联合水务(603291) - 2024 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2024 was CNY 235,368,176.72, a decrease of 2.48% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 33,635,215.50, an increase of 96.90% year-on-year[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 17,135,153.90, up 45.92% from the previous year[5] - Basic earnings per share for the period was CNY 0.0795, reflecting a growth of 77.21%[5] - Total operating revenue for Q1 2024 was ¥235.37 million, a decrease of 2.9% from ¥241.36 million in Q1 2023[21] - Net profit for Q1 2024 was ¥34.49 million, representing a 102.9% increase compared to ¥17.03 million in Q1 2023[22] - Operating profit for Q1 2024 was ¥46.81 million, up 102.5% from ¥23.13 million in Q1 2023[21] - Basic and diluted earnings per share for Q1 2024 were both ¥0.0795, compared to ¥0.0448 in Q1 2023[22] - Total comprehensive income for Q1 2024 was ¥35.06 million, compared to ¥14.86 million in Q1 2023[22] Cash Flow and Assets - The net cash flow from operating activities was CNY 20,845,567.83, down 55.93% compared to the same period last year[5] - The company reported a significant decrease in cash outflows for purchasing goods and services, impacting cash flow from operating activities[9] - Cash flow from operating activities for Q1 2024 was ¥20.85 million, a decrease of 55.9% from ¥47.30 million in Q1 2023[26] - The cash and cash equivalents decreased to RMB 136,035,527.61 from RMB 182,500,355.70, representing a decline of about 25.5%[15] - The company's cash and cash equivalents decreased by $18.82 million in Q1 2024, contrasting with an increase of $201.37 million in Q1 2023[27] - The ending balance of cash and cash equivalents was $127.61 million, a significant drop from $331.05 million at the end of Q1 2023, representing a decrease of approximately 61%[27] - The total cash outflow from investing activities was $190.29 million, slightly lower than $204.88 million in Q1 2023, indicating a reduction of about 7%[27] Assets and Liabilities - Total assets at the end of the period were CNY 3,659,923,992.66, a slight increase of 0.68% from the end of the previous year[6] - As of March 31, 2024, the total assets of Jiangsu United Water Technology Co., Ltd. amounted to RMB 3,659,923,992.66, an increase from RMB 3,635,143,272.14 at the end of 2023[15] - The company's current assets totaled RMB 756,436,471.93, up from RMB 721,268,051.78 at the end of 2023, reflecting a growth of approximately 4.9%[15] - The accounts receivable increased to RMB 332,275,846.27 from RMB 314,888,681.32, showing an increase of approximately 5.5%[15] - The total liabilities decreased slightly to RMB 1,869,792,195.85 from RMB 1,880,032,742.11, a reduction of about 0.9%[17] - The company's equity attributable to shareholders rose to RMB 1,739,904,895.08 from RMB 1,706,085,803.70, indicating an increase of approximately 2%[17] - The non-current assets totaled RMB 2,903,487,520.74, a slight decrease from RMB 2,913,875,220.36[16] - The short-term borrowings increased to RMB 151,264,909.09 from RMB 115,961,933.66, reflecting an increase of approximately 30.4%[16] Government and Other Income - Government subsidies recognized during the period amounted to CNY 21,365,753.22, contributing to the increase in net profit[7] - Other income for Q1 2024 was ¥21.30 million, significantly higher than ¥5.19 million in Q1 2023[21] Financing Activities - The total cash inflow from financing activities was $82.03 million, significantly lower than $305.24 million in the same quarter last year, reflecting a decrease of approximately 73%[27] - The net cash flow from financing activities was $45.11 million, down from $235.01 million year-over-year, showing a decline of about 81%[27] - Cash paid for debt repayment was $26.60 million, down from $56.70 million in Q1 2023, reflecting a decrease of about 53%[27] - The company received $68.35 thousand from minority shareholders in Q1 2024, compared to $220.01 million in the previous year, indicating a substantial decline in investment from minority interests[27] Research and Development - Research and development expenses increased to ¥505.50 thousand in Q1 2024, up from ¥318.41 thousand in Q1 2023[21] Accounting Standards - The company did not apply new accounting standards or interpretations starting in 2024, maintaining consistency in financial reporting[27]