HDECL(SH:600726)2024-04-25 13:52Financial Performance - Operating revenue for the reporting period was CNY 5,354,429,849.25, a decrease of 7.49% compared to the same period last year[3] - Net profit attributable to shareholders of the listed company was CNY 422,353,003.95, an increase of 160.35% year-on-year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 371,785,079.55, an increase of 860.98% year-on-year[3] - Basic earnings per share for the reporting period was CNY 0.05, an increase of 150.00% compared to the same period last year[3] - Diluted earnings per share for the reporting period was also CNY 0.05, reflecting the same increase of 150.00% year-on-year[3] - The weighted average return on equity increased by 6.7 percentage points to 11.31%[3] - The company's operating revenue for Q1 2024 was ¥2,946,933,191.53, a decrease of 3.2% compared to ¥3,043,667,270.89 in Q1 2023[34] - The net profit for Q1 2024 was ¥110,556,357.91, a significant improvement from a net loss of -¥233,678,232.12 in Q1 2023[34] - Total operating revenue for Q1 2024 was $5.35 billion, a decrease of 7.5% compared to $5.79 billion in Q1 2023[47] - Net profit for Q1 2024 reached $705.15 million, an increase of 39.2% from $506.71 million in Q1 2023[48] - Earnings per share for Q1 2024 were $0.05, compared to $0.02 in Q1 2023, reflecting a 150% increase[48] Cash Flow and Liquidity - The net cash flow from operating activities decreased by CNY 51,610,347.76, a decline of 118.26% compared to the previous year[3] - The net cash flow from operating activities for Q1 2024 was -¥51,610,347.76, compared to a positive cash flow of ¥282,689,369.73 in Q1 2023[29] - In Q1 2024, the net cash flow from operating activities was -269,496,576.22 RMB, compared to -311,216,137.05 RMB in Q1 2023, indicating an improvement[36] - Total cash inflow from operating activities decreased to 2,694,950,083.51 RMB in Q1 2024 from 3,251,115,284.12 RMB in Q1 2023, a decline of approximately 17.1%[36] - Cash outflow from operating activities also decreased to 2,964,446,659.73 RMB in Q1 2024 from 3,562,331,421.17 RMB in Q1 2023, a reduction of about 16.8%[36] - The net cash flow from investing activities was -146,869,489.25 RMB in Q1 2024, an improvement from -452,101,860.84 RMB in Q1 2023[37] - The total cash and cash equivalents at the end of Q1 2024 was 644,497,737.81 RMB, compared to 1,147,895,890.82 RMB at the end of Q1 2023, a decrease of approximately 43.8%[37] - The company received government subsidies amounting to 58,855,025.16 RMB during the period, contributing positively to the financial results[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 29,362,686,272.49, an increase from CNY 29,114,260,391.27 at the end of the previous year[22] - Total liabilities included short-term borrowings of CNY 6,593,018,679.11, up from CNY 5,121,016,726.04 at the end of the previous year[22] - The total equity attributable to shareholders of the listed company was CNY 3,981,917,838.11, an increase of 14.15% from the previous year[17] - The company's total liabilities as of March 31, 2024, were ¥14,899,177,029.86, a slight decrease from ¥15,206,447,432.84 at the end of 2023[32] - The total liabilities decreased to approximately $22.32 billion in Q1 2024 from $22.88 billion in Q1 2023, a decline of 2.4%[45] - The total equity attributable to shareholders increased to approximately $3.98 billion in Q1 2024 from $3.49 billion in Q1 2023, an increase of 14.1%[45] Operational Costs and Expenses - The operating costs for Q1 2024 were ¥2,712,061,260.02, down from ¥3,138,921,488.43 in Q1 2023, reflecting a reduction of 13.6%[34] - Total operating costs for Q1 2024 were $4.51 billion, down 12.4% from $5.15 billion in Q1 2023[47] - The company's financial expenses for Q1 2024 were ¥115,375,466.62, down from ¥149,355,981.86 in Q1 2023, indicating a decrease of 22.7%[34] - Research and development expenses decreased to $731,593.64 in Q1 2024 from $2.02 million in Q1 2023, a reduction of 63.7%[47] Future Outlook - Future outlook indicates a focus on market expansion and new product development to drive growth in the upcoming quarters[51] - The company plans to acquire a capacity replacement index of 4 million tons for approximately ¥580 million to enhance production capabilities[72]