泰山石油(000554) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 841,907,657.64, representing a 3.14% increase compared to CNY 816,303,567.33 in the same period last year[5] - Net profit attributable to shareholders increased by 144.28% to CNY 18,536,572.62 from CNY 7,588,347.97 year-on-year[5] - Basic earnings per share rose by 141.25% to CNY 0.0386, compared to CNY 0.016 in the same quarter last year[5] - The company experienced a 155.48% increase in operating profit, driven by revenue growth[9] - The company’s total comprehensive income rose by 146.93%, reflecting the increase in net profit[9] - Net profit for Q1 2024 was ¥18,811,679.60, up 147.5% from ¥7,618,218.31 in the same period last year[17] - Operating profit increased to ¥25,524,233.07, a rise of 156.5% from ¥9,990,642.73 in Q1 2023[17] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching CNY 212,518,253.39, a 241.71% increase from a negative cash flow of CNY -149,967,021.24 in the previous year[5] - Cash flow from operating activities generated a net amount of ¥212,518,253.39, compared to a negative cash flow of ¥149,967,021.24 in Q1 2023[18] - The cash and cash equivalents at the end of the period increased by 118.73%, primarily due to higher revenue[9] - Cash and cash equivalents at the end of Q1 2024 were ¥286,143,081.40, up from ¥130,822,204.52 at the end of Q1 2023[19] Assets and Liabilities - Total assets decreased by 7.63% to CNY 1,656,407,407.99 from CNY 1,793,289,575.32 at the end of the previous year[5] - Current assets decreased to CNY 670,776,490.02 from CNY 788,415,011.28, indicating a reduction of approximately 14.9%[13] - Total liabilities decreased to CNY 691,932,008.99 from CNY 834,494,894.22, a reduction of about 17.0%[14] - Current liabilities decreased to CNY 557,141,516.84 from CNY 681,514,441.04, indicating a decline of approximately 18.2%[14] - The company's equity increased to CNY 964,475,399.00 from CNY 958,794,681.10, showing a slight increase of about 0.6%[14] - Total assets amounted to ¥1,656,407,407.99, a decrease from ¥1,793,289,575.32 year-over-year[15] - The total equity attributable to shareholders increased to ¥960,113,828.57, compared to ¥955,114,352.74 in the previous year[15] Inventory and Receivables - The company reported a 70152.79% increase in accounts receivable, indicating a significant rise in customer payments[9] - Inventory decreased to CNY 327,724,625.48 from CNY 632,317,757.56, reflecting a decline of approximately 48.2%[13] - The company reported a significant reduction in accounts payable from CNY 515,908,221.44 to CNY 447,051,219.75, a decrease of approximately 13.3%[14] Other Financial Information - Investment income doubled, increasing by 100% due to the liquidation of a joint venture from the previous year[9] - Total operating costs for Q1 2024 were ¥816,391,687.33, an increase of 1.6% from ¥806,132,031.31 in Q1 2023[16] - The company incurred a tax expense of ¥6,559,343.32, compared to ¥2,310,998.58 in the same period last year[17] - The first quarter report has not been audited[20] - The new accounting standards will be implemented starting in 2024[20] - The financial statement items related to the first year of implementation are applicable[20] - The board of directors meeting was held on April 25, 2024[21]