山西焦化(600740) - 2024 Q1 - 季度财报

Revenue and Profit Decline - Revenue for Q1 2024 decreased by 26.18% year-over-year to RMB 1,821,237,313.91[7] - Net profit attributable to shareholders dropped by 91.37% to RMB 65,824,767.19[7] - Net profit attributable to shareholders of the listed company decreased by 91.37% year-on-year, mainly due to a decrease in revenue and a reduction in investment income from Zhongmei Huajin[19] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses decreased by 91.98% year-on-year[19] - Net profit for the period was RMB 64.90 million, a significant decrease from RMB 760.45 million in the previous period[45] - Operating profit dropped to RMB 40.88 million from RMB 764.70 million, a decline of 94.65%[45] Earnings Per Share (EPS) and Return on Equity (ROE) - Basic earnings per share (EPS) fell by 91.37% to RMB 0.0257[7] - Basic earnings per share (EPS) decreased by 91.37% year-on-year, reflecting the decline in net profit attributable to shareholders[19] - Basic EPS for the first quarter of 2024 was 0.0257 yuan per share, down from 0.2977 yuan per share in the same period last year[28] - Weighted average return on equity (ROE) decreased by 4.71 percentage points to 0.43%[7] Cash Flow and Financial Position - Operating cash flow was negative at RMB -1,037,024,205.30[7] - Net cash flow from operating activities was -1,037,024,205.30 compared to -195,602,987.31 in the previous period[48] - Net cash flow from investing activities was 458,377,128.69, slightly down from 461,018,384.65[48] - Net cash flow from financing activities was 1,064,383,095.13, up from 223,759,028.34[48] - Total cash and cash equivalents at the end of the period were 1,129,795,950.73, down from 1,742,288,455.60[49] - The company's monetary funds increased significantly to 1.36 billion yuan as of March 31, 2024, compared to 799.81 million yuan at the end of 2023[23] Costs and Expenses - Total operating costs for Q1 2024 were RMB 2,416,696,582.12, a decrease from RMB 2,797,968,441.48 in Q1 2023[5] - Research and development expenses increased to RMB 13,277,121.40, up from RMB 10,204,791.28 in Q1 2023[5] - Cash paid for goods and services decreased to 2,813,783,028.62 from 2,869,447,822.28[48] - Cash paid to employees increased to 236,617,800.87 from 152,349,612.04[48] Investment and Income - Investment income for Q1 2024 was RMB 766,015,129.55, down from RMB 1,135,511,201.95 in Q1 2023[5] - Government subsidies contributed RMB 2,143,939.44 to other income[5] Assets and Liabilities - Total assets increased by 3.45% to 25.847 billion yuan as of March 31, 2024, compared to 24.986 billion yuan at the end of 2023[33] - Shareholders' equity attributable to the parent company increased by 0.70% to 15.263 billion yuan as of March 31, 2024[33] - Total liabilities increased to RMB 103.73 billion from RMB 96.18 billion, reflecting a growth of 7.85%[42] - Long-term borrowings rose to RMB 3.18 billion, up from RMB 2.73 billion, indicating a 16.44% increase[42] - Contract liabilities increased to RMB 313.92 million from RMB 204.16 million, showing a 53.76% growth[42] - Total equity (or shareholders' equity) remained stable at RMB 2.56 billion[42] - Total current liabilities increased to RMB 7.08 billion from RMB 6.77 billion, a 4.54% rise[42] - Non-current liabilities grew to RMB 3.29 billion from RMB 2.85 billion, reflecting a 15.73% increase[42] - Accounts receivable decreased to 48.78 million yuan as of March 31, 2024, from 58.33 million yuan at the end of 2023[23] - Inventory decreased to 418.78 million yuan as of March 31, 2024, from 465.09 million yuan at the end of 2023[24] Comprehensive Income and Equity - Comprehensive income for the first quarter of 2024 was 63.73 million yuan, compared to 756.95 million yuan in the same period last year[28] - Undistributed profits increased to 4,624,436,040.96 from 4,558,611,273.77[53] - Total equity attributable to the parent company was 15,262,784,017.01, up from 15,156,059,785.42[53] - Total liabilities and equity increased to 25,847,048,359.90 from 24,985,814,668.91[53] Tax and Other Financial Metrics - Income tax expense showed a negative value of RMB -20.96 million, compared to RMB -341,403.98 in the previous period[45] - Other comprehensive income after tax was RMB -1.16 million, an improvement from RMB -3.49 million[45] Shareholder Information - The largest shareholder, Shanxi Coking Group Co., Ltd., holds 51.14% of the company's shares[3]