HPEC(SH:600312)2024-04-22 10:39Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,043,849,135.84, representing a year-on-year increase of 4.47%[4] - The net profit attributable to shareholders for Q1 2024 was CNY 229,834,284.13, reflecting a significant increase of 52.69% compared to the same period last year[4] - Basic earnings per share for Q1 2024 were CNY 0.1694, up by 52.75% from the previous year[4] - The net profit for Q1 2024 was CNY 258,442,957.54, an increase of 48.2% compared to CNY 174,443,194.96 in Q1 2023[21] - The total operating revenue for Q1 2024 was CNY 2,386,302,441.11, up from CNY 1,735,144,491.62 in Q1 2023, reflecting a growth of 37.5%[24] - The operating profit for Q1 2024 was CNY 302,793,058.97, compared to CNY 214,896,853.27 in Q1 2023, marking a growth of 40.8%[21] - The total comprehensive income for Q1 2024 was CNY 261,759,975.68, compared to CNY 180,777,219.91 in Q1 2023, indicating a growth of 45%[22] Cash Flow - The net cash flow from operating activities reached CNY 89,944,043.01, showing a remarkable increase of 138.37% year-on-year[4] - Cash flow from operating activities for Q1 2024 was CNY 89,944,043.01, significantly higher than CNY 37,732,757.59 in Q1 2023[24] - In Q1 2024, the net cash flow from investing activities was $1,176,928.72, a significant improvement from -$62,516,264.70 in Q1 2023[25] - The total cash outflow from financing activities decreased to $48,755,262.45 in Q1 2024 from $71,863,654.45 in Q1 2023[25] - The net increase in cash and cash equivalents for Q1 2024 was $46,067,007.82, contrasting with a decrease of -$72,889,294.94 in Q1 2023[25] - The cash outflow for debt repayment in Q1 2024 was $46,015,609.05, down from $67,207,643.55 in Q1 2023[25] - The total cash flow from financing activities resulted in a net cash flow of -$45,745,973.97 in Q1 2024, slightly improved from -$47,916,476.45 in Q1 2023[25] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 20,413,041,890.35, an increase of 1.26% from the end of the previous year[6] - Total liabilities decreased slightly to ¥9,655,963,279.71 from ¥9,669,809,863.12, a reduction of 0.14%[18] - The company's equity attributable to shareholders increased to ¥10,264,483,740.88, reflecting a growth of 2.38%[18] - Cash and cash equivalents as of March 31, 2024, amounted to ¥5,074,541,131.47, up from ¥5,001,468,338.34 as of December 31, 2023, reflecting a growth of 1.46%[15] - Accounts receivable increased to ¥6,700,818,422.99 from ¥6,475,202,986.21, representing a rise of 3.48%[15] - Inventory as of March 31, 2024, was ¥1,923,912,040.93, compared to ¥1,426,172,007.76 at the end of 2023, indicating a significant increase of 34.93%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,801, with the largest shareholder holding 41.42% of the shares[10] - The equity attributable to shareholders increased to CNY 10,264,483,740.88, marking a growth of 2.38% compared to the end of the last year[6] Expenses and Income - Research and development expenses increased to CNY 72,984,503.97 in Q1 2024, a rise of 40.6% from CNY 51,886,184.55 in Q1 2023[21] - The company reported a tax expense of CNY 46,404,141.06 for Q1 2024, up from CNY 36,875,189.12 in Q1 2023, reflecting a 25.5% increase[21] - Sales expenses for Q1 2024 were CNY 87,555,084.59, an increase of 11.0% from CNY 78,500,905.47 in Q1 2023[21] - The investment income for Q1 2024 was CNY 7,769,360.77, up from CNY 4,726,911.48 in Q1 2023, showing a growth of 64.4%[21] Other Information - The company reported non-recurring gains of CNY 2,211,784.08 for the period, primarily from government subsidies and other income[7] - The increase in net profit was mainly driven by revenue from key projects and significant improvements in operational efficiency[8] - The company did not apply new accounting standards or interpretations starting in 2024[25]