Financial Performance - The company's revenue for Q1 2024 was ¥1,196,110,842.30, representing a 28.30% increase compared to ¥932,251,838.00 in the same period last year[5] - Net profit attributable to shareholders reached ¥19,331,861.87, a significant increase of 409.63% from ¥3,793,278.62 in the previous year[5] - The net profit excluding non-recurring gains and losses was ¥18,060,102.34, up 1,324.20% from ¥1,268,084.60 year-on-year[5] - The basic earnings per share for Q1 2024 was ¥0.1151, reflecting a 409.29% increase from ¥0.0226 in the same period last year[5] - Total operating revenue for Q1 2024 reached CNY 1,196,110,842.30, a 28.3% increase from CNY 932,251,838.00 in the same period last year[21] - Net profit for Q1 2024 was CNY 19,331,861.87, compared to CNY 3,793,278.62 in Q1 2023, marking a significant increase of 411.5%[23] - Basic and diluted earnings per share for the quarter were both CNY 0.1151, up from CNY 0.0226 in the previous year[24] - The total comprehensive income for Q1 2024 was CNY 12,781,846.78, significantly higher than CNY 3,793,278.62 in Q1 2023[24] Cash Flow and Investments - Cash flow from operating activities increased by 25.72% to ¥42,345,809.30 compared to ¥33,682,123.24 in the same period last year[5] - Cash flow from operating activities generated a net amount of CNY 42,345,809.30, compared to CNY 33,682,123.24 in the same quarter last year, indicating a 25.7% increase[24] - The net cash flow from investing activities was -¥498,038.38, an increase of ¥20,519,504.21 compared to the previous year, mainly due to payments for long-term asset acquisitions in the prior period[12] - The net cash flow from investment activities was -498,038.38, compared to -21,017,542.59 in the previous period, indicating a significant decrease in investment cash flow[25] - The total cash outflow from financing activities was 130,032,968.57, resulting in a net cash flow from financing activities of -130,032,968.57[25] - The net increase in cash and cash equivalents was -91,690,388.94, compared to an increase of 12,664,580.65 in the previous period[25] - The ending balance of cash and cash equivalents was 1,127,448,981.65, down from 1,173,885,424.97 at the end of the previous period[25] - The company reported a beginning cash balance of 1,219,139,370.59 for the quarter[25] - The impact of exchange rate changes on cash and cash equivalents was -3,505,191.29[25] Assets and Liabilities - The company's total assets decreased by 8.24% to ¥1,588,617,798.11 from ¥1,731,280,569.69 at the end of the previous year[5] - The company's total current assets decreased from CNY 1,583,169,832.50 at the beginning of the period to CNY 1,449,033,482.75 at the end[18] - Cash and cash equivalents decreased from CNY 1,308,963,160.60 to CNY 1,140,694,386.82, a decline of approximately 12.85%[18] - Total liabilities decreased from CNY 226,429,108.20 to CNY 67,363,514.89, a reduction of about 70.3%[19] - The company's total assets decreased from CNY 1,731,280,569.69 to CNY 1,588,617,798.11, a decline of approximately 8.23%[19] - The total non-current assets decreased from CNY 148,110,737.19 to CNY 139,584,315.36, a decrease of about 5.3%[19] - The company reported a significant reduction in short-term borrowings, from CNY 129,867,967.59 to zero[19] - Accounts payable decreased from CNY 11,832,845.41 to CNY 7,557,792.78, a decline of approximately 36.2%[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 16,185[16] - The largest shareholder, Wei Jisheng, holds 36.97% of shares, totaling 62,104,000 shares[16] - The company has no preferred shareholders or significant changes in the top ten shareholders' financing activities[17] Expenses - The company's management expenses for Q1 2024 were ¥5,178,195.08, a 35.69% increase from the previous year, primarily due to higher employee compensation and entertainment expenses[11] - Operating costs for the same period were CNY 1,172,787,539.12, up from CNY 929,162,320.25, reflecting a 26.2% increase[21] - Research and development expenses for the quarter were CNY 133,982.48, slightly up from CNY 126,114.76 year-over-year[21] Other Information - Other comprehensive income after tax for the quarter was CNY -6,550,015.09, compared to CNY 0.00 in the previous year[23] - The company reported a financial income of CNY 9,343,219.78, down from CNY 9,976,183.74 in the previous year[21] - The company did not receive any cash from financing activities during the first quarter[25] - The company has not undergone an audit for the first quarter report[26] - The company is implementing new accounting standards starting in 2024, which may affect financial reporting[26]
胜通能源(001331) - 2024 Q1 - 季度财报