Financial Performance - Total revenue for Q1 2024 was CNY 996,302.01, a significant decrease from CNY 13,524,162.94 in Q1 2023, representing a decline of approximately 92.6%[4] - Operating profit for Q1 2024 was CNY -25,717,816.11, compared to CNY 111,860,497.56 in Q1 2023, indicating a substantial loss[8] - Net profit for Q1 2024 was CNY -25,840,421.75, a stark contrast to the net profit of CNY 112,982,251.19 in Q1 2023, reflecting a negative shift in profitability[8] - The company's operating revenue for the first quarter reached CNY 2,412,701,599.30, representing a year-on-year increase of 7.58%[30] - Net profit attributable to shareholders of the listed company was CNY 451,845,572.59, reflecting a growth of 5.12% compared to the same period last year[30] - The net profit for Q1 2024 was approximately ¥647.26 million, slightly up from ¥646.89 million in the same period last year, indicating a growth of about 0.06%[43] - The operating profit for the quarter was approximately ¥780.94 million, compared to ¥774.56 million in the previous year, representing an increase of about 0.49%[43] - The net profit attributable to the parent company for Q1 2024 was CNY 451,854,047.44, compared to CNY 429,187,062.37 in Q1 2023, indicating a growth of 5.3%[65] Cash Flow - Cash flow from operating activities in Q1 2024 was CNY -56,578,021.82, an improvement from CNY -90,008,299.84 in Q1 2023[11] - The net cash flow generated from operating activities amounted to CNY 1,306,748,430.96, which is an increase of 5.29% year-on-year[30] - The cash flow from operating activities in Q1 2024 was CNY 3,231,144,076.07, slightly down from CNY 3,270,374,208.97 in Q1 2023[66] - The company reported a net cash outflow from financing activities of CNY 1,227,275,478.20, indicating a significant cash outflow in this area[30] - The net cash flow from operating activities was 1,306,748,430.96 CNY, an increase from 1,241,058,727.37 CNY year-over-year[67] - The total cash outflow from operating activities amounted to 1,924,395,645.11 CNY, down from 2,029,315,481.60 CNY[67] - The net cash flow from investing activities was -386,854,254.91 CNY, compared to -257,567,876.58 CNY in the previous period[67] - The company's cash flow from financing activities resulted in a net outflow of -1,235,865,886.38 CNY, compared to -748,257,542.95 CNY last year[68] Assets and Liabilities - Total assets decreased from CNY 11,164,359,755.93 in the previous period to CNY 10,113,450,091.49, a reduction of about 9.4%[2] - Total liabilities decreased from CNY 3,161,850,127.40 to CNY 2,136,780,884.71, indicating a decline of approximately 32.4%[2] - The company's total equity decreased from CNY 8,002,509,628.53 to CNY 7,976,669,206.78, a slight reduction of about 0.3%[2] - The total assets at the end of the reporting period were CNY 29,664,621,025.65, showing a decrease of 0.84% from the end of the previous year[30] - The company's cash and cash equivalents at the end of the period were CNY 1,574,565,880.54, down from CNY 2,648,002,072.01 at the beginning of the period[30] - The total current liabilities increased to approximately ¥2.48 billion, up from ¥2.22 billion, marking an increase of about 11.73%[38] - The total non-current assets were approximately ¥23.65 billion, down from ¥23.76 billion, indicating a decrease of about 0.47%[38] - The company's total liabilities as of March 31, 2024, were CNY 14,276,698,727.98, a decrease from CNY 15,365,214,398.21 at the end of 2023[61] Equity and Earnings - The basic earnings per share for the quarter was CNY 0.31, an increase of 3.33% compared to the previous year[30] - The weighted average return on equity was 3.94%, a decrease of 0.06 percentage points from the previous year[30] - The net profit after deducting non-recurring gains and losses was CNY 450,191,454.45, up by 5.05% year-on-year[30] - The total equity attributable to shareholders of the listed company increased to CNY 11,744,088,070.75, a rise of 5.20% from the previous year[31] - The total equity attributable to shareholders increased to CNY 11,744,088,070.75 in Q1 2024 from CNY 11,163,507,875.29 in Q1 2023, marking a growth of 5.2%[61] Investment and Future Plans - Cash inflow from investment activities in Q1 2024 was CNY 212,756,952.55, compared to CNY 175,075,976.66 in Q1 2023, showing an increase of approximately 21.5%[11] - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[40]
昊华能源(601101) - 2024 Q1 - 季度财报