津滨发展(000897) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached ¥1,045,807,760.47, a significant increase of 1,403.93% compared to ¥69,538,522.93 in the same period last year[5] - Net profit attributable to shareholders was ¥177,493,691.68, marking a remarkable increase of 1,737.70% from a loss of ¥10,837,959.20 in the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥177,681,302.75, up 1,492.64% from a loss of ¥12,758,607.71 year-on-year[5] - The weighted average return on equity improved to 6.37%, an increase of 6.87 percentage points compared to -0.50% in the previous year[5] - Operating profit for the quarter was CNY 236,169,226.40, a recovery from an operating loss of CNY 13,209,656.18 in the previous year[21] - The company reported a basic and diluted earnings per share of CNY 0.1097, compared to a loss per share of CNY 0.0067 in the same quarter last year[21] Assets and Liabilities - Total assets decreased by 8.10% to ¥5,731,447,925.29 from ¥6,236,943,457.45 at the end of the previous year[5] - The total liabilities amounted to CNY 2,764,310,667.54, down from CNY 3,446,738,492.82, indicating a decrease of about 19.7%[17] - The total assets and equity attributable to the parent company increased to CNY 2,876,999,559.14 from CNY 2,699,505,867.46, reflecting a growth of about 6.6%[18] - Current assets totaled CNY 5,404,284,071.61, a decline of about 8.5% from CNY 5,909,501,468.87 at the start of the year[16] - The company’s accounts payable increased to CNY 641,627,815.51 from CNY 539,960,529.23, marking an increase of approximately 18.8%[17] Cash Flow - Cash flow from operating activities showed an improvement, with a net outflow of ¥218,903,146.51, a 37.63% reduction in outflow compared to ¥350,949,552.45 in the previous year[5] - Total cash and cash equivalents at the end of the quarter were CNY 1,004,035,584.96, an increase from CNY 817,828,838.84 at the end of Q1 2023[23] - The company's cash and cash equivalents decreased to CNY 1,012,784,091.37 from CNY 1,226,485,380.40, representing a reduction of approximately 17.5%[16] Operating Costs and Expenses - The company reported a significant increase in operating costs, which rose to ¥657,536,381.40, up 1,732.52% from ¥35,881,478.33 in the same period last year[9] - The total operating costs for Q1 2024 were CNY 809,719,905.08, compared to CNY 82,907,785.83 in the same period last year, reflecting a significant increase in operational scale[19] - The income tax expense surged to ¥58,925,851.70, reflecting an increase of 2,835.32% compared to a tax benefit of -¥2,154,261.84 in the previous year[9] - The company reported a tax expense of CNY 58,925,851.70 for the quarter, compared to a tax benefit of CNY 2,154,261.84 in Q1 2023[21] Contract Liabilities - Contract liabilities decreased by 42.18% to ¥1,195,070,633.00, primarily due to the completion and delivery of projects during the reporting period[8] - The company’s contract liabilities decreased significantly from CNY 2,066,707,513.25 to CNY 1,195,070,633.00, a reduction of about 42.2%[17] Additional Information - The first quarter report for Tianjin Jinbin Development Co., Ltd. is unaudited[24] - The new accounting standards will be implemented starting in 2024[24] - The financial statement adjustments related to the new accounting standards will be applicable from the beginning of the year[24] - The board of directors announced the first quarter report on April 27, 2024[24] - There are no specific performance summaries or user data provided in the document[24] - Future outlook and performance guidance are not detailed in the document[24] - No information on new products, technologies, market expansion, or mergers and acquisitions is available[24] - The document does not include any financial figures or percentages related to performance[24] - The report does not mention any new strategies[24] - The document is limited to the announcement of the unaudited report and accounting standards[24]