洪通燃气(605169) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 462,481,039.18, representing a year-on-year increase of 40.54%[3] - The net profit attributable to shareholders was CNY 2,144,191.86, showing a significant decline of 84.43% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,993,861.18, down 85.39% year-on-year[3] - Basic earnings per share decreased to CNY 0.0076, a decline of 84.43% compared to the previous year[3] - Total operating revenue for Q1 2024 reached RMB 462,481,039.18, a significant increase from RMB 329,063,401.02 in Q1 2023, representing a growth of approximately 40.5%[18] - Net profit for Q1 2024 was CNY 385.46 thousand, a significant decrease from CNY 11.77 million in Q1 2023, reflecting a decline of 96.7%[19] - The company’s total comprehensive income for Q1 2024 was CNY 837.97 thousand, significantly lower than CNY 12.23 million in Q1 2023, indicating a decrease of 93.2%[20] - The basic earnings per share for Q1 2024 were CNY 0.0076, compared to CNY 0.0487 in Q1 2023, a decline of 84.4%[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -24,492,917.22, indicating a cash outflow[3] - The company reported a net cash outflow from operating activities of CNY 24.49 million in Q1 2024, compared to an outflow of CNY 495.55 thousand in Q1 2023[23] - Cash and cash equivalents decreased to RMB 657,567,054.32 as of March 31, 2024, down from RMB 810,175,307.73 at the end of 2023, reflecting a decline of about 18.8%[13] - Cash and cash equivalents at the end of Q1 2024 were CNY 651.25 million, down from CNY 738.74 million at the end of Q1 2023, indicating a decrease of 11.8%[24] - The company’s financing activities resulted in a net cash outflow of CNY 61.08 million in Q1 2024, contrasting with a net inflow of CNY 13.16 million in Q1 2023[24] - The company recorded a net cash outflow from investing activities of CNY 73.35 million in Q1 2024, compared to an outflow of CNY 50.85 million in Q1 2023, marking a 44.3% increase in cash outflow[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,406,330,693.34, down 5.83% from the end of the previous year[4] - Total assets amounted to RMB 2,406,330,693.34, a decrease from RMB 2,555,275,372.28 at the end of 2023, indicating a reduction of approximately 5.8%[15] - Total liabilities decreased to RMB 537,526,873.42 from RMB 679,398,064.23, marking a decline of around 20.9%[15] - Current liabilities totaled RMB 379,992,365.70, down from RMB 525,456,581.45, which is a decrease of approximately 27.7%[14] - Non-current assets were reported at RMB 1,566,690,767.38, slightly down from RMB 1,584,056,870.64, reflecting a decrease of about 1.1%[14] - The company reported a decrease in accounts payable from RMB 215,815,949.23 to RMB 153,380,097.54, a reduction of about 29%[14] - The company’s total equity stood at RMB 1,868,803,819.92, down from RMB 1,875,877,308.05, indicating a decrease of approximately 0.5%[15] Revenue and Costs - The increase in operating revenue was attributed to higher sales volumes of LNG and CNG compared to the previous year[6] - The decline in net profit was mainly due to increased upstream natural gas procurement prices and lower sales margins for LNG and CNG[6] - Total operating costs for Q1 2024 were CNY 459.51 million, up from CNY 313.11 million in Q1 2023, representing a 46.7% increase[19] - The company’s revenue from sales of goods and services in Q1 2024 was CNY 538.83 million, up from CNY 348.58 million in Q1 2023, reflecting a growth of 54.5%[23] Non-Recurring Items - The company reported non-recurring gains of CNY 150,330.68, primarily from government subsidies and asset disposals[6] - The net profit attributable to shareholders of the parent company for Q1 2024 was CNY 2.14 million, down from CNY 13.77 million in Q1 2023, a decline of 84.5%[20] Strategic Developments - The company has not reported any new product developments or market expansion strategies in the current quarter[11]