GHWL(SH:600603)2024-04-29 11:57Financial Performance - The company's operating revenue for Q1 2024 reached ¥988,046,061.19, representing a year-on-year increase of 44.44%[5] - Net profit attributable to shareholders was ¥205,842,552.19, reflecting a growth of 20.65% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥174,378,369.65, which is an increase of 28.04% year-on-year[5] - Basic and diluted earnings per share were both ¥0.17, marking a 21.43% increase year-on-year[5] - The company reported an increase in energy logistics revenue as a key driver for the growth in operating income[12] - The company's logistics business achieved a revenue of RMB 988 million, representing a year-on-year growth of 44.44%[16] - Net profit attributable to shareholders reached RMB 206 million, up 20.65% year-on-year, while net profit excluding non-recurring gains and losses was RMB 174 million, a 28.04% increase[16] - The company reported a significant increase in cash and cash equivalents, contributing to improved liquidity[35] - The total comprehensive income for the current period is approximately 215.28 million, compared to 168.33 million in the previous period, marking an increase of around 28%[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥24,080,296,630.94, up 2.43% from the previous year[5] - Total assets increased to ¥24,080,296,630.94 in Q1 2024 from ¥23,508,801,720.22 in Q1 2023, marking a growth of 2.4%[35] - Total liabilities amounted to ¥16,694,910,621.63 in Q1 2024, up from ¥16,346,542,350.06 in Q1 2023, indicating a 2.1% increase[35] - Current assets totaled ¥6,523,192,578.82, an increase from ¥6,154,443,034.31 in the previous year, representing a growth of 6.0%[35] - Non-current assets reached ¥17,557,104,052.12, compared to ¥17,354,358,685.91 in the previous year, showing an increase of 1.2%[35] - Shareholders' equity attributable to the parent company increased by 3.29% to ¥6,715,557,796.07 compared to the end of the previous year[5] Cash Flow - The net cash flow from operating activities decreased by 65.93%, amounting to ¥242,525,964.39, attributed to unsettled freight charges[12] - Cash flow from operating activities for Q1 2024 was RMB 242.53 million, down from RMB 711.77 million in Q1 2023[24] - The net cash generated from financing activities is approximately 568.22 million, compared to 425.66 million in the previous period, showing an increase of about 33.47%[44] - The cash and cash equivalents at the end of the period amount to approximately 861.65 million, up from 273.58 million, indicating a significant increase of about 214.36%[44] - The net cash flow from investment activities is negative at approximately -625.65 million, compared to -1,094.94 million in the previous period, showing an improvement of about 42.73%[44] Government Support and Investments - The company received a government subsidy of RMB 7 million, positively impacting cash flow and supporting the development of its energy logistics business[17] - Two wholly-owned subsidiaries were established with an investment of RMB 10 million each, focusing on domestic freight transportation and logistics services[19] Future Outlook - The newly opened Jiangnao Railway is expected to enhance overall transportation capacity and improve coal supply dynamics in the region[17] - The company plans to continue expanding its market presence and exploring potential mergers and acquisitions to drive future growth[39] Other Financial Metrics - The weighted average return on equity decreased by 0.05 percentage points to 3.12%[5] - Research and development expenses were reported at ¥0, indicating a potential focus on operational efficiency rather than new product development in this quarter[39] - The net profit from continuing operations is approximately 215.28 million, up from 168.33 million, indicating a growth of around 28%[40] - The net profit attributable to minority shareholders is approximately 9.43 million, compared to a loss of 2.28 million in the previous period, indicating a turnaround[40] - The company has not executed new accounting standards or interpretations that would affect the financial statements for the current year[44]