Financial Performance - Operating revenue for the first quarter of 2024 was RMB 5,837,973,993.47, representing a year-on-year increase of 3.68%[5] - Net profit attributable to shareholders of the listed company reached RMB 1,235,674,062.54, up 12.76% compared to the same period last year[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 1,235,525,702.68, showing a significant increase of 39.81% year-on-year[5][8] - Basic and diluted earnings per share were both RMB 0.2590, an increase of 12.76%[5] - Total revenue for Q1 2024 reached ¥5,837,973,993.47, an increase from ¥5,630,759,524.57 in Q1 2023, representing a growth of approximately 3.67%[20] - Operating profit for Q1 2024 was ¥1,557,541,847.84, compared to ¥1,549,278,821.88 in Q1 2023, indicating a slight increase[20] - Net profit attributable to shareholders for Q1 2024 was ¥1,235,674,062.54, up from ¥1,095,888,082.06 in Q1 2023, reflecting a growth of about 12.76%[20] - Total comprehensive income for Q1 2024 was ¥1,490,061,350.68, compared to ¥1,080,217,966.56 in Q1 2023, reflecting an increase of approximately 37.99%[21] Assets and Equity - Total assets at the end of the reporting period were RMB 72,798,641,287.47, a slight increase of 1.00% from the end of the previous year[6] - Equity attributable to shareholders of the listed company was RMB 35,728,391,767.86, up 4.00% from the previous year[6] - The group’s total assets as of March 31, 2024, amounted to RMB 72.799 billion, compared to RMB 72.084 billion as of December 31, 2023[17] - Total equity increased from ¥37,103,323,532.32 to ¥38,619,847,547.02, marking a growth of about 4.08%[20] Cash Flow - Net cash flow from operating activities was RMB 1,426,295,384.68, reflecting a decrease of 22.58% compared to the previous year[5] - In Q1 2024, the net cash flow from operating activities was CNY 1,426,295,384.68, a decrease of 22.6% compared to CNY 1,842,207,664.70 in Q1 2023[22] - Total cash inflow from investing activities was CNY 183,673,854.49, down from CNY 559,889,817.68 in the same period last year[22] - The net cash flow from financing activities was negative CNY 1,181,900,793.49, compared to a negative CNY 650,325,153.17 in Q1 2023, indicating increased cash outflows[23] - The company reported a total cash and cash equivalents balance of CNY 3,670,827,157.36 at the end of Q1 2024, down from CNY 4,249,463,555.80 at the end of Q1 2023[23] - Cash inflow from operating activities totaled CNY 5,458,365,317.44, while cash outflow was CNY 4,032,069,932.76, resulting in a net cash inflow of CNY 1,426,295,384.68[22] - The company’s cash and cash equivalents decreased by CNY 1,952,089,583.39 in Q1 2024, compared to an increase of CNY 11,097,875.58 in Q1 2023[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 53,575[9] - The largest shareholder, China Shipping Group Co., Ltd., held 1,536,924,595 shares, accounting for 32.22% of the total shares[10] - As of March 31, 2024, China Ocean Shipping Group Co., Ltd. holds 619,426,195 A-shares, representing approximately 45.20% of the total issued share capital of the company[12] Operational Highlights - In Q1 2024, the average daily earnings for VLCC TD3C (Middle East to China) were $44,261, with rates peaking near $70,000 per day due to market conditions[13] - The group achieved an operating revenue of RMB 5.271 billion in Q1 2024, a year-on-year increase of 1.4%[15] - The group’s oil transportation segment reported a gross profit margin of approximately 30%, up by 1.1 percentage points year-on-year[15] - LNG transportation contributed a net profit of RMB 182 million in Q1 2024, reflecting a 5% increase compared to the previous quarter[15] - The total cargo volume transported (excluding time charter) was 42.09 million tons, a year-on-year decrease of 2.0%[14] Expenses - Research and development expenses for Q1 2024 were ¥5,442,441.44, up from ¥4,136,516.17 in Q1 2023, indicating a growth of about 31.69%[20] - The company reported a decrease in financial expenses from ¥409,409,798.73 in Q1 2023 to ¥261,353,440.68 in Q1 2024, a reduction of about 36.24%[20] - The company experienced a foreign exchange impact of CNY 32,184,590.89 on cash and cash equivalents in Q1 2024, contrasting with a negative impact of CNY 8,084,194.93 in Q1 2023[23]
中远海能(01138) - 2024 Q1 - 季度业绩