航发动力(600893) - 2024 Q1 - 季度财报

Financial Performance - The company's net profit attributable to shareholders reached ¥154,854,528.80, representing a 76.03% increase compared to the same period last year[3]. - Basic and diluted earnings per share both increased by 100% to ¥0.06[1]. - Net profit for Q1 2024 reached CNY 185,796,641.69, up 72.67% from CNY 107,498,966.05 in Q1 2023[21]. - Earnings per share for Q1 2024 were CNY 0.06, compared to CNY 0.03 in Q1 2023[21]. - The company reported a total comprehensive income of CNY 184,521,526.74 for Q1 2024, compared to CNY 123,418,459.56 in Q1 2023[21]. - The company reported a total comprehensive income of ¥54,422,775.93 for Q1 2024, which is an increase from ¥6,714,018.41 in Q1 2023[32]. Assets and Liabilities - Total assets at the end of the reporting period were ¥101,295,664,727.83, reflecting a 1.50% increase from the previous year[1]. - The total assets of the company as of March 31, 2024, were ¥101,295,664,727.83, compared to ¥99,795,552,106.78 as of December 31, 2023, representing an increase of about 1.51%[14]. - The company's total current assets amounted to ¥70,220,041,057.01, an increase from ¥68,943,739,435.44 as of December 31, 2023, reflecting a growth of approximately 1.85%[9]. - Total liabilities decreased to ¥70,220,041,057.01 from ¥68,943,739,435.44, reflecting a reduction of about 1.85%[9]. - Total liabilities as of Q1 2024 amounted to CNY 56,928,810,969.29, an increase from CNY 55,939,898,647.12 in Q1 2023[21]. - The total liabilities decreased to 13,783,825,442.07 RMB from 13,888,566,863.57 RMB, reflecting a reduction of about 0.8%[28]. Cash Flow - The net cash flow from operating activities was negative at ¥-3,009,892,150.92, a decrease of 392.33% year-on-year[5]. - In Q1 2024, the company's operating cash flow was negative at -3,009,892,150.92 RMB, compared to a positive cash flow of 1,029,604,984.50 RMB in Q1 2023, indicating a significant decline in operational performance[22]. - Total cash inflow from operating activities was 6,764,319,733.42 RMB, down from 10,687,051,964.55 RMB in the same period last year, reflecting a decrease of approximately 36.5%[22]. - The company's cash and cash equivalents decreased to ¥3,287,160,400.88 from ¥8,382,080,501.83, representing a decline of about 60.8%[9]. - The company's cash and cash equivalents at the end of Q1 2024 were ¥211,445,769.38, down from ¥1,256,179,851.53 at the end of Q1 2023[34]. Inventory and Receivables - The company's inventory increased by 22.40%, attributed to a rise in orders and product input[4]. - Inventory rose significantly to ¥36,306,687,818.59 from ¥29,662,902,307.41, indicating an increase of around 22.4%[9]. - Accounts receivable increased to ¥22,121,556,523.26 from ¥20,939,404,653.05, showing a growth of approximately 5.65%[9]. - Accounts receivable increased to 7,632,548,986.26 RMB in Q1 2024, up from 5,240,844,235.21 RMB in Q4 2023, indicating a rise of approximately 45.5%[24]. Operating Revenue and Costs - Total operating revenue for Q1 2024 was CNY 6,272,295,886.18, an increase of 1.98% compared to CNY 6,150,433,326.47 in Q1 2023[16]. - Total operating costs for Q1 2024 were CNY 6,176,487,331.86, a decrease of 0.57% from CNY 6,211,957,749.02 in Q1 2023[17]. - Operating revenue for Q1 2024 reached ¥3,584,153,486.36, a significant increase of 96.1% compared to ¥1,829,917,384.46 in Q1 2023[31]. Investment and Expenses - The company reported a significant increase in other income by 189.67%, mainly due to the implementation of VAT deduction policies[4]. - Investment income for Q1 2024 was CNY 38,597,564.55, a significant decrease from CNY 259,570,924.91 in Q1 2023[19]. - Research and development expenses for Q1 2024 totaled CNY 45,129,453.71, down from CNY 68,113,252.39 in Q1 2023[20]. - Research and development expenses for Q1 2024 were ¥17,853,967.40, reflecting the company's commitment to innovation[31]. - The company's financial expenses included interest expenses of ¥7,850,524.18 for Q1 2024, compared to ¥6,874,151.78 in Q1 2023[31].