BAOTI(600456)2024-04-26 07:54Financial Performance - The net profit from continuing operations for Q1 2024 was approximately ¥169.54 million, an increase from ¥163.28 million in Q1 2023, representing a growth of about 1.55%[4] - The net profit attributable to shareholders of the parent company for Q1 2024 was approximately ¥159.14 million, compared to ¥136.76 million in Q1 2023, reflecting an increase of approximately 16.3%[4] - The basic and diluted earnings per share for Q1 2024 were both ¥0.3331, up from ¥0.2862 in Q1 2023, indicating a growth of approximately 16.4%[4] - The company's operating revenue for Q1 2024 was RMB 1,826,615,752.82, representing a decrease of 2.57% compared to the same period last year[41] - The net profit attributable to shareholders of the listed company was RMB 159,136,852.24, an increase of 16.36% year-on-year[41] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 109,969,050.22, a decrease of 16.50% compared to the previous year[41] - The basic earnings per share for the period was RMB 0.3331, reflecting an increase of 16.39% year-on-year[41] - Net profit for Q1 2024 increased to ¥169,539,666.70, compared to ¥163,279,016.69 in Q1 2023, representing a growth of 2.3%[52] Cash Flow - Cash inflows from operating activities in Q1 2024 totaled approximately ¥723.41 million, down from ¥872.88 million in Q1 2023, a decrease of about 17.1%[5] - Cash outflows from operating activities in Q1 2024 were approximately ¥614.09 million, compared to ¥887.87 million in Q1 2023, a decrease of about 30.8%[5] - The net cash flow from operating activities for Q1 2024 was approximately ¥109.33 million, a significant improvement from a net outflow of approximately -¥14.99 million in Q1 2023[5] - Cash inflows from financing activities in Q1 2024 were approximately ¥65.16 million, down from ¥250 million in Q1 2023, a decrease of about 73.9%[5] - The net cash flow from financing activities for Q1 2024 was approximately ¥0.71 million, compared to ¥34.03 million in Q1 2023, indicating a decline of about 97.9%[5] - The company reported a cash and cash equivalents balance of ¥887,720,998.51 at the end of Q1 2024, up from ¥737,498,510.18 at the end of Q1 2023[54] - The cash flow from operating activities was RMB 109,328,808.72, showing a significant increase of 829.56% compared to the same period last year[41] Assets and Liabilities - The total assets at the end of the reporting period were RMB 12,880,170,164.93, an increase of 3.10% from the end of the previous year[42] - The equity attributable to shareholders of the listed company was RMB 6,697,695,157.50, up 2.49% from the previous year[42] - Total assets rose to ¥12,880,170,164.93, compared to ¥12,493,227,937.76 in the previous period, indicating a growth in asset base[50] - The company’s total liabilities increased to ¥5,581,133,809.47 from ¥5,348,482,216.16, reflecting higher borrowing levels[50] Investment and Expenses - The company reported a total cash outflow from investment activities of approximately ¥91.83 million in Q1 2024, compared to ¥79.34 million in Q1 2023, an increase of about 15.7%[5] - Research and development expenses for Q1 2024 were ¥36,677,451.06, slightly up from ¥35,328,413.97 in Q1 2023, indicating continued investment in innovation[52] Inventory and Production - The company’s inventory as of March 31, 2024, was RMB 3,345,941,187.06, down from RMB 3,701,992,713.14 at the end of 2023[32] - The company’s inventory of titanium products was reported at 4,534.50 tons, which is a 15.26% increase compared to the previous year[48] - The production volume of titanium products was 8,153.89 tons, an increase of 5.64% year-over-year, while sales volume reached 8,813.09 tons, up 5.62%[48] Accounting and Reporting - The company did not apply new accounting standards or interpretations for the first time in 2024, ensuring consistency in financial reporting[6] - The company reported a government subsidy of RMB 57,848,919.95, which is closely related to its normal business operations[42] - The company’s long-term equity investments increased to RMB 13,677,852.09 from RMB 12,745,240.25 at the end of the previous year[32] - The company’s deferred tax assets increased to ¥103,720,054.41 from ¥100,865,529.42 in the previous period[50]