石化机械(000852) - 2024 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2024 was CNY 1,672,329,885.95, a decrease of 13.45% compared to CNY 1,932,304,047.17 in the same period last year[3] - Net profit attributable to shareholders was CNY 25,305,398.79, down 1.70% from CNY 25,743,372.89 year-on-year[3] - Net profit excluding non-recurring gains and losses increased by 18.83% to CNY 23,504,177.40 from CNY 19,779,498.05 in the previous year[3] - Total operating revenue for Q1 2024 was CNY 1,672,329,885.95, a decrease of 13.4% compared to CNY 1,932,304,047.17 in the same period last year[17] - Total operating costs for Q1 2024 were CNY 1,657,644,263.04, down 12.9% from CNY 1,905,243,344.29 year-over-year[17] - Net profit for Q1 2024 reached CNY 30,966,172.35, slightly up from CNY 30,240,734.14 in Q1 2023, representing a growth of 2.4%[18] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -637,486,561.39, a significant decline of 891.65% compared to CNY -64,285,682.90 in the same period last year[3] - The company's operating cash flow for Q1 2024 was negative at CNY -637,486,561.39, compared to CNY -64,285,682.90 in the previous year[20] - The company reported a total cash outflow from operating activities of CNY 1,968,828,531.05, compared to CNY 1,813,431,190.03 in the previous year[20] - The cash and cash equivalents decreased significantly from CNY 1,415,702,775.59 to CNY 677,821,999.67, a decline of approximately 52.2%[13] - The total cash and cash equivalents at the end of Q1 2024 were 677,821,999.67 CNY, down from 762,311,479.30 CNY at the end of Q1 2023, representing a decrease of about 11.1%[21] - The company reported a net decrease in cash and cash equivalents of -737,880,775.92 CNY in Q1 2024, compared to -204,497,275.72 CNY in Q1 2023, indicating a significant decline[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,787,896,749.50, a decrease of 2.55% from CNY 10,044,170,064.24 at the end of the previous year[3] - The company's current assets totaled CNY 7,939,773,561.74, down from CNY 8,141,142,105.87 at the start of the period, indicating a decline of approximately 2.5%[14] - The total liabilities as of Q1 2024 were CNY 6,613,867,336.09, a decrease of 4.1% from CNY 6,896,520,653.80 in the previous year[18] - The total current liabilities decreased to CNY 6,474,013,035.47 from CNY 6,767,975,680.00, a reduction of about 4.3%[14] - The total non-current liabilities amounted to CNY 139,854,300.62, an increase of 8.5% from CNY 128,544,973.80 in the previous year[18] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 1.06% to CNY 3,018,809,704.15 from CNY 2,987,110,631.59 at the end of the previous year[3] - The total equity attributable to shareholders of the parent company was CNY 3,018,809,704.15, an increase of 1.1% from CNY 2,987,110,631.59 year-over-year[18] Operational Metrics - Research and development expenses increased to CNY 71,970,282.48 in Q1 2024, up from CNY 62,506,820.97 in Q1 2023, marking a rise of 15.5%[17] - Accounts receivable increased to CNY 2,624,128,856.83 from CNY 2,453,321,776.13, reflecting a growth of about 6.9%[13] - Inventory rose to CNY 3,526,778,838.61, compared to CNY 3,385,235,312.11, marking an increase of approximately 4.2%[13] Strategic Developments - Sinopec signed a three-year financial service agreement with Sinopec Finance Co., Ltd. and renewed several other agreements with related parties, indicating ongoing strategic partnerships[11] - The company completed the registration of the reserved stock grants under the 2022 restricted stock incentive plan, enhancing employee motivation and retention[10] Accounting and Reporting - The company did not undergo an audit for the Q1 2024 report[22] - The company is implementing new accounting standards starting in 2024, which may affect future financial reporting[22] - The report was released on April 26, 2024, indicating the company's commitment to timely financial disclosures[23]