恒源煤电(600971) - 2024 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 29.09% to ¥431,228,432.00[11] - Operating revenue declined by 8.34% to ¥2,051,053,229.69[11] - Basic earnings per share decreased by 29.09% to ¥0.3594[11] - Weighted average return on equity decreased by 1.16 percentage points to 3.36%[11] - Net profit from continuing operations for Q1 2024 was CNY 429,892,295.05, down from CNY 610,777,366.55 in Q1 2023, representing a decline of 29.5%[32] - The net profit for Q1 2024 is approximately ¥429.89 million, a decrease of 29.5% compared to ¥610.78 million in Q1 2023[48] - The operating profit for Q1 2024 is ¥516.99 million, down 27.1% from ¥709.28 million in the same period last year[48] - The total comprehensive income attributable to shareholders of the parent company for Q1 2024 is ¥431.23 million, a decrease of 29.1% from ¥608.12 million in Q1 2023[49] Cash Flow - Net cash flow from operating activities decreased by 39.13% to ¥665,312,899.45[11] - Cash inflow from operating activities totaled CNY 3,183,264,094.01 in Q1 2024, a decrease of 2.5% from CNY 3,265,180,855.54 in Q1 2023[34] - Cash outflow from operating activities was CNY 2,517,951,194.56 in Q1 2024, an increase of 15.8% compared to CNY 2,172,243,576.41 in Q1 2023[34] - The company reported a net cash inflow of CNY 607,974,926.02 in Q1 2024, contrasting with a net cash outflow of CNY 840,919,616.33 in Q1 2023[36] Assets and Liabilities - Total assets increased by 1.19% to ¥21,515,422,205.01 compared to the previous period[3] - The total liabilities decreased from 8,577,520,931.15 RMB to 8,347,459,120.78 RMB, a reduction of approximately 2.67%[28] - The total equity increased from 12,685,901,252.33 RMB to 13,167,963,084.23 RMB, reflecting a growth of about 3.79%[29] - The total current liabilities decreased from 6,072,091,112.28 RMB to 5,835,690,884.75 RMB, a decrease of about 3.91%[28] - The total assets increased from 21,263,422,183.48 RMB to 21,515,422,205.01 RMB, reflecting a growth of approximately 1.18%[29] - The total liabilities decreased to ¥10.27 billion in Q1 2024 from ¥10.32 billion in Q1 2023, indicating a reduction of 0.5%[48] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,723[16] - Major shareholder Anhui Wanbei Coal Power Group Co., Ltd. holds 54.95% of the shares[16] - The top shareholder, Anhui Wanbei Coal Electricity Group Co., Ltd., holds 659,353,789 shares, representing 54.95% of the total shares[19] Expenses and Investments - Research and development expenses increased to CNY 100,724,089.12 in Q1 2024, up 53.2% from CNY 65,760,901.46 in Q1 2023[31] - The company has ongoing investments in long-term equity investments amounting to ¥1.42 billion, an increase from ¥1.36 billion year-over-year[48] - The company reported a credit impairment loss of ¥2.29 million in Q1 2024, compared to ¥0.93 million in Q1 2023, representing a significant increase[48] Other Financial Metrics - Non-recurring losses totaled ¥1,398,240.87, primarily due to other operating income and expenses[5] - The company reported a government subsidy income of ¥1,148,102.70 during the period[9] - The company’s retained earnings increased from 8,378,216,931.41 RMB to 8,809,445,363.41 RMB, an increase of approximately 5.14%[28] - The company’s long-term borrowings increased from 565,970,000.00 RMB to 609,970,000.00 RMB, an increase of about 7.77%[28] - The company’s total non-current assets decreased slightly to ¥11.25 billion in Q1 2024 from ¥11.36 billion in Q1 2023, a decline of 1.0%[48] - The company did not report any net profit from discontinued operations for the period[34]