恒立液压(601100) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥2,361,599,627.05, representing a decrease of 2.70% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥601,941,673.95, down 3.77% year-on-year[4]. - The basic earnings per share for Q1 2024 was ¥0.45, reflecting a decrease of 4.26% year-on-year[4]. - The net profit for Q1 2024 was approximately ¥602.76 million, a decrease of 3.8% compared to ¥626.52 million in Q1 2023[20]. - The total revenue for Q1 2024 was ¥715.50 million, down from ¥735.25 million in Q1 2023, reflecting a decline of 2.3%[20]. - Operating profit for Q1 2024 was ¥710.86 million, compared to ¥727.20 million in the same period last year, indicating a decrease of 2.2%[20]. - The company reported a total comprehensive income of ¥626.18 million for Q1 2024, down from ¥650.06 million in Q1 2023, representing a decline of 3.7%[21]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥94,119,476.13, a significant decline of 73.16% compared to the previous year[4]. - Cash flow from operating activities generated ¥94.12 million in Q1 2024, a significant drop of 73% from ¥350.62 million in Q1 2023[23]. - The company experienced a net cash outflow from investing activities of approximately ¥1.14 billion in Q1 2024, compared to a net inflow of ¥191.55 million in Q1 2023[23]. - Cash and cash equivalents at the end of Q1 2024 totaled ¥4.73 billion, down from ¥7.35 billion at the end of Q1 2023, reflecting a decrease of 35.5%[24]. - The company's cash and cash equivalents as of March 31, 2024, amount to approximately RMB 7.7 billion, a decrease from RMB 8.12 billion at the end of 2023[15]. Assets and Liabilities - Total assets at the end of Q1 2024 reached ¥18,584,868,072.80, an increase of 3.85% from the end of the previous year[5]. - Total liabilities rose to ¥3,512,956,462.37 in Q1 2024, compared to ¥3,452,554,861.38 in Q1 2023, indicating an increase of 1.7%[17]. - The company's total equity increased to ¥15,071,911,610.43 in Q1 2024 from ¥14,443,007,894.45 in Q1 2023, reflecting a growth of 4.4%[17]. - The equity attributable to shareholders increased by 4.36% to ¥15,019,451,832.17 compared to the end of the previous year[5]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 43,819[11]. - The largest shareholder, Changzhou Hengyi Intelligent Equipment Co., Ltd., holds 495,474,869 shares, accounting for 36.95% of total shares[11]. - The top ten shareholders include both domestic and foreign entities, with the second-largest shareholder, Shennuo Technology (Hong Kong) Limited, holding 221,170,269 shares, or 16.5%[11]. Operational Insights - Significant increases were noted in prepaid expenses (67.22%) and contract assets (63.94%), primarily due to increased material inventory and receivables[8]. - The company experienced a 37.81% increase in trading financial assets, mainly due to the purchase of wealth management products[8]. - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[12]. - The company has not disclosed any new strategies or significant operational changes for the upcoming quarters[14]. - There are no significant reminders or additional important information regarding the company's operational status during the reporting period[14]. Cost Management - Total operating costs for Q1 2024 were ¥1,654,451,494.55, down from ¥1,710,225,812.85 in Q1 2023, reflecting a cost reduction of 3.3%[19]. - Research and development expenses decreased to ¥106,194,414.34 in Q1 2024 from ¥141,424,687.70 in Q1 2023, a reduction of 25%[19]. - The company reported a significant increase in accounts payable, which rose to ¥765,240,751.80 in Q1 2024 from ¥776,471,904.65 in Q1 2023, indicating a shift in working capital management[19].