Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,166,698,799.22, representing a year-on-year increase of 0.95%[3] - Net profit attributable to shareholders of the listed company decreased by 89.34% to CNY 27,680,914.58 compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses also saw a decline of 89.08%, amounting to CNY 33,499,324.66[3] - Basic and diluted earnings per share were both CNY 0.009376, reflecting a decrease of 89.34%[3] - The weighted average return on equity decreased by 2.78 percentage points to 0.33%[3] - Net profit for Q1 2024 decreased to CNY 84,108,155.47, down from CNY 303,374,518.53 in Q1 2023, reflecting a decline of about 72.3%[17] - Earnings per share for Q1 2024 was CNY 0.009376, compared to CNY 0.087972 in Q1 2023, indicating a significant drop in profitability per share[18] - The comprehensive income total for Q1 2024 was CNY 32,935,606.10, down from CNY 162,403,578.88 in Q1 2023, a decrease of 79.8%[27] Cash Flow - The net cash flow from operating activities was CNY 130,352,749.70, down 70.58% year-on-year[3] - In Q1 2024, the company reported cash inflows from operating activities of RMB 2,290,569,860.54, a slight increase from RMB 2,267,449,679.95 in Q1 2023, representing a growth of approximately 1.0%[19] - Cash outflows for purchasing goods and services in Q1 2024 amounted to RMB 1,872,499,787.03, compared to RMB 1,481,136,907.86 in Q1 2023, indicating a significant increase of about 26.4%[19] - The company reported a decrease in cash flow from operating activities net amounting to RMB -252,605,204.50 in Q1 2024, compared to a positive cash flow of RMB 1,403,207,261.79 in Q1 2023[21] - The company's cash and cash equivalents decreased to RMB 2,937,397,879.15 by the end of Q1 2024, down from RMB 4,357,589,576.70 at the end of Q1 2023, a decline of about 32.5%[21] - The net increase in cash and cash equivalents was negative at ¥–21,588,553.45 in Q1 2024, compared to a positive increase of ¥1,362,328,417.67 in Q1 2023[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,984,597,138.31, an increase of 0.66% from the end of the previous year[3] - Total liabilities increased to CNY 8,197,665,932.33 as of March 31, 2024, compared to CNY 8,093,750,839.64 at the end of 2023, reflecting a growth of 1.3%[24] - The total assets reached CNY 15,110,526,624.46 as of March 31, 2024, up from CNY 14,973,840,335.47 at the end of 2023, indicating a growth of 0.9%[24] - Total current assets as of March 31, 2024, reached RMB 2,990,361,886.89, up from RMB 2,781,434,536.56 as of December 31, 2023, reflecting an increase of approximately 7.5%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 141,802[7] - The top 10 shareholders hold a total of 1,303,000,000 shares, representing approximately 43.36% of the total shares outstanding[8] - Shanghai大众企业管理有限公司 holds 495,143,859 shares, accounting for 16.77% of the total shares, with 352,000,000 shares pledged[8] - The company reported a total of 61,178,000 H shares held by Shanghai大众企业管理有限公司 as of March 31, 2024, which is approximately 18.84% of the total issued shares[9] Investment Performance - Investment income for Q1 2024 showed a loss of CNY 10,344,666.05, contrasting with a profit of CNY 300,440,506.76 in Q1 2023, indicating a significant downturn in investment performance[15] - The company reported investment income of CNY 62,767,399.77 in Q1 2024, down from CNY 273,203,724.19 in Q1 2023, a decline of 77.0%[26] Financial Expenses - The company reported a decrease in financial expenses, with Q1 2024 financial costs at CNY 32,789,953.85, down from CNY 79,873,182.17 in Q1 2023, indicating a reduction of approximately 59%[15] - The financial expenses for Q1 2024 were CNY 19,718,690.24, significantly reduced from CNY 63,924,402.32 in Q1 2023, showing a decrease of 69.1%[26]
大众公用(01635) - 2024 Q1 - 季度业绩