Financial Performance - The company's operating revenue for Q1 2024 was RMB 108,027.8 million, representing a year-on-year increase of 10.61%[3] - Net profit attributable to shareholders for the same period was RMB 25,159.6 million, reflecting a growth of 21.00% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 23,496.5 million, up by 23.13% year-on-year[3] - The basic earnings per share for Q1 2024 was RMB 0.16, an increase of 23.24% from the same period last year[3] - Operating profit for Q1 2024 was RMB 301,742 thousand, up 12.1% from RMB 268,945 thousand in Q1 2023[17] - Net profit attributable to shareholders for Q1 2024 was RMB 251,596 thousand, representing a 21.0% increase compared to RMB 207,939 thousand in Q1 2023[18] - Net profit for Q1 2024 reached RMB 145,009 thousand, representing a 34.7% increase compared to RMB 107,626 thousand in Q1 2023[26] Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,465,827.2 million, showing a slight increase of 0.81% from the end of the previous year[3] - The equity attributable to shareholders at the end of the reporting period was RMB 937,377.3 million, up by 2.76% compared to the end of the previous year[3] - The company's total assets amounted to RMB 24,658,272 thousand, an increase from RMB 24,460,654 thousand as of December 31, 2023, reflecting a growth of approximately 0.81%[13] - The company's current assets totaled RMB 6,518,845 thousand, up from RMB 6,235,654 thousand, indicating an increase of about 4.55%[13] - Long-term borrowings increased to RMB 7,859,809 thousand from RMB 7,257,625 thousand, representing a rise of approximately 8.29%[15] - The company's total liabilities decreased slightly to RMB 14,191,329 thousand from RMB 14,244,893 thousand, a reduction of about 0.37%[15] - Total liabilities as of March 31, 2024, were RMB 8,871,934 thousand, an increase of 3.6% from RMB 8,559,259 thousand as of December 31, 2023[23] Cash Flow - The net cash flow from operating activities was negative at RMB -5,396.8 million, with a significant change of 45.23% due to higher operating receipts compared to the same period last year[5] - Cash flow from operating activities for Q1 2024 was RMB 561,326 thousand, compared to RMB 518,235 thousand in Q1 2023[19] - Cash flow from operating activities showed a net outflow of RMB 267,831 thousand in Q1 2024, compared to a net outflow of RMB 376,793 thousand in Q1 2023[27] - Cash flow from investing activities resulted in a net outflow of RMB 78,850 thousand in Q1 2024, compared to a net outflow of RMB 498,275 thousand in Q1 2023[28] - Cash flow from financing activities generated a net inflow of RMB 27,101 thousand in Q1 2024, down from RMB 589,118 thousand in Q1 2023[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,240[6] - The largest shareholder, Tianjin Municipal Investment Co., Ltd., held 715,565,186 shares, accounting for 45.57% of the total shares[7] Research and Development - Research and development expenses increased to RMB 8,344 thousand in Q1 2024, up from RMB 5,717 thousand in Q1 2023, reflecting a focus on innovation[17] - Research and development expenses increased significantly to RMB 4,169 thousand in Q1 2024, up 147.8% from RMB 1,684 thousand in Q1 2023[25] Operational Changes - The new wastewater treatment service fee price is set to be RMB 2.13 per cubic meter, effective from January 1, 2024, down from the previous price of RMB 2.32 per cubic meter[11] - The company has completed the upgrade of four wastewater treatment plants, which began commercial operation in June 2016, and has been operating under the new discharge standards for over two years[11] - The company is in the process of signing supplementary agreements regarding the adjusted wastewater treatment service fee based on third-party audit results[12] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[17]
天津创业环保股份(01065) - 2024 Q1 - 季度业绩