龙洲股份(002682) - 2024 Q1 - 季度财报

Financial Performance - The company's total revenue for Q1 2024 was CNY 603.26 million, a decrease of 16.31% compared to CNY 720.79 million in the same period last year[4]. - Net profit attributable to shareholders was CNY 4.16 million, a significant increase of 110.73% from a net loss of CNY 38.75 million in the previous year[4]. - The total operating revenue for the current period is ¥603,257,898.13, a decrease of 16.3% from ¥720,790,817.18 in the previous period[17]. - The net profit attributable to the parent company is ¥4,157,947.23, compared to a net loss of ¥38,745,319.41 in the previous period[18]. - The total comprehensive income for the current period is -¥3,018,685.39, compared to -¥40,428,965.10 in the previous period[18]. - The basic earnings per share for the current period is ¥0.01, compared to a loss of ¥0.07 in the previous period[18]. Cash Flow and Investments - The net cash flow from operating activities decreased by 26.77% to CNY 11.29 million, down from CNY 15.42 million year-on-year[4]. - The company reported a net cash flow from operating activities of ¥11,292,691.21, down from ¥15,421,292.49 in the previous period[20]. - The company incurred a net cash outflow from investing activities of ¥22,084,433.75, compared to a net outflow of ¥19,601,788.88 in the previous period[20]. - The net cash outflow from financing activities was ¥41,795,587.15, contrasting with a net inflow of ¥114,409,240.12 in the previous period[20]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 6.58 billion, a decrease of 1.92% from CNY 6.71 billion at the end of the previous year[4]. - The total assets of Longzhou Group as of the end of Q1 2024 amounted to CNY 6,582,083,769.67, a decrease from CNY 6,710,940,956.57 at the beginning of the year[15]. - The company's total liabilities decreased from CNY 4,994,044,354.32 to CNY 4,878,436,558.20 during the same period[15]. - Current assets totaled CNY 3,009,140,580.51, down from CNY 3,101,120,477.42 at the start of the year[14]. - The cash and cash equivalents decreased from CNY 577,017,540.30 to CNY 435,327,034.43[14]. - The company's long-term equity investments increased from CNY 26,619,073.59 to CNY 28,975,375.59[14]. - The total equity attributable to the parent company increased slightly from CNY 1,511,829,610.30 to CNY 1,513,685,717.17[16]. - The company's short-term borrowings decreased from CNY 1,828,398,346.18 to CNY 1,741,386,272.03[15]. Operational Efficiency - The gross profit margin improved by 1.14 percentage points compared to the previous year, reflecting effective adjustments in production and operational strategies[8]. - Sales expenses decreased by 39.16% to CNY 796.71 million, primarily due to reduced sales scale and adjustments in marketing strategies[8]. - The company reported a significant increase in other income, which rose by 35.07% to CNY 5.91 million, attributed to operational subsidies in the passenger transport sector[8]. - The weighted average return on equity improved to 0.11%, compared to a negative 1.70% in the same period last year[4]. - The company plans to continue adjusting its business strategies in response to market trends to enhance operational efficiency and profitability[8]. Inventory Management - Inventory increased by 115.45% to CNY 56.43 million, mainly due to an increase in asphalt inventory held by a subsidiary[6]. - The inventory increased significantly from CNY 263,185,204.55 to CNY 567,032,689.48[14]. - The total non-current assets decreased from CNY 3,609,820,479.15 to CNY 3,572,943,189.16[15]. - The company's accounts receivable decreased from CNY 733,245,425.81 to CNY 539,909,666.44[14]. Audit Status - The company has not undergone an audit for the first quarter report[21].