Nisco(SH:600282)2024-04-22 10:37Financial Performance - The company's operating revenue for Q1 2024 was CNY 16.87 billion, a decrease of 5.73% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 553.93 million, an increase of 47.24% year-on-year[4]. - The net profit excluding non-recurring gains and losses was CNY 427.31 million, up 33.10% from the previous year[4]. - The company reported a significant increase in basic and diluted earnings per share, both at CNY 0.0898, reflecting a growth of 47.29%[4]. - The net profit for Q1 2024 was CNY 555,068,202.79, an increase of 28.7% compared to CNY 431,339,970.06 in Q1 2023[20]. - The total profit for Q1 2024 reached CNY 638,264,002.95, up from CNY 491,806,805.50 in the same period last year, reflecting a growth of 29.8%[20]. - The net profit margin for Q1 2024 improved to approximately 3.76% from 2.75% in Q1 2023[19]. Cash Flow and Assets - The net cash flow from operating activities was CNY 383.75 million, reflecting a growth of 12.32%[4]. - As of March 31, 2024, the company's cash and cash equivalents amounted to RMB 6,819,533,802.42, a decrease from RMB 9,290,441,470.09 as of December 31, 2023, reflecting a decline of approximately 26.5%[15]. - The total current assets increased to RMB 31,661,205,816.76 from RMB 31,421,198,195.50, representing a growth of about 0.76%[15]. - The company reported a decrease in cash and cash equivalents at the end of Q1 2024, totaling CNY 3,978,551,749.65, down from CNY 6,460,582,790.43 at the end of Q1 2023[22]. - The company’s operating cash inflow decreased to CNY 18,510,681,192.12 in Q1 2024 from CNY 19,129,285,063.10 in Q1 2023, reflecting a decline of 3.2%[21]. - The company’s total cash outflow from operating activities was CNY 18,126,933,450.99 in Q1 2024, compared to CNY 18,787,635,992.92 in Q1 2023, showing a decrease of 3.5%[21]. Production and Sales - Steel production for the quarter was 2.31 million tons, a decrease of 7.59% year-on-year, while steel sales volume was 2.26 million tons, down 10.73%[8]. - The average selling price of steel was CNY 4,480.99 per ton, an increase of 2.27% compared to the same period last year[8]. - The average price index for steel products decreased by 6.29% year-on-year, indicating a challenging market environment[7]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 73.26 billion, a slight increase of 0.11% from the end of the previous year[4]. - Shareholders' equity attributable to the parent company was CNY 26.68 billion, up 0.51% from the previous year-end[4]. - Non-current assets totaled ¥41,595,291,705.06, slightly down from ¥41,755,302,562.30 in the previous quarter[17]. - Total liabilities amounted to ¥44,815,211,607.58, a slight decrease from ¥44,843,132,456.66 in the previous quarter[17]. - The company's total assets reached ¥73,256,497,521.82, up from ¥73,176,500,757.80 in the previous quarter[17]. - The total equity attributable to shareholders increased to ¥26,678,643,203.40 from ¥26,542,920,821.42 in the previous quarter[17]. Investments and Financing - The company completed a public offering of shares, with 225,490,377 shares accepted during the tender offer, accounting for 3.66% of the total shares outstanding[13]. - The company has allocated a total of RMB 18,915.48 million in surplus funds for permanent working capital supplementation[14]. - The company reported a significant increase in financing receivables, which rose to RMB 5,974,774,010.70 from RMB 3,874,492,033.58, marking an increase of approximately 54.0%[15]. - The company is undergoing strategic investments and acquisitions, as evidenced by the agreements signed with various stakeholders for share transfers and capital increases[13]. Research and Development - Research and development expenses for Q1 2024 were ¥598,526,306.14, an increase from ¥584,899,559.36 in Q1 2023[19]. - The company reported a significant increase in investment income of ¥1,787,971.43 in Q1 2024, compared to a loss of ¥8,087,246.04 in Q1 2023[19].