Guizhou Gas(SH:600903)2024-04-29 09:37Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,029,912,234.46, representing a year-on-year increase of 6.14%[3] - The net profit attributable to shareholders for the same period was CNY 101,791,556.22, reflecting a growth of 16.50% compared to the previous year[3] - The basic earnings per share (EPS) for Q1 2024 was CNY 0.09, which is an increase of 12.50% year-on-year[3] - Total operating revenue for Q1 2024 reached ¥2,029,912,234.46, an increase of 6.15% compared to ¥1,912,561,357.51 in Q1 2023[23] - Net profit for Q1 2024 was ¥130,962,813.94, representing a 14.23% increase from ¥114,666,121.94 in Q1 2023[24] - Profit attributable to shareholders of the parent company for Q1 2024 was ¥101,791,556.22, up 16.58% from ¥87,378,386.22 in Q1 2023[24] - Earnings per share for Q1 2024 were ¥0.09, compared to ¥0.08 in Q1 2023[24] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 11,070,477,946.87, up 2.76% from the end of the previous year[3] - As of March 31, 2024, the total assets of Guizhou Gas Group amounted to RMB 11,070,477,946.87, an increase from RMB 10,773,494,385.14 at the end of 2023[17] - The total liabilities of the company were RMB 2,992,000,000.00, with a current ratio indicating a strong liquidity position[18] - Total liabilities as of the end of Q1 2024 amounted to ¥6,912,189,295.33, a slight increase from ¥6,733,316,098.39 at the end of Q1 2023[21] - Total equity increased to ¥4,158,288,651.54 in Q1 2024 from ¥4,040,178,286.75 in Q1 2023[21] Cash Flow - The net cash flow from operating activities was negative CNY 71,142,547.98, a decrease of 309.73% compared to the same period last year[3] - In Q1 2024, the cash inflow from operating activities was CNY 2,265,826,292.26, a decrease of 4.9% compared to CNY 2,383,256,371.92 in Q1 2023[26] - Cash outflow for purchasing goods and services was CNY 2,001,323,490.25, slightly down from CNY 2,018,397,481.99 in Q1 2023[26] - The net cash flow from investing activities was CNY -131,863,663.08, an improvement from CNY -242,056,624.75 in Q1 2023[27] - Cash inflow from financing activities totaled CNY 1,203,515,074.76, up from CNY 903,286,361.77 in the previous year[27] - The net cash flow from financing activities increased significantly to CNY 373,831,720.35, compared to CNY 91,221,599.33 in Q1 2023[27] - The ending cash and cash equivalents balance was CNY 841,393,914.68, slightly up from CNY 833,649,890.79 at the end of Q1 2023[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 49,605[9] - The top shareholder, Guizhou Wujiang Energy Investment Co., Ltd., holds 29.69% of the shares, totaling 341,394,483 shares[10] - The company reported a total of 215,474,738 shares held through margin trading accounts, with 69,000,000 shares involved in securities lending[12] Research and Development - Research and development expenses increased by 114.44% due to higher investment in R&D activities during the period[6] - Research and development expenses rose to ¥321,518.13 in Q1 2024, compared to ¥149,936.14 in Q1 2023[23] Other Financial Metrics - The company reported a significant increase in asset impairment losses by 209.10%, primarily due to increased inventory write-downs compared to the previous year[6] - The company received government subsidies amounting to CNY 363,447.56, which are closely related to its normal business operations[5] - The company’s equity investments totaled RMB 561,795,858.73, reflecting a stable investment strategy[18] - The total non-current assets amounted to RMB 8,395,870,417.35, slightly up from RMB 8,348,065,349.51[18] - The company reported a decrease in financial expenses to ¥42,159,371.57 in Q1 2024 from ¥52,206,556.88 in Q1 2023[23] - Other comprehensive income after tax for Q1 2024 was a loss of ¥23,320,869.96, contrasting with a gain of ¥6,607,579.82 in Q1 2023[24]