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.
