SGC(SH:601139)2024-04-26 07:52Financial Performance - The company's operating revenue for Q1 2024 was CNY 6,862,512,498.65, a decrease of 9.44% compared to the same period last year[3]. - Net profit attributable to shareholders of the listed company was CNY 275,678,322.80, an increase of 6.73% year-on-year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 269,393,264.85, reflecting a year-on-year growth of 15.87%[11]. - Total operating revenue for Q1 2024 was CNY 6,862,512,498.65, a decrease of 9.4% compared to CNY 7,577,665,500.43 in Q1 2023[16]. - Net profit for Q1 2024 reached CNY 315,505,230.08, an increase of 10% from CNY 286,779,319.26 in Q1 2023[17]. - Total comprehensive income for Q1 2024 was CNY 316,178,013.14, compared to CNY 286,779,319.26 in Q1 2023[17]. - The company reported a decrease in tax expenses to CNY 59,758,355.49 from CNY 79,798,262.62 in Q1 2023[17]. Cash Flow and Assets - The net cash flow from operating activities was CNY 198,760,080.04, down 30.26% year-on-year, primarily due to increased working capital requirements[6]. - Cash flow from operating activities for Q1 2024 was CNY 198,760,080.04, down 30.3% from CNY 284,996,148.04 in Q1 2023[18]. - The company's cash and cash equivalents increased to ¥6.17 billion from ¥5.84 billion, representing a growth of approximately 5.68%[12]. - The ending balance of cash and cash equivalents was approximately 6.15 billion, up from 3.34 billion year-over-year[19]. - Cash inflow from financing activities reached approximately 6.63 billion, up from 4.82 billion year-over-year[19]. - The net increase in cash and cash equivalents was approximately 381.04 million, compared to 73.47 million in the same period last year[19]. - Total cash outflow for investment activities was approximately 1.10 billion, compared to 1.34 billion in the previous year[19]. Sales and Revenue - Natural gas sales volume reached 1.307 billion cubic meters, a year-on-year increase of 9.74%[11]. - Pipeline natural gas sales volume was 1.171 billion cubic meters, up 11.84% from the previous year[11]. - The company experienced a decrease in gas wholesale revenue, which contributed to the overall decline in operating revenue[11]. - Sales revenue from goods and services received in cash for Q1 2024 was CNY 6,596,753,237.37, a decrease of 16.4% from CNY 7,896,393,872.41 in Q1 2023[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 45,696,065,345.99, an increase of 3.22% from the end of the previous year[4]. - As of March 31, 2024, the company's total assets amounted to approximately ¥45.70 billion, an increase from ¥44.27 billion at the end of 2023, reflecting a growth of about 3.22%[12]. - Accounts receivable rose to ¥3.63 billion, up from ¥2.78 billion, indicating a significant increase of about 30.54%[12]. - The total current liabilities reached ¥21.87 billion, compared to ¥21.42 billion, marking an increase of approximately 2.10%[15]. - Long-term borrowings increased to ¥2.42 billion from ¥1.85 billion, reflecting a growth of about 29.06%[15]. - The company's total equity stood at approximately ¥17.61 billion, up from ¥17.27 billion, which is an increase of about 1.96%[15]. - The company's inventory decreased to ¥1.52 billion from ¥1.95 billion, showing a decline of approximately 22.14%[12]. Strategic Focus - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[11]. - The company is focusing on expanding its market presence and investing in new technologies to drive future growth[14]. - The company plans to enhance its product offerings and explore potential mergers and acquisitions to strengthen its competitive position in the market[14]. - The company plans to continue focusing on R&D and market expansion strategies to enhance future growth[16]. Research and Development - R&D expenses for Q1 2024 amounted to CNY 158,146,298.58, up 10.3% from CNY 143,348,502.98 in Q1 2023[16]. Accounting Standards - The company did not apply new accounting standards for the first quarter of 2024[20].