陕鼓动力(601369) - 2024 Q1 - 季度财报

Financial Performance - In Q1 2024, the company's operating revenue was CNY 2,492,149,868.09, a decrease of 6.42% compared to the same period last year[23] - The net profit attributable to shareholders of the listed company was CNY 234,630,037.74, down 10.57% year-on-year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 220,913,316.78, a decrease of 9.77%[23] - Total revenue for Q1 2024 was $2.49 billion, a decrease of 6.42% compared to $2.66 billion in Q1 2023[76] - Net profit for Q1 2024 was $265.39 million, a decline of 5.84% from $281.88 million in Q1 2023[78] - The company achieved a total profit of $327.41 million in Q1 2024, down from $346.33 million in Q1 2023[78] - Basic earnings per share for Q1 2024 was $0.14, compared to $0.16 in Q1 2023[79] - Total operating costs for Q1 2024 were $2.14 billion, down 4.28% from $2.24 billion in Q1 2023[76] Cash Flow and Assets - The net cash flow from operating activities was CNY 230,640,557.66, an increase of 10.99% compared to the previous year[23] - Cash flow from operating activities for Q1 2024 was $230.64 million, an increase of 10.36% from $207.80 million in Q1 2023[81] - Cash and cash equivalents at the end of Q1 2024 totaled $4.45 billion, down from $5.74 billion at the end of Q1 2023[81] - As of March 31, 2024, the company's total current assets increased to approximately ¥22.47 billion, up from ¥20.70 billion as of December 31, 2023, representing an increase of about 8.5%[46] - The company's cash and cash equivalents rose to approximately ¥12.61 billion from ¥10.53 billion, marking an increase of about 19.8%[46] - The company's accounts receivable increased to approximately ¥3.89 billion from ¥3.70 billion, reflecting a growth of about 5.1%[46] Research and Development - The company completed 70 out of 91 planned research projects during the reporting period[13] - The company completed 12 out of 43 frontline R&D projects during the reporting period, focusing on customer needs[58] - Research and development expenses increased to $88.19 million in Q1 2024, up from $79.71 million in Q1 2023[76] - Four provincial-level or above scientific research projects were initiated during the reporting period[33] Technological Advancements - The company successfully developed intelligent control technology for gas storage compressor units, achieving international leading technical levels[18] - The company has launched new technologies in the petrochemical and CO2 cryogenic separation fields, marking significant market breakthroughs[11] - The company achieved its first application of vacuum machines in the soda ash process, improving competitiveness in the market[31] - The company secured its first electric-driven axial flow compressor set for a 550,000 tons/year isobutane dehydrogenation unit, marking a significant milestone in the petrochemical industry[31] - The company achieved a breakthrough in the green electricity pressure gas storage service field, successfully completing a complex configuration project, laying a solid foundation for expanding system services in the new energy sector[35] Market Expansion - The company is actively expanding its overseas market channels, achieving breakthroughs in the foreign compressor market[10] - The company signed a contract for a 100,000 m³ LNG liquefaction plant and a 42,000 m³ LNG regasification station, marking its entry into the international LNG market[31] - The company signed a total engineering contract for a hydrogenation project with a capacity of 1.6 million tons/year, enhancing competitiveness in the heavy oil hydrogenation market[31] Financial Position - Total assets increased by 5.88% to ¥26,977,659,442.39 compared to the previous year[25] - Total liabilities increased to approximately ¥17.35 billion, up from ¥16.15 billion, reflecting a growth of about 7.5% year-over-year[49] - Total equity rose to approximately ¥9.63 billion, compared to ¥9.33 billion, marking an increase of about 3.2% year-over-year[49] - Equity attributable to shareholders rose by 2.98% to ¥9,006,586,223.90 year-over-year[25] - The company's total assets reached approximately ¥26.98 billion, up from ¥25.48 billion, representing an increase of about 5.9%[48] Community Engagement and Recognition - The company has been recognized with multiple awards, including the "2023 Excellent Party Building Brand" in Xi'an and being named a "Quality Supplier" by a global top 50 steel company[42] - The company is committed to community support, implementing initiatives in education and agriculture to assist local villages[69] - The company is actively promoting a culture of responsibility and community engagement, organizing blood donation activities and environmental protection initiatives[44] Operational Efficiency - The company has implemented a "six self and one integration" approach to enhance its information system, significantly shortening the new product development cycle and improving design efficiency[38] - The smart service platform has improved, managing over 8,000 sets of equipment for more than 3,000 users in real-time[64] - The company provided comprehensive domestic technical services for multiple users' axial flow compressors and other equipment, enhancing service capabilities[60] - The company has strengthened its brand influence, receiving extensive media coverage with nearly 150 reports on its achievements in service-oriented manufacturing and smart manufacturing[67] Non-Recurring Gains and Losses - Non-recurring gains included a profit from the disposal of non-current assets amounting to ¥777,152.50[25] - Government subsidies recognized in the current period totaled ¥3,753,612.04[25] - Other comprehensive income after tax for Q1 2024 was $17.02 million, significantly higher than $0.72 million in Q1 2023[78]