CSG Energy(003035)2024-04-26 12:54Financial Performance - Revenue for the first quarter reached 575.77 million yuan, a year-on-year increase of 5.10%[5] - Net profit attributable to shareholders of the listed company was 89.87 million yuan, up 9.59% year-on-year[5] - Operating cash flow surged to 197.84 million yuan, a significant increase of 537.45% compared to the same period last year[5] - Operating cash flow increased by 537.45% to RMB 197,841,935.91, primarily due to a significant increase in accounts receivable collections compared to the same period last year[13] Business Segments - Industrial energy-saving business generated revenue of 293.20 million yuan, with distributed photovoltaic business contributing 240.67 million yuan, up 12.23% year-on-year[5] - The company initiated pilot projects for residential photovoltaic systems in regions such as Guangzhou, Zhanjiang, Maoming, and Foshan[6] Assets and Liabilities - Total assets increased by 4.41% to 19.19 billion yuan compared to the end of the previous year[5] - Prepayments increased by 46.81% to 123.72 million yuan due to the consolidation of Hezhou Company[9] - Long-term loans rose by 31.28% to 5.83 billion yuan to support business expansion[10] - The company's monetary funds increased to RMB 1,167,552,792.51 as of March 31, 2024, compared to RMB 938,132,315.35 at the beginning of the period[19] Financial Expenses and Income - Financial expenses increased by 31.07% to 68.65 million yuan due to higher interest payments on expanded debt[11] - Investment income grew by 32.53% to 28.34 million yuan, driven by the revaluation of equity in Hezhou Company[11] Cash Flow Activities - Net cash flow from investing activities decreased by 32.33% to RMB -383,975,901.31, mainly due to reduced payments for ongoing construction projects and settlements[13] - Net cash flow from financing activities increased by 71.58% to RMB 414,909,282.78, driven by new bank loans and increased borrowings from the controlling shareholder[13] Shareholder Structure - China Southern Power Grid Co., Ltd. holds 40.39% of the company's shares, totaling 1,530,000,000 shares[14] - Southern Power Grid Jianxin Fund Management Co., Ltd. holds 16.42% of the company's shares, totaling 621,818,182 shares[14] - Guangdong Energy Group Co., Ltd. holds 10.56% of the company's shares, totaling 400,000,000 shares[15] - Guangdong Environmental Protection Group Co., Ltd. holds 5.82% of the company's shares, totaling 220,303,030 shares[15] - TBEA Co., Ltd. holds 3.07% of the company's shares, totaling 116,130,430 shares[15]