BJP(SH:600578)2024-04-26 10:15Financial Performance - The company's operating revenue for Q1 2024 was CNY 9,114,265,054.31, representing a year-on-year increase of 6.26%[4] - The net profit attributable to shareholders was CNY 468,742,437.58, reflecting a growth of 15.01% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 464,245,465.18, an increase of 17.49% year-on-year[4] - Operating profit for Q1 2024 was ¥599,205,710.44, an increase from ¥507,766,614.84 in Q1 2023, representing a growth of 18.0%[17] - Net profit attributable to shareholders increased to ¥1,178,084,740.87 in Q1 2024, compared to ¥709,342,303.29 in Q1 2023, marking a growth of 66.1%[15] - The total profit for Q1 2024 was approximately ¥599.76 million, an increase of 18% compared to ¥508.13 million in Q1 2023[18] - Net profit attributable to shareholders of the parent company reached ¥468.74 million, up 15% from ¥407.56 million in the same period last year[18] Assets and Liabilities - The total assets at the end of the reporting period were CNY 90,391,647,264.25, showing a slight increase of 0.48% from the end of the previous year[4] - Total assets as of Q1 2024 amounted to ¥90,391,647,264.25, up from ¥89,963,375,955.39 in the previous quarter[15] - Total liabilities decreased to ¥56,967,567,961.19 in Q1 2024 from ¥57,169,971,418.75 in Q4 2023[15] - Long-term borrowings increased to ¥27,144,314,403.17 in Q1 2024, compared to ¥26,179,324,126.58 in Q4 2023, reflecting a growth of 3.7%[15] - The company reported a decrease in short-term borrowings to ¥8,451,497,442.75 in Q1 2024 from ¥9,752,679,254.69 in Q4 2023, a reduction of 13.4%[15] Cash Flow - The net cash flow from operating activities was CNY 1,361,754,252.23, with no applicable year-on-year comparison[4] - Operating cash flow for Q1 2024 was ¥1.36 billion, a significant recovery from a negative cash flow of ¥267.53 million in Q1 2023[19] - Cash outflow from investing activities was approximately ¥1.21 billion, compared to ¥829.41 million in Q1 2023, indicating increased investment activity[20] - The company reported a net cash outflow from financing activities of approximately ¥598.30 million, contrasting with a net inflow of ¥1.36 billion in Q1 2023[20] - The ending cash and cash equivalents balance was approximately ¥3.99 billion, down from ¥4.49 billion at the end of Q1 2023[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 61,436[9] - Beijing Energy Group holds 4,467,498,114 shares, representing 66.73% of total shares[9] - The top 10 shareholders include China Life Insurance Co., Ltd. with 431,432,509 shares, representing 6.44%[9] - The company has no significant changes in the top 10 shareholders compared to the previous period[11] Research and Development - Research and development expenses increased by 341.11% during the reporting period, indicating a significant rise in investment in innovation[8] - Research and development expenses increased significantly to ¥15,212,516.58 in Q1 2024, compared to ¥3,448,697.97 in Q1 2023, reflecting a growth of 340.5%[17] Tax and Government Subsidies - The company reported a 75.29% increase in income tax expenses, attributed to growth in revenue and profit[8] - The company received government subsidies amounting to CNY 5,943,140.11, primarily related to VAT refunds and environmental technology upgrades[6] - The company experienced a decrease in tax expenses, with Q1 2024 tax expenses at ¥34.72 million compared to ¥19.81 million in Q1 2023[18] Operational Insights - The company's weighted average return on equity increased by 0.30 percentage points to 1.96%[4] - The company's equity attributable to shareholders was CNY 28,017,110,684.38, up by 1.89% from the previous year[5] - The company has no new strategies or significant operational changes reported for the quarter[12] - There are no significant reminders for investors regarding the company's operational situation during the reporting period[12]