Financial Performance - The company's operating revenue for Q1 2024 was RMB 4,655,884,153.40, representing an increase of 11.11% compared to the same period last year[5]. - Net profit attributable to shareholders was RMB 599,396,148.31, reflecting a growth of 23.40% year-on-year[5]. - Total revenue for Q1 2024 reached RMB 4,655,884,153.40, an increase of 11.0% compared to RMB 4,194,351,167.11 in Q1 2023[21]. - Net profit for Q1 2024 was RMB 606,903,187.48, a significant increase from RMB 496,310,653.08 in Q1 2023, representing a growth of 22.3%[25]. - The total comprehensive income attributable to shareholders of the parent company for Q1 2024 was RMB 599,396,148.31, compared to RMB 485,733,620.69 in Q1 2023, an increase of 23.4%[25]. - Total comprehensive income for Q1 2024 reached ¥606.91 million, up from ¥496.51 million in Q1 2023, representing a growth of 22.3%[27]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.5334, compared to ¥0.4323 in Q1 2023, reflecting an increase of 23.4%[27]. Cash Flow - The net cash flow from operating activities increased significantly by 59.83%, amounting to RMB 247,036,905.03, driven by increased sales and improved cash collection[5][8]. - Cash inflow from operating activities in Q1 2024 was ¥2.80 billion, compared to ¥2.71 billion in Q1 2023, indicating a rise of 3.3%[29]. - Net cash flow from operating activities for Q1 2024 was ¥247.04 million, an increase of 60% from ¥154.56 million in Q1 2023[30]. - Cash outflow from investing activities in Q1 2024 totaled ¥518.36 million, a decrease from ¥1.11 billion in Q1 2023, showing a reduction of 53.3%[32]. - Net cash flow from investing activities for Q1 2024 was -¥518.01 million, compared to -¥1.11 billion in Q1 2023, indicating an improvement of 53.3%[32]. - Cash outflow from financing activities in Q1 2024 was ¥3.41 million, down from ¥6.08 million in Q1 2023, reflecting a decrease of 43.9%[34]. - The impact of exchange rate changes on cash and cash equivalents in Q1 2024 was positive at ¥1.55 million, compared to a negative impact of ¥996.92 thousand in Q1 2023[35]. - The ending balance of cash and cash equivalents for Q1 2024 was ¥1.95 billion, down from ¥2.56 billion in Q1 2023, a decrease of 23.7%[35]. Assets and Liabilities - The total assets at the end of the reporting period reached RMB 15,357,505,624.41, up 11.15% from the previous year[5]. - The total current assets as of March 31, 2024, amounted to RMB 7,774,698,601.37, an increase from RMB 6,487,671,852.68 as of December 31, 2023, representing a growth of approximately 19.87%[16]. - The total liabilities as of March 31, 2024, were RMB 6,976,122,850.66, compared to RMB 6,044,604,287.57 as of December 31, 2023, indicating an increase of about 15.43%[18]. - The company's total liabilities increased to RMB 7,529,602,886.23 as of March 31, 2024, compared to RMB 6,597,932,308.41 at the end of 2023, reflecting a rise of 14.1%[20]. - The total equity attributable to shareholders was RMB 7,293,050,377.51, an increase of 8.99% compared to the end of the previous year[5]. - Shareholders' equity rose to RMB 7,827,902,738.18 as of March 31, 2024, compared to RMB 7,219,329,663.38 at the end of 2023, indicating an increase of 8.4%[20]. - The non-current assets totaled RMB 7,582,807,023.04 as of March 31, 2024, compared to RMB 7,329,590,119.11, reflecting a growth of about 3.45%[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,639, with 22,323 being A-share holders[9]. - The largest shareholder, China Yituo Group Co., Ltd., holds 48.81% of the shares[10]. - The company issued 137,795,275 shares of RMB ordinary shares to its controlling shareholder, which will become tradable on February 23, 2024, after the lock-up period expires[14]. Research and Development - Research and development expenses for Q1 2024 were RMB 95,205,504.15, up from RMB 82,656,071.97 in Q1 2023, marking a growth of 15.2%[21]. Other Financial Metrics - The weighted average return on net assets rose by 0.74 percentage points to 8.57%[5]. - The company recognized non-recurring gains of RMB 3,096,576.09 during the reporting period[7]. - Deferred income increased to RMB 183,880,508.36 as of March 31, 2024, compared to RMB 181,945,272.97 at the end of 2023, a rise of 1.1%[19]. - The company reported investment income of RMB 41,123,380.20 in Q1 2024, compared to RMB 28,232,071.57 in Q1 2023, reflecting a growth of 45.5%[23]. - The company's long-term borrowings remained stable at RMB 200,000,000.00 as of March 31, 2024, unchanged from the previous period[19]. - The company's cash and cash equivalents decreased to RMB 2,412,947,634.63 from RMB 2,769,578,885.96, a decline of about 12.87%[16]. - Accounts receivable increased significantly to RMB 1,689,563,565.01 from RMB 331,205,994.88, reflecting a growth of approximately 409.73%[16]. - The company's inventory decreased to RMB 1,426,754,223.21 from RMB 1,514,190,377.68, a decline of approximately 5.78%[16]. - The company's short-term borrowings and other current liabilities are being closely monitored as part of its financial strategy[18]. - The company reported no net profit from merged entities in both the current and previous periods[27].
第一拖拉机股份(00038) - 2024 Q1 - 季度业绩