Financial Performance - The company's revenue for Q1 2024 reached CNY 4.76 billion, an increase of 30.15% compared to CNY 3.66 billion in the same period last year[4] - Net profit attributable to shareholders was CNY 787.49 million, reflecting a growth of 63.67% from CNY 481.15 million year-on-year[4] - The basic earnings per share increased to CNY 0.67, up 63.41% from CNY 0.41 in the previous year[4] - Total operating revenue for Q1 2024 reached CNY 4,764,940,411.98, a 30.2% increase from CNY 3,661,009,920.32 in the same period last year[20] - Net profit for Q1 2024 was CNY 787,506,053.84, up 63.6% from CNY 481,148,592.99 in Q1 2023[21] - Operating profit for Q1 2024 was CNY 1,002,363,069.26, significantly higher than CNY 582,630,264.26 in Q1 2023[21] - Basic earnings per share rose to CNY 0.67, up from CNY 0.41 in the same quarter last year[22] Cash Flow and Assets - The net cash flow from operating activities was CNY 1.07 billion, a 45.11% increase from CNY 739.22 million in the same period last year[10] - The company's cash and cash equivalents increased to ¥4,582,511,242.72 from ¥3,879,431,673.28, representing a growth of approximately 18.1%[16] - Total current assets increased to ¥13,528,757,840.45 from ¥13,118,185,703.87, reflecting a growth of about 3.1%[17] - The total cash and cash equivalents at the end of the period amounted to ¥2,807,827,596.77, an increase from ¥2,710,019,439.55 in the previous period[24] - The net cash flow from operating activities for the first quarter was ¥1,072,684,730.42, an increase of 45% compared to ¥739,215,311.06 in the previous period[24] Investments and Acquisitions - The company approved the acquisition of land use rights and facilities in Vietnam, pending government approval, which remains uncertain as of March 31, 2024[15] - The company has made the first payment for the acquisition of land use rights and infrastructure in Vietnam, as per the agreement signed on February 2, 2024[15] - The company is actively pursuing asset acquisitions to enhance its operational capabilities in Vietnam[15] Operational Efficiency - The gross profit margin and net profit margin showed significant improvement compared to the same period last year due to enhanced operational efficiency[8] - The company sold 46 million pairs of sports shoes in Q1 2024, representing an 18.36% year-on-year increase[8] Liabilities and Equity - Total liabilities decreased to CNY 4,043,418,470.12 from CNY 4,330,731,111.79 in the previous quarter[19] - The company's total equity increased to CNY 15,785,243,633.32, compared to CNY 15,116,090,808.60 in the previous quarter[19] Expenses - Management expenses increased by 99.27% to CNY 246.98 million, primarily due to higher performance-related compensation[10] - The company reported a significant reduction in financial expenses by 84.46% to CNY 4.63 million, attributed to decreased foreign exchange losses and lower borrowing costs[10] - Research and development expenses for Q1 2024 were CNY 79,004,485.15, compared to CNY 72,087,341.95 in Q1 2023, reflecting a focus on innovation[20] Shareholder Information - The company reported a total of 13,975,616 shares held by Hong Kong Central Clearing Limited, the largest shareholder[12] - The total number of shares held by the top 10 shareholders represents a significant portion of the company's equity, indicating concentrated ownership[12]
华利集团(300979) - 2024 Q1 - 季度财报