恒逸石化(000703) - 2024 Q1 - 季度财报

Financial Performance - Revenue for Q1 2024 reached ¥31,655,506,086.59, an increase of 11.54% compared to the same period last year[5] - Net profit attributable to shareholders was ¥413,692,260.32, a significant increase of 1,087.19% year-on-year[5] - Net profit after deducting non-recurring gains and losses was ¥313,739,920.88, up 3,890.00% from the previous year[5] - Basic earnings per share rose to ¥0.12, reflecting a 1,100.00% increase compared to the same period last year[5] - Total operating revenue for Q1 2024 reached CNY 31,655,506,086.59, an increase of 11.99% compared to CNY 28,381,122,577.28 in Q1 2023[19] - Total operating costs for Q1 2024 were CNY 31,429,186,682.96, up from CNY 28,523,009,165.42 in the same period last year, reflecting a rise of 10.59%[19] - Net profit attributable to shareholders of the parent company for Q1 2024 was CNY 413,692,260.32, compared to CNY 34,846,332.38 in Q1 2023, marking a significant increase[20] - The total comprehensive income attributable to the parent company's owners was CNY 438,434,495.94, a decrease of 207,545,192.15 compared to the previous period[21] - Basic earnings per share increased to CNY 0.12 from CNY 0.01 in the previous period, while diluted earnings per share rose to CNY 0.11 from CNY 0.01[21] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥2,455,482,450.41, a decline of 52.77% year-on-year[10] - Operating cash inflows totaled CNY 34,408,135,655.88, compared to CNY 31,076,687,525.97 in the previous period, reflecting a growth of approximately 10.6%[23] - The net cash flow from operating activities was negative at CNY -2,455,482,450.41, worsening from CNY -1,607,351,938.39 in the previous period[23] - Cash inflows from financing activities amounted to CNY 23,420,210,401.43, an increase from CNY 17,551,020,844.12 in the previous period[24] - The net cash flow from financing activities was CNY 2,357,022,597.47, recovering from a negative CNY -1,955,337,750.80 in the previous period[24] - The cash and cash equivalents at the end of the period were CNY 8,246,775,864.77, down from CNY 8,433,635,203.43 in the previous period[24] - The company received CNY 449,089,095.67 in tax refunds, compared to CNY 573,218,046.28 in the previous period[23] - The company reported a net cash outflow from investing activities of CNY -193,848,629.75, an improvement from CNY -902,330,996.12 in the previous period[24] - The company’s total cash outflows from operating activities were CNY 36,863,618,106.29, compared to CNY 32,684,039,464.36 in the previous period[23] Assets and Liabilities - Total assets at the end of the period were ¥110,168,748,553.18, representing a 1.96% increase from the end of the previous year[5] - The company's total assets as of Q1 2024 amounted to CNY 110,168,748,553.18, up from CNY 108,052,106,925.94 at the end of Q1 2023[18] - Total liabilities increased to CNY 77,717,723,549.88 in Q1 2024 from CNY 76,089,618,255.20 in Q1 2023, indicating a growth of 2.14%[17] - The total liabilities and equity combined reached CNY 110,168,748,553.18 in Q1 2024, up from CNY 108,052,106,925.94 in Q1 2023[18] - The total equity attributable to shareholders of the parent company was CNY 25,588,733,419.11 in Q1 2024, compared to CNY 25,211,150,840.09 in Q1 2023[18] Investments and Growth Strategy - Investment income increased by 42.42% to ¥23,555,410.00, driven by higher returns from joint ventures and derivatives[9] - Research and development expenses for Q1 2024 were CNY 183,538,764.23, compared to CNY 155,573,137.60 in Q1 2023, reflecting an increase of 17.94%[19] - The company plans to continue expanding its market presence and invest in new technologies and products[12] - The first quarter report indicates a focus on enhancing operational efficiency and exploring potential mergers and acquisitions[12] - The company is committed to developing new products and technologies to drive future growth[12] Operational Efficiency - The weighted average return on equity improved to 1.64%, up from 0.14% in the same period last year[5] - The company experienced a 94.35% increase in contract liabilities, totaling ¥147,039,820.00, due to an increase in pre-sold goods[9] - Long-term equity investments increased to ¥13,885,920,674.78 from ¥13,669,254,123.61, showing an increase of approximately 1.58%[15] - Accounts receivable increased to ¥6,672,116,140.99 from ¥5,925,174,959.59, representing an increase of about 12.6%[14] - Inventory rose to ¥16,019,211,548.06 from ¥13,060,195,863.37, indicating an increase of approximately 22.5%[15] - Total current assets increased to ¥39,138,992,629.30 from ¥36,926,283,156.40, reflecting a growth of about 5.97%[15]