2024-04-29 10:37Financial Performance - The company's operating revenue for Q1 2024 was ¥56,380,162,567.06, representing a 5.51% increase compared to ¥53,434,143,416.55 in the same period last year[2]. - Net profit attributable to shareholders for Q1 2024 was ¥2,599,658,963.24, a significant increase of 40.07% from ¥1,855,931,279.89 in the previous year[2]. - Basic earnings per share for Q1 2024 were ¥0.30, up 40.08% from ¥0.21 in the same period last year[2]. - The company reported a 59.72% increase in operating profit to ¥411,096.12 million, driven by higher sales and improved operational performance[5]. - Total profit for Q1 2024 amounted to ¥4,176,776,801.08, compared to ¥2,650,647,054.58 in the previous year, showing a growth of approximately 57.5%[12]. - The net profit for Q1 2024 was CNY 3,344,691,407.26, an increase of 48.9% compared to CNY 2,245,350,991.97 in Q1 2023[13]. - Total comprehensive income for Q1 2024 reached CNY 3,930,539,604.26, a rise of 37.3% compared to CNY 2,860,983,279.48 in Q1 2023[13]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥1,611,808,374.28, marking a 441.76% improvement from a negative cash flow of ¥471,621,705.85 in the same period last year[2]. - Cash flow from operating activities generated CNY 50,532,315,739.26, compared to CNY 41,965,267,489.26 in the previous year, marking a 20.5% increase[14]. - Cash flow from investing activities resulted in a net inflow of CNY 81,862,651.49, a significant decrease from CNY 2,257,665,985.53 in Q1 2023[15]. - Cash flow from financing activities showed a net outflow of CNY 2,511,919,069.60, worsening from a net outflow of CNY 666,404,399.07 in the same quarter last year[16]. - The ending balance of cash and cash equivalents was CNY 70,696,683,312.81, down from CNY 63,897,268,240.11 at the end of Q1 2023[16]. Assets and Liabilities - Total assets at the end of Q1 2024 amounted to ¥338,750,398,423.19, reflecting a 1.35% increase from ¥334,247,213,024.91 at the end of the previous year[2]. - The company's total liabilities as of Q1 2024 were ¥222,067,633,138.41, slightly up from ¥221,561,478,139.45 in the previous year[10]. - The company's current assets reached RMB 202.79 billion, up from RMB 197.93 billion, indicating a growth of about 2.9%[9]. - Accounts receivable increased significantly to RMB 34.34 billion, compared to RMB 23.75 billion at the beginning of the period, representing a growth of around 44.7%[9]. - The company's inventory stood at RMB 38.79 billion, slightly up from RMB 37.93 billion, showing an increase of about 2.3%[9]. - Long-term equity investments decreased to RMB 5.10 billion from RMB 5.17 billion, a decline of approximately 1.4%[9]. Expenses and Investments - Total operating costs for Q1 2024 were ¥52,223,835,773.98, compared to ¥50,614,113,996.69 in Q1 2023, indicating an increase of about 3.2%[12]. - Research and development expenses rose to ¥2,090,573,316.28 in Q1 2024, up from ¥1,832,844,518.38 in Q1 2023, reflecting a growth of approximately 14.1%[12]. - Tax expenses for Q1 2024 were ¥229,267,010.41, up from ¥126,335,321.79 in Q1 2023, representing an increase of about 81.7%[12]. - The company reported a tax expense of CNY 832,085,393.82 for the quarter, compared to CNY 405,296,062.61 in the previous year[13]. Other Financial Metrics - Non-recurring gains and losses totaled ¥255,280,161.60 for the current period, with significant contributions from government subsidies and asset disposals[3]. - Other income surged by 403.26% to ¥26,294.82 million, mainly due to increased government subsidies and VAT reductions[5]. - The company reported a net interest income of ¥835,438,773.33 for Q1 2024, compared to ¥406,553,210.02 in Q1 2023, indicating a significant increase of approximately 105.5%[12]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[9]. Audit and Compliance - The company did not undergo an audit for the Q1 2024 report[17].