山东出版(601019) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥2,470,026,547.23, representing a 13.38% increase compared to ¥2,172,296,483.36 in the same period last year[4] - Net profit attributable to shareholders of the listed company was ¥210,659,967.20, a decrease of 1.10% from ¥211,612,075.57 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥200,424,495.01, reflecting a 14.67% increase from ¥173,076,900.92 year-on-year[4] - In Q1 2024, the company reported a net profit of ¥208,846,089.75, a decrease of 1.0% compared to ¥212,546,345.70 in Q1 2023[26] - The total comprehensive income for Q1 2024 was ¥186,579,089.75, down from ¥212,546,345.70 in Q1 2023, reflecting a decline of approximately 12.2%[27] - The company's operating profit increased to ¥275,831,543.77 in Q1 2024, up 29.6% from ¥212,936,943.49 in Q1 2023[26] Cash Flow and Assets - The net cash flow from operating activities was -¥541,610,160.82, a significant decline compared to -¥69,269,437.91 in the same period last year, marking a decrease of 651.79%[4] - The company's cash and cash equivalents as of March 31, 2024, amount to ¥6,182,911,398.88, a decrease from ¥6,870,734,653.84 as of December 31, 2023[18] - Cash flow from operating activities showed a net outflow of ¥541,610,160.82 in Q1 2024, compared to a smaller outflow of ¥72,042,816.38 in Q1 2023[30] - The company generated cash inflows from operating activities totaling ¥2,296,266,851.98 in Q1 2024, an increase from ¥2,251,211,587.58 in Q1 2023[28] - The cash and cash equivalents at the end of Q1 2024 were ¥6,160,451,712.33, down from ¥7,453,433,209.65 at the end of Q1 2023[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥23,501,677,493.23, an increase of 2.84% from ¥22,853,562,176.95 at the end of the previous year[6] - Total liabilities rose to CNY 8.45 billion, up from CNY 7.99 billion, indicating an increase of about 5.70%[22] - The company's total equity reached CNY 15.05 billion, compared to CNY 14.86 billion, marking an increase of approximately 1.27%[24] - The company's contract liabilities increased to CNY 2.27 billion, compared to CNY 1.90 billion, indicating a growth of about 19.73%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 24,878[13] - The largest shareholder, Shandong Publishing Group Co., Ltd., holds 1,659,514,242 shares, accounting for 79.52% of total shares[13] - The total number of shares held by the top ten unrestricted shareholders is 1,659,514,242[13] - The top ten shareholders do not show any related party relationships or concerted actions[14] - The company has not reported any significant changes in the top ten shareholders due to margin trading activities[17] Operational Metrics - The company's R&D expenses increased by 56.34%, primarily due to increased investment in subsidiary research projects[11] - Accounts receivable rose by 46.05%, mainly due to an increase in receivables from spring textbook sales[11] - The company reported a 80.98% increase in taxes payable, attributed to the recognition of income tax for the first quarter[11] - The weighted average return on net assets was 1.41%, a decrease of 0.16 percentage points from the previous year[4] - The company reported a significant increase in credit impairment losses, amounting to ¥180,930,653.42 in Q1 2024, compared to ¥165,157,761.54 in Q1 2023[26] - The total operating expenses increased to ¥2,837,877,012.80 in Q1 2024, compared to ¥2,323,254,403.96 in Q1 2023, indicating a rise in operational costs[30] Acquisitions and Mergers - The company completed acquisitions of two companies under common control, leading to retrospective adjustments in comparative statements[6] - The company did not report any net profit from subsidiaries prior to the merger, indicating no impact from acquisitions in the current quarter[27]