Huada(603358)2024-04-29 10:19Financial Performance - The net profit attributable to shareholders of the listed company was CNY 160,127,886.45, an increase of 33.43% year-on-year [19]. - The operating revenue for the first quarter was CNY 1,382,344,288.26, reflecting a growth of 29.07% compared to the same period last year [19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 143,155,712.27, up 52.81% year-on-year [19]. - The basic earnings per share were CNY 0.36, representing a 33.33% increase compared to the previous year [19]. - The weighted average return on net assets was 4.66%, an increase of 0.93 percentage points [19]. - The total comprehensive income attributable to the parent company reached ¥160,127,886.45, an increase of 33.4% compared to ¥120,006,096.29 in the previous year [32]. - Basic and diluted earnings per share were both ¥0.36, up from ¥0.27, reflecting a 33.3% increase [32]. - The net profit for Q1 2024 reached CNY 143,716,630.91, representing a 64.4% increase from CNY 87,513,907.40 in Q1 2023 [40]. - The operating profit for Q1 2024 was CNY 156,720,374.43, up 60.6% from CNY 97,532,883.87 in Q1 2023 [40]. - The company’s operating profit rose to CNY 188,856,003.30, up from CNY 150,047,614.00, reflecting a growth of 25.9% [51]. - The total comprehensive income amounted to 143,716,630.91, compared to 87,513,907.40 in the previous period, reflecting a significant increase [61]. - Basic and diluted earnings per share both increased to 0.33 from 0.20, indicating improved profitability [61]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,751,195,363.54, a decrease of 0.07% compared to the end of the previous year [4]. - The total liabilities amounted to CNY 2,835,614,617.25, down from CNY 3,007,827,174.06 at the end of the previous year [14]. - Total current assets decreased from CNY 4,129,399,041.95 to CNY 3,687,070,997.11, a decline of approximately 10.67% [27]. - Current liabilities decreased to ¥2,435,601,932.96 from ¥2,622,064,593.81, a reduction of approximately 7.1% [32]. - Non-current assets increased to ¥3,064,124,366.43 from ¥2,626,697,557.81, representing a growth of about 16.6% [32]. - The total assets decreased to CNY 4,356,397,416.35 from CNY 4,405,931,328.80, reflecting a decline of 1.1% [56]. - The total liabilities decreased to CNY 1,347,273,730.30 from CNY 1,540,524,273.66, indicating a reduction of 12.5% [57]. - The equity attributable to shareholders increased to CNY 3,009,123,686.05 from CNY 2,865,407,055.14, marking an increase of 5% [57]. Cash Flow - The cash flow from operating activities was CNY 161,818,810.28, showing a growth of 5.33% year-on-year [19]. - Cash flow from operating activities for Q1 2024 was CNY 156,265,222.84, down 23.2% from CNY 203,555,220.94 in Q1 2023 [43]. - The cash outflow from investing activities in Q1 2024 was CNY 419,897,884.00, significantly higher than CNY 3,620,398.45 in Q1 2023 [43]. - The net cash flow from financing activities showed a significant outflow, with a net cash flow of -263,482,661.16 compared to an inflow of 200,395,858.81 in the previous period [66]. - The ending balance of cash and cash equivalents decreased to 692,643,930.88 from 1,077,320,153.65, indicating a reduction in liquidity [66]. - Cash and cash equivalents decreased from CNY 1,287,871,656.65 to CNY 1,056,698,516.97, a reduction of about 17.91% [27]. - Cash and cash equivalents at the end of the period were ¥930,927,258.63, down from ¥1,260,818,930.80, a decrease of 26.1% [35]. Investments and Expenses - The company reported non-recurring gains of CNY 16,972,174.18 during the period [5]. - Long-term equity investments increased significantly from CNY 236,975,735.01 to CNY 641,501,591.36, an increase of approximately 170.73% [27]. - Research and development expenses decreased to CNY 23,758,542.57 in Q1 2024 from CNY 27,465,180.45 in Q1 2023, a reduction of 13.1% [40]. - The company reported a financial expense of CNY 689,270.80 in Q1 2024, compared to a financial income of CNY 1,982,512.17 in Q1 2023 [50]. - The tax expense for Q1 2024 was CNY 21,049,433.46, an increase from CNY 9,928,266.14 in Q1 2023 [40]. - The company reported an increase in employee compensation payments to CNY 117,177,781.41 from CNY 88,841,472.71, an increase of 32% [53]. Market Strategy - Operating revenue increased by 29.07% due to the growth in new energy product sales [23]. - Net profit attributable to shareholders rose by 33.43%, driven by the increase in operating revenue [23]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [52].