百川能源(600681) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,025,111,096.09, representing a year-on-year increase of 9.11%[6] - The net profit attributable to shareholders decreased by 47.60% to CNY 90,431,152.01 compared to the same period last year[6] - Basic and diluted earnings per share both fell by 47.63% to CNY 0.0674[6] - The decline in net profit was primarily due to increased natural gas procurement costs and reduced subsidies related to coal-to-gas operations[9] - Total operating revenue for Q1 2024 reached ¥2,025,111,096.09, an increase of 9.1% compared to ¥1,856,038,720.73 in Q1 2023[17] - Net profit for Q1 2024 was ¥94,363,318.11, a decrease of 46.6% from ¥177,246,110.86 in Q1 2023[18] - Earnings per share (EPS) for Q1 2024 was ¥0.0674, down from ¥0.1287 in Q1 2023, indicating a decline of 47.6%[19] Cash Flow - The net cash flow from operating activities was negative at CNY -526,322,229.13, indicating a significant cash outflow[6] - Cash flow from operating activities in Q1 2024 was ¥1,852,560,769.51, slightly down from ¥1,856,397,431.91 in Q1 2023[20] - The net cash flow from operating activities was negative CNY 526,322,229.13, worsening from negative CNY 207,010,554.16 in the previous year[21] - The company reported a net loss in cash flow from investing activities of CNY 106,428,855.17, compared to a loss of CNY 98,437,774.36 in the previous year[21] - The cash outflow from investing activities was 1,196,620,624.59 RMB, compared to 864,635,300.00 RMB in Q1 2023, representing an increase of about 38.4%[31] - The company received 1,046,998.18 RMB in cash related to operating activities, down from 1,346,625.82 RMB in Q1 2023, reflecting a decrease of approximately 22.3%[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,920,849,665.82, a slight increase of 0.63% from the previous year[7] - Current assets totaled RMB 1,456,754,897.51, compared to RMB 1,409,426,015.92 at the end of 2023, reflecting a growth of approximately 3.3%[14] - The total liabilities as of Q1 2024 amounted to ¥4,023,397,172.24, a decrease from ¥4,070,781,699.72 in Q1 2023[16] - The total liabilities decreased to CNY 557,630,628.84 from CNY 704,010,852.11 in the previous year[25] - The total owner's equity as of March 31, 2024, was CNY 6,406,747,141.88, slightly down from CNY 6,407,509,758.40 at the end of 2023[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,213[10] - Shareholders' equity attributable to the parent company increased by 2.55% to CNY 3,730,974,038.89[7] - Total equity for Q1 2024 was ¥3,897,452,493.58, compared to ¥3,800,368,716.03 in Q1 2023, reflecting an increase of 2.6%[16] Expenses - The company received government subsidies amounting to CNY 3,787,709.65, which were lower than the previous period[8] - Research and development expenses for Q1 2024 were ¥896,854.16, down from ¥1,369,952.41 in Q1 2023, indicating a reduction of 34.7%[17] - The company's management expenses for Q1 2024 were CNY 1,313,176.45, a reduction from CNY 2,902,841.20 in Q1 2023[28] - Interest expenses for Q1 2024 were CNY 2,947,654.83, down from CNY 3,133,094.46 in the same quarter last year[28] Inventory and Receivables - Accounts receivable increased significantly to RMB 440,730,279.81, up from RMB 264,337,679.34, representing a growth of approximately 66.8%[13] - Inventory decreased to RMB 255,994,907.64 from RMB 284,750,807.61, a decline of approximately 10.1%[13]