招商南油(601975) - 2024 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 65.32% to CNY 671,205,206.76, driven by increased operating income and reduced financial expenses[9] - Basic earnings per share rose by 65.83% to CNY 0.1388 due to the increase in net profit and share buybacks[29] - The net profit for the period was ¥674,620,490.47, compared to ¥409,143,965.32 in the previous period, representing an increase of about 64.8%[44] - The company reported a net profit of CNY 580,350,367.19 in Q1 2024, a recovery from a loss of CNY 90,854,839.57 in Q1 2023[59] - The net profit attributable to shareholders of the parent company for Q1 2024 is approximately CNY 671.21 million, compared to CNY 406.01 million in Q1 2023, representing an increase of 65.5%[61] - The total comprehensive income for Q1 2024 is approximately CNY 681.48 million, up from CNY 379.60 million in Q1 2023, indicating a growth of 79.6%[61] Revenue and Income - Operating income for the quarter was CNY 1,838,695,345.82, reflecting a 13.65% year-on-year growth[29] - The total operating revenue for Q1 2024 was CNY 1,838,695,345.82, an increase of 13.6% compared to CNY 1,617,832,744.14 in Q1 2023[59] - Operating revenue for Q1 2024 is CNY 808.87 million, slightly down from CNY 830.76 million in Q1 2023, a decrease of 2.3%[67] Assets and Liabilities - Total assets increased by 6.62% to CNY 12,418,991,345.20 compared to the end of the previous year[8] - The total assets of the company reached 12,418,991,345.20 CNY, up from 11,647,545,698.50 CNY, marking an increase of approximately 6.6%[42] - The company’s total assets as of March 31, 2024, are CNY 3.88 billion, compared to CNY 2.16 billion as of March 31, 2023, reflecting a growth of 79.5%[63] - The company’s total liabilities increased to 1,106,815,909.41 CNY from 844,939,407.45 CNY, representing a rise of about 30.9%[42] - Total liabilities increased to CNY 2,732,652,786.43 in Q1 2024 from CNY 2,498,112,086.23 in Q1 2023, reflecting a growth of 9.4%[59] Cash Flow - The net cash flow from operating activities was CNY 766,398,430.11, an increase of 28.53% compared to the previous year[29] - Net cash flow from operating activities for Q1 2024 was CNY 351,070,580.36, down 17.9% from CNY 428,211,803.92 in Q1 2023[54] - The net cash flow from operating activities for Q1 2024 is CNY 1.65 billion, compared to CNY 1.60 billion in Q1 2023, an increase of 3.1%[63] - Cash inflow from investment activities in Q1 2024 was CNY 143,244,400.71, significantly higher than CNY 33,653,445.86 in Q1 2023[54] - The company reported a net cash outflow from financing activities of CNY 204.55 million in Q1 2024, compared to a net outflow of CNY 362.60 million in Q1 2023, indicating an improvement[63] Shareholder Information - The total number of common shareholders at the end of the reporting period is 124,754[34] - The largest shareholder, China Yangtze Shipping Group, holds 1,357,425,761 shares, representing 28.27% of total shares[34] - Share repurchase totaled 50,927,700 shares, accounting for 1.0495% of the total share capital[31] - The company completed a share buyback of 50,927,700 shares, accounting for 1.0495% of total share capital, with an average buyback price of 2.9453 CNY per share[37] Operational Efficiency - The weighted average return on equity increased by 1.87 percentage points to 7.22%[29] - The total operating costs increased to ¥1,191,798,066.65 from ¥1,156,796,471.88, reflecting a rise of approximately 3%[44] - Operating costs for Q1 2024 are CNY 483.09 million, down from CNY 559.90 million in Q1 2023, showing a reduction of 13.7%[69] Investment Activities - The company completed the disposal of two oil tankers, generating proceeds of USD 18.175 million (CNY 14,280,000) and USD 1.895 million respectively[16] - The company plans to dispose of four old MR oil tankers to optimize its operational structure and enhance market competitiveness[37] - Cash inflow from investment activities was ¥277,373,968.62, compared to ¥33,077,990.00 in the previous period, indicating a substantial increase[46] - Cash outflow for purchasing fixed assets decreased to ¥35,979,597.21 from ¥169,790,347.37, a reduction of about 78.8%[46]