水发燃气(603318) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 630,497,061.74, representing a decrease of 24.95% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 24,468,894.47, an increase of 34.64% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 24,351,875.74, up 46.20% from the previous year[5] - Total operating revenue for Q1 2024 was ¥630,497,061.74, a decrease of 25% compared to ¥840,126,163.67 in Q1 2023[21] - Net profit for Q1 2024 increased to ¥43,877,282.98, representing a 16.1% rise from ¥37,580,985.31 in Q1 2023[22] - The total comprehensive income for Q1 2024 was ¥43,862,615.06, an increase from ¥37,772,693.48 in Q1 2023[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 35,295,940.09, a decline of 176.04% compared to the same period last year[5] - Cash flow from operating activities for Q1 2024 was negative at -¥35,295,940.09, a decline from positive cash flow of ¥46,415,080.45 in Q1 2023[27] - Cash and cash equivalents decreased to RMB 712,081,375.61 from RMB 863,550,438.23, reflecting a decline of approximately 17.54%[15] - Cash and cash equivalents at the end of Q1 2024 totaled ¥239,593,148.84, an increase from ¥192,728,799.23 at the end of Q1 2023[28] - The company incurred a total of ¥252,290,736.74 in cash outflows for debt repayment in Q1 2024, compared to ¥535,292,088.88 in Q1 2023[28] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 4,507,457,739.33, down 1.19% from the end of the previous year[6] - The company's current assets totaled RMB 1,345,746,778.79, down from RMB 1,383,790,216.71, indicating a decrease of about 2.74%[15] - Total liabilities decreased to RMB 2,508,629,593.24 from RMB 2,612,927,901.13, a reduction of about 3.97%[17] - The company's equity increased to RMB 1,998,828,146.09 from RMB 1,948,979,856.07, representing an increase of approximately 2.93%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,854[10] - The largest shareholder, Water Development Group Co., Ltd., holds 26.35% of the shares, with 60,113,184 shares pledged[11] - Shareholders' equity attributable to shareholders increased by 1.86% to CNY 1,670,668,883.19 compared to the end of the previous year[6] Operational Efficiency and Investments - The weighted average return on equity was 1.51%, an increase of 0.39 percentage points[5] - The company has maintained a stable long-term investment in equity, with long-term equity investments reported at RMB 261,890,903.65, slightly up from RMB 261,860,303.43[15] - The company is actively monitoring its financial health and operational strategies to adapt to market conditions, although specific new products or technologies were not detailed in the provided reports[19] Research and Development - Research and development expenses for Q1 2024 were ¥3,928,996.27, slightly down from ¥4,207,928.53 in Q1 2023[21] - The company reported an investment income of ¥30,600.22 in Q1 2024, recovering from a loss of -¥42,088.92 in Q1 2023[21] Accounting Standards - The company announced the implementation of new accounting standards starting from 2024, which will affect the financial statements from the beginning of the year[30]