浙江东方(600120) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥2,581,181,241.56, representing a 19.65% increase year-over-year[4] - The net profit attributable to shareholders decreased by 79.72% to ¥43,193,546.61 compared to the previous year[4] - Basic and diluted earnings per share were both ¥0.01, reflecting an 83.33% decrease compared to the same period last year[4] - The weighted average return on equity was 0.28%, down by 1.08 percentage points from the previous year[4] - The company reported a basic earnings per share decline of 83.33% due to market adjustments affecting financial assets[24] - The net profit for Q1 2024 was CNY 38,121,834.39, a significant decrease of 82.5% compared to CNY 217,393,820.29 in Q1 2023[53] - The total comprehensive income for Q1 2024 was CNY -239,702,317.72, contrasting with CNY 318,569,060.66 in Q1 2023[53] - The company's operating profit for Q1 2024 was CNY 74,258,425.73, down 73.8% from CNY 283,343,919.64 in Q1 2023[53] Cash Flow - The net cash flow from operating activities was ¥388,515,289.75, a decline of 4.10% year-over-year[4] - Net cash flow from operating activities for Q1 2024 was ¥77,266,183.38, down from ¥151,912,008.40 in Q1 2023, a decrease of approximately 49%[46] - Cash inflow from investment activities was ¥430,017,106.97, compared to ¥858,701,243.89 in the same period last year, reflecting a decline of about 50%[46] - The net cash flow from investment activities turned negative at -¥49,801,816.57, compared to a positive cash flow of ¥857,504,273.09 in Q1 2023[46] - The net cash flow from financing activities for Q1 2024 was CNY 940,115,808.84, a recovery from a negative CNY -86,503,833.97 in Q1 2023[56] Assets and Liabilities - The total assets increased to ¥41,696,795,439.77, up from ¥39,605,453,036.91 in the previous year[15] - The total liabilities decreased from ¥23,168,659,875.83 to ¥23,750,383,313.63, indicating a shift in the company's financial structure[15] - The total liabilities rose to CNY 24,427,723,503.83, up from CNY 21,995,697,198.83, indicating a significant increase in financial obligations[23] - The company's equity attributable to shareholders decreased by 2.21% to CNY 15,351,739,717.78[23] - The insurance contract reserves increased to CNY 6,529,997,785.28, up from CNY 5,679,385,384.46, reflecting growth in insurance liabilities[23] - The total current liabilities amounted to CNY 11,699,538,073.41, slightly down from CNY 12,010,429,697.82[23] - Long-term borrowings increased to CNY 1,509,399,704.45 from CNY 1,113,466,966.95, indicating a rise in long-term financing[23] Shareholder Information - The company holds a total of 51,761 shareholders, with the largest shareholder owning 41.14% of the shares[11] - The company has repurchased a total of 27,342,747 shares, accounting for 0.80% of the total share capital, with a total expenditure of RMB 102,631,591.00[29] - The company plans to repurchase shares at a price not exceeding RMB 5 per share within three months from the board's approval date[29] Government Support - The company received government subsidies amounting to ¥1,386,391.82, which are closely related to its normal business operations[7] Market Adjustments - The company reported a significant decrease in the fair value of financial assets due to ongoing adjustments in the capital market[6] - The company reported a decrease in other comprehensive income from ¥1,511,013,058.27 to ¥1,218,531,408.32, a reduction of approximately 19.3%[41] - Investment income showed a loss of ¥2,427,536.54, contrasting with a gain of ¥47,800,266.65 in the prior period[63] Financial Burden - Interest income was ¥91,490.22, while interest expenses totaled ¥34,516,996.78, indicating a significant financial burden[63] - The company incurred tax expenses of ¥2,892,160.09, compared to tax income of ¥21,259,114.42 previously[63] - The company reported a financial cost of ¥2,372,677.38, which is a notable increase from the previous period[63] Accounting Standards - The company did not apply new accounting standards for the current reporting period[66]