城发环境(000885) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,357,171,283.48, a decrease of 10.74% compared to ¥1,520,514,471.27 in the same period last year[5] - Net profit attributable to shareholders was ¥222,924,876.82, down 27.33% from ¥306,745,773.58 year-on-year[5] - Net profit for Q1 2024 was ¥249,809,065.39, down 26.8% from ¥341,359,628.62 in Q1 2023[19] - Operating profit decreased to ¥312,312,469.82, a decline of 24.5% from ¥413,689,693.72 in the previous year[18] - The basic and diluted earnings per share for Q1 2024 were both ¥0.3472, down from ¥0.4777 in Q1 2023[19] Cash Flow - The net cash flow from operating activities increased by 33.78% to ¥306,963,260.56, compared to ¥229,447,070.98 in the previous year[5] - The net cash flow from operating activities increased to ¥306,963,260.56, up 33.9% from ¥229,447,070.98 in Q1 2023[21] - The company reported a net cash outflow from investing activities of ¥447,021,136.64, a decrease of 35.93% compared to the previous year[9] - The company reported a net cash outflow from investing activities of ¥447,021,136.64, an improvement from a net outflow of ¥697,726,195.59 in the previous year[21] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥29,525,646,959.37, reflecting a 1.36% increase from ¥29,128,170,526.36 at the end of the previous year[5] - The total assets of Chengfa Environment Co., Ltd. as of March 31, 2024, amounted to CNY 29.53 billion, an increase from CNY 29.13 billion at the beginning of the period, reflecting a growth of approximately 1.4%[15] - Current assets reached CNY 6.17 billion, up from CNY 5.63 billion, indicating an increase of about 9.7%[15] - Total liabilities were reported at CNY 20.79 billion, slightly up from CNY 20.64 billion, showing a marginal increase of about 0.7%[16] - The company's long-term borrowings rose to CNY 13.53 billion from CNY 13.02 billion, reflecting an increase of approximately 4%[16] - The equity attributable to owners of the company remained stable at CNY 8.74 billion, unchanged from the previous period[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,061[11] - The largest shareholder, Henan Investment Group Co., Ltd., holds 56.47% of the shares, with 120,000,000 shares pledged[11] Expenses - Sales expenses increased by 53.06% to ¥6,609,175.15, attributed to the growth in sales activities[9] - Research and development expenses rose to ¥24,488,818.99, an increase of 21.8% compared to ¥20,112,869.03 in Q1 2023[18] Inventory and Receivables - Accounts receivable increased to CNY 2.96 billion from CNY 2.61 billion, marking a rise of around 13.1%[15] - Inventory levels increased to CNY 84.27 million from CNY 77.24 million, indicating a growth of about 9.8%[15] - The company reported a significant increase in accounts receivable financing, which rose by 99.22% to ¥1,457,752.96 from ¥731,747.60[9] Other Information - The weighted average return on equity decreased to 2.93% from 4.59% year-on-year, a decline of 1.66%[5] - The total non-current assets were CNY 23.36 billion, slightly down from CNY 23.50 billion, reflecting a decrease of about 0.6%[16] - The company reported a decrease in short-term borrowings from CNY 816.68 million to CNY 722.62 million, a reduction of approximately 11.5%[16] - Cash and cash equivalents at the end of the period were ¥1,419,238,289.17, an increase from ¥1,329,726,309.12 at the end of Q1 2023[21] - The first quarter report for 2024 has not been audited[22] - The new accounting standards will be implemented starting in 2024[22]