中国船舶(600150) - 2024 Q1 - 季度财报

Financial Performance - Revenue for the first quarter of 2024 reached RMB 15.27 billion, a year-on-year increase of 68.84%[4] - Net profit attributable to shareholders of the listed company was RMB 401.05 million, a year-on-year increase of 821.12%[4] - Basic earnings per share (EPS) were RMB 0.09, an increase of 800% compared to the same period last year[4] - Total revenue for Q1 2024 reached RMB 15.27 billion, a significant increase from RMB 9.04 billion in Q1 2023[17] - Net profit attributable to parent company shareholders in Q1 2024 was RMB 401.05 million, compared to RMB 43.54 million in Q1 2023[18] - Operating profit surged to RMB 423.97 million in Q1 2024, a substantial increase from RMB 52.65 million in Q1 2023[18] - Comprehensive income for the first quarter of 2024 totaled RMB 192,932,431.49, with RMB 188,912,008.12 attributable to the parent company[19] - Basic and diluted earnings per share for the first quarter of 2024 were both RMB 0.090[19] Revenue and Profit Drivers - The increase in revenue was primarily driven by higher ship delivery volumes and average ship prices[8] - The significant rise in net profit was due to increased gross profit from higher revenue and improved cost control measures[8] Assets and Liabilities - Total assets at the end of the reporting period were RMB 176.97 billion, a slight decrease of 0.48% compared to the end of the previous year[5] - Total assets as of March 31, 2024, amounted to RMB 176.97 billion, a slight decrease from RMB 177.83 billion at the end of 2023[14] - Equity attributable to shareholders of the listed company increased by 0.39% to RMB 48.54 billion[5] - Total liabilities decreased slightly to RMB 124.31 billion in Q1 2024 from RMB 125.36 billion in the previous period[15] - Total equity increased to RMB 52.67 billion in Q1 2024, up from RMB 52.47 billion in the previous period[16] Cash Flow - Cash and cash equivalents decreased to RMB 61.34 billion from RMB 67.96 billion at the end of 2023[14] - Cash received from sales of goods and services in the first quarter of 2024 was RMB 19,812,424,648.55, a significant increase from RMB 11,174,450,496.62 in the same period last year[20] - Tax refunds received in the first quarter of 2024 amounted to RMB 1,448,536,407.57, doubling from RMB 720,407,169.53 in the previous year[20] - Net cash outflow from operating activities in the first quarter of 2024 was RMB -3,098,500,635.28, slightly higher than the RMB -3,003,525,751.54 in the same period last year[21] - Net cash outflow from investing activities in the first quarter of 2024 was RMB -3,182,738,677.04, a significant reversal from the net inflow of RMB 1,025,536,511.12 in the previous year[21] - Cash received from borrowings in the first quarter of 2024 was RMB 2,523,300,000.00, a sharp decrease from RMB 9,200,000,000.00 in the same period last year[21] - Net cash outflow from financing activities in the first quarter of 2024 was RMB -3,494,028,609.59, compared to a net inflow of RMB 1,819,848,043.01 in the previous year[22] - The net decrease in cash and cash equivalents for the first quarter of 2024 was RMB -9,639,278,502.01, significantly higher than the RMB -245,498,053.34 in the same period last year[22] - The ending balance of cash and cash equivalents as of the first quarter of 2024 was RMB 19,839,732,741.85, down from RMB 24,485,932,269.01 in the previous year[22] Shareholder Information - The company's largest shareholder, China State Shipbuilding Corporation Limited, holds 44.47% of the shares[9] - The Industrial and Commercial Bank of China - SSE 50 ETF held 37.3 million shares, representing 0.83% of the total shares[10] - China Shipbuilding Industry Corporation held 1.99 billion shares, representing the largest shareholder position[10] Non-Recurring Items and Financial Metrics - Non-recurring gains and losses amounted to RMB 62.68 million, including government subsidies of RMB 87.62 million[6] - The weighted average return on equity (ROE) increased by 0.73 percentage points to 0.83%[4] - Financial expenses showed a net gain of RMB 423.08 million in Q1 2024, compared to a gain of RMB 223.56 million in Q1 2023[18] - Other comprehensive income showed a loss of RMB 212.14 million in Q1 2024, compared to a gain of RMB 62.90 million in Q1 2023[18] Balance Sheet Details - Accounts receivable decreased to RMB 2.24 billion from RMB 3.13 billion at the end of 2023[14] - Prepayments increased to RMB 21.51 billion from RMB 16.42 billion at the end of 2023[14] - Inventory increased slightly to RMB 36.56 billion from RMB 36.29 billion at the end of 2023[14] - Long-term equity investments remained stable at RMB 15.24 billion[14] - Fixed assets decreased slightly to RMB 20.27 billion from RMB 20.33 billion at the end of 2023[14] - Short-term borrowings decreased significantly to RMB 2.79 billion from RMB 5.58 billion at the end of 2023[14] - Long-term borrowings increased to RMB 15.31 billion in Q1 2024, up from RMB 13.37 billion in the previous period[15] R&D and Contract Liabilities - R&D expenses increased to RMB 559.55 million in Q1 2024, up from RMB 408.67 million in Q1 2023[17] - Contract liabilities rose to RMB 67.20 billion in Q1 2024, compared to RMB 62.54 billion in the previous period[15]