Financial Performance - The company's operating revenue for Q1 2024 was RMB 804,876,678.42, representing a decrease of 22.65% compared to the same period last year[5] - Net profit attributable to shareholders for the same period was RMB 138,851,431.42, down 18.60% year-on-year[5] - Basic earnings per share for Q1 2024 were RMB 0.10, reflecting a decrease of 9.09% compared to the previous year[5] - Total revenue for Q1 2024 was CNY 804,876,678.42, a decrease of 22.6% compared to CNY 1,040,584,663.77 in Q1 2023[23] - Operating profit for Q1 2024 was CNY 180,777,849.89, a decrease of 15.1% compared to CNY 212,978,678.94 in Q1 2023[23] - Net profit attributable to shareholders for Q1 2024 was CNY 146,935,270.62, down 17.7% from CNY 178,619,518.10 in Q1 2023[25] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 117.38%, amounting to RMB 223,971,977.34, due to increased operational income and government subsidies[5] - Operating cash inflow for Q1 2024 was CNY 786,770,756.46, an increase of 17.9% compared to CNY 666,743,506.91 in Q1 2023[31] - Cash inflow from operating activities was primarily driven by sales revenue of CNY 770,491,374.42 in Q1 2024, compared to CNY 643,940,616.20 in Q1 2023, reflecting a growth of 19.6%[31] - Cash outflow from investment activities in Q1 2024 was CNY 143,330,443.54, a decrease of 39.1% compared to CNY 235,335,075.11 in Q1 2023[33] - Net cash flow from financing activities for Q1 2024 was CNY 57,564,388.59, recovering from a negative cash flow of CNY 469,181,472.67 in Q1 2023[35] - The net increase in cash and cash equivalents for Q1 2024 was CNY 138,223,288.24, a recovery from a decrease of CNY 601,477,799.18 in Q1 2023[37] Assets and Liabilities - Total assets at the end of the reporting period were RMB 22,652,919,862.86, showing a slight increase of 0.51% from the end of the previous year[5] - Total liabilities as of March 31, 2024, were CNY 14,224,238,362.33, a slight decrease from CNY 14,263,308,748.01 as of December 31, 2023[21] - Total equity as of March 31, 2024, was CNY 8,428,681,500.53, an increase from CNY 8,273,956,894.94 as of December 31, 2023[21] - Long-term borrowings as of March 31, 2024, were CNY 7,056,454,319.64, slightly up from CNY 7,033,566,028.80 as of December 31, 2023[21] - The company reported a decrease in short-term borrowings to CNY 596,482,119.44 from CNY 516,440,084.96[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,596[9] - The top shareholder, Beijing State-owned Assets Management Co., Ltd., holds 42.63% of the shares, totaling 594,085,618 shares[10] Operational Highlights - The decrease in operating revenue was primarily due to a reduction in the number and scale of construction projects, leading to a decrease in construction income by RMB 306 million[8] - The company's subsidiary processed 3.4639 million tons of waste in Q1 2024, representing a year-on-year increase of 15.73%[14] - The electricity generation for Q1 2024 was 1,240,186,000 kWh, which is a 17.30% increase compared to the same period last year[14] - The on-grid electricity volume reached 999,538,600 kWh, marking a year-on-year growth of 13.55%[14] Convertible Bonds - The company’s convertible bonds, "Green Dynamic Convertible Bonds," have an adjusted conversion price of RMB 9.60 per share effective from July 26, 2023[14] - As of March 31, 2024, a total of 112,000 yuan worth of "Green Dynamic Convertible Bonds" have been converted into A-shares, accounting for 0.0008% of the total shares issued prior to conversion[14]
绿色动力环保(01330) - 2024 Q1 - 季度业绩