华峰铝业(601702) - 2024 Q1 - 季度财报

Revenue and Profit Growth - Revenue for Q1 2024 reached 2,361,992,656.67 RMB, an increase of 18.28% year-over-year[7] - Net profit attributable to shareholders was 253,595,897.52 RMB, up 49.54% compared to the same period last year[7] - Total operating revenue for Q1 2024 reached 2,361,992,656.67 RMB, an increase of 18.3% compared to 1,997,013,563.87 RMB in Q1 2023[35] - Net profit attributable to parent company shareholders in Q1 2024 was 253,595,897.52 RMB, up 49.6% from 169,580,601.82 RMB in Q1 2023[38] - Revenue for Q1 2024 increased to 2,082,305,706.86 RMB, up 28.1% compared to 1,626,419,082.03 RMB in Q1 2023[56] - Net profit for Q1 2024 rose to 130,098,316.87 RMB, a 41.2% increase from 92,112,904.25 RMB in Q1 2023[58] - Sales revenue from goods and services in Q1 2024 reached 2,015,859,952.12 RMB, up 31.1% from 1,538,199,219.01 RMB in Q1 2023[60] Earnings Per Share - Basic and diluted earnings per share were 0.25 RMB, a 47.06% increase year-over-year[7] - Basic earnings per share increased to 0.25 yuan per share from 0.17 yuan per share in the previous period[45] - Diluted earnings per share increased to 0.25 yuan per share from 0.17 yuan per share in the previous period[45] Cash Flow and Liquidity - Operating cash flow decreased by 32.23% to 254,789,312.12 RMB due to increased inventory preparation[11] - Cash and cash equivalents at the end of Q1 2024 were 554,134,609.49 RMB, a 66.7% increase from 330,515,568.06 RMB at the start of the period[42] - Cash flow from financing activities showed a net outflow of 52,276,198.15 RMB in Q1 2024, compared to 5,974,568.29 RMB in Q1 2023[42] - Cash received from sales of goods and services rose to 2,529,735,426.88 yuan from 2,091,045,441.12 yuan[45] - Net cash flow from operating activities decreased to 254,789,312.12 yuan from 375,951,693.14 yuan[45] - Cash and cash equivalents rose to 363,046,377.84 yuan from 239,392,171.22 yuan[49] - Operating cash flow for Q1 2024 improved significantly to 61,039,408.74 RMB, compared to a negative cash flow of -26,631,065.82 RMB in Q1 2023[63] - Cash and cash equivalents at the end of Q1 2024 stood at 353,049,184.16 RMB, compared to 397,268,149.92 RMB at the end of Q1 2023[63] - Cash outflow for purchasing goods and services in Q1 2024 was 1,832,195,929.53 RMB, a 25.2% increase from 1,463,439,014.00 RMB in Q1 2023[60] Assets and Liabilities - Total assets grew by 2.98% to 7,397,169,420.92 RMB compared to the end of the previous year[13] - Shareholders' equity increased by 5.59% to 4,777,513,862.36 RMB[13] - The company's monetary funds increased to 568,510,607.47 RMB as of March 31, 2024, up from 424,169,067.24 RMB at the end of 2023[25] - Accounts receivable decreased to 1,454,103,588.05 RMB from 1,563,852,145.91 RMB compared to the previous year-end[25] - The total assets of the company reached 7,397,169,420.92 RMB, showing growth from 7,183,130,857.47 RMB at the end of 2023[29] - Short-term borrowings decreased to 1,139,708,047.95 RMB from 1,179,649,611.13 RMB[29] - The company's total liabilities decreased to 2,619,635,045.23 RMB from 2,658,625,200.99 RMB[32] - The company's total equity increased to 4,777,534,375.69 RMB from 4,524,505,656.48 RMB[32] - The company's inventory decreased slightly to 2,071,439,659.68 RMB from 2,112,747,684.04 RMB[25] - Prepayments decreased significantly to 41,625,122.83 RMB from 101,692,847.53 RMB[25] - The company's fixed assets decreased to 1,488,281,368.03 RMB from 1,528,771,631.33 RMB[29] - The company's construction in progress increased to 92,760,463.24 RMB from 63,632,290.77 RMB[29] - Total liabilities and shareholders' equity stood at 7,397,169,420.92 RMB as of Q1 2024, up 3% from 7,183,130,857.47 RMB in the previous period[34] - Total assets increased to 1,064,697,219.48 RMB in Q1 2024, up slightly from 1,064,590,751.21 RMB in the previous period[44] - Total assets increased to 5,694,021,819.84 yuan from 5,604,873,777.39 yuan[52] - Total liabilities decreased to 2,110,525,661.91 yuan from 2,152,855,205.77 yuan[52] - Owner's equity increased to 3,583,496,157.93 yuan from 3,452,018,571.62 yuan[54] - Accounts receivable slightly increased to 1,610,328,432.36 yuan from 1,608,752,238.75 yuan[49] - Inventory increased to 961,322,148.01 yuan from 910,390,229.21 yuan[49] R&D and Other Expenses - R&D expenses increased to 58,425,754.38 RMB in Q1 2024, a 16.8% rise from 50,008,316.17 RMB in Q1 2023[35] - R&D expenses in Q1 2024 increased to 34,970,212.59 RMB, a 16.1% rise compared to 30,124,372.65 RMB in Q1 2023[56] - Interest expenses decreased to 12,976,699.02 RMB in Q1 2024, down 18.1% from 15,851,432.68 RMB in Q1 2023[56] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,850[15] - The largest shareholder, Huafeng Group Co., Ltd., holds 55.14% of the company's shares[18] Non-Recurring Items and Other Income - Non-recurring gains and losses amounted to 4,050,161.89 RMB, primarily from government subsidies[10] - Other income surged to 42,916,292.55 RMB in Q1 2024, a 733.5% increase from 5,149,950.96 RMB in Q1 2023[35] - Tax refunds received in Q1 2024 surged to 64,592,167.46 RMB, a 134.6% increase from 27,531,253.34 RMB in Q1 2023[60] Comprehensive Income - Total comprehensive income for Q1 2024 was 253,540,827.79 RMB, up 49.5% from 169,593,294.60 RMB in Q1 2023[38] - Total comprehensive income for Q1 2024 was 130,098,316.87 RMB, up 41.2% from 92,112,904.25 RMB in Q1 2023[58] Operating Profit - Operating profit for Q1 2024 was 295,285,742.63 RMB, a 49.4% increase from 197,696,114.32 RMB in Q1 2023[38] Return on Equity - The company's weighted average return on equity (ROE) increased by 1.01 percentage points to 5.45%[13]