九丰能源(605090) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 6,332,856,932.64, a decrease of 2.17% compared to the same period last year[13]. - Net profit attributable to shareholders of the listed company reached CNY 480,136,783.84, an increase of 6.32% year-on-year[13]. - Basic earnings per share for Q1 2024 was CNY 0.77, up 5.48% from CNY 0.73 in Q1 2023[13]. - The total comprehensive income for the period was CNY 492,019,695.20, compared to CNY 451,902,167.99 in the previous year[3]. - Net profit for the period reached CNY 485,268,818.67, compared to CNY 451,902,167.99 in the previous period, reflecting a growth of about 7.4%[45]. - The company reported a significant increase in sales expenses, totaling CNY 57,462,491.40, which is an increase of 12.7% from CNY 51,283,178.77[45]. - Total operating revenue for Q1 2024 was CNY 6,332,856,932.64, a decrease of 2.17% compared to CNY 6,473,534,627.83 in Q1 2023[72]. - Total operating costs for Q1 2024 were CNY 5,861,648,326.22, down from CNY 5,940,962,041.30 in Q1 2023, reflecting a reduction of 1.33%[72]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 683,458,644.48, a decrease of 1.05% year-on-year[13]. - As of March 31, 2024, the company's cash and cash equivalents amounted to approximately RMB 5.41 billion, a slight decrease from RMB 5.46 billion as of December 31, 2023, representing a decline of about 2.5%[40]. - The net increase in cash and cash equivalents was CNY -46,989,164.49, contrasting with a net increase of CNY 1,039,927,418.07 in the previous year[70]. - The ending balance of cash and cash equivalents was CNY 5,241,135,637.53, slightly down from CNY 5,303,070,944.21 at the end of Q1 2023[70]. - The company received CNY 29,600,567.37 from other operating activities, compared to CNY 53,021,163.13 in the previous year, showing a decline[69]. - The company paid CNY 132,900,549.34 to employees, an increase from CNY 116,544,561.11 in Q1 2023, reflecting a rise of 14%[69]. Assets and Liabilities - The company's total assets at the end of Q1 2024 were CNY 14,923,963,523.48, reflecting a 3.57% increase from the end of the previous year[13]. - The equity attributable to shareholders of the listed company was CNY 8,361,486,964.83, up 7.54% from CNY 7,775,126,351.85 at the end of the previous year[13]. - The total liabilities of the company as of March 31, 2024, were approximately RMB 6.18 billion, down from RMB 6.25 billion, representing a decrease of about 1.1%[42]. - Total current liabilities rose to approximately RMB 3.14 billion from RMB 3.05 billion, indicating an increase of about 2.7%[42]. - Non-current liabilities decreased to approximately RMB 3.04 billion from RMB 3.20 billion, a decline of about 4.9%[42]. - The company reported a significant increase in contract liabilities, which rose to approximately RMB 278.53 million from RMB 194.91 million, an increase of about 42.8%[42]. - The company has a long-term loan of RMB 793 million, unchanged from the previous period[42]. - The company's total equity attributable to shareholders increased to CNY 8,361,486,964.83, up from CNY 7,775,126,351.85, representing an increase of approximately 7.5%[44]. Business Operations and Strategy - The company reported stable sales in its LNG and LPG businesses despite adverse market conditions, leveraging its integrated business model[14]. - The company is actively promoting auxiliary extraction services for low-yield gas wells, with over 130 projects in operation, indicating a positive long-term growth trend[28]. - The company is actively involved in various investment strategies, including potential market expansions and new product developments, although specific details were not disclosed in the provided content[41]. - The helium business achieved a production and sales volume exceeding 60,000 cubic meters, with a year-on-year growth of over 20%[51]. - The hydrogen project has reached an operational capacity of 20,000 cubic meters per hour, showing strong development momentum[51]. Research and Development - Research and development expenses amounted to CNY 2,108,381.89, indicating ongoing investment in innovation[45]. - The company confirmed a share-based payment expense of CNY 7,439,200 and financial expenses of CNY 21,735,500 due to convertible bonds, impacting net profit[6]. Credit and Impairment - The company reported a decrease in credit impairment losses, improving from a loss of CNY 20,001,386.49 to a loss of CNY 5,312,299.76[45].