保利联合(002037) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥986,954,541.40, a decrease of 16.02% compared to ¥1,175,172,246.19 in the same period last year[5] - The net loss attributable to shareholders was ¥66,391,753.98, representing an increase in loss of 81.12% from ¥36,655,989.91 year-on-year[5] - Basic and diluted earnings per share were both -¥0.137, down 80.26% from -¥0.076 in the same period last year[5] - The company reported a decrease in profit before tax of ¥52,300,000, a decline of 177.65%, mainly due to a drop in sales of civil explosives and insufficient effective construction time for major projects[8] - The net profit for Q1 2024 was -85,896,140.63 CNY, compared to -36,411,315.84 CNY in Q1 2023, representing a decline of approximately 136% year-over-year[19] - Operating profit for Q1 2024 was -81,238,393.77 CNY, worsening from -29,751,320.88 CNY in the same period last year[19] - The company reported a total comprehensive income of -85,653,904.82 CNY for Q1 2024, compared to -38,452,738.46 CNY in Q1 2023, representing a decline of approximately 123%[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥318,743,125.74, a decline of 225.19% compared to -¥98,018,490.12 in the previous year[5] - The net cash flow from financing activities increased by ¥96,270,000 compared to the previous year, primarily due to increased financing needs for business development[8] - The company's cash and cash equivalents at the end of the first quarter were CNY 1,354,764,114.18, slightly up from CNY 1,354,518,058.61 at the beginning of the quarter[14] - The total cash and cash equivalents at the end of Q1 2024 were 854,548,622.72 CNY, down from 1,134,343,555.64 CNY at the end of Q1 2023, a decrease of about 25%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥16,562,000,182.62, a slight increase of 0.18% from ¥16,532,591,282.69 at the end of the previous year[5] - The total assets as of March 31, 2024, amounted to CNY 16,562,000,182.62, a slight increase from CNY 16,532,591,282.69 at the beginning of the quarter[16] - Total liabilities increased to CNY 13,709,786,973.99 from CNY 13,604,026,566.00, marking an increase of about 0.78%[16] - The non-current liabilities totaled CNY 3,643,268,946.18, up from CNY 3,518,615,045.40, reflecting an increase of approximately 3.55%[16] Operational Metrics - The total operating revenue for the first quarter of 2024 was CNY 986,954,541.40, a decrease of approximately 15.99% compared to CNY 1,175,172,246.19 in the same period last year[18] - The total operating costs for the first quarter of 2024 were CNY 1,080,076,819.08, down from CNY 1,208,836,430.56, reflecting a reduction of about 10.63% year-over-year[18] - Total revenue from sales in Q1 2024 was 986,034,883.34 CNY, a decrease from 1,038,647,111.62 CNY in Q1 2023, reflecting a decline of about 5%[23] Research and Development - Research and development expenses increased by ¥5,810,000, a growth of 38.49% compared to the previous year, mainly due to increased investment by subsidiaries[10] - Research and development expenses increased to 20,900,213.28 CNY in Q1 2024, up from 15,094,217.49 CNY, marking a growth of approximately 38%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,407[10] Other Income and Expenses - Other income rose by ¥5,810,000, a significant increase of 212.65% year-on-year, primarily from government subsidies received by subsidiaries[10] - The company incurred financial expenses of 68,139,493.02 CNY in Q1 2024, an increase from 55,895,556.92 CNY in Q1 2023, reflecting a rise of approximately 22%[19] - The tax expenses for Q1 2024 were 4,153,340.52 CNY, down from 6,972,216.69 CNY in Q1 2023, indicating a decrease of about 40%[19] Future Outlook - The company plans to disclose its 2023 annual performance forecast on January 31, 2024[12]