DZUG(SH:600635)2024-04-29 09:41Financial Performance - Total operating revenue for Q1 2024 reached ¥2,190,965,555.63, a slight increase of 0.37% compared to ¥2,170,687,104.87 in Q1 2023[3] - Net profit for Q1 2024 was ¥84,108,155.47, down 72.3% from ¥303,374,518.53 in Q1 2023[4] - Operating profit for Q1 2024 was ¥137,998,693.10, a decrease of 60.0% from ¥343,826,321.45 in Q1 2023[4] - The company's total operating costs decreased to ¥2,041,637,252.48 in Q1 2024 from ¥2,094,159,124.09 in Q1 2023, reflecting a reduction of 2.5%[3] - Net profit attributable to shareholders decreased by 89.34% to approximately ¥27.68 million due to reduced equity method investment income[22] - The total comprehensive income attributable to the parent company for Q1 2024 is CNY 12,311,185.74, compared to CNY 243,033,757.31 in Q1 2023, reflecting a significant decrease[58] - The net profit for Q1 2024 is CNY 41,761,512.58, down from CNY 169,402,020.53 in Q1 2023, indicating a significant reduction in profitability[69] - The total comprehensive income for Q1 2024 is CNY 32,935,606.10, down from CNY 162,403,578.88 in Q1 2023, indicating a significant decline in overall financial performance[69] Cash Flow - Cash flow from investment activities showed a net outflow of ¥264,217,181.63 in Q1 2024, compared to a net inflow of ¥169,522,078.91 in Q1 2023[6] - Cash inflows from operating activities totaled approximately ¥42.35 million, down from ¥49.63 million in the previous year[10] - The net cash flow from operating activities fell by 70.58% to approximately ¥130.35 million, primarily due to increased cash outflows for natural gas procurement[22] - Net cash flow from operating activities for Q1 2024 is CNY 130,352,749.70, down from CNY 443,118,673.82 in Q1 2023, indicating a decline in cash generation[58] - Cash inflow from financing activities was $1,777,275,567.00, down from $2,016,061,813.50, representing a decrease of 11.85%[71] - Net cash flow from financing activities was $58,193,955.52, a decrease of 95.57% compared to $1,313,321,016.53 in the previous period[71] - Cash outflow from operating activities totaled $39,769,674.98, an increase of 2,776.73% compared to $1,432,088.03 in the previous period[71] Assets and Liabilities - Total assets at the end of Q1 2024 were approximately ¥22.98 billion, a 0.66% increase from the end of the previous year[25] - Total assets increased to ¥22,984,597,138.31 from ¥22,834,714,333.12, reflecting a growth of approximately 0.66%[56] - Total liabilities amounted to ¥8,197,665,932.33, compared to ¥8,093,750,839.64, showing an increase of approximately 1.28%[52] - Current assets totaled ¥5,762,056,975.34, up from ¥5,435,881,995.84, indicating an increase of about 6.00%[41] - Non-current assets decreased slightly to ¥17,222,540,162.97 from ¥17,398,832,337.28, a decline of approximately 1.01%[41] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 141,802[18] - The company holds 61,178,000 H shares, representing approximately 18.84% of the total issued shares[29] - The top shareholder, Shanghai Dazhong Enterprise Management Co., Ltd., holds 495,143,859 shares, accounting for 16.77% of the total shares[29] Other Financial Metrics - Basic and diluted earnings per share both decreased by 89.34% to ¥0.009376[22] - The weighted average return on net assets decreased by 2.78 percentage points to 0.33%[22] - The company reported a significant decrease in non-recurring gains and losses, impacting overall profitability[17] - Non-recurring gains and losses for the current period include a gain from the disposal of non-current assets amounting to ¥72,816.04[26] - Government subsidies recognized in the current period, closely related to the company's normal operations, total ¥5,632,204.44[26] - The fair value changes and disposal losses of financial assets and liabilities not related to normal operations resulted in a loss of ¥4,400,085.49[26]