HLGF(SH:600346)2024-04-22 10:43Financial Performance - The company's operating revenue for Q1 2024 was RMB 5,839,049.81 thousand, representing a 4.00% increase year-over-year[4] - Net profit attributable to shareholders for Q1 2024 was RMB 213,936.87 thousand, a significant increase of 109.80% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 181,886.72 thousand, reflecting a 211.50% increase year-over-year[4] - The net profit for Q1 2024 reached CNY 2,144,371,454.80, a significant increase of 110.8% compared to CNY 1,017,245,392.42 in Q1 2023[40] - The total operating income for Q1 2024 was CNY 64,652,433,948.54, up from CNY 60,261,915,057.39 in Q1 2023, reflecting a growth of approximately 6.6%[45] - The total comprehensive income attributable to the parent company was CNY 2,028,861,225.30, compared to CNY 963,125,807.45 in Q1 2023, indicating a growth of 110.9%[43] - Earnings per share (EPS) for Q1 2024 were CNY 0.30, doubling from CNY 0.14 in Q1 2023[43] - The company reported a total operating profit of CNY 2,716,205,318.08, compared to CNY 1,279,781,552.53 in Q1 2023, marking an increase of 112.5%[39] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 33.93% compared to the previous year, primarily due to increased payments for raw materials[8] - The company reported a net cash flow from operating activities of CNY 7,876,742,069.15, down from CNY 11,921,725,448.28 in the same period last year[46] - The company experienced a net cash outflow from investing activities of CNY -8,817,329,373.91, compared to CNY -6,749,194,643.67 in the previous year[49] - Cash and cash equivalents as of March 31, 2024, were RMB 25.00 billion, an increase from RMB 20.47 billion as of December 31, 2023, representing a growth of about 22.3%[13] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 19,095,952,674.88, down from CNY 21,180,869,146.24 at the end of Q1 2023[52] - The company’s interest income for Q1 2024 was CNY 12,072,627.50, significantly higher than CNY 3,422,970.55 in Q1 2023[38] Assets and Liabilities - Total assets at the end of Q1 2024 were RMB 27,249,084.87 thousand, up 4.56% from the end of the previous year[7] - Total assets increased to RMB 272.49 billion as of March 31, 2024, from RMB 260.60 billion at the end of 2023, marking a growth of approximately 4.5%[18] - Total liabilities rose to RMB 210.40 billion as of March 31, 2024, compared to RMB 200.60 billion at the end of 2023, reflecting an increase of about 4.0%[27] - The total liabilities increased to CNY 62,077,674,008.87 from CNY 59,992,401,026.70 year-over-year[37] Shareholder Information - The company has a total of 98,151 common shareholders as of the end of the reporting period[10] - Shareholders' equity increased to RMB 6,207,767.40 thousand, a rise of 3.48% compared to the previous year-end[7] - The company's total equity increased to RMB 62.09 billion as of March 31, 2024, from RMB 60.00 billion at the end of 2023, indicating a growth of approximately 3.5%[30] Operating Costs and Expenses - Total operating costs for Q1 2024 were RMB 56.20 billion, compared to RMB 55.37 billion in Q4 2023, reflecting an increase of about 1.51%[32] - Research and development expenses amounted to RMB 357.09 million in Q1 2024, up from RMB 289.43 million in Q4 2023, indicating a growth of approximately 23.4%[35] Market Conditions - The company reported a significant recovery in profitability due to favorable market conditions for its main products, including PX and pure benzene, alongside improved demand in downstream sectors[8] - The company has maintained a high level of profitability in its coal chemical products, benefiting from lower coal costs and stable crude oil prices[8]