现代投资(000900) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,326,171,991.87, a decrease of 35.35% compared to ¥2,051,390,218.45 in the same period last year[5] - Net profit attributable to shareholders was ¥189,710,685.90, representing a year-on-year increase of 3.44% from ¥183,404,456.70[5] - Total operating revenue for Q1 2024 was CNY 1,467,513,692.14, a decrease of 32.7% compared to CNY 2,182,719,165.47 in the same period last year[21] - Operating income was CNY 1,326,171,991.87, down from CNY 2,051,390,218.45, reflecting a decline of 35.2% year-over-year[21] - The total operating profit for Q1 2024 was approximately ¥264.75 million, an increase of 5.4% compared to ¥251.68 million in Q1 2023[22] - Net profit for Q1 2024 reached ¥217.04 million, up 11.6% from ¥194.44 million in the same period last year[22] - The company's net profit for the period was impacted by a significant increase in financial expenses, totaling CNY 237,208,175.83 compared to CNY 261,751,896.51 in the previous year[21] Cash Flow - The net cash flow from operating activities increased by 474.47% to ¥738,969,498.38, compared to a negative cash flow of ¥197,338,981.53 in the previous year[6] - The company reported a significant decrease in cash flow from operating activities, totaling ¥738.97 million, compared to a negative cash flow of ¥197.34 million in Q1 2023[23] - The net cash flow from investment activities decreased by 88.54% year-on-year, amounting to approximately CNY -1.05 billion, mainly due to increased debt investments by the subsidiary Yueyang Baling Rural Commercial Bank[11] - The net cash flow from financing activities improved by 88.31% year-on-year, totaling approximately CNY -45.80 million, as the company repaid bank loans due in April[11] - The net cash flow from financing activities was negative at ¥45.80 million, an improvement from a negative cash flow of ¥391.82 million in Q1 2023[24] Assets and Liabilities - The company's total assets at the end of Q1 2024 were ¥58,607,408,782.97, up 3.15% from ¥56,818,999,039.30 at the end of the previous year[5] - Total assets increased to CNY 58,607,408,782.97 from CNY 56,818,999,039.30, representing a growth of 3.1%[20] - Total liabilities rose to CNY 44,153,836,602.07, up from CNY 42,612,591,444.92, indicating an increase of 3.6%[20] - Cash and cash equivalents decreased to CNY 3,847,547,578.49 from CNY 3,927,874,666.92, a decline of 2.0%[19] - Short-term borrowings increased significantly to CNY 3,542,184,722.22 from CNY 2,701,969,611.10, marking a rise of 31.0%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,093, with no preferred shareholders[13] - The largest shareholder, Hunan Provincial Highway Group Co., Ltd., holds 27.19% of the shares, totaling 412,666,971 shares[13] - The second-largest shareholder, Hunan Rail Transit Holding Group Co., Ltd., holds 11.32% of the shares, totaling 171,861,349 shares[13] Research and Development - Research and development expenses surged by 521.48% to ¥5,162,178.83, compared to ¥830,628.93 in the same period last year, indicating increased investment in R&D[10] Inventory and Operating Costs - The inventory increased significantly by 252.68% to ¥768,142,802.84, primarily due to the trade subsidiary increasing bulk commodity stock[10] - The company experienced a 45.22% decrease in operating costs, which amounted to ¥827,213,919.12, down from ¥1,510,087,967.98[10] - The company reported a decrease in total operating costs to CNY 1,245,088,350.48 from CNY 1,963,981,605.39, a reduction of 36.6% year-over-year[21] Other Financial Metrics - The weighted average return on equity rose to 1.74%, up from 1.52% in the previous year[5] - Earnings per share for Q1 2024 were ¥0.125, compared to ¥0.1208 in Q1 2023, reflecting a growth of 1.6%[22] - The total comprehensive income for Q1 2024 was approximately ¥219.08 million, compared to ¥200.66 million in the same quarter last year, indicating a growth of 9.2%[22] - The company reported a significant increase in cash inflows from the recovery of investments, totaling ¥4.86 billion, compared to ¥1.43 billion in Q1 2023[23] Audit Status - The company has not undergone an audit for the Q1 2024 report[25]