通源石油(300164) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥227,911,693.64, representing a 12.61% increase compared to ¥202,386,632.39 in the same period last year[4]. - Net profit attributable to shareholders decreased by 75.91% to ¥3,989,084.08 from ¥16,562,300.33 year-on-year[4]. - The net profit after deducting non-recurring gains and losses fell by 94.81% to ¥687,618.06 from ¥13,256,320.75 in the previous year[4]. - The company reported a 73.04% decrease in net profit to ¥4,695,595.63, largely due to a significant drop in the reversal of bad debt provisions compared to the previous year[13]. - The net profit for Q1 2024 was CNY 4,695,595.63, a decrease of 73.0% compared to CNY 17,415,267.22 in Q1 2023[25]. - Basic and diluted earnings per share for Q1 2024 were CNY 0.0068, down from CNY 0.0296 in Q1 2023, reflecting a decrease of 77.0%[25]. Cash Flow and Investments - The net cash flow from operating activities increased by 147.99% to ¥22,007,466.01 compared to ¥8,874,295.16 in the same period last year[4]. - The cash received from investment recoveries increased by 100.00% year-on-year, primarily due to the return of paid-in capital from the invested entity Ningbo Wanrong Dingxin Tongyuan Energy Investment Partnership (Limited Partnership)[14]. - The cash paid for dividends, profits, or interest decreased by 40.47% year-on-year, primarily due to a reduction in interest payments on loans[14]. - The company incurred a net cash outflow from investing activities of CNY 25,364,629.53, worsening from a net outflow of CNY 16,082,766.07 in the previous year[28]. - The cash flow from financing activities resulted in a net outflow of CNY 12,741,804.79, compared to a net inflow of CNY 142,573,335.53 in Q1 2023[29]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,803,922,253.61, a decrease of 1.37% from ¥1,828,972,722.01 at the end of the previous year[4]. - The total liabilities decreased to ¥455,626,904.16 from ¥487,735,411.57, reflecting a reduction of about 6.6%[23]. - The company's equity attributable to shareholders increased slightly to ¥1,326,582,200.23 from ¥1,320,274,774.90, showing a growth of approximately 0.2%[23]. Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥224,509,979.29, up 14.5% from ¥196,089,453.70 in the previous year[24]. - The company's net profit margin for Q1 2024 was impacted by increased operating costs, with a significant rise in sales expenses to ¥20,912,699.56, compared to ¥21,071,645.81 last year[24]. - The total operating expenses increased to CNY 233,365,480.98 in Q1 2024, up from CNY 186,774,018.06 in Q1 2023, marking an increase of 25.0%[28]. - Research and development expenses for Q1 2024 were ¥1,940,590.55, compared to ¥1,846,093.80 in the previous year, indicating an increase of about 5.1%[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,078[16]. - The largest shareholder, Zhang Guoan, holds 10.36% of the shares, amounting to 61,246,636 shares, with 16,150,000 shares pledged[16]. - The total number of restricted shares at the beginning of the period was 51,184,253, with 15,312,134 shares added during the period, resulting in a total of 66,496,387 restricted shares at the end of the period[18]. Government Subsidies and Other Income - The company received government subsidies that contributed to a 44.85% increase in other income to ¥1,237,219.24[13]. Legal and Compliance - The company has initiated arbitration against the original shareholders of a subsidiary for failing to fulfill performance commitments, and has applied for enforcement of the arbitration ruling[19]. - The company will actively follow up on the enforcement progress and fulfill information disclosure obligations to protect the interests of the company and all shareholders[19].