BGE(SH:603588)2024-04-25 12:13Financial Performance - Total operating revenue for Q1 2024 reached ¥3,125,074,136.64, a significant increase from ¥1,735,188,864.57 in Q1 2023, representing a growth of approximately 80.0%[1] - Net profit for Q1 2024 was ¥209,973,143.26, down from ¥235,214,280.40 in Q1 2023, reflecting a decrease of approximately 10.7%[4] - Operating revenue for the first quarter reached ¥3,125,074,136.64, an increase of 80.10% compared to the same period last year[18] - The net profit attributable to shareholders of the listed company was CNY 194,006,643.83, a decrease of 5.95% year-on-year[35] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 165,756,506.59, down by 9.53% compared to the previous year[35] - The company's total comprehensive income for Q1 2024 was ¥209,973,143.26, compared to ¥235,214,280.40 in Q1 2023, reflecting a decrease of about 10.7%[11] Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥2,970,809,875.09, compared to ¥1,545,223,919.72 in Q1 2023, indicating an increase of about 92.3%[1] - Research and development expenses for Q1 2024 amounted to ¥51,153,218.17, compared to ¥47,579,308.49 in Q1 2023, showing an increase of about 5.3%[4] - Operating costs increased to ¥2,660,786,539.91, reflecting a growth of 110.46% year-on-year, primarily due to increased production scale[18] Cash Flow and Investments - Cash flow from operating activities in Q1 2024 was ¥3,204,497,169.28, up from ¥2,255,975,210.46 in Q1 2023, representing a growth of approximately 42.0%[11] - The company reported a net cash outflow from investing activities of ¥535,240,019.85 in Q1 2024, compared to an outflow of ¥354,045,382.89 in Q1 2023[8] - Investment cash inflows totaled ¥204,031,023.33, while cash outflows for investment activities amounted to ¥535,240,019.85[18] - The company experienced a 201.63% increase in credit impairment losses, amounting to ¥8,633,716.46, due to the recovery of previously long-standing receivables[18] Assets and Liabilities - The company's total assets as of March 31, 2024, were CNY 27,041,797,744.12, reflecting a 1.35% increase from the end of the previous year[38] - Total liabilities and equity combined reached ¥27,041,797,744.12, consistent with the total assets, indicating a balanced financial position[45] - Current liabilities decreased slightly to ¥11,046,429,863.69 from ¥11,157,643,017.58, a reduction of about 1.00%[43] - Non-current liabilities rose to ¥5,698,327,624.20, compared to ¥5,401,075,738.45, indicating an increase of approximately 5.50%[43] - Long-term payables rose by 110.95% to ¥171,061,398.37, reflecting an increase in financing lease payments[18] Shareholder Information - Basic and diluted earnings per share for Q1 2024 were both ¥0.127, down from ¥0.135 in Q1 2023[11] - The basic earnings per share for the reporting period was CNY 0.127, a decrease of 5.93% year-on-year[35] - The company had a total of 38,058 common shareholders at the end of the reporting period[21] Government Subsidies and Other Income - Other income surged by 225.06% to ¥42,476,580.86, mainly driven by increased government subsidies[18] - The company received government subsidies amounting to CNY 31,208,369.88, which are closely related to its normal business operations[38]