2024-04-26 10:47Financial Performance - The company's operating revenue for Q1 2024 was ¥5,153,013,497.35, a decrease of 21.73% compared to ¥6,583,965,447.49 in the same period last year[3] - Net profit attributable to shareholders for Q1 2024 was ¥264,887,889.44, down 44.76% from ¥479,487,282.59 year-on-year[3] - Basic earnings per share for Q1 2024 were ¥0.13, a decline of 45.83% from ¥0.24 in the same period last year[4] - The weighted average return on equity for Q1 2024 was 1.77%, down 1.94% from 3.71% in the same period last year[4] - The decline in net profit was attributed to a decrease in sales volume of semi-trailers in the North American market, leading to lower gross profit and net profit[6] - Total operating revenue for Q1 2024 was CNY 5,153,013,497.35, a decrease of 21.7% compared to CNY 6,583,965,447.49 in the same period last year[17] - Net profit for Q1 2024 was CNY 269,599,130.14, a decline of 43.0% compared to CNY 472,522,690.69 in Q1 2023[18] - Earnings per share for Q1 2024 were CNY 0.13, down from CNY 0.24 in the same quarter last year[18] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 50.47% to ¥370,955,959.98, compared to ¥748,943,315.18 in the previous year[3] - The total cash flow from operating activities for Q1 2024 is not provided in the available data, indicating a need for further details in future reports[19] - Total cash inflow from operating activities was ¥4,506,346,667.78, down 13.8% from ¥5,229,412,189.32 in the previous year[21] - Cash outflow from operating activities totaled ¥4,135,390,707.80, a decrease of 7.7% compared to ¥4,480,468,874.14 in Q1 2023[21] - The net cash flow from investing activities was -¥70,824,789.40, an improvement from -¥102,519,880.28 in the same period last year[21] - Cash inflow from financing activities was ¥255,626,452.69, an increase of 28.0% compared to ¥199,703,176.90 in Q1 2023[21] - The net cash flow from financing activities was ¥180,791,030.36, compared to a negative cash flow of -¥127,705,107.83 in Q1 2023[21] - The total cash and cash equivalents at the end of Q1 2024 reached ¥6,413,086,609.07, up from ¥5,189,605,311.95 at the end of Q1 2023[21] Assets and Liabilities - Total assets at the end of Q1 2024 increased by 4.26% to ¥24,854,421,944.03 from ¥23,837,827,879.91 at the end of the previous year[4] - Total liabilities as of Q1 2024 amounted to CNY 9,126,556,161.51, an increase from CNY 8,390,734,423.03 in the previous year[16] - Total equity as of Q1 2024 was CNY 15,727,865,782.52, compared to CNY 15,447,093,456.88 in the same period last year[16] Market and Sales Performance - The total sales of various vehicles reached 29,483 units in the reporting period, with domestic sales growing by 6.3% year-on-year and exports increasing by 27.5%[12] - The North American market continues to face supply-demand challenges, while the European market is experiencing a slowdown in demand due to inflation and geopolitical factors[12] - The company reported a 10.1% year-on-year growth in the commercial vehicle market in China, indicating a strong recovery in logistics demand[12] Strategic Initiatives - The company's "Star Chain Plan" strategy has shown significant results, with the Star Chain Lighthouse Pioneer Group's sales increasing by 18.9% and revenue rising by 12.3%[13] - The company plans to accelerate structural reforms in semi-trailer production and focus on breakthrough growth in domestic semi-trailer business in Q2 2024[13] - The company is committed to enhancing its "new quality productivity" to drive high-quality development and resilience[14] Research and Development - Research and development expenses for Q1 2024 were CNY 51,005,878.34, significantly lower than CNY 91,620,973.46 in Q1 2023, indicating a reduction in R&D investment[18]