Financial Performance - Operating revenue for Q1 2024 was RMB 48,955,678 thousand, a decrease of 26.14% compared to the same period last year[2] - Net profit attributable to shareholders was RMB 2,230,265 thousand, an increase of 23.01% year-on-year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 2,182,750 thousand, up 35.61% from the previous year[2] - Total revenue for Q1 2024 was CNY 48,955,678, a decrease of 26.1% compared to CNY 66,279,365 in Q1 2023[19] - Operating profit for Q1 2024 increased to CNY 4,744,924, up 40.5% from CNY 3,378,517 in Q1 2023[20] - Net profit for Q1 2024 was CNY 4,048,498, representing a 39.3% increase from CNY 2,901,155 in Q1 2023[20] Cash Flow and Assets - The net cash flow from operating activities was RMB 3,578,062 thousand, down 9.46% year-on-year[2] - Operating cash flow for Q1 2024 was 3,951,750 in Q1 2023[23] - Cash inflow from investment activities in Q1 2024 was 257,127 in Q1 2023[24] - Net cash flow from financing activities in Q1 2024 was -4,386,822 in Q1 2023, indicating increased cash outflows[25] - The total cash and cash equivalents at the end of Q1 2024 amounted to 15,566,131 at the end of Q1 2023[26] - Total current assets as of March 31, 2024, amount to 60,238,148,000 RMB, an increase from 58,440,534,000 RMB as of December 31, 2023[15] - Cash and cash equivalents decreased to 20,403,345,000 RMB from 21,103,581,000 RMB[15] - Accounts receivable increased to 5,385,290,000 RMB from 4,024,325,000 RMB[15] - The company has 2,002,546,000 RMB in trading financial assets, down from 5,012,779,000 RMB[15] - The company’s inventory increased to 26,504,736,000 RMB from 22,847,135,000 RMB[15] - Total assets at the end of the reporting period were RMB 213,616,732 thousand, an increase of 0.88% from the previous year[2] - Total assets as of March 31, 2024, were CNY 213,616,732, up from CNY 211,755,809 as of December 31, 2023[18] Shareholder Information - China Aluminum Group holds 5,139,204,916 shares, representing 29.95% of total shares[10] - Hong Kong Central Clearing and Settlement Limited (H shares) owns 3,934,826,749 shares, accounting for 22.93%[10] - The company has no shares under pledge, marking a stable ownership structure[10] - The top ten shareholders collectively hold a significant portion of the company, ensuring strong governance and oversight[10] Production and Operations - The production of metallurgical alumina reached 4,250,000 tons, an increase of 6.78% compared to 3,980,000 tons in the same period last year[7] - The production of primary aluminum (including alloys) was 1,780,000 tons, a 16.34% increase from 1,530,000 tons year-on-year[7] - The company reported a decrease in the sales volume of self-produced metallurgical alumina, which was 1,500,000 tons, down 9.09% from 1,650,000 tons last year[7] Research and Development - Research and development expenses for Q1 2024 were CNY 574,176, an increase of 24.8% compared to CNY 459,852 in Q1 2023[19] - The company reported a decrease in R&D expenses to RMB 103,125 thousand in Q1 2024 from RMB 155,324 thousand in Q1 2023, a reduction of 33.6%[33] Equity and Liabilities - Total liabilities decreased to CNY 110,252,285 as of March 31, 2024, from CNY 112,866,670 as of December 31, 2023[17] - Shareholders' equity increased to CNY 103,364,447 as of March 31, 2024, compared to CNY 98,889,139 as of December 31, 2023[18] - Current liabilities decreased to CNY 53,294,771 as of March 31, 2024, from CNY 58,705,772 as of December 31, 2023[17] - The company’s total liabilities and equity as of March 31, 2024, were RMB 124,909,129 thousand, down from RMB 127,785,183 thousand as of December 31, 2023[31] Earnings Per Share - Basic earnings per share for Q1 2024 were CNY 0.130, up from CNY 0.105 in Q1 2023[21]
中国铝业(02600) - 2024 Q1 - 季度业绩