Financial Performance - In Q1 2024, Haier Smart Home achieved revenue of RMB 68.98 billion, a 6.01% increase compared to RMB 65.07 billion in the same period last year[5] - The net profit attributable to shareholders reached RMB 4.77 billion, reflecting a 20.16% growth from RMB 3.97 billion year-on-year[5] - The net profit after deducting non-recurring gains and losses was RMB 4.64 billion, up 25.41% from RMB 3.70 billion in the previous year[5] - Total operating revenue for Q1 2024 reached ¥68,977,513,890.10, an increase of 5.9% compared to ¥65,067,820,534.08 in Q1 2023[27] - Operating profit for Q1 2024 was ¥5,785,602,389.21, compared to ¥4,832,011,147.02 in Q1 2023, indicating a growth of 19.7%[27] - Net profit for Q1 2024 was CNY 4.85 billion, compared to CNY 4.03 billion in Q1 2023, reflecting a year-over-year increase of about 20.5%[28] - Basic earnings per share for Q1 2024 were CNY 0.52, up from CNY 0.43 in Q1 2023, indicating a growth of 20.9%[28] Cash Flow and Investments - Operating cash flow net amount was RMB 1.72 billion, an increase of 27.31% compared to RMB 1.35 billion in the same period last year[3] - The net cash flow from operating activities in Q1 2024 was RMB 1.725 billion, an increase of RMB 370 million compared to Q1 2023, driven by higher operating profits and improved efficiency[14] - The net cash outflow from investing activities in Q1 2024 was RMB 2.212 billion, an increase of RMB 756 million year-over-year, primarily due to higher cash payments for long-term deposits and fixed asset acquisitions[14] - The cash outflow from investing activities for Q1 2024 was CNY 2.21 billion, compared to CNY 1.46 billion in Q1 2023, indicating an increase in investment expenditures[30] - The company reported a significant investment income of RMB 385.53 million from joint ventures in Q1 2024, compared to RMB 92.76 million in the same period last year[34] Market Performance - Revenue growth in the Chinese market was 8.1%, with significant contributions from the refrigeration, washing, and aquatic industries[6] - Overseas revenue grew by 4%, with operating profit increasing by double digits despite challenges in the European and American markets[8] - Haier's market share in Europe increased by 0.9 percentage points to 9.0% in the first two months of 2024, driven by product innovation and brand rejuvenation[8] Expenses and Ratios - In Q1 2024, the sales expense ratio was 13.1%, optimized by 0.5 percentage points compared to Q1 2023, due to digital transformation improvements in marketing resource allocation and logistics efficiency[10] - The management expense ratio in Q1 2024 was 3.2%, optimized by 0.3 percentage points year-over-year, attributed to the application of digital tools and enhanced organizational efficiency[10] - The R&D expense ratio increased to 4.3% in Q1 2024, up by 0.1 percentage points from Q1 2023, reflecting the company's focus on core technologies in the smart home sector[11] - Research and development expenses in Q1 2024 amounted to ¥2,942,378,189.55, compared to ¥2,739,021,316.21 in Q1 2023, representing an increase of 7.4%[27] Assets and Liabilities - The asset-liability ratio at the end of Q1 2024 was 57.3%, a decrease of 0.9 percentage points from the end of 2023, mainly due to profit growth[16] - The company's total assets increased to RMB 103.98 billion as of March 31, 2024, up from RMB 96.43 billion at the end of 2023, representing a growth of approximately 7.9%[32] - Total liabilities rose to ¥147,846,712,310.78, compared to ¥147,468,116,628.46, reflecting a year-over-year increase of 0.3%[26] - The company's total current assets reached RMB 41.54 billion, an increase of 20.6% from RMB 34.39 billion in the previous year[32] Shareholder Information - The total comprehensive income attributable to the parent company for Q1 2024 was CNY 4.16 billion, up from CNY 3.26 billion in Q1 2023, a growth of about 27.5%[28] - The total equity attributable to shareholders was RMB 45.91 billion, slightly up from RMB 45.88 billion, indicating a stable equity position[33] - As of the end of the reporting period, the company has repurchased a total of 83,349,394 shares at a maximum price of RMB 24.96 per share and a minimum price of RMB 20.15 per share, totaling RMB 1.88 billion[22]
海尔智家(06690) - 2024 Q1 - 季度业绩