立中集团(300428) - 2024 Q1 - 季度财报

Financial Performance - Total operating revenue for the current period reached ¥5,966,821,005.81, an increase of 16.49% compared to ¥5,122,339,108.08 in the same period last year[11] - Net profit attributable to shareholders of the listed company was ¥274,308,729.80, up 132.47% from ¥117,995,888.97 in the previous year[11] - Net profit excluding non-recurring gains and losses attributable to shareholders was ¥262,612,777.82, a significant increase of 220.78% from ¥81,867,517.70 in the same period last year[11] - Basic earnings per share for the current period was ¥0.44, representing a 131.58% increase from ¥0.19 in the same period last year[11] - The total comprehensive income for the current period is 252,442,378.43, compared to 137,448,993.92 in the previous year, representing an increase of about 83.5%[56] - The total net profit for the first quarter is 281,472,344.42, compared to 117,177,048.95 in the previous year, representing an increase of approximately 140.5%[56] - The operating profit for the current period is 335,497,622.76, up from 135,813,312.26 in the same period last year, indicating a growth of about 147.5%[56] Cash Flow - The net cash flow from operating activities was -¥425,896,342.76, a decrease of 27.29% compared to -¥334,592,489.96 in the previous year[11] - The net cash flow from investing activities improved by 37.14%, amounting to -¥179,968,219.67 compared to -¥286,289,111.97 in the previous year[2] - The net cash flow from financing activities increased by 168.62% to ¥426,171,653.80, up from ¥158,650,734.85 in the previous year[2] - The total cash flow from financing activities amounted to ¥3,562,096,563.55, compared to ¥2,814,283,905.12 in the previous period, indicating a strong inflow of funds[49] - The company’s cash and cash equivalents at the end of the period were ¥2,564,206,300.64, down from ¥2,736,085,208.40 at the beginning of the period[49] - Cash flow from operating activities shows a net outflow of -425,896,342.76, worsening from -334,592,489.96 in the previous year[58] - The cash received from other operating activities is 332,345,836.08, significantly higher than 111,152,226.54 in the previous year, indicating a growth of about 198.5%[58] Assets and Liabilities - Total assets at the end of the current period were ¥19,215,074,651.08, an increase of 2.64% from ¥18,720,346,529.08 at the end of the previous year[11] - The total liabilities reached ¥12,085,168,577.31, up from ¥11,845,107,501.08, indicating an increase of about 2.02%[71] - The company’s equity increased to ¥4,189,122,273.49 from ¥3,914,813,543.69, representing a growth of approximately 7.02%[71] - The company’s long-term equity investments decreased slightly to 80,630,360.67 from 81,237,431.73, a decline of about 0.7%[56] - The company’s inventory balance increased to 3,775,426,845.83 from 3,747,271,006.04, showing a rise of approximately 0.8%[56] - The company’s short-term borrowings were reported at ¥5,290,273,297.63, slightly up from ¥5,261,692,422.41, indicating a marginal increase[71] Research and Development - The company's R&D expenses amounted to ¥178,285,169.84, up from ¥148,254,618.85 in the previous year[5] - Research and development expenses surged by 170.66% to ¥2,153,930.75, reflecting significant investment in new product development during the reporting period[33] Strategic Initiatives - The company signed a strategic cooperation agreement with Shuaiyichi New Materials Group Co., Ltd. on December 29, 2023, to enhance market competitiveness in integrated die-casting non-heat-treated alloys and promote business cooperation in recycled casting aluminum alloys[18] - The company held the fifth board meeting on January 11, 2024, to revise and establish several governance systems, including information disclosure management and related party transaction management[19] - The company approved changes to accounting policies and estimates on April 24, 2024, which will not significantly impact its financial status, operating results, or cash flows[20] - The company plans to continue expanding its product structure and customer base to enhance profitability[33] - The company plans to implement a share repurchase program, which was approved in the recent board meetings[70] - The company has completed its share repurchase program, which contributed to an increase in treasury shares by 56.25% to ¥49,997,695.84[33] - The company issued convertible bonds on August 16, 2023, with a conversion period starting from February 2, 2024, to July 26, 2029, to support future growth initiatives[41] Financial Adjustments - Financial expenses rose by 47.83% to ¥75,079,234.52, mainly due to a decrease in exchange gains[33] - The company reported a credit impairment loss of ¥165,248,499.54, a significant increase of 1369.19%, attributed to changes in the estimated provision for bad debts[33] - The deferred income tax assets decreased from ¥97,596,827.11 to ¥71,036,762.22, showing a reduction of approximately 27.3%[71] - The company’s total revenue from non-operating income was reported at ¥11,695,951.98 after accounting for various expenses and taxes[62] - The company is set to adopt new accounting standards starting from 2024, which may impact financial reporting[72]