Core Viewpoint - The company, Giant Tide Offshore Oil Services, reported a decline in revenue and net profit for the fiscal year 2024, while showing significant improvement in cash flow from operating activities [2]. Financial Performance - The total revenue for 2024 was 2.106 billion yuan, a year-on-year decrease of 19.69% [2]. - The net profit attributable to shareholders was 185 million yuan, down 27.42% compared to the previous year [2]. - The net cash flow from operating activities was 477 million yuan, reflecting a year-on-year increase of 66.25% [2]. - The basic earnings per share were 0.0904 yuan, and the weighted average return on equity was 8.75%, a decrease of 4.73 percentage points from the previous year [2][23]. Valuation Metrics - As of April 30, the price-to-earnings ratio (TTM) was approximately 6.93 times, the price-to-book ratio (TTM) was about 0.59 times, and the price-to-sales ratio (TTM) was around 0.62 times [2]. Revenue Composition - The revenue composition for 2024 included segments from oil and gas industry equipment engineering and comprehensive services, as well as new energy and refining industry equipment engineering and comprehensive services [13][18]. Cash Flow and Financial Position - The net cash flow from financing activities was -374 million yuan, a decrease of 210 million yuan year-on-year, while the net cash flow from investing activities was -79.01 million yuan [27]. - As of the end of 2024, accounts receivable and notes receivable decreased by 74.57%, while cash and cash equivalents increased by 5.72% [37]. Liabilities and Ratios - The company saw a significant reduction in contract liabilities by 90.61% and long-term borrowings by 86.59% [40]. - The current ratio was 2.05, and the quick ratio was 1.94 as of the end of 2024 [43].
巨涛海洋石油服务：2024年净利润1.85亿元 同比下降27.42%