Financial Performance - The company's operating revenue for Q1 2024 was ¥242,707,207.99, a decrease of 7.86% compared to ¥263,399,247.83 in the same period last year[6] - Net profit attributable to shareholders increased by 5.24% to ¥26,634,001.07 from ¥25,308,147.81 year-on-year[6] - The net profit for Q1 2024 was CNY 27,013,276.15, an increase of 5.6% compared to CNY 25,570,648.41 in Q1 2023[27] - The total profit amounted to CNY 31,782,640.84, up from CNY 30,654,826.03, reflecting a growth of 3.7% year-over-year[27] - Operating profit for the quarter was CNY 31,812,386.04, compared to CNY 30,841,234.76 in the previous year, indicating a rise of 3.1%[27] Cash Flow - The net cash flow from operating activities was -¥90,757,827.82, a decline of 114.89% compared to -¥42,234,568.01 in the previous year[6] - Cash flow from operating activities showed a net outflow of CNY -90,757,827.82, worsening from CNY -42,234,568.01 in the same period last year[30] - The company reported cash inflows from financing activities of CNY 210,127,043.22, significantly higher than CNY 3,244,635.12 in the previous year[31] - The total cash outflow from investing activities was CNY 159,036,569.36, compared to CNY 104,121,844.57 in the previous year, reflecting an increase of 52.8%[30] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥5,745,100,674.45, reflecting a 0.67% increase from ¥5,706,641,380.11 at the end of the previous year[6] - The company's total assets reached CNY 5,745,100,674.45, up from CNY 5,706,641,380.11, indicating a slight increase of 0.7%[25] - Total liabilities increased to CNY 3,118,344,349.71 from CNY 3,065,634,670.18, an increase of 1.7%[25] - The company’s long-term borrowings increased to CNY 1,188,655,420.77 from CNY 1,044,254,268.84, reflecting a rise of 13.8%[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,392[12] - The largest shareholder, Hubei Tianyuan Environmental Group Co., Ltd., holds 34.68% of the shares, totaling 145,719,479 shares[12] - The company has repurchased a total of 5,146,970 shares, accounting for 1.2248% of the total share capital, with a total transaction amount of RMB 50,494,241.11[15] - The controlling shareholder, Hubei Tianyuan Environmental Group, completed a share increase of 4,154,500 shares, representing 0.99% of the total share capital, with an investment amount of RMB 44,025,721.18[17] Financial Ratios and Metrics - The weighted average return on equity decreased to 1.03% from 1.20% year-on-year[6] - The company’s basic and diluted earnings per share remained unchanged at ¥0.06[6] - The net profit margin for Q1 2024 was impacted by an increase in financial expenses, which rose to CNY 10,201,698.12 from a negative CNY 913,730.65 in the previous period[26] - The company incurred income tax expenses of CNY 4,769,364.69, a decrease of 6.2% from CNY 5,084,177.62 in the prior year[27] Other Financial Information - The company reported a significant increase in financial expenses, rising to ¥10,201,698.12 from -¥913,730.65, marking a 1216.49% increase[11] - The company recorded a credit impairment loss of CNY 3,166,960.83 compared to a gain of CNY 6,016,323.38 in the previous period[26] - Cash and cash equivalents decreased to CNY 1,756,974,774.50 from CNY 1,910,533,847.37, reflecting a decline of 8.0%[23] - Accounts receivable decreased to CNY 473,844,734.83 from CNY 496,292,195.28, a reduction of 4.5%[23] - Non-current assets increased to CNY 2,987,405,084.09 from CNY 2,789,016,105.79, representing a growth of 7.1%[24] Convertible Bonds - As of the end of Q1 2024, there are 9,999,838 convertible bonds remaining, with a total face value of RMB 99,998.38 million[20] - The company’s convertible bonds have a conversion period from February 5, 2024, to July 27, 2029[18] - In Q1 2024, a total of 162 convertible bonds were converted into 1,570 shares of Tianyuan Environmental stock[20] - The company has not made any downward adjustments to the conversion price of the convertible bonds despite meeting the conditions for such adjustments[19]
天源环保(301127) - 2024 Q1 - 季度财报