AVICOPTER(SH:600038)2024-04-26 08:43Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,372,649,700.69, representing a year-on-year increase of 2.76% compared to CNY 3,226,508,712.36 in the same period last year[4]. - Net profit attributable to shareholders was CNY 130,202,113.47, a significant increase from CNY 14,293,288.67 in the previous year[4]. - Total operating revenue for Q1 2024 reached CNY 3,372,649,700.69, a 2.7% increase from CNY 3,281,959,610.15 in Q1 2023[17]. - Net profit for Q1 2024 was CNY 128,336,343.21, compared to a net loss of CNY 20,709,678.80 in Q1 2023, marking a significant turnaround[17]. - Operating profit for Q1 2024 was CNY 152,988,130.86, a recovery from an operating loss of CNY 21,394,676.25 in the same period last year[17]. - The company reported a total comprehensive income of CNY 128,336,343.21 for Q1 2024, compared to a loss of CNY 20,709,678.80 in Q1 2023[18]. - Basic and diluted earnings per share for Q1 2024 were both CNY 0.1780, a recovery from a loss of CNY 0.0211 per share in Q1 2023[18]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -5,244,341,419.04, a decrease of 9.29% compared to the previous year[4]. - Cash flow from operating activities showed a net outflow of CNY -5,244,341,419.04 in Q1 2024, an improvement from CNY -5,781,529,527.32 in Q1 2023[19]. - The company reported a significant decrease in cash and cash equivalents by 57.84% due to higher procurement payments during the period[7]. - Cash and cash equivalents at the end of Q1 2024 were CNY 3,942,394,741.69, down from CNY 10,137,209,518.81 at the end of Q1 2023[20]. - The company's current assets totaled RMB 35,191,158,164.50, down from RMB 37,171,474,889.16, indicating a decrease of about 5.34%[13]. - Cash and cash equivalents decreased significantly from RMB 9,751,993,436.86 to RMB 4,111,586,750.46, a reduction of approximately 57.85%[13]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 43,051,929,647.27, a decrease of 4.56% from CNY 27,610,931,157.14 at the end of the previous year[4]. - As of March 31, 2024, the total assets of the company amounted to RMB 43,051,929,647.27, a decrease from RMB 45,107,295,332.95 as of December 31, 2023, representing a decline of approximately 4.57%[13][16]. - The total liabilities of the company were RMB 29,826,018,419.91, down from RMB 32,011,237,305.60, a decrease of approximately 6.09%[15][16]. - The company's equity attributable to shareholders increased to RMB 12,998,352,581.06 from RMB 12,867,034,427.40, an increase of about 1.02%[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 52,071[10]. - The major shareholder, China Aviation Technology Industry Company, held 53.62% of the shares, totaling 392,282,036 shares[10]. Acquisitions and Investments - The company completed the acquisition of 100% equity in Changhe Aircraft Industry Group and Harbin Aircraft Industry Group, which were registered as wholly-owned subsidiaries[5]. - The company completed the acquisition of 100% equity of Changfei Group and Hafei Group, which became wholly-owned subsidiaries as of March 2024[18]. Research and Development - Research and development expenses decreased by 53.09% due to reduced investment in R&D during the period[9]. - Research and development expenses decreased to CNY 55,408,678.42 in Q1 2024 from CNY 118,105,450.54 in Q1 2023, reflecting a 53% reduction[17].