Financial Performance - Operating revenue for Q1 2024 reached RMB 30,578,301 thousand, an increase of 4.93% compared to RMB 29,142,882 thousand in Q1 2023[5] - Net profit attributable to ordinary shareholders was RMB 2,740,979 thousand, up 3.74% from RMB 2,642,269 thousand in the same period last year[5] - The net profit attributable to ordinary shareholders after deducting non-recurring gains and losses was RMB 2,649,236 thousand, reflecting a 7.93% increase from RMB 2,454,518 thousand in Q1 2023[5] - Basic earnings per share for Q1 2024 was RMB 0.57, slightly up from RMB 0.56 in Q1 2023[21] - The company reported a significant reduction in operating costs, which decreased to RMB 17,728,784 thousand in Q1 2024 from RMB 27,670,016 thousand in Q1 2023[21] Cash Flow - The cash flow from operating activities was RMB 2,982,601 thousand, representing a 28.25% increase from RMB 2,325,584 thousand in the previous year[4] - In Q1 2024, the net cash flow from operating activities was RMB 2,982.6 million, a decrease of 29.3% compared to RMB 4,219.1 million in Q1 2023[22] - Total cash inflow from operating activities was RMB 36,175.3 million, while cash outflow was RMB 33,192.7 million, resulting in a net cash inflow of RMB 2,982.6 million[22] - Cash flow from investment activities showed a net outflow of RMB 15,060.9 million, compared to RMB 12,148.2 million in the same period last year, indicating increased investment expenditures[22] - Cash inflow from financing activities was RMB 88,967.8 million, with a net cash inflow of RMB 5,958.7 million, reflecting strong borrowing activity[22] Assets and Liabilities - Total assets as of March 31, 2024, amounted to RMB 208,466,634 thousand, a 3.74% increase from RMB 200,958,318 thousand at the end of 2023[5] - The total liabilities as of March 31, 2024, amounted to RMB 137,217,281 thousand, an increase from RMB 128,983,119 thousand at the end of 2023[20] - The company's total equity rose to RMB 71,249,353 thousand as of March 31, 2024, compared to RMB 61,895,721 thousand at the end of 2023[20] - The total liabilities to equity ratio as of March 31, 2024, was approximately 192.5%, indicating a high leverage position[20] Shareholder Information - As of March 31, 2024, the total number of shareholders is 482,843, with 482,539 holding A shares and 304 holding H shares[16] - The top 10 shareholders hold a total of 20.09% of the shares, with ZTE Corporation being the largest shareholder at 95,894,400 A shares[16] - The top 10 shareholders have no related party relationships or concerted actions among them[16] Research and Development - The company has ongoing research and development efforts, with intangible assets valued at RMB 7,758,763,000 as of March 31, 2024[18] - Research and development expenses increased significantly to RMB 6,375,823 thousand in Q1 2024, compared to RMB 1,778,519 thousand in Q1 2023, reflecting a focus on innovation[21] Non-Recurring Items and Other Income - Non-recurring gains totaled RMB 91,743 thousand after tax, with significant contributions from various non-operating income sources[4] - The company reported a significant decrease in financial expenses, down 64.86% to RMB (63,793) thousand, primarily due to reduced foreign exchange losses[13] - Investment income saw a drastic decline of 568.61%, resulting in a loss of RMB (131,304) thousand, attributed to the disposal of equity assets by subsidiaries[13] - Other comprehensive income after tax for Q1 2024 was RMB (51,244) thousand, compared to RMB (17,699) thousand in Q1 2023[21] Inventory and Receivables - The company has a total of 41,681,016 in inventory as of March 31, 2024, showing a slight increase from 41,131,259 as of December 31, 2023[18] - The company reported a total of 19,819,165 in accounts receivable, which is a decrease from 20,821,526 as of the end of 2023[18] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[21]
中兴通讯(00763) - 2024 Q1 - 季度业绩