*ST惠天(000692) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,194,215,327.28, representing a 10.16% increase compared to ¥1,084,049,035.77 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥160,241,400.15, an improvement of 37.70% from a loss of ¥257,217,821.78 in the previous year[5] - The net profit for the first quarter of 2024 was -167,422,127.63 CNY, compared to -272,674,312.86 CNY in the same period last year, showing an improvement of approximately 38.6%[18] - Operating profit for the first quarter was -167,113,811.01 CNY, an improvement from -272,684,644.74 CNY year-over-year[18] - The total comprehensive income for the first quarter was -167,422,127.63 CNY, compared to -272,674,312.86 CNY in the previous year, reflecting a 38.6% improvement[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥731,995,576.25, a decline of 164.18% compared to a negative cash flow of ¥277,077,003.49 in the same period last year[5] - Cash flow from operating activities was -731,995,576.25 CNY, worsening from -277,077,003.49 CNY in the previous year[19] - The company reported a significant decrease in cash received from sales, totaling 36,594,957.82 CNY, compared to 155,536,095.88 CNY in the previous year, a decline of approximately 76.5%[19] - Cash and cash equivalents decreased significantly to CNY 179,651,157.38 from CNY 514,665,457.20, indicating liquidity challenges[14] - Cash and cash equivalents at the end of the period were 150,311,946.23 CNY, down from 598,252,211.00 CNY at the end of the previous year[20] Assets and Liabilities - The total assets decreased by 9.27% to ¥4,902,189,218.85 from ¥5,402,953,931.94 at the end of the previous year[5] - Total assets decreased to CNY 4,902,189,218.85 from CNY 5,402,953,931.94, reflecting a contraction in the asset base[15] - Total liabilities decreased to CNY 4,858,728,311.10 from CNY 5,194,435,062.98, showing a reduction in overall debt[15] - The equity attributable to shareholders dropped by 91.07% to ¥15,475,821.78 from ¥173,353,055.51 at the end of the previous year[5] Shareholder Information - The company reported a total of 24,878 common shareholders at the end of the reporting period[11] - The largest shareholder, Shenyang Run Electric Heating Co., Ltd., holds 29.99% of the shares, amounting to 159,796,608 shares, with 145,046,490 shares pledged[11] Government Support and Cost Management - The company received government subsidies amounting to ¥2,717,762.58 during the reporting period[7] - The company plans to focus on cost management and improving cash flow in the upcoming quarters[16] - Total operating costs decreased slightly to CNY 1,347,360,948.31 from CNY 1,359,984,694.34, reflecting a cost reduction strategy[16] Credit and Receivables - Accounts receivable increased to CNY 531,335,612.67 from CNY 341,118,093.70, suggesting potential issues with collections[14] - The company incurred a credit impairment loss of -16,247,667.54 CNY during the quarter[18] Earnings Per Share - The basic and diluted earnings per share were both -¥0.3007, an improvement of 37.70% from -¥0.4827 in the same period last year[5] - The basic and diluted earnings per share were both -0.3007 CNY, an improvement from -0.4827 CNY in the same period last year[18] Financing Activities - Total cash inflow from financing activities was 802,614,122.21 CNY, compared to 360,000,000.00 CNY in the same period last year, indicating a 122.2% increase[20] - The net cash flow from financing activities was 502,427,090.41 CNY, up from 140,455,404.93 CNY year-over-year[20] - Short-term borrowings rose sharply to CNY 2,294,190,000.00 from CNY 1,633,645,657.52, indicating increased leverage[14]