廊坊发展(600149) - 2024 Q1 - 季度财报

Major Financial Data Core Accounting Data and Financial Indicators In Q1 2024, the company achieved CNY 88.74 million in operating revenue with 4.51% YoY growth and CNY 3.80 million in net profit attributable to shareholders, turning losses into profits, while total assets decreased by 3.06% and equity increased by 2.58% Core Accounting Data and Financial Indicators | Indicator | Current Period (CNY) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 88,736,924.48 | 4.51% | | Net Profit Attributable to Shareholders | 3,804,166.91 | N/A | | Net Cash Flow from Operating Activities | -32,005,551.97 | N/A | | Basic EPS (CNY/share) | 0.010 | N/A | | Weighted Average ROE (%) | 2.55% | N/A | Period-End Financial Indicators | Indicator | End of Current Period (CNY) | Change from Prior Year-End (%) | | :--- | :--- | :--- | | Total Assets | 580,679,180.49 | -3.06% | | Total Equity Attributable to Shareholders | 151,026,666.17 | 2.58% | Non-recurring Gains and Losses Items and Amounts During the reporting period, total non-recurring gains and losses were CNY 0.23 million, mainly from disposal of financial assets and liabilities and government grants, after tax and minority interest impacts Non-recurring Gains and Losses Items | Non-recurring Gains and Losses Item | Current Period Amount (CNY) | | :--- | :--- | | Government grants recognized in current profit or loss | 9,275.20 | | Gains and losses from financial assets and liabilities held by non-financial enterprises | 304,252.03 | | Other non-operating income and expenses | 5,096.57 | | Less: Income tax impact | 17,742.66 | | Less: Impact of minority interests (after tax) | 67,363.28 | | Total | 233,517.86 | Analysis of Major Financial Indicator Changes and Reasons Profitability indicators including net profit, EPS, and ROE significantly improved YoY in the current period, primarily due to effective control and reduction of operating costs - Net profit attributable to shareholders of the listed company, non-recurring net profit, basic earnings per share, diluted earnings per share, and weighted average return on net assets all turned positive or significantly increased year-over-year, primarily due to a decrease in operating costs, which boosted current period net profit[8] Shareholder Information Shareholding Status As of the reporting period end, the company had 30,605 common shareholders, with Evergrande Real Estate Group (20.00%) and Langfang Investment Holdings Group (15.30%) as top holders, noting Evergrande's shares are entirely judicially frozen and successively frozen - As of the end of the reporting period, the company had a total of 30,605 common shareholders[10] Top Ten Shareholders' Shareholding Table | Shareholder Name | Shareholding Percentage (%) | Number of Shares Held | Share Status | | :--- | :--- | :--- | :--- | | Evergrande Real Estate Group Co., Ltd. | 20.00 | 76,032,050 | Frozen | | Langfang Investment Holdings Group Co., Ltd. | 15.30 | 58,173,700 | None | - The company's 76,032,050 shares held by the largest shareholder, Evergrande Real Estate Group Co., Ltd., have been judicially frozen since 2021 and subjected to multiple successive freezes between 2023 and 2024[11][12][14] Other Significant Matters Explanation of Operating Performance The company's heating business successfully offset high coal price challenges and achieved profitability through cost reduction measures like opportunistic procurement and expanding combined heat and power applications - Despite high coal prices for the heating business's main raw material, the company successfully reduced cost pressure and turned losses into profits through cost reduction and efficiency improvement measures, including seizing procurement opportunities and expanding combined heat and power applications[15] Quarterly Financial Statements Consolidated Balance Sheet Analysis As of March 31, 2024, total assets decreased by 3.06% to CNY 580.68 million due to reduced cash, total liabilities decreased by 8.61% to CNY 344.55 million due to lower contract liabilities, and equity attributable to the parent company increased by 2.58% to CNY 151.03 million Consolidated Balance Sheet | Item | March 31, 2024 (CNY) | December 31, 2023 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 580,679,180.49 | 599,030,425.61 | -3.06% | | Total Liabilities | 344,547,759.53 | 377,014,477.88 | -8.61% | | Total Equity Attributable to Parent Company Shareholders | 151,026,666.17 | 147,222,499.26 | 2.58% | - The change in assets was primarily influenced by a decrease in cash and cash equivalents from CNY 127 million to CNY 49 million[16] - The change in liabilities was primarily influenced by a decrease in contract liabilities from CNY 93 million to CNY 28 million[18] Consolidated Income Statement Analysis In Q1 2024, operating revenue grew 4.51% YoY to CNY 88.74 million, while operating costs decreased 21.57% YoY, resulting in operating profit turning from a loss to CNY 18.95 million and net profit attributable to the parent company reaching CNY 3.80 million, achieving profitability Consolidated Income Statement | Item | Q1 2024 (CNY) | Q1 2023 (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 88,736,924.48 | 84,904,512.14 | +4.51% | | Operating Cost | 64,212,215.74 | 81,876,528.51 | -21.57% | | Operating Profit | 18,945,295.15 | -4,620,249.38 | Turned losses into profits | | Net Profit Attributable to Parent Company Shareholders | 3,804,166.91 | -3,434,399.56 | Turned losses into profits | - The company's profitability significantly improved, with basic earnings per share increasing from -CNY 0.009 in the prior year to CNY 0.010[22] Consolidated Cash Flow Statement Analysis During the reporting period, net cash flow from operating activities was -CNY 32.01 million (reduced outflow YoY), net cash outflow from investing activities was CNY 68.33 million, net cash inflow from financing activities was CNY 22.37 million, leading to an overall net decrease in cash and cash equivalents of CNY 77.97 million Consolidated Cash Flow Statement | Item | Q1 2024 (CNY) | Q1 2023 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -32,005,551.97 | -33,528,603.25 | | Net Cash Flow from Investing Activities | -68,328,136.32 | -23,856,145.88 | | Net Cash Flow from Financing Activities | 22,368,095.35 | 2,386,875.83 | | Net Increase in Cash and Cash Equivalents | -77,965,592.94 | -54,997,873.30 | - Negative operating cash flow was primarily due to cash paid for goods and services (CNY 40.99 million) significantly exceeding cash received from sales of goods and services (CNY 20.26 million)[24] - Net cash outflow from investing activities significantly increased, mainly due to CNY 95.50 million in cash paid for investments during the current period[25]