MILKYWAY(SH:603713)2024-04-11 16:00Financial Performance - The company's operating revenue for Q1 2024 reached ¥2,895,861,673.63, representing a year-on-year increase of 23.26%[5] - The net profit attributable to shareholders was ¥151,063,838.17, marking a 40.62% increase compared to the same period last year[5] - The basic earnings per share (EPS) for the period was ¥0.9195, up by 40.70% year-on-year[6] - The diluted EPS was ¥0.8646, reflecting a 41.39% increase from the previous year[6] - The net profit for Q1 2024 was CNY 173,869,773.49, representing a 55.8% increase compared to CNY 111,563,837.12 in Q1 2023[23] - The total revenue from sales of goods and services reached CNY 2,625,552,643.94, up from CNY 2,065,283,230.40 in the same period last year, indicating a growth of approximately 27%[25] - The company reported a total comprehensive income of CNY 173,179,091.52 for Q1 2024, compared to CNY 110,548,848.38 in Q1 2023, marking a rise of 56.5%[24] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥121,544,848.09, a decline of 139.46% compared to the previous year[6][10] - Operating cash flow for Q1 2024 was negative at CNY -121,544,848.09, a significant decline from CNY 308,011,956.98 in Q1 2023[26] - The cash and cash equivalents at the end of Q1 2024 were CNY 1,206,479,578.31, a decrease from CNY 1,433,254,093.29 at the end of Q1 2023[27] - Investment activities resulted in a net cash outflow of CNY -58,595,467.48, an improvement from CNY -80,139,608.70 in the previous year[26] - Financing activities generated a net cash inflow of CNY 180,495,325.99, compared to CNY 5,535,603.38 in Q1 2023, indicating a substantial increase in financing activities[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,403,655,870.91, an increase of 2.52% from the end of the previous year[6] - Total assets as of March 31, 2024, were RMB 11,403,655,870.91, compared to RMB 11,123,533,821.00 at the end of the previous period, representing a growth of 2.5%[20] - Total liabilities increased to RMB 6,892,860,813.52 from RMB 6,757,423,143.86, reflecting a rise of 2.0%[20] - Long-term borrowings increased significantly to RMB 906,784,087.98 from RMB 617,111,855.43, marking a rise of 46.8%[19] Equity and Returns - Shareholders' equity attributable to the parent company was ¥4,142,659,702.69, up by 3.03% from the previous year-end[6] - The company's equity attributable to shareholders rose to RMB 4,142,659,702.69 from RMB 4,020,781,257.76, an increase of 3.0%[20] - The weighted average return on equity (ROE) was 3.70%, an increase of 0.90 percentage points[6] Costs and Expenditures - Total operating costs for Q1 2024 were RMB 2,700,785,464.38, up from RMB 2,229,890,825.31 in Q1 2023, reflecting a year-over-year increase of 21.1%[22] - The company reported a significant increase in procurement expenditures, impacting cash flow negatively[10] - The company incurred interest expenses of CNY 35,842,013.76, which is significantly higher than CNY 23,985,778.58 in the previous year, reflecting increased borrowing costs[23] - The total assets impairment loss was reported at CNY -2,627,264.96, contrasting with a gain of CNY 711,949.19 from asset disposals in the previous year[23] Accounts Receivable and Inventory - Accounts receivable increased to RMB 2,476,435,085.84 from RMB 2,113,295,866.33, indicating a growth of 17.2%[18] - Inventory decreased to RMB 701,017,552.33 from RMB 791,069,714.45, a decline of 11.4%[18] Non-recurring Items - Non-recurring gains and losses totaled ¥10,883,945.81 after tax adjustments[9] - The company reported a net profit margin improvement, although specific figures were not disclosed in the provided content[22]