Hangcha (SH:603298)2024-04-22 09:42Financial Performance - The company's operating revenue for Q1 2024 was CNY 4,171,783,078.92, representing a 6.17% increase compared to CNY 3,929,226,032.62 in the same period last year[4] - Net profit attributable to shareholders was CNY 378,735,768.17, a 31.16% increase from CNY 292,054,824.57 year-on-year[4] - Basic and diluted earnings per share increased to CNY 0.40, up 21.21% from CNY 0.34 in the same period last year[5] - Net profit for Q1 2024 was CNY 402,122,665.19, representing a significant increase of 35.2% from CNY 297,176,700.22 in Q1 2023[17] - Earnings per share for Q1 2024 were CNY 0.40, compared to CNY 0.33 in Q1 2023, indicating a growth of 21.2%[18] - The company reported a total comprehensive income of CNY 383,124,785.17 for Q1 2024, compared to CNY 295,700,754.21 in Q1 2023, indicating a growth of 29.5%[18] Cash Flow and Investments - The net cash flow from operating activities decreased by 6.08% to CNY 343,175,570.20, down from CNY 357,998,640.09 in the previous year[5] - The cash inflow from operating activities for Q1 2024 was CNY 3,079,914,144.54, an increase of 9.5% compared to CNY 2,813,218,157.45 in Q1 2023[19] - The net cash outflow from investing activities was CNY -110,013,649.18, a decrease from a net inflow of CNY 12,022,501.77 in Q1 2023[20] - The cash inflow from financing activities resulted in a net outflow of CNY -48,041,708.60, compared to a net outflow of CNY -9,958,067.06 in Q1 2023[20] - The company reported a net cash flow from operating activities of CNY 343,175,570.20, down from CNY 365,389,902.18 in Q1 2023[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,196,481,454.99, an 8.56% increase from CNY 13,894,213,061.92 at the end of the previous year[5] - Current assets reached CNY 10,056,062,060.79, up from CNY 8,879,012,255.32, indicating an increase of about 13.3%[13] - Total liabilities increased to CNY 5,591,272,004.92 in Q1 2024 from CNY 4,763,126,256.52 in Q1 2023, marking a rise of 17.4%[17] - Total current liabilities were CNY 5,452,469,425.36, compared to CNY 4,628,821,270.50, reflecting an increase of approximately 17.8%[14] - The company's total equity attributable to shareholders reached CNY 8,980,351,094.47, up from CNY 8,604,022,303.06 in the previous year, reflecting a growth of 4.4%[17] Operational Efficiency - The company attributed the increase in net profit to revenue growth, product structure optimization, and effective cost control[8] - Total operating costs for Q1 2024 were CNY 3,781,415,630.66, up from CNY 3,617,705,608.32 in Q1 2023, reflecting a year-over-year increase of 4.5%[17] - Research and development expenses for Q1 2024 were CNY 203,466,604.81, an increase of 18.8% from CNY 171,199,787.60 in Q1 2023, highlighting the company's commitment to innovation[17] Shareholder and Market Relations - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[11] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16] Cash Management - Cash and cash equivalents were reported at CNY 3,988,996,504.87, compared to CNY 3,804,263,804.49, showing a rise of approximately 4.9%[13] - The total cash and cash equivalents at the end of Q1 2024 amounted to CNY 3,964,492,183.47, up from CNY 3,394,823,198.22 at the end of Q1 2023[20] - The cash paid for purchasing goods and services was CNY 2,138,708,401.18, an increase from CNY 1,890,998,376.77 in Q1 2023[19] - The cash paid to employees increased to CNY 306,581,380.56 from CNY 270,071,232.82 in the previous year, indicating a rise of 13.5%[19]