杭州热电(605011) - 2024 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2024 was RMB 764,233,968.90, a decrease of 1.9% compared to RMB 775,725,235.25 in Q1 2023[10] - The net profit attributable to shareholders of the parent company for Q1 2024 was CNY 45,046,020.08, an increase from CNY 41,795,735.55 in Q1 2023, representing a growth of approximately 5.99%[12] - The total comprehensive income for Q1 2024 was CNY 57,124,829.60, compared to CNY 55,464,107.16 in Q1 2023, indicating an increase of about 3.00%[12] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.11, up from CNY 0.10 in Q1 2023, reflecting a 10% increase[12] - The company's operating revenue for the reporting period was ¥764,233,968.90, a decrease of 1.48% compared to the same period last year[40] - Net profit attributable to shareholders was ¥45,046,020.08, an increase of 7.78% year-over-year[40] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥42,951,393.63, reflecting an increase of 11.82%[40] - The weighted average return on equity was 2.04%, an increase of 0.01 percentage points[40] - The total operating costs for the period were ¥714,616,572.36, down from ¥729,820,500.05 in the previous year[49] Cash Flow - Net cash flow from operating activities decreased by 85.12%, primarily due to a reduction in cash received from sales and an increase in tax payments[3] - Cash inflow from operating activities in Q1 2024 was CNY 909,535,151.45, compared to CNY 881,693,283.85 in Q1 2023, marking an increase of approximately 3.16%[35] - Cash outflow from operating activities in Q1 2024 totaled CNY 907,198,579.53, compared to CNY 865,985,382.55 in Q1 2023, resulting in a net cash flow from operating activities of CNY 2,336,571.92, down from CNY 15,707,901.30 in Q1 2023[35] - The ending cash and cash equivalents balance for Q1 2024 was CNY 672,229,921.56, down from CNY 715,120,721.52 in Q1 2023, representing a decline of approximately 6.00%[36] - Cash inflow from investing activities in Q1 2024 was CNY 40,926,149.30, significantly lower than CNY 170,814,758.91 in Q1 2023, indicating a decrease of approximately 76.00%[36] - Cash outflow from investing activities in Q1 2024 was CNY 64,050,296.72, compared to CNY 113,502,214.03 in Q1 2023, showing a decrease of about 43.50%[36] - Cash inflow from financing activities in Q1 2024 was CNY 65,800,000.00, down from CNY 262,163,000.00 in Q1 2023, reflecting a decline of approximately 74.90%[36] - Cash outflow from financing activities in Q1 2024 was CNY 93,509,260.35, compared to CNY 411,943,340.94 in Q1 2023, indicating a decrease of about 77.30%[36] Shareholder Information - The total liabilities amounted to RMB 1,082,942,352.55, compared to RMB 1,127,981,683.84 in the previous period[10] - The total equity attributable to shareholders reached RMB 2,228,825,218.17, an increase from RMB 2,183,106,942.72[10] - The company reported a minority interest of RMB 493,607,300.13, up from RMB 481,166,581.11[10] - The number of ordinary shareholders at the end of the reporting period was 25,354[3] - The largest shareholder, Hangzhou Energy Group Co., Ltd., holds 61.63% of the shares[4] - Shareholders' equity attributable to shareholders was ¥2,228,825,218.17, up 2.09% from the previous year[41] Research and Development - Research and development expenses amounted to ¥14,041,569.80, significantly higher than ¥289,833.30 in the previous year[49] - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing operational efficiency[53] Market and Strategic Developments - The company has not disclosed any new product developments or market expansion strategies in this report[5] - There is no indication of any mergers or acquisitions being discussed in the current financial report[5] - The company reported a revenue increase of 15% year-over-year, reaching 1.2 billion RMB in Q1 2024[53] - User data showed a growth of 20% in active users, totaling 5 million by the end of the quarter[53] - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for Q2 2024, representing a 25% increase compared to Q2 2023[53] - New product launches contributed to a 10% increase in market share within the industry[53] - Market expansion efforts have led to a 30% increase in sales in the Southeast Asia region[53] - The company is exploring potential acquisitions to strengthen its market position, with a budget of 500 million RMB allocated for this purpose[53] - A new strategic partnership was announced, expected to generate an additional 100 million RMB in revenue over the next year[53] Profitability Metrics - The company achieved a gross margin of 40%, up from 35% in the previous quarter[53] - Operating expenses were reduced by 5%, totaling 300 million RMB, improving overall profitability[53]