湖南发展(000722) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥84,954,395.71, an increase of 44.82% compared to ¥58,664,013.56 in the same period last year[5]. - Net profit attributable to shareholders for Q1 2024 reached ¥25,759,297.06, representing a significant increase of 571.42% from ¥3,836,530.26 in Q1 2023[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,828,032.62, a remarkable increase of 1,227.24% compared to a loss of ¥2,113,833.35 in the previous year[5]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.06, reflecting a 500.00% increase from ¥0.01 in the same period last year[5]. - The net profit for the first quarter of 2024 reached CNY 23,855,522.45, representing a significant increase of 746.97% compared to CNY 2,816,564.05 in the same period last year[14]. - Operating profit surged to CNY 31,074,283.49, marking a 399.34% increase from CNY 6,223,129.39 year-on-year, primarily due to abundant upstream water supply for hydropower stations[14]. - Total profit amounted to CNY 30,897,228.58, reflecting a 441.29% increase from CNY 5,708,078.94 in the previous year, driven by the same hydropower revenue growth[14]. Cash Flow - The net cash flow from operating activities for Q1 2024 was ¥38,340,775.32, up 44.32% from ¥26,566,095.45 in Q1 2023[5]. - Cash inflow from investment activities totaled CNY 362,368,756.16, a 155.46% increase from CNY 141,851,444.43, mainly due to the recovery of term deposits[15]. - Cash outflow from investment activities reached CNY 451,251,999.48, a 238.42% increase from CNY 133,340,842.18, primarily due to equity acquisition payments[16]. - The net cash flow from investment activities was negative at CNY -88,883,243.32, a decline of 1,144.38% compared to CNY 8,510,602.25 in the previous year[16]. - The company reported a cash and cash equivalents net decrease of CNY -50,542,468.00, a decline of 244.09% from CNY 35,076,697.70 in the previous year[16]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥3,257,992,933.68, a decrease of 10.07% from ¥3,622,761,673.15 at the end of the previous year[6]. - The total current assets decreased from CNY 1.575 billion to CNY 1.217 billion[27]. - The total liabilities decreased to CNY 136,320,487.75 from CNY 151,827,375.90, a reduction of 10.2%[30]. - The owner's equity attributable to the parent company was CNY 3,068,919,325.27, down from CNY 3,169,525,509.51, a decrease of 3.2%[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,251[18]. - The largest shareholder, Hunan Energy Investment Group Co., Ltd., holds a 51.53% stake, equating to 239,188,405 shares[18]. Strategic Acquisitions and Investments - The company plans to expand its market presence through strategic acquisitions, including a 46% equity stake in Mangdian Company[15]. - The company acquired a 46% stake in Mangdian Company from its controlling shareholder for a total of CNY 373.832 million to resolve competition issues[20]. - The company plans to invest in a rooftop distributed photovoltaic project with a total installed capacity of approximately 9.956 MWp[22]. Audit and Financial Reporting - The company appointed Zhongshun Huacai Accounting Firm as the auditor for the 2024 annual report, with an audit fee of CNY 678,000[26]. - The company has not yet audited the first quarter report[37].