中化岩土(002542) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥204,205,480.13, a decrease of 42.10% compared to ¥352,688,276.58 in the same period last year[5] - The net profit attributable to shareholders was -¥50,362,351.85, representing a decline of 36.97% from -¥36,769,223.87 year-on-year[5] - The net cash flow from operating activities was -¥143,980,208.63, a significant decrease of 459.87% compared to -¥25,716,890.22 in the previous year[5] - The company's basic earnings per share were -¥0.03, a decrease of 50.00% from -¥0.02 in the same period last year[5] - Net loss for Q1 2024 was ¥49,985,637.14, compared to a net loss of ¥41,472,738.07 in Q1 2023, representing a 20.5% increase in losses year-over-year[29] - Operating profit for Q1 2024 was -¥57,921,243.41, compared to -¥50,978,291.13 in the previous year, indicating a worsening operational performance[28] - Cash received from sales of goods and services in Q1 2024 was ¥616,968,794.80, a decline of 16.7% from ¥740,951,455.00 in Q1 2023[31] - The company reported an increase in credit impairment losses to ¥33,143,920.37 from ¥16,100,558.43, indicating a rise in credit risk[28] - Other comprehensive income after tax for Q1 2024 was ¥38,983.15, a recovery from a loss of -¥1,950,917.65 in the same period last year[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,755,807,343.51, down 7.01% from ¥8,340,696,075.88 at the end of the previous year[5] - The company's total current assets decreased from 6.09 billion yuan to 5.53 billion yuan, a reduction of approximately 9.06%[23] - The company's total assets decreased from 8.34 billion yuan to 7.76 billion yuan, a reduction of approximately 6.93%[24] - The company's total liabilities decreased from 4.25 billion yuan to 3.75 billion yuan, a reduction of about 11.76%[24] - Total liabilities decreased to ¥5,594,232,789.30 from ¥6,088,976,733.70 at the beginning of the year, reflecting a reduction of 8.1%[25] - The company's non-current liabilities include a significant portion of short-term borrowings, which increased to 1.30 billion yuan[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 68,402[10] - The top 10 unrestricted shareholders hold a total of 628,000,000 shares, with Chengdu Xingcheng Investment Group Co., Ltd. being the largest shareholder, holding 528,632,766 shares[12] - The company’s total equity attributable to shareholders was ¥2,144,681,062.21, down 4.05% from ¥2,235,202,564.89 at the end of the previous year[5] - Total equity attributable to shareholders of the parent company decreased to ¥2,144,681,062.21 from ¥2,235,202,564.89, a decline of 4.1%[25] - The company has not disclosed any significant changes in shareholder relationships or actions that would affect the control structure[12] Financing Activities - The company has issued convertible bonds totaling RMB 603.66 million, with a conversion price adjusted to RMB 2.29 per share as of March 14, 2024[15][16] - As of March 15, 2024, a total of 29,798 convertible bonds have been converted into 884,122 shares, with 6,006,802 bonds remaining unconverted[16] - The company registered to issue medium-term notes up to RMB 10 billion, with the first phase of RMB 5 billion successfully issued and received on August 28, 2023[18] - The company’s financing structure includes a previous issuance of medium-term notes amounting to RMB 8 billion, with RMB 0.1 billion being repurchased in August 2023[17] - The company’s board has approved the issuance of convertible bonds and medium-term notes to optimize financial structure and reduce financing costs[14][18] - The total amount for the convertible bonds issued is RMB 60,366,000, with a conversion period extending until March 15, 2024[14] - The company approved a loan of up to 1 billion yuan from its controlling shareholder, with a term of 3 years and an average annual interest rate not exceeding the 1-year LPR plus 55 basis points[19] Cash Flow - The cash flow from financing activities was -¥12,403.89 million, a decrease of 37.02% compared to the previous year[9] - Total cash inflow from financing activities was 765,756,654.00, up from 359,008,700.00 in the previous period, reflecting increased borrowing[33] - Cash outflow for debt repayment reached 823,680,200.00, compared to 383,961,767.85 in the prior year, showing a substantial increase in debt servicing[33] - The net cash and cash equivalents decreased by 281,166,536.61, compared to a decrease of 69,087,755.09 in the same period last year[33] - Cash inflow from operating activities totaled 656,468,613.91, down from 807,678,113.60 in Q1 2023, indicating a decline in operational revenue[32] - Cash outflow for purchasing goods and services was 554,158,118.26, compared to 628,376,842.11 in the previous year, showing a reduction in operational expenses[32] - The cash balance at the end of Q1 2024 was 458,962,110.67, up from 336,075,139.14 at the end of Q1 2023[33] - The cash flow from investment activities was -12,721,693.05, a decline from 7,489,404.31 in the previous year, indicating reduced investment returns[32] - The company received tax refunds amounting to 29,304.88, significantly higher than 6,295.86 in the previous period, reflecting improved tax recovery[32] Legal Matters - The company reported a total of 267.30 million yuan in newly added litigation and arbitration cases, accounting for 9.03% of the latest audited net assets[20] Shareholder Activities - The company has not reported any changes in the participation of the top 10 shareholders in margin trading or securities lending activities[12] - The company expects to engage in related party transactions totaling 363.50 million yuan in 2024, related to procurement and service provision[21]