ZMJ(SH:601717)2024-04-26 08:28Financial Performance - The company's operating revenue for Q1 2024 was approximately RMB 9.66 billion, representing a year-on-year increase of 4.93%[4] - Net profit attributable to shareholders was approximately RMB 1.04 billion, reflecting a significant increase of 33.08% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was approximately RMB 926.78 million, up 40.66% year-on-year[4] - Basic earnings per share for Q1 2024 were RMB 0.588, an increase of 31.84% compared to the previous year[4] - Total operating revenue for Q1 2024 reached ¥9,670,188,798.74, an increase of 4.93% compared to ¥9,216,378,294.52 in Q1 2023[20] - Operating costs for Q1 2024 were ¥8,445,388,694.16, up from ¥8,297,284,004.75 in Q1 2023, reflecting a year-over-year increase of 1.79%[21] - Net profit for Q1 2024 was ¥1,173,055,990.74, representing a significant increase of 35.4% from ¥866,047,934.05 in Q1 2023[21] - The total comprehensive income for the first quarter of 2024 was CNY 1,113,911,297.77, an increase from CNY 912,515,510.76 in the same period of 2023[22] Assets and Liabilities - The total assets at the end of Q1 2024 were approximately RMB 49.35 billion, a slight increase of 0.36% from the end of the previous year[4] - The total assets as of Q1 2024 amounted to ¥49,350,973,690.94, slightly up from ¥49,174,398,206.69 in the previous year[19] - The total liabilities decreased to ¥26,319,714,093.04 in Q1 2024 from ¥27,293,069,905.46 in Q1 2023, a reduction of approximately 3.57%[19] - The company's total equity increased to approximately ¥21.07 billion in Q1 2024 from ¥20.35 billion in Q1 2023[28] Cash Flow - The net cash flow from operating activities was approximately RMB 274.22 million, with a notable decrease in cash payments for goods and services[7] - The net cash flow from operating activities was CNY 274,221,006.40, a significant improvement compared to a negative cash flow of CNY -422,138,838.11 in Q1 2023[24] - Cash flow from operating activities was approximately ¥2.73 billion in Q1 2024, down from ¥4.25 billion in Q1 2023[31] - The company's cash and cash equivalents as of March 31, 2024, amount to ¥5,676,346,100.02, a decrease from ¥5,876,835,218.87 at the end of 2023[17] - The ending balance of cash and cash equivalents was $2.88 billion, down from $2.29 billion in the previous period[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,677[11] - The largest shareholder, Hongyi Investment Management (Henan) Partnership, holds 277,195,419 shares, representing 15.52% of total shares[11] - The company has signed a concerted action agreement with Henan Asset Management, collectively holding 19.88% of the shares, making them the controlling shareholders[13] Segment Performance - The coal machinery segment's revenue increased by RMB 34.42 million, or 0.72%, while the automotive parts segment saw a revenue increase of RMB 419.39 million, or 9.48%[8] - The net profit for the coal machinery segment increased by RMB 26.50 million, or 32.31%, attributed to higher product gross margins[10] - The net profit attributable to the parent company increased by RMB 25.91 million, or 33.08%, mainly driven by the growth in the coal machinery segment's profitability[10] Research and Development - Research and development expenses in Q1 2024 totaled ¥466,834,324.92, compared to ¥422,024,480.99 in Q1 2023, indicating a year-over-year increase of 10.6%[21] - Research and development expenses increased to ¥149.38 million in Q1 2024, compared to ¥123.08 million in Q1 2023, reflecting a growth of 21.4%[29] Other Financial Metrics - The company's accounts receivable rose to ¥8,973,291,989.03, compared to ¥7,858,924,563.56 previously[17] - The total amount of trading financial assets increased to ¥7,151,982,867.17 from ¥6,316,537,542.02[17] - Long-term equity investments as of March 31, 2024, are valued at ¥786,246,006.60, slightly up from ¥777,184,695.69[17] - The company reported a decrease in accounts payable to ¥2.66 billion in Q1 2024 from ¥3.11 billion in Q1 2023, a reduction of 14.5%[29] - The company’s deferred income tax assets increased to ¥134.47 million in Q1 2024 from ¥126.04 million in Q1 2023, an increase of 6.4%[28]