Revenue and Profitability - Revenue for Q1 2024 reached RMB 6,979,133,987.80, an increase of 25.42% compared to RMB 5,564,585,932.57 in Q1 2023[5] - Net profit attributable to shareholders decreased by 73.06% to RMB 332,623,657.47 from RMB 1,234,730,532.58 in the same period last year[5] - Basic and diluted earnings per share fell by 74.62% to RMB 0.0726 from RMB 0.2860 in Q1 2023[5] - The company reported a net loss from fair value changes of RMB 95,466,726.73, an increase of 146.00% compared to the previous year[8] - The company reported a significant decline in investment income, which was RMB 197,065,682.05 compared to RMB 1,822,404,094.31 in the previous year[22] - Total comprehensive income for the three months was RMB 363,632,033.42, a decrease of 72.0% from RMB 1,295,790,216.96 in the prior year[24] Cash Flow and Financial Activities - Net cash flow from operating activities improved by 19.67%, amounting to RMB -6,054,115,012.94 compared to RMB -7,537,014,044.94 in the previous year[5] - The net cash outflow from investing activities for the current period is RMB 286,416,633.54, an increase of 114.64% year-on-year[9] - The net cash inflow from financing activities for the current period is RMB 3,354,818,641.01, an increase of 432.22% year-on-year[9] - Operating cash inflow for the three months ended March 31, 2024, was CNY 10,581,051,956.28, a decrease of 1.57% compared to CNY 10,750,150,616.98 for the same period in 2023[25] - Cash inflow from financing activities was CNY 6,629,590,081.23, compared to CNY 1,828,436,959.20 in the previous year, leading to a net cash inflow of CNY 3,354,818,641.01[26] Assets and Liabilities - Total assets as of March 31, 2024, were RMB 142,032,144,785.42, a decrease of 1.02% from RMB 143,494,599,671.63 at the end of the previous year[5] - Total liabilities decreased from 103,265.69 million to 101,464.45 million, a reduction of approximately 1.74%[20] - The company's total equity attributable to shareholders increased by 0.75% to RMB 37,893,519,160.08 from RMB 37,609,898,971.17 at the end of the previous year[5] - Cash and cash equivalents decreased from 14,245.18 million to 10,857.39 million, a decline of approximately 23.5%[19] - Accounts receivable decreased from 25,548.00 million to 25,108.50 million, a reduction of about 1.73%[19] - Inventory increased from 15,257.24 million to 17,462.56 million, reflecting a growth of approximately 14.5%[19] Operational Performance - The company sold a total capacity of 1,436.34 MW in the first quarter of 2024, with 51.99% of sales coming from units between 4MW and 6MW[16] - The total external orders awaiting execution as of March 31, 2024, amounted to 24,356.04 MW, with a year-on-year increase of 13.76%[17] - The company has a total of 32,359.48 MW in hand external orders, including 5,479.77 MW from overseas[17] - The company reported a total of 1,294.85 MW in internal orders[17] Research and Development - Research and development expenses increased slightly to RMB 368,358,225.65 from RMB 365,948,605.40, indicating a focus on innovation[22] Other Financial Metrics - The income tax expense for the current period is RMB 135,553,250.06, a decrease of 77.99% year-on-year, attributed to a reduction in taxable income[9] - The loss from asset disposal for the current period is RMB 4,422,673.91, an increase of 68.79% year-on-year, primarily due to increased losses from non-current asset disposals[9] - The company aims to enhance market expansion and product development strategies in the upcoming quarters[22] - The first quarter report for 2024 was unaudited, indicating a preliminary assessment of financial performance[27]
金风科技(02208) - 2024 Q1 - 季度业绩