FIRST TRACTOR(SH:601038)2024-04-25 08:17Financial Performance - The company's operating revenue for the reporting period was CNY 4,655,884,153.40, representing an increase of 11.11% compared to the same period last year[3]. - The net profit attributable to shareholders of the listed company was CNY 599,396,148.31, reflecting a growth of 23.40% year-on-year[3]. - Basic earnings per share were CNY 0.5334, up 23.39% from the previous year[3]. - The total comprehensive income attributable to the parent company reached CNY 599,715,806.95, an increase from CNY 485,432,096.26 in the same period last year, representing a growth of approximately 23.5%[20]. - Basic and diluted earnings per share increased to CNY 0.5334 from CNY 0.4323, reflecting a rise of about 23.4% year-over-year[20]. - Total operating revenue for Q1 2024 reached RMB 4,655,884,153.40, an increase of 10.99% compared to RMB 4,194,351,167.11 in Q1 2023[28]. - Total operating costs for Q1 2024 were RMB 4,058,553,977.84, up from RMB 3,726,461,515.15 in Q1 2023, reflecting a year-over-year increase of 8.91%[28]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 59.83% to CNY 247,036,905.03, driven by higher sales and improved collection of receivables[3][13]. - Cash inflows from operating activities totaled CNY 2,797,851,053.67, compared to CNY 2,711,065,456.50 in the previous year, marking an increase of approximately 3.2%[21]. - The cash received from tax refunds was CNY 121,638,072.16, compared to CNY 88,799,983.47 in the previous year, showing an increase of approximately 37.0%[21]. - The net increase in cash and cash equivalents for Q1 2024 was RMB -272,834,441.43, an improvement from RMB -959,146,359.28 in Q1 2023[33]. - The company reported a net cash outflow from investing activities of RMB 518,012,197.59 in Q1 2024, compared to RMB 1,106,629,376.91 in Q1 2023, showing a reduction in cash outflow[33]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 15,357,505,624.41, an increase of 11.15% compared to the end of the previous year[3]. - The total assets of the company amounted to CNY 15,357,505,624.41, up from CNY 13,817,261,971.79, indicating a growth of about 11.1% year-over-year[25]. - The total liabilities increased to CNY 7,529,602,886.23 from CNY 6,597,932,308.41, which is an increase of approximately 14.1%[27]. - The company's total equity attributable to shareholders reached CNY 7,293,050,377.51, an increase from CNY 6,691,690,666.55, representing a growth of about 9.0%[27]. - The company's inventory decreased to CNY 1.43 billion from CNY 1.51 billion, reflecting a reduction of 5.06%[55]. - The accounts receivable increased significantly to CNY 1.69 billion from CNY 331.21 million, marking a growth of 409.73%[55]. - The total amount of other receivables increased to CNY 48.30 million from CNY 24.67 million, a growth of 96.67%[55]. - The prepayments increased to CNY 315.39 million from CNY 210.73 million, reflecting a rise of 49.59%[55]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 22,639, with 22,323 being A-share holders[8]. - The company has no related party relationships among its top ten shareholders, ensuring independent operations[11]. Other Financial Metrics - The weighted average return on equity rose by 0.74 percentage points to 8.57%[3]. - The company reported structural deposit income of CNY 1,531,624.05 as part of its daily fund management activities[4]. - The company recorded a total of RMB 80,257,788.48 in other income for Q1 2024, significantly higher than RMB 5,501,799.89 in Q1 2023[28]. - The company reported a decrease in other comprehensive income, with a net amount of CNY -13,604,071.37 compared to CNY -13,923,730.01 in the previous year[27]. Future Plans and Developments - The company is in the process of publicly transferring its 0.8827% stake in Zhongyuan Bank, with no interested buyers identified as of the report date[54]. - The company plans to continue advancing the major asset sale related to its subsidiary, Yitu Diesel Engine[54]. - The company has not disclosed any new product or technology developments in this report[56]. - The company has not reported any restricted shares being released from lock-up as of the current report[53].