Financial Performance - Revenue for the reporting period reached RMB 7,083,601,678, representing a year-on-year increase of 6.87%[4] - Net profit for the period was RMB 291,984,821, reflecting a year-on-year increase of 3.28%[4] - Net profit attributable to shareholders decreased by 28.43% to RMB 177,469,351[4] - The net profit excluding non-recurring gains and losses decreased by 35.09% due to declining performance from some wholly-owned subsidiaries[6] - Total operating revenue for Q1 2024 reached RMB 7,083,601,678, an increase of 6.85% compared to RMB 6,628,435,263 in Q1 2023[14] - Net profit attributable to shareholders of the parent company was RMB 177,469,351, a decrease of 28.36% from RMB 247,979,284 in the same period last year[14] - Operating profit for Q1 2024 was RMB 355,565,938, a decrease of 5.1% compared to RMB 374,673,438 in Q1 2023[14] - The total comprehensive income for Q1 2024 was RMB 375,752,767, compared to RMB 9,604,553 in the same period last year[14] - The company reported a basic earnings per share of RMB 0.09, down from RMB 0.12 in Q1 2023[15] Cash Flow and Assets - Cash flow from operating activities decreased significantly by 67.77% to RMB 106,994,109[4] - Cash flow from operating activities generated a net amount of RMB 106,994,109, down from RMB 331,923,337 in Q1 2023[16] - Cash flow from investing activities resulted in a net outflow of RMB 268,956,676, compared to a net outflow of RMB 1,121,597,464 in the previous year[17] - Cash flow from financing activities generated a net inflow of RMB 678,111,238, down from RMB 1,084,213,674 in Q1 2023[18] - Cash and cash equivalents rose to RMB 6,332,848,244 from RMB 5,849,465,351, marking an increase of approximately 8.25%[12] - The cash and cash equivalents at the end of Q1 2024 amounted to RMB 5,881,347,510, a decrease from RMB 6,882,809,533 at the end of Q1 2023[19] - Current assets increased to RMB 15,731,204,056 from RMB 15,219,588,022, representing a growth of about 3.36%[12] - Total assets at the end of the reporting period were RMB 69,240,660,681, a slight increase of 0.64% from the previous year[4] - As of March 31, 2024, the total assets of the company amounted to RMB 69,240,660,681, an increase from RMB 68,800,268,263 as of December 31, 2023, reflecting a growth of approximately 0.64%[12] Shareholder and Equity Information - The total number of shareholders as of March 31, 2024, was 49,123, including 49,115 A-share shareholders[7] - Equity attributable to shareholders increased by 0.80% to RMB 29,164,435,662[4] - The company's total equity as of March 31, 2024, was RMB 33,366,961,566, slightly up from RMB 33,294,882,442, indicating a growth of approximately 0.22%[13] - The company's total liabilities to equity ratio as of March 31, 2024, was approximately 1.08, indicating a stable leverage position[13] Governance and Corporate Structure - The company adhered to the principles and provisions of the Corporate Governance Code as outlined in Appendix C1 of the Listing Rules during the reporting period[21] - The board of directors includes executive directors Mr. Li Yeqing (CEO) and Mr. Liu Fengshan (Vice President), along with non-executive and independent non-executive directors[21] - The board is chaired by Mr. Xu Yongmo, ensuring compliance with governance standards[21] - The company continues to maintain a structured governance framework to enhance transparency and accountability[21] - The board composition reflects a balance of executive and non-executive members, promoting diverse perspectives[21] - The governance practices are aligned with the expectations of the Hong Kong Stock Exchange[21] - The company emphasizes the importance of corporate governance in its operational strategy[21] - The announcement serves as a formal declaration of the company's commitment to governance principles[21] - The board's commitment to governance is crucial for stakeholder confidence and long-term sustainability[21] Asset and Liability Changes - Total liabilities increased to RMB 35,873,699,115 from RMB 35,505,385,821, which is an increase of about 1.04%[13] - Long-term borrowings rose to RMB 9,410,026,488 from RMB 8,623,019,715, an increase of approximately 9.12%[13] - The company's inventory increased to RMB 3,597,246,539 from RMB 3,462,938,165, reflecting a growth of about 3.87%[12] - The company's accounts receivable increased to RMB 3,032,437,003 from RMB 2,259,496,157, representing a significant growth of about 34.2%[12] - The company's goodwill increased to RMB 794,289,719 from RMB 769,271,896, reflecting a growth of approximately 3.25%[12] - The weighted average return on equity decreased by 0.29 percentage points to 0.61%[4]
华新水泥(06655) - 2024 Q1 - 季度业绩