韶能股份(000601) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥956,386,128.28, representing a 3.94% increase compared to ¥920,119,475.84 in the same period last year[8]. - Net profit attributable to shareholders was ¥24,086,140.54, a significant turnaround from a loss of ¥32,347,198.31 in the previous year, marking a 174.46% increase[8]. - In Q1 2024, the company's total profit reached CNY 46,911,652.90, a significant increase of 228.38% compared to the previous period[12]. - The company's net profit attributable to shareholders was CNY 24,086,140.54, reflecting a 174.46% increase year-on-year[12]. - Net profit for Q1 2024 was CNY 27,183,604.99, a significant recovery from a net loss of CNY 32,778,175.22 in Q1 2023[30]. - Basic and diluted earnings per share improved to ¥0.0223, compared to a loss of ¥0.0299 per share in the previous year, reflecting a 174.58% increase[8]. - Earnings per share for Q1 2024 was CNY 0.0223, compared to a loss per share of CNY 0.0299 in Q1 2023[30]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥704,114,483.71, a substantial increase of 2,586.96% from ¥26,204,839.48 in the same period last year[8]. - The cash flow from operating activities saw a substantial rise, amounting to CNY 704,114,483.71, a year-on-year increase of 2,586.96%[12]. - The company's cash and cash equivalents increased by 200.13% to ¥970,395,673.69, primarily due to the collection of receivables from previous years[11]. - The cash and cash equivalents increased significantly to RMB 970.40 million from RMB 323.32 million, representing a growth of 200.5%[26]. - Cash and cash equivalents increased to CNY 416,991,646.18 as of March 31, 2024, up from CNY 39,737,921.77 at the end of 2023[28]. - The company reported a net cash increase of ¥645,537,981.30 in Q1 2024, compared to ¥76,613,759.51 in Q1 2023[34]. - The company's cash and cash equivalents at the end of Q1 2024 were ¥907,785,260.80, up from ¥345,365,404.92 at the end of Q1 2023[34]. Assets and Liabilities - Total assets at the end of the reporting period were ¥13,349,202,202.15, up 2.10% from ¥13,074,385,635.16 at the end of the previous year[8]. - As of March 31, 2024, the company's total assets amounted to RMB 13.35 billion, an increase from RMB 13.07 billion as of December 31, 2023, reflecting a growth of approximately 2.06%[26]. - The company's total liabilities increased to RMB 8.71 billion from RMB 8.46 billion, an increase of about 3.1%[26]. - Total current liabilities decreased to RMB 3.36 billion from RMB 3.52 billion, a reduction of about 4.4%[26]. - The company reported a decrease in total liabilities to CNY 1,644,419,311.26 as of March 31, 2024, down from CNY 1,713,255,804.44 at the end of 2023[28]. - The company has a total of 5.05 billion in long-term borrowings, an increase from RMB 4.63 billion, reflecting a growth of approximately 9%[26]. Operational Efficiency - The company implemented cost control measures across various sectors, enhancing operational efficiency and profitability[16]. - The company reported a decrease in management expenses to CNY 58,778,512.97 in Q1 2024 from CNY 64,249,562.37 in Q1 2023, a reduction of approximately 8.5%[30]. - The company’s management expenses decreased to ¥9,174,306.92 in Q1 2024 from ¥9,661,950.48 in Q1 2023[32]. - The company incurred financial expenses of ¥2,138,614.06 in Q1 2024, significantly reduced from ¥4,567,287.99 in Q1 2023[32]. Business Segments and Growth - The company's hydropower business benefited from a 52.66% increase in water inflow, leading to higher revenue and profit[14]. - The biomass energy business reported a 40.96% increase in steam supply volume, driven by expansion efforts[16]. - The sales volume of eco-friendly paper tableware grew by 14.09% year-on-year, with a remarkable 117.34% increase in March alone[17]. - The company is accelerating the construction of a new energy vehicle gear technology transformation project, aiming for early production to become a new profit growth point[17]. Credit and Impairment - The company reported a significant decrease in credit impairment losses, which amounted to -¥41,779,200.36, a reduction of 1,225.01% compared to the previous year[11]. - The company reported a credit impairment loss of CNY 41,779,200.36 in Q1 2024, compared to CNY 3,153,123.75 in Q1 2023, indicating increased credit risk[30]. - Accounts receivable decreased by CNY 420 million compared to the beginning of the year, contributing to increased profits due to the reversal of bad debt provisions[14]. - Accounts receivable decreased to RMB 1.77 billion from RMB 2.19 billion, a decline of approximately 19%[26]. Other Information - The company recognized non-operating income of ¥2,714,211.95, with government subsidies contributing ¥2,701,758.71 to this total[10]. - The company has not reported any changes in the top ten shareholders or their participation in margin financing activities[21]. - The company did not report any new product developments or market expansions during this quarter[37].