Petrochemical and oil services: Net profit in the first quarter of 2024 is 177 million yuan, a year-on-year increase of 22.1%

Petrochemical Oilfield Services (600871) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 18.533 billion yuan, a year-on-year increase of 3.30%; net profit attributable to the parent company was 177 million yuan, a year-on-year increase of 22.1%; non-net profit after deducting 136 million yuan, a year-on-year decrease of 17.17%; generated from operating activities Net cash flow was -765 million yuan, compared with -522 million yuan in the same period last year; during the reporting period, the basic earnings per share of Petrochemical Oilfield Services was 0.009 yuan, and the weighted average return on net assets was 2.20%.

Petrochemical Oilfield Services (600871) disclosed its first quarter report for 2024 on April 26.

In the first quarter of 2024, the company achieved total operating income of 18.533 billion yuan, a year-on-year increase of 3.30%; net profit attributable to the parent company was 177 million yuan, a year-on-year increase of 22.1%; non-net profit after deducting 136 million yuan, a year-on-year decrease of 17.17%; generated from operating activities Net cash flow was -765 million yuan, compared with -522 million yuan in the same period last year; during the reporting period, the basic earnings per share of Petrochemical Oilfield Services was 0.009 yuan, and the weighted average return on net assets was 2.20%.

In the first quarter of 2024, the company\’s gross profit margin was 7.92%, an increase of 0.77 percentage points year-on-year; the net profit margin was 0.96%, an increase of 0.15 percentage points compared with the same period last year.

Data shows that the company\’s weighted average return on net assets in the first quarter of 2024 was 2.20%, an increase of 0.30 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 0.91%, an increase of 0.05 percentage points from the same period last year. .

In the first quarter of 2024, the company\’s net cash flow from operating activities was -765 million yuan, a year-on-year decrease of 244 million yuan; net cash flow from financing activities was 81.26 million yuan, a year-on-year decrease of 748 million yuan; net cash flow from investing activities was -246 million yuan yuan, compared with -276 million yuan in the same period last year.

In the first quarter of 2024, the company\’s operating income cash ratio was 97.72%, and the net cash ratio was -431.33%.

In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s contract assets increased by 16.76% from the end of the previous year, and the proportion of the company\’s total assets increased by 3.79 percentage points; receivable financing decreased by 54.07% from the end of the previous year, and the proportion of the company\’s total assets decreased. 1.96 percentage points; monetary funds decreased by 34.29% compared with the end of the previous year, and the proportion of the company\’s total assets decreased by 1.27 percentage points; inventories increased by 63.59% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.04 percentage points.

In terms of major changes in liabilities, as of the end of the first quarter of 2024, the company\’s contract liabilities decreased by 28.33% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.98 percentage points; short-term borrowings increased by 2.07% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.74 percentage points. ; Other payables (including interest and dividends) increased by 6.09% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.31 percentage points; lease liabilities increased by 51.49% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.22 percentage points.

The first quarter report shows that among the company\’s top ten tradable shareholders at the end of the first quarter of 2024, the new shareholder is CITIC Securities Co., Ltd., replacing China Life Insurance Co., Ltd. – Dividends – Personal Dividends – 005L-FH002 Shanghai at the end of the previous year.

In terms of specific shareholding ratios, Hong Kong Securities Clearing Company (Agents) Co., Ltd., Anhui Sunshine Information Technology Co., Ltd., CSI 500 Traded Open Index Securities Investment Fund, Li Feng, and He Long’s shareholdings have increased. Hong Kong CCDC\’s shareholding fell.

Like (0)
Previous April 25, 2024 8:00 pm
Next April 25, 2024 8:00 pm

Related posts

  • Yingjia Gongjiu (603198.SH): Net profit in the first quarter was 913 million yuan, a year-on-year increase of 30.43%

    Gelonghui April 25 | Yingjia Gongjiu (603198.SH) released its first quarter report for 2024, achieving operating income of 2.325 billion yuan, a year-on-year increase of 21.33%; net profit attributable to shareholders of the listed company was 913 million yuan, a year-on-year increase of 913 million yuan. An increase of 30.43%; net profit attributable to shareholders of listed companies excluding non-recurring gains and losses was 901 million yuan, a year-on-year increase of 32.70%; basic earnings per share was 1.14 yuan.

    stock options April 25, 2024
  • Jingneng Clean Energy (00579.HK) appoints Chen Dayu as chairman of the board of directors

    Gelonghui April 25丨Jingneng Clean Energy (00579.HK) announced that Mr. Zhang Fengyang has resigned as executive director, chairman of the board of directors, chairman of the strategy committee of the board of directors due to job changes and in accordance with Article 3.05 of the Securities Listing Rules of The Stock Exchange of Hong Kong Limited The positions of authorized representatives of the following companies will be effective from April 25, 2024.

    stock options April 25, 2024
  • Hindustan Construction raises ₹350 crore via rights issue

    Hindustan Construction Company has raised ₹350 crore through the rights issue. According to the company’s statement, the issue has been oversubscribed by 250 per cent, with the company receiving applications worth ₹877 crore (the balance being refunded to investors).

    stock options April 19, 2024
  • Strides receives USFDA approval for Sucralfate oral suspension; stocks move up

    Strides Pharma Science Ltd’s shares were up by 0.76 per cent after the company said its step-down wholly-owned subsidiary, Strides Pharma Global Pte Ltd, Singapore, had received approval from the United States Food & Drug Administration (USFDA) for the generic version of Sucralfate Oral Suspension, 1gm/10 mL.

    stock options May 22, 2024
  • Are there fewer and fewer people wanting the huge amount of U.S. debt issued?

    Recently, the sharp rise in international gold prices has attracted the attention of investors from almost all over the world. Behind the frenzied buying in the gold market, another safe-haven asset, U.S. Treasury bonds, presents a completely different scene of depression. A series of weak performance at U.S. Treasury auctions has stoked investor concerns that the market will struggle to absorb the massive issuance of Treasury debt. In the past week, after weak demand for the US$39 billion 10-year Treasury bond auction, the bond market sell-off triggered by higher-than-expected U.S. CPI in March intensified. Investors also showed little interest in the three-year and 30-year U.S. Treasury auctions. Behind the growing caution among bond market investors is the growing belief that U.S. inflation is not yet fully under control and that the Federal Reserve will keep interest rates at multi-decade highs in the coming months or even years. The yield on the 10-year U.S. Treasury note, known as the “anchor of global asset pricing” and the benchmark for pricing borrowing rates from mortgages to corporate loans, closed at around 4.5% last…

    stock options April 15, 2024
  • Xinhua Pharmaceutical: Net profit in the first quarter of 2024 was 142 million yuan, a year-on-year decrease of 6.41%

    CSI Intelligent Financial News Xinhua Pharmaceutical (000756) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 2.475 billion yuan, a year-on-year decrease of 6.25%; net profit attributable to the parent company was 142 million yuan, a year-on-year decrease of 6.41%; non-net profit after deduction was 138 million yuan, a year-on-year decrease of 6.41%; Net cash flow was 38.0634 million yuan, compared with -184 million yuan in the same period last year; during the reporting period, Xinhua Pharmaceutical\’s basic earnings per share was 0.21 yuan, and the weighted average return on net assets was 3.04%.

    stock options April 25, 2024