]. - The net profit from continuing operations for Q1 2024 was ¥34,607,359.55, a decrease from ¥40,562,664.09 in Q1 2023, representing a decline of approximately 14.8%[22]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.22, down from ¥0.25 in Q1 2023, indicating a decrease of 12%[22]. Cash Flow - The net cash flow from operating activities fell by 41.32% to CNY 27,847,274.79, attributed to an increase in accounts receivable and reduced tax refunds[3]. - Cash inflow from operating activities totaled ¥89,347,992.23 in Q1 2024, compared to ¥100,516,915.54 in Q1 2023, reflecting a decline of about 11.1%[24]. - The net cash flow from operating activities was ¥27,847,274.79, down 41.4% from ¥47,458,402.90 in the same period last year[24]. - Cash inflow from investment activities was ¥80,308,821.93 in Q1 2024, significantly lower than ¥365,394,120.24 in Q1 2023, marking a decrease of approximately 78.0%[25]. - The net cash flow from investment activities was -¥24,604,050.47 in Q1 2024, contrasting with a positive cash flow of ¥3,214,683.08 in Q1 2023[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,486,392,841.39, down 1.89% from the end of the previous year[4]. - The total assets as of March 31, 2024, were CNY 1,486,392,841.39, a decrease from CNY 1,514,985,304.25 at the end of 2023[18]. - The total liabilities decreased to CNY 152,231,078.41 from CNY 215,430,900.82 at the end of 2023, reflecting a reduction of 29.4%[18]. - The total equity as of March 31, 2024, was CNY 1,334,161,762.98, up from CNY 1,299,554,403.43 at the end of 2023, showing an increase of 2.7%[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,110[9]. - The largest shareholder, Ningbo Shimao Investment Holding Co., Ltd., holds 60.0% of the shares, totaling 96,000,000 shares[11]. - Shareholders' equity attributable to shareholders increased by 2.66% to CNY 1,334,161,762.98[4]. Government and Non-Recurring Items - The company received government subsidies amounting to CNY 230,250.00, which are closely related to its normal business operations[5]. - The company reported a non-recurring gain of CNY 639,519.97, which includes various non-operating income items[10]. Expenses - Research and development expenses for Q1 2024 were CNY 3,233,875.69, compared to CNY 3,008,404.64 in Q1 2023, indicating a 7.5% increase[21]. - The company's financial expenses showed a decrease, with interest income of CNY -2,068,820.75 compared to CNY -2,885,672.97 in Q1 2023[21]. - The company reported an investment income of CNY 600,654.79 for Q1 2024, down from CNY 1,849,045.17 in Q1 2023[21]. - The company paid ¥11,013,485.89 in taxes during Q1 2024, which is a significant increase from ¥5,648,320.14 in Q1 2023, reflecting an increase of approximately 95.5%[24]. - The company’s cash outflow for purchasing goods and services was ¥38,353,626.05 in Q1 2024, slightly up from ¥37,006,786.97 in Q1 2023, indicating a marginal increase of about 3.6%[24].