Financial Performance - The company's operating revenue for Q1 2024 was RMB 21,282,263 thousand, representing a decrease of 3.17% compared to the same period last year[4]. - Total operating revenue for Q1 2024 was RMB 21,282,263, a decrease of 3.16% compared to RMB 21,978,009 in Q1 2023[15]. - Total operating costs decreased to RMB 21,153,044 in Q1 2024 from RMB 22,139,134 in Q1 2023, representing a reduction of 4.44%[15]. - Net profit for Q1 2024 was RMB 85,195, a significant recovery from a net loss of RMB 162,346 in Q1 2023[16]. - Operating profit for Q1 2024 was RMB 129,219, compared to an operating loss of RMB 161,125 in the same period last year[15]. - Net profit attributable to shareholders was RMB 84,061 thousand, while net profit excluding non-recurring gains and losses was RMB 98,108 thousand[4]. - The weighted average return on net assets increased by 0.96 percentage points to 0.338%[4]. - The company achieved earnings per share of RMB 0.008 in Q1 2024, recovering from a loss per share of RMB -0.015 in Q1 2023[16]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB -718,251 thousand[4]. - Cash flow from operating activities showed a net outflow of RMB 718,251 in Q1 2024, worsening from a net outflow of RMB 29,479 in Q1 2023[17]. - Cash flow from financing activities generated a net inflow of RMB 1,416,191 in Q1 2024, down from RMB 3,464,658 in Q1 2023[18]. - Cash and cash equivalents increased by 54.29%, mainly due to an increase in time deposits maturing within one year[8]. - The company reported cash and cash equivalents of RMB 5,344,773 at the end of Q1 2024, an increase from RMB 3,953,405 at the end of Q1 2023[18]. - Cash and cash equivalents increased to 8,651,248,000 RMB from 5,607,013,000 RMB[13]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 39,544,994 thousand, a decrease of 0.29% from the end of the previous year[5]. - The company's total assets as of March 31, 2024, are 39,544,994,000 RMB, slightly decreased from 39,658,244,000 RMB[14]. - Current assets as of March 31, 2024, amount to 18,535,268,000 RMB, an increase from 15,454,832,000 RMB as of December 31, 2023[13]. - Total liabilities as of March 31, 2024, are 14,560,818,000 RMB, down from 14,715,337,000 RMB at the end of 2023[14]. - Shareholders' equity attributable to the company increased by 0.21% to RMB 24,877,304 thousand[5]. - The retained earnings increased to 6,601,233,000 RMB from 6,517,172,000 RMB[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 93,561[9]. - The largest shareholder, China Petroleum & Chemical Corporation, holds 5,459,455,000 shares, accounting for 50.55% of total shares[9]. - The second largest shareholder, Hong Kong Central Clearing Limited, holds 3,427,154,780 shares, representing 31.74% of total shares[9]. - There are no significant related party transactions among the top shareholders[10]. - The company has no significant changes in the number of shares lent or returned due to margin trading[11]. Other Financial Metrics - Non-recurring losses totaled RMB -14,047 thousand, primarily due to severance benefits[6]. - Research and development expenses increased to RMB 35,083 in Q1 2024 from RMB 30,776 in Q1 2023, reflecting a growth of 13.00%[15]. - The company reported a significant increase in government subsidies, contributing to a 74.01% rise in other income[8]. Future Outlook - The company plans to continue focusing on market expansion and new technology development to enhance future performance[15].
上海石油化工股份(00338) - 2024 Q1 - 季度业绩