中创环保(300056) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥99,124,224.63, representing a 58.05% increase compared to ¥62,718,255.34 in the same period last year[5] - Net profit attributable to shareholders was ¥17,444,126.61, a significant turnaround from a loss of ¥14,927,335.59 in the previous year, marking a 216.86% increase[5] - Basic and diluted earnings per share were both ¥0.0453, compared to -¥0.0387 in the previous year, reflecting a 217.05% increase[5] - Total profit for Q1 2024 was 11,544,932.45 CNY, a significant improvement from a loss of 20,335,612.09 CNY in Q1 2023, representing a 156.77% change[10] - The net profit for Q1 2024 was CNY 13,520,107.80, a significant recovery from a net loss of CNY 19,378,618.04 in the same period last year, marking a turnaround of over 169%[22] - Operating profit for the quarter was CNY 12,085,488.51, compared to an operating loss of CNY 20,246,622.10 in Q1 2023, indicating a substantial improvement[22] - The company’s total comprehensive income for the quarter was CNY 13,755,008.81, compared to a loss of CNY 19,401,823.24 in Q1 2023[23] Cash Flow and Liquidity - The net cash flow from operating activities was -¥91,396,623.27, a decline of 973.60% compared to ¥10,462,121.31 in the same period last year[5] - Cash received from sales decreased by 35.69% year-on-year to 63,538,935.42 CNY, primarily due to enhanced accounts receivable management[10] - Cash flow from operating activities showed a net outflow of 91,396,623.27 CNY, a drastic decline of 973.60% compared to a net inflow of 10,462,121.31 CNY in the same period last year[10] - Cash received from investment recoveries surged by 9,159.45% to 185,000,000.00 CNY, attributed to the disposal of 100% equity in Zhongchuang Huifeng[10] - The net increase in cash and cash equivalents was 37,831,807.90 CNY, marking a 224.76% increase compared to 11,649,229.70 CNY in Q1 2023[10] - The company reported a significant increase in cash paid for operating activities, totaling 212,355,438.64 CNY, up 51.03% from the previous year[10] - The company’s cash and cash equivalents at the end of the quarter stood at CNY 60,108,535.03, up from CNY 53,126,174.47 at the end of Q1 2023[26] Assets and Liabilities - Total assets decreased by 11.84% to ¥973,172,581.42 from ¥1,103,927,199.47 at the end of the previous year[5] - The total operating costs for the first quarter of 2024 were CNY 114,554,474.81, up 30.8% from CNY 87,565,848.40 in the previous year[21] - The total liabilities decreased to CNY 675,766,634.74 from CNY 771,789,810.67, showing a reduction in financial obligations[20] - The company's equity attributable to shareholders increased to CNY 319,426,920.71 from CNY 269,806,190.55, reflecting improved shareholder value[20] - Inventory levels decreased to CNY 146,410,719.59 from CNY 205,155,231.97, indicating a reduction in stock on hand[19] Investment Activities - The company reported a significant investment income of ¥25,973,361.21 from the disposal of its subsidiary, marking a 3070.03% increase compared to a loss of -¥874,516.42 in the previous year[9] - The company completed the transfer of 100% equity of its subsidiary, Beijing Zhongchuang Huifeng Environmental Technology Co., Ltd., generating an investment gain of ¥26,451,237.91[6] - Investment activities generated a net cash inflow of CNY 182,299,997.93, a significant increase from a net outflow of CNY 7,517,634.24 in the previous year[26] Shareholder Information - The company’s major shareholder, Shanghai Zhongchuang Lingxing, holds 13.11% of shares, amounting to 50,535,848 shares, with 47,900,000 shares pledged[12] - The total number of ordinary shareholders at the end of the reporting period was 15,903[12] Strategic Initiatives - The company completed a major asset sale on March 28, 2024, divesting the underperforming subsidiary Jiangxi Xiangsheng, which is expected to improve the company's financial and operational structure[17] - The company plans to focus on restructuring and enhancing competitiveness for sustainable development following the asset divestiture[17]