创业环保(600874) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 108,027.8 million, representing a year-on-year increase of 10.61%[5] - The net profit attributable to shareholders for the same period was CNY 25,159.6 million, reflecting a growth of 21.00% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 23,496.5 million, up by 23.13% year-on-year[5] - The basic earnings per share for Q1 2024 was CNY 0.16, an increase of 23.24% from the same period last year[5] - Total operating revenue for Q1 2024 reached RMB 1,080,278 thousand, an increase of 10.6% compared to RMB 976,635 thousand in Q1 2023[21] - Net profit for Q1 2024 was RMB 249,574 thousand, representing a 17.6% increase from RMB 212,162 thousand in Q1 2023[23] - The company reported a total profit of RMB 301,863 thousand for Q1 2024, up from RMB 271,851 thousand in Q1 2023[23] - Net profit for Q1 2024 reached CNY 145,009 thousand, up from CNY 107,626 thousand in Q1 2023, marking a significant growth of 34.66%[31] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 2,465,827.2 million, a slight increase of 0.81% from the end of the previous year[6] - The company's total assets as of March 31, 2024, amount to 24,658,272 thousand RMB, an increase from 24,460,654 thousand RMB at the end of 2023[19] - The company's current assets increased to 6,518,845 thousand RMB from 6,235,654 thousand RMB, reflecting a growth of approximately 4.55%[17] - Long-term borrowings rose to 7,859,809 thousand RMB from 7,257,625 thousand RMB, indicating an increase of about 8.29%[19] - The company's total liabilities decreased slightly to 14,191,329 thousand RMB from 14,244,893 thousand RMB[19] - Total liabilities amounted to CNY 8,871,934 thousand as of March 31, 2024, compared to CNY 8,559,259 thousand as of December 31, 2023, an increase of 3.64%[29] - Current assets totaled CNY 3,618,183 thousand as of March 31, 2024, up from CNY 3,530,741 thousand as of December 31, 2023, representing an increase of 2.48%[28] - Long-term equity investments increased to CNY 5,689,120 thousand as of March 31, 2024, compared to CNY 5,293,375 thousand as of December 31, 2023, a growth of 7.48%[28] Cash Flow - The net cash flow from operating activities was CNY -5,396.8 million, with a significant change of 45.23% due to higher operating receipts compared to the previous year[7] - Cash flow from operating activities for Q1 2024 was negative RMB 53,968 thousand, an improvement from negative RMB 98,530 thousand in Q1 2023[26] - Cash flow from investing activities for Q1 2024 was negative RMB 265,341 thousand, compared to negative RMB 588,407 thousand in Q1 2023[26] - The net cash flow from investing activities was -CNY 78,850 thousand, also an improvement from -CNY 498,275 thousand year-over-year[32] - The total cash inflow from operating activities was significantly bolstered by other cash received related to operating activities, which amounted to CNY 554,393 thousand compared to CNY 251,626 thousand in the previous year[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,240[9] - The largest shareholder, Tianjin Urban Investment Group Co., Ltd., held 715,565,186 shares, accounting for 45.57% of the total shares[10] Regulatory and Compliance - The new wastewater treatment service fee for Tianjin's four plants is set at 2.13 RMB per cubic meter, effective from January 1, 2024, following a two-year compliance period[14] - The company will adhere to strict information disclosure obligations following the price adjustment of wastewater treatment services[15] - The company has completed the upgrade of its wastewater treatment plants to meet new discharge standards, which began in June 2016[13] - The company has not adopted new accounting standards or interpretations for the year 2024[33] Research and Development - Research and development expenses for Q1 2024 were RMB 8,344 thousand, an increase of 46% from RMB 5,717 thousand in Q1 2023[21] - Research and development expenses rose to CNY 4,169 thousand in Q1 2024, compared to CNY 1,684 thousand in Q1 2023, indicating an increase of 147.55%[30]