Hongfa(SH:600885)2024-04-24 11:23Financial Performance - The company's operating revenue for Q1 2024 was RMB 3,452,812,881.70, representing a year-on-year increase of 5.79%[4] - The net profit attributable to shareholders for Q1 2024 was RMB 356,020,974.11, reflecting a growth of 7.76% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 333,148,704.71, which is an increase of 13.86% year-on-year[4] - The basic earnings per share for Q1 2024 was RMB 0.34, an increase of 6.25% year-on-year[4] - Total operating revenue for Q1 2024 reached ¥3,452,812,881.70, an increase of 5.8% compared to ¥3,263,705,851.98 in Q1 2023[18] - Net profit for Q1 2024 was ¥471,747,726.43, representing a 7.0% increase from ¥440,884,699.74 in Q1 2023[19] - The total profit for Q1 2024 was ¥549,336,080.76, slightly up from ¥539,015,314.15 in Q1 2023[19] - Basic and diluted earnings per share for Q1 2024 were both ¥0.34, compared to ¥0.32 in Q1 2023[20] Cash Flow - The net cash flow from operating activities was negative at RMB -242,388,192.36, a decline of 224.15% compared to the previous year[4] - Cash flow from operating activities in Q1 2024 was ¥2,582,381,916.77, down from ¥2,674,880,385.57 in Q1 2023[20] - Net cash flow from operating activities was negative at -242,388,192.36, compared to a positive 195,239,356.46 in the previous year[21] - Cash inflow from investment activities totaled 693,269,331.42, while cash outflow was 475,891,939.13, resulting in a net cash flow of 217,377,392.29 from investment activities[22] - Cash inflow from financing activities was 200,000,000.00, with cash outflow totaling 9,696,407.47, leading to a net cash flow of 190,303,592.53 from financing activities[22] - The total cash and cash equivalents at the end of the period increased to 1,901,243,478.53, up from 1,741,643,259.13 at the beginning of the period[22] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to RMB 18,038,469,196.24, showing a slight increase of 1.78% from the end of the previous year[5] - Total liabilities decreased to RMB 6,535,901,078.37 from RMB 6,666,000,759.08, representing a reduction of about 1.96%[16] - The company's cash and cash equivalents increased to RMB 2,103,667,973.88 from RMB 1,941,970,045.60, marking an increase of approximately 8.36%[14] - The total equity attributable to shareholders increased to RMB 8,697,282,910.96 from RMB 8,340,956,498.64, reflecting a growth of approximately 4.31%[17] - The total liabilities to equity ratio improved to approximately 0.75 from 0.80, indicating a stronger equity position[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,481, with no preferred shareholders[9] Expenses - Total operating costs for Q1 2024 were ¥2,947,303,891.25, up 6.7% from ¥2,761,560,691.78 in Q1 2023[18] - R&D expenses in Q1 2024 amounted to ¥178,301,009.24, a rise of 18.3% from ¥150,722,851.26 in Q1 2023[19] - The company reported a decrease in financial expenses to ¥28,897,755.98 in Q1 2024 from ¥34,408,032.33 in Q1 2023[19] - Cash paid to employees increased to 912,834,991.11 from 838,531,128.04 year-over-year[21] - Cash paid for taxes rose to 225,433,929.20, compared to 201,104,373.15 in the previous year[21] - Cash paid for purchasing goods and services increased to 1,705,605,444.80 from 1,496,267,967.67 year-over-year[21] Non-Recurring Items - Non-recurring gains and losses for the period totaled RMB 22,872,269.40 after tax, with significant contributions from government subsidies[7] Accounting Standards - The company did not apply new accounting standards for the current year[23]