Bohai Ferry (SH:603167)2024-04-25 07:38Financial Performance - The company's operating revenue for Q1 2024 was CNY 346,916,232.68, representing a year-on-year increase of 7.65%[5]. - The net profit attributable to shareholders for Q1 2024 was CNY 66,709,694.73, a significant increase of 134.48% compared to the same period last year[5]. - The basic earnings per share for Q1 2024 was CNY 0.14, reflecting a growth of 133.33% year-on-year[5]. - Total operating revenue for Q1 2024 reached ¥346,916,232.68, an increase of 7.9% compared to ¥322,265,281.69 in Q1 2023[20]. - Net profit for Q1 2024 was ¥79,135,136.49, a significant increase of 156.5% from ¥30,849,065.63 in Q1 2023[21]. - Earnings per share for Q1 2024 were ¥0.14, compared to ¥0.06 in Q1 2023, indicating a 133.3% increase[21]. Cash Flow and Financial Management - The net cash flow from operating activities decreased by 76.52% to CNY 16,058,512.86, primarily due to government subsidies received in the previous year[5][8]. - In Q1 2024, the cash inflow from operating activities was CNY 366,174,966.76, a decrease of 10.1% compared to CNY 407,145,892.68 in Q1 2023[25]. - The net cash flow from operating activities in Q1 2024 was CNY 16,058,512.86, down 76.5% from CNY 68,385,776.63 in Q1 2023[25]. - The cash inflow from investment activities was CNY 3,677,568.53, significantly lower than CNY 162,408,680.54 in the same period last year[26]. - The net cash flow from investment activities in Q1 2024 was CNY 2,132,170.37, a decrease of 98.6% compared to CNY 150,300,689.97 in Q1 2023[26]. - The cash inflow from financing activities was CNY 50,000,000.00, with a net cash flow of CNY 46,418,880.42, compared to a net outflow of CNY 73,804,780.04 in Q1 2023[26]. - The company experienced a net increase in cash and cash equivalents of CNY 64,416,628.54 in Q1 2024, compared to a net increase of CNY 144,647,377.05 in Q1 2023[26]. Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 4,599,836,941.12, an increase of 2.81% from the end of the previous year[6]. - Total assets as of March 31, 2024, amounted to ¥4,599,836,941.12, up from ¥4,474,137,370.43 at the end of 2023[17]. - Total liabilities increased to ¥561,129,925.75 in Q1 2024 from ¥519,043,061.14 in Q4 2023, marking an increase of 8.1%[17]. - The company's total equity reached ¥4,038,707,015.37 as of March 31, 2024, compared to ¥3,955,094,309.29 at the end of 2023, reflecting a growth of 2.1%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,221[10]. - The largest shareholder, Liaoyu Group Co., Ltd., holds 25.04% of the shares, with 80,338,900 shares pledged[12]. - The second-largest shareholder, Liaoning Transportation Investment Co., Ltd., owns 14.00% of the shares[12]. - The company has not reported any significant changes in shareholder participation in margin trading or securities lending[12]. Other Income and Expenses - The company recognized government subsidies amounting to CNY 84,593,793.22 during the reporting period, contributing to the increase in net profit[7][8]. - The company reported a significant increase in other income, which rose to ¥84,593,793.22 in Q1 2024 from ¥15,803,544.32 in Q1 2023[20]. - The company's financial expenses decreased to -¥811,730.79 in Q1 2024 from ¥3,060,210.52 in Q1 2023, indicating improved financial management[20]. - The company paid CNY 90,115,042.75 to employees in Q1 2024, which is an increase of 19.5% compared to CNY 75,393,698.17 in Q1 2023[25]. Operational Changes - There are no new strategies or significant operational changes reported for the quarter[13]. - The company has not disclosed any new product developments or technological advancements in this report[13]. - No mergers or acquisitions have been mentioned in the current financial report[13].