AHHL(SH:600761)2024-04-26 07:38Financial Performance - The company's revenue for Q1 2024 was CNY 4,304,754,614.96, representing a 2.50% increase compared to CNY 4,152,243,591.65 in the same period last year[20] - Net profit attributable to shareholders was CNY 389,951,211.14, a 48.27% increase from CNY 262,756,857.15 year-on-year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 339,933,771.06, reflecting a 56.29% increase from CNY 217,247,982.18 in the previous year[20] - Basic earnings per share increased to CNY 0.51, up 41.67% from CNY 0.35 in the same quarter last year[9] - The total comprehensive income for Q1 2024 was ¥402,722,742.04, compared to ¥285,171,109.65 in Q1 2023, reflecting an increase of approximately 41.3%[33] - Net profit for Q1 2024 was ¥411,145,847.64, up 43.9% from ¥285,693,872.19 in Q1 2023[44] Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,919,859,608.01, a 6.05% increase from CNY 16,897,716,211.46 at the end of the previous year[9] - The total liabilities as of March 31, 2024, were ¥9,071,393,268.73, up from ¥8,636,055,419.96 at the end of 2023, indicating a rise of approximately 5.06%[29] - The total equity attributable to shareholders of the parent company reached ¥8,424,150,857.31, compared to ¥7,757,826,979.27 at the end of 2023, reflecting an increase of about 8.6%[29] - The total non-current liabilities decreased to ¥3,611,836,359.96 from ¥3,822,974,360.41, indicating a reduction of about 5.5%[29] - The company's long-term borrowings stood at ¥1,533,200,000.00, slightly up from ¥1,507,700,000.00, showing an increase of about 1.69%[29] Cash Flow - The net cash flow from operating activities decreased by 33.95% to CNY 307,114,291.67, down from CNY 465,961,681.34 in the same period last year[20] - Net cash flow from investment activities was ¥283,659,021.29, a significant improvement from a negative cash flow of ¥573,661,176.44 in the same period last year[38] - The company reported a net cash increase of ¥470,128,597.95 in Q1 2024, contrasting with a decrease of ¥173,162,310.33 in Q1 2023[38] - Cash inflow from operating activities for Q1 2024 was approximately $3.67 billion, slightly down from $3.68 billion in Q1 2023, reflecting a decrease of about 0.02%[48] - Cash outflow from operating activities increased to approximately $3.36 billion in Q1 2024, compared to $3.21 billion in Q1 2023, marking an increase of about 4.53%[48] Investments and Acquisitions - The company completed the acquisition of Anhui Hedong Electromechanical Equipment Co., Ltd., which required retrospective adjustments to financial data[21] - Cash inflow from investment activities surged to approximately $4.16 billion in Q1 2024, compared to only $52.71 million in Q1 2023, indicating a significant increase[48] - Cash received from investment recoveries was approximately $4.05 billion in Q1 2024, a substantial rise from $13 million in Q1 2023[48] - Cash received from investment income was approximately $68.28 million in Q1 2024, compared to $15.66 million in Q1 2023, reflecting an increase of about 335%[48] Operational Insights - The company attributed the increase in net profit to continuous optimization of product structure and growth in overseas business, leading to an improvement in overall gross margin[12] - Research and development expenses for Q1 2024 were ¥206,233,604.76, slightly down from ¥214,592,071.82 in Q1 2023[44] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[44] Accounting and Reporting - The company did not apply new accounting standards or interpretations for the first quarter of 2024[49] - The board of directors of Anhui Heli Co., Ltd. released the Q1 2024 report on April 26, 2024[50]