东航物流(601156) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was RMB 5,223,948,184.70, representing a year-on-year increase of 14.17%[4] - The net profit attributable to shareholders was RMB 588,881,387.28, a decrease of 22.64% compared to the same period last year[4] - The gross profit margin for the main business was 15.81%, down 9.80 percentage points from the previous year[5] - Revenue from the comprehensive logistics solutions segment increased by 63.95% year-on-year, contributing RMB 262,663.86 million to total revenue[6] - Total operating revenue for Q1 2024 reached ¥5,223,948,184.70, a 14.2% increase from ¥4,575,487,029.69 in Q1 2023[20] - Net profit for Q1 2024 was ¥666,687,630.17, a decrease of 25.2% compared to ¥890,857,970.27 in Q1 2023[21] - Total comprehensive income for Q1 2024 was ¥666,864,273.97, down from ¥891,024,090.79 in Q1 2023[21] - The company achieved a profit before tax of ¥716,902,553.11, down from ¥1,193,321,844.08 in the same quarter last year[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative RMB 111,313,462.10, a decline of 108.42% year-on-year[4] - The company experienced a significant decline in cash flow due to increased cash payments for goods and services compared to the previous year[10] - Cash flow from operating activities showed a net outflow of ¥111,313,462.10, contrasting with a net inflow of ¥1,322,505,823.07 in Q1 2023[22] - The net cash flow from investing activities was $358,739,139.36, a significant improvement compared to the previous year's negative cash flow of -$107,298,949.37[23] - Total cash and cash equivalents at the end of the period decreased to $8,825,126,101.73 from $9,948,046,141.11, reflecting a net decrease of $393,306,970.49[23] - The cash outflow from financing activities totaled $648,952,887.27, down from $762,003,353.39 in the previous year[23] - The cash flow from financing activities resulted in a net cash flow of -$648,952,887.27, indicating a reliance on existing cash reserves[23] - The company’s cash and cash equivalents at the beginning of the period were $9,218,433,072.22, showing a decrease in liquidity over the quarter[23] Assets and Liabilities - The total assets at the end of Q1 2024 were RMB 28,219,839,156.99, a decrease of 1.84% from the end of the previous year[5] - As of March 31, 2024, the company's total assets amounted to ¥28,219,839,156.99, a decrease from ¥28,748,116,011.40 at the end of 2023[15] - The total liabilities decreased to ¥10,573,436,816.30 from ¥11,768,577,944.68 year-over-year[17] - The company's equity attributable to shareholders rose to ¥16,042,163,900.17 from ¥15,453,105,869.09[17] - The company's total current assets increased to ¥11,648,520,018.11 from ¥11,582,813,870.03 year-over-year[16] - The company's inventory decreased to ¥19,429,790.55 from ¥33,821,084.77 compared to the previous year[15] - The company reported a decrease in total non-current liabilities to ¥5,962,924,772.87 from ¥6,197,466,033.02[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,780[11] - The company reported a decrease in basic earnings per share to ¥0.37 from ¥0.48 in the previous year[21] Operational Changes - The company disposed of two B747 freighters, resulting in a non-operating gain of RMB 51,935,673.05[8] - The number of available freighters decreased to 14, with the company disposing of two B747 freighters during the first quarter of 2024[14] - Research and development expenses rose significantly to ¥11,218,696.27, compared to ¥5,822,917.41 in Q1 2023, marking a 92.1% increase[20] - The company recorded a significant increase in sales revenue from services, amounting to ¥5,107,465,941.10, compared to ¥4,574,575,438.76 in Q1 2023[22] Financial Reporting - The company has not adopted new accounting standards for the current year, maintaining consistency in financial reporting[23] - The impact of exchange rate changes on cash and cash equivalents was positive, amounting to $8,220,239.52, compared to $2,897,277.39 in the prior year[23]