大丰实业(603081) - 2024 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2024 was CNY 289,574,544.58, a decrease of 13.14% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 33,887,050.67, an increase of 58.77% year-on-year[5] - Net profit excluding non-recurring gains and losses was CNY 28,389,210.91, up 75.46% from the previous year[6] - Basic earnings per share increased by 60.00% to CNY 0.08, while diluted earnings per share rose by 80.00% to CNY 0.09[6] - The operating profit for Q1 2024 reached CNY 36,384,542.58, up from CNY 21,776,775.85 in the same period last year, marking a growth of approximately 67.7%[20] - The company reported a total profit of CNY 36,429,200.54 for Q1 2024, compared to CNY 20,591,882.39 in Q1 2023, reflecting an increase of approximately 77.0%[20] Cash Flow and Financial Position - The net cash flow from operating activities was CNY 8,743,662.33, with significant improvements in cash collection from projects[6] - The company reported a net cash inflow from operating activities of CNY 8,743,662.33 in Q1 2024, a turnaround from a net outflow of CNY 254,467,240.84 in Q1 2023[24] - Cash and cash equivalents as of March 31, 2024, amounted to RMB 1,012,562,295.47, an increase from RMB 817,379,367.41 as of December 31, 2023[14] - The cash and cash equivalents at the end of Q1 2024 totaled CNY 932,191,574.86, an increase from CNY 689,268,378.39 at the end of Q1 2023, reflecting a growth of about 35.3%[25] - Investment activities generated a net cash inflow of CNY 163,615,062.20 in Q1 2024, compared to CNY 66,413,667.37 in Q1 2023, indicating a substantial increase of approximately 146.4%[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,798,935,988.46, a decrease of 1.28% from the end of the previous year[6] - Total assets as of March 31, 2024, were RMB 7,798,935,988.46, slightly down from RMB 7,899,799,794.90 at the end of 2023[16] - Total current liabilities decreased to RMB 2,538,952,818.80 from RMB 2,859,219,772.95 at the end of 2023, reflecting a reduction of approximately 11.19%[15] - Long-term borrowings increased to RMB 1,665,593,827.88 from RMB 1,464,156,498.06, representing a growth of about 13.73%[16] - The company's total equity as of March 31, 2024, was RMB 2,962,341,802.65, up from RMB 2,944,542,129.62 at the end of 2023[16] Shareholder Information - The top ten shareholders hold a combined 70.73% of the shares, with the largest shareholder owning 23.44%[10] Operational Efficiency - The company is focusing on improving cash collection and operational efficiency as PPP projects enter the operational phase[8] - The total operating costs decreased to CNY 294,299,664.45 in Q1 2024 from CNY 336,639,527.02 in Q1 2023, a reduction of about 12.6%[20] - The company's financial expenses showed a significant improvement, with a net financial income of CNY -7,253,632.34 in Q1 2024, compared to CNY -10,035,559.37 in Q1 2023, indicating a reduction in financial costs[20] Inventory and Receivables - Accounts receivable stood at RMB 1,488,170,861.01, a slight decrease from RMB 1,531,298,035.12 as of December 31, 2023[14] - Inventory increased to RMB 256,030,503.59 from RMB 220,469,098.03, indicating a rise of approximately 16.09%[14] - The company reported a decrease in total current assets to RMB 3,696,084,455.71 from RMB 3,707,431,320.09[14] Future Outlook - The company has not indicated any new product launches or significant market expansion strategies in the current report[12] - The company will implement new accounting standards starting from 2024, affecting the financial statements from the beginning of the year[27]