CHALCO(SH:601600)2024-04-25 09:47Financial Performance - The company's operating revenue for Q1 2024 was CNY 48,955,678, a decrease of 26.14% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 2,230,265, representing an increase of 23.01% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,182,750, up 35.61% from the previous year, mainly due to increased profits from alumina and primary aluminum products[7] - The net profit for Q1 2024 reached CNY 4,048,498, representing an increase of 39.4% from CNY 2,901,155 in Q1 2023[15] - The net profit for Q1 2024 was CNY 769,611, down 32.9% from CNY 1,147,649 in Q1 2023[22] Cash Flow and Assets - The net cash flow from operating activities was CNY 3,578,062, down 9.46% year-on-year[4] - Cash flow from operating activities for Q1 2024 was CNY 3,578,062, a decrease of 9.5% compared to CNY 3,951,750 in Q1 2023[17] - The company's investment activities generated a net cash flow of CNY 1,704,107, compared to a negative cash flow of CNY -749,482 in Q1 2023[17] - Cash flow from operating activities generated a net amount of CNY 1,393,430 in Q1 2024, compared to CNY 911,037 in Q1 2023, an increase of 53.1%[24] - The cash and cash equivalents decreased to RMB 20,403,345 thousand from RMB 21,103,581 thousand, a decline of approximately 3.30%[13] - The cash and cash equivalents at the end of Q1 2024 were CNY 5,997,745, compared to CNY 5,338,297 at the end of Q1 2023, an increase of 12.4%[25] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 213,616,732, an increase of 0.88% from the end of the previous year[5] - Total assets as of March 31, 2024, were CNY 124,909,129, down from CNY 127,785,183 at the end of 2023[19] - Current assets totaled RMB 60,238,148 thousand, up from RMB 58,440,534 thousand, indicating an increase of about 3.08%[13] - Inventory increased significantly to RMB 26,504,736 thousand from RMB 22,847,135 thousand, representing a rise of approximately 16.06%[13] - Total liabilities decreased to RMB 110,252,285 thousand from RMB 112,866,670 thousand, a reduction of about 2.31%[14] - The company’s total liabilities decreased to CNY 32,320,418 from CNY 32,766,650 in the previous year[19] - The total liabilities decreased to CNY 71,351,353 in Q1 2024 from CNY 75,017,311 in Q1 2023, a reduction of 4.4%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 356,968[9] - The company reported a total of 5,563,312,965 shares held by China Aluminum Group, which constitutes about 32.42% of the total issued shares[10] Research and Development - Research and development expenses increased to CNY 574,176, up 24.8% from CNY 459,852 in the same period last year[15] - Research and development expenses for Q1 2024 were CNY 103,125, a decrease of 33.6% from CNY 155,324 in Q1 2023[22] Production and Operations - The production of metallurgical alumina reached 4,250,000 tons, a 6.78% increase from Q1 2023[8] - The output of primary aluminum (including alloys) was 1,780,000 tons, up 16.34% year-on-year[8] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22]