东南网架(002135) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥3,004,428,656.28, a decrease of 5.78% compared to ¥3,188,816,102.10 in the same period last year[4] - Net profit attributable to shareholders was ¥88,103,627.61, down 37.60% from ¥141,198,299.42 year-on-year[4] - The company's net profit attributable to shareholders increased to CNY 218.11 million, compared to CNY 198.11 million in the previous year, marking a growth of 10.06%[22] - The net profit for Q1 2024 was CNY 86,666,188.76, a decrease of 38.0% compared to CNY 139,926,110.53 in Q1 2023[24] - The total profit before tax for Q1 2024 was CNY 103,518,733.89, down from CNY 163,177,130.84 in Q1 2023, reflecting a decline of 36.5%[24] - The operating profit for Q1 2024 was CNY 102,532,125.64, down 37.2% from Q1 2023[24] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥116,101,219.28, compared to a negative cash flow of ¥461,323,361.04 in the previous year, marking a 125.17% increase[4] - The cash flow from operating activities generated a net amount of CNY 116,101,219.28, a significant improvement from a net outflow of CNY -461,323,361.04 in the same period last year[25] - The cash and cash equivalents reached CNY 2.67 billion, up from CNY 1.37 billion, indicating a significant increase of 96.00%[20] - The cash and cash equivalents at the end of Q1 2024 totaled CNY 1,893,277,552.05, compared to CNY 667,871,826.07 at the end of Q1 2023, reflecting a substantial increase[26] - The total cash inflow from financing activities was CNY 4,103,353,336.63, compared to CNY 1,033,020,000.00 in the previous year, indicating a significant increase in financing[26] - The cash outflow for investing activities was CNY 44,681,267.52, a decrease from CNY 85,109,924.87 in Q1 2023, showing reduced investment expenditures[25] - The company experienced a net cash increase of CNY 1,412,245,322.38 in Q1 2024, contrasting with a net decrease of CNY -248,530,005.93 in the same quarter last year[26] Assets and Liabilities - Total assets increased by 5.90% to ¥19,476,479,737.20 from ¥18,391,392,885.89 at the end of the previous year[4] - As of March 31, 2024, the company's total assets amounted to CNY 19.48 billion, an increase from CNY 18.39 billion at the beginning of the period, representing a growth of approximately 5.93%[21] - The company's total liabilities decreased to CNY 12.82 billion from CNY 11.95 billion, showing a reduction of approximately 7.29%[22] - The company's equity attributable to shareholders increased to CNY 6.61 billion from CNY 6.40 billion, representing a growth of 3.10%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 59,168, with the largest shareholder holding 27.36% of the shares[10] - The company’s major shareholder, Zhejiang Southeast Steel Structure Group Co., Ltd., holds 314,515,000 shares, accounting for a significant portion of the total shares[12] - The company repurchased 9,630,000 shares, representing 0.84% of the total share capital[12] - The company’s top ten shareholders include several individuals and entities, with the largest being Zhejiang Southeast Steel Structure Group Co., Ltd.[12] - The company has not reported any changes in the top ten shareholders due to securities lending or borrowing activities[12] Convertible Bonds and Financing Activities - The company issued convertible bonds, resulting in a significant increase in cash flow from financing activities, which reached ¥1,340,680,037.42, a 350.08% increase year-on-year[8] - Zhejiang Southeast Steel Structure Co., Ltd. issued 20 million convertible bonds with a total amount of RMB 200 million, each with a face value of RMB 100[16] - The company received approval from the China Securities Regulatory Commission for the issuance of convertible bonds on August 25, 2023[15] - The company is in compliance with the requirements for issuing convertible bonds as per the new regulations effective from February 17, 2023[14] - The company’s bond issuance plan was approved in the board meetings held on December 28, 2023[16] - The company has disclosed its plans and progress regarding the issuance of convertible bonds on the official information platform[15] Inventory and Expenses - The company’s inventory stock increased by 798.35% to ¥49,277,657.92, attributed to stock repurchase activities[8] - The company's inventory stood at CNY 2.04 billion, slightly up from CNY 2.01 billion, indicating a growth of 1.00%[20] - The company reported a research and development expense of CNY 92.49 million, an increase from CNY 87.54 million, reflecting a growth of 5.00%[23] - The company reported a 78.51% increase in credit impairment losses to ¥92,464,290.59, mainly due to provisions for accounts receivable[8] Return on Equity - The company’s weighted average return on equity decreased to 1.37% from 2.25% in the previous year, a decline of 0.88%[4] - The company decided not to adjust the conversion price of the "Dongnan Convertible Bonds" despite triggering the downward adjustment clause, maintaining the price at CNY 4.87 per share[17]