HTGD(SH:600487)2024-04-25 13:28Financial Performance - The company's operating revenue for Q1 2024 was CNY 11,784,838,907.31, representing an increase of 8.45% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was CNY 513,074,864.08, reflecting a growth of 29.87% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 411,303,403.19, which is an increase of 13.90% compared to the previous year[4] - The basic earnings per share for the period was CNY 0.2080, up by 29.84% year-on-year[4] - Total revenue for Q1 2024 reached ¥11,784,838,907.31, an increase of 8.44% compared to ¥10,866,810,879.68 in Q1 2023[22] - Net profit for Q1 2024 was ¥542,335,099.83, representing a significant increase of 37.93% from ¥393,319,755.90 in Q1 2023[23] - The total comprehensive income for Q1 2024 was CNY 731,743,974.81, an increase from CNY 459,074,472.82 in Q1 2023[24] - Basic and diluted earnings per share for Q1 2024 were CNY 0.2080, compared to CNY 0.1602 in Q1 2023, reflecting a 29.9% increase[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 63,299,799,620.48, a 1.29% increase from the end of the previous year[5] - The company's total assets increased to ¥63,299,799,620.48 in Q1 2024, compared to ¥62,490,771,529.52 in Q1 2023, marking a growth of 1.30%[21] - Total liabilities amounted to ¥34,563,187,858.43 in Q1 2024, slightly up from ¥34,371,904,867.80 in Q1 2023, indicating a year-over-year increase of 0.56%[21] - The total equity attributable to shareholders reached ¥26,224,903,961.63 in Q1 2024, compared to ¥25,642,878,413.65 in Q1 2023, an increase of 2.27%[21] Cash Flow - As of March 31, 2024, the company's cash and cash equivalents amounted to approximately RMB 9.92 billion, a decrease from RMB 11.53 billion as of December 31, 2023, representing a decline of about 14%[19] - The company's cash and cash equivalents decreased to ¥8,800,082,921.88 in Q1 2024 from ¥9,255,425,187.55 in Q1 2023, a decline of 4.91%[21] - Cash inflow from operating activities totaled CNY 14,435,670,982.43, up from CNY 11,945,113,544.01 in the previous year, indicating a growth of 20.8%[25] - The net cash flow from operating activities was CNY 173,137,554.87, a significant recovery from a net outflow of CNY -273,079,702.38 in Q1 2023[25] - Cash outflow from investing activities was CNY 710,403,985.74, compared to CNY 878,640,753.37 in the same period last year, showing a decrease of 19.1%[26] - The net cash flow from financing activities was CNY -939,890,074.19, worsening from CNY -389,140,003.07 in Q1 2023[26] - The ending balance of cash and cash equivalents was CNY 7,422,132,536.16, an increase from CNY 5,189,572,409.15 year-over-year[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 197,458[8] - The largest shareholder, Hengtong Group Co., Ltd., holds 586,229,925 shares, accounting for 23.77% of the total shares[8] Strategic Initiatives - The company plans to introduce four strategic investors in March 2024, aiming to raise a total of RMB 10.3 billion, which is part of a larger financing round not exceeding RMB 30 billion[14] - The company is focused on enhancing its global presence in the marine energy sector through strategic investments and partnerships[14] - The company aims to maintain Voksel's public company status while ensuring that public shares remain above 20% during the transition period[15] Inventory and Receivables - The company's accounts receivable increased to approximately RMB 16.92 billion, up from RMB 14.93 billion, reflecting a growth of about 13.3%[19] - The company reported a significant increase in contract assets, which rose to approximately RMB 2.04 billion from RMB 1.70 billion, reflecting a growth of about 20.3%[19] - The company’s inventory increased to approximately RMB 8.47 billion, compared to RMB 8.30 billion, marking a growth of about 2%[19] Non-Recurring Gains and Subsidies - Non-recurring gains included a profit from the disposal of non-current assets amounting to CNY 109,613,139.67[6] - The company received government subsidies amounting to CNY 32,213,432.84, which are closely related to its normal business operations[6]