wanhua(SH:600309)2024-04-18 09:11Financial Performance - The company's operating revenue for Q1 2024 was CNY 46,161,004,693.46, representing a year-on-year increase of 10.07%[4] - The net profit attributable to shareholders for the same period was CNY 4,157,379,176.37, reflecting a growth of 2.57% compared to the previous year[4] - The basic earnings per share for Q1 2024 was CNY 1.32, which is an increase of 2.33% compared to the same period last year[4] - The company reported a total profit of RMB 5.31 billion for Q1 2024, up from RMB 4.93 billion in Q1 2023, marking a 7.7% growth[15] - The net profit for Q1 2024 was RMB 4.56 billion, compared to RMB 4.39 billion in Q1 2023, reflecting a 4% increase[15] - The comprehensive income for Q1 2024 was ¥1,468,064,196.56, down from ¥3,278,721,268.79 in Q1 2023, indicating challenges in maintaining profitability[24] Cash Flow - The net cash flow from operating activities decreased by 26.00%, amounting to CNY 3,083,663,688.61[4] - Cash flow from operating activities was RMB 48.16 billion in Q1 2024, compared to RMB 37.87 billion in Q1 2023, indicating a significant increase[16] - The net cash flow from operating activities for Q1 2024 was CNY 3,083,663,688.61, a decrease of 26.0% compared to CNY 4,166,884,642.68 in Q1 2023[17] - In Q1 2024, the company reported a net cash flow from operating activities of ¥5,136,283,909.77, a decrease of 39.5% compared to ¥8,466,734,235.59 in Q1 2023[26] - Total cash inflow from operating activities reached CNY 50,186,605,950.55, up 26.4% from CNY 39,676,626,031.49 in the previous year[17] - Total cash inflow from operating activities was ¥20,120,578,625.76, up from ¥18,493,478,715.81 in the same period last year, representing an increase of 8.8%[26] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 279,122,454,360.21, an increase of 10.31% from the end of the previous year[5] - Current assets totaled CNY 79.712 billion as of March 31, 2024, compared to CNY 61.864 billion at the end of 2023, reflecting a growth of 28.87%[11] - Total liabilities reached CNY 180.112 billion, compared to CNY 158.586 billion at the end of 2023, showing an increase of 13.54%[13] - The total assets as of March 31, 2024, were CNY 279.122 billion, up from CNY 253.040 billion, a growth of 10.32%[13] - The total liabilities increased to CNY 71,084,961,936.34, compared to CNY 64,804,792,454.37 in the previous year[20] Shareholder Information - The equity attributable to shareholders was CNY 92,401,723,202.50, up by 4.22% year-on-year[5] - The company reported a total of 137,200 shareholders at the end of the reporting period[7] - Major shareholders include Yantai Guofeng Investment Holding Group Co., Ltd. with a 21.59% stake and Yantai Zhongcheng Investment Co., Ltd. with a 10.52% stake[7] Research and Development - R&D expenses increased to RMB 1.03 billion in Q1 2024, up 18.3% from RMB 868.73 million in Q1 2023[14] - R&D expenses increased to ¥717,786,403.74, up from ¥641,370,582.44, indicating a focus on innovation and new product development[22] Market Strategy - The company plans to leverage its global supply chain advantages for further market expansion and product sales growth[10] - The company is focusing on market expansion and new strategies to enhance profitability in the upcoming quarters[22]