Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,806,869,058.01, representing a year-on-year increase of 47.82%[2] - The net profit attributable to shareholders of the listed company was CNY 15,373,901.72, with a significant increase in production efficiency and gross profit margin[8] - The total comprehensive income increased by 47.23% to ¥3,839,120,991.25 from ¥2,607,526,251.42, driven by the appreciation of held stocks[16] - The net profit for Q1 2024 was CNY 24.68 million, a substantial recovery from a net loss of CNY 52.15 million in Q1 2023[28] - The total profit for Q1 2024 was CNY 26.98 million, recovering from a total loss of CNY 62.14 million in Q1 2023[28] Cash Flow - The net cash flow from operating activities was negative CNY 3,403,181,373.38, a decrease of 1,669.88% compared to the previous year, primarily due to uneven cash collection and increased procurement expenses[8] - The cash flow from operating activities generated CNY 216.78 million in Q1 2024, down from CNY 2.88 billion in Q1 2023, indicating a decrease of 92.5%[31] - The cash flow from investing activities was 16.07 million RMB, a significant improvement from -2.97 billion RMB in the previous year, suggesting better investment management[20] - The cash flow from financing activities showed a net outflow of 157.37 million RMB, a decrease from -1.19 billion RMB year-over-year, reflecting reduced loan repayments[20] - The net increase in cash and cash equivalents for Q1 2024 was -3,528,497,247.45, compared to -3,949,739,553.40 in Q1 2023[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 50,839,797,543.37, a slight decrease of 0.04% from the end of the previous year[3] - The company's total liabilities decreased to 29.91 billion RMB as of March 31, 2024, from 31.26 billion RMB at the end of 2023, indicating improved financial stability[24] - The company's total assets decreased by 31.44% in trading financial assets, dropping to ¥6,258,055.06 from ¥9,127,869.19, due to the expiration of certain financial derivatives[15] - The company's contract liabilities decreased slightly to 15.14 billion RMB as of March 31, 2024, from 15.37 billion RMB at the end of 2023, indicating a potential reduction in future obligations[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 67,317[9] - The top shareholder, HKSCC NOMINEES LIMITED, held 41.70% of the shares, while China Shipbuilding Industry Group held 34.05%[10] - The equity attributable to shareholders of the listed company increased by 7.60% to CNY 17,664,653,265.10 compared to the end of the previous year[3] - The total equity attributable to shareholders increased to 17.66 billion RMB as of March 31, 2024, compared to 16.42 billion RMB at the end of 2023, showing growth in shareholder value[25] Expenses and Investments - The cost of goods sold increased by 41.42% to ¥2,550,008,968.22 from ¥1,803,181,205.07, reflecting the rise in operating revenue[17] - Research and development expenses surged by 125.18% to ¥136,983,220.26 from ¥60,831,504.73, indicating increased investment in R&D projects[18] - The net profit margin is impacted by a significant increase in sales expenses, which rose by 255.71% to ¥26,503,377.37 from ¥7,450,936.39[17] - Long-term equity investments remained stable at approximately 5.21 billion RMB, showing consistency in the company's investment strategy[22] Other Financial Metrics - The basic and diluted earnings per share were both CNY 0.0109, with no applicable year-on-year comparison[2] - The weighted average return on net assets increased by 0.27 percentage points to 0.09%[2] - The company received government subsidies amounting to CNY 4,937,672.94, which are closely related to its normal business operations[4] - The company's inventory increased to 6.29 billion RMB as of March 31, 2024, compared to 5.43 billion RMB at the end of 2023, indicating potential growth in production or sales[21] Board of Directors - The company’s board of directors consists of eleven members, including executive and independent directors, ensuring diverse oversight[37]
中船防务(00317) - 2024 Q1 - 季度业绩