华阳集团(002906) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,990,785,130.49, representing a 51.34% increase compared to ¥1,315,429,083.28 in the same period last year[4]. - Net profit attributable to shareholders was ¥142,283,578.15, an increase of 83.52% from ¥77,531,063.60 in the previous year[4]. - The net profit after deducting non-recurring gains and losses was ¥137,768,577.70, up 89.26% from ¥72,791,524.89 year-on-year[4]. - Basic and diluted earnings per share were both ¥0.27, reflecting a 68.75% increase from ¥0.16 in the previous year[4]. - The company reported a net profit attributable to shareholders of ¥142,283,578.15, compared to ¥77,531,063.60 in the prior year, reflecting an increase of approximately 83.4%[51]. - The company reported a total comprehensive income of ¥140,638,115.85, compared to ¥74,024,323.85 in the previous period, indicating a growth of approximately 89.8%[51]. Cash Flow - The net cash flow from operating activities reached ¥105,266,946.92, a significant increase of 648.84% compared to ¥14,057,424.85 in the same period last year[4]. - The net cash flow from operating activities increased to ¥105,266,946.92, compared to ¥14,057,424.85 in the previous period, representing a significant improvement[47]. - Total cash inflow from operating activities reached ¥1,835,223,922.32, up from ¥1,228,925,731.73, indicating a growth of approximately 49.2%[47]. - The net cash outflow from financing activities was ¥28,190,152.62, an improvement from a net outflow of ¥80,521,854.93 in the previous period[48]. - The total cash inflow from investment activities was ¥419,122,837.95, compared to ¥338,200.00 in the previous period, showing a substantial increase[47]. - The company received cash from the recovery of investments amounting to ¥416,586,826.35, indicating a strong performance in investment recovery[47]. - The cash outflow for purchasing fixed assets and intangible assets was ¥191,031,096.79, compared to ¥86,937,306.74 in the previous period, reflecting increased investment in assets[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,805,984,568.12, a 3.74% increase from ¥9,452,636,036.47 at the end of the previous year[4]. - The total liabilities amounted to ¥3,656,272,064.83, an increase from ¥3,445,976,876.26 at the end of the previous year[15]. - The total assets of the company as of the end of the first quarter of 2024 amounted to CNY 9,805,984,568.12, up from CNY 9,452,636,036.47 at the end of the previous year, reflecting an increase of approximately 3.7%[38]. - The company’s total liabilities as of the end of the first quarter of 2024 were CNY 6,200,000,000, reflecting a year-over-year increase of approximately 5%[38]. Investments and Expenses - The company's financial expenses rose to ¥8,651,993.20 in Q1 2024, marking a 218.27% increase from ¥2,718,445.34 in Q1 2023, primarily due to higher interest expenses[24]. - The company's investment income increased by 89.37% to ¥6,848,218.28 in Q1 2024, up from ¥3,616,354.05 in Q1 2023, driven by returns from investments in joint ventures and idle fundraising[24]. - The company's research and development expenses for the first quarter of 2024 were CNY 160,352,837.33, compared to CNY 128,423,244.58 in the same period last year, marking an increase of approximately 25%[41]. Inventory and Equity - The company's inventory as of the end of the first quarter of 2024 was CNY 1,386,826,866.91, an increase from CNY 1,279,818,067.88 in the previous year, representing a growth of about 8.4%[38]. - Shareholders' equity attributable to the parent company was ¥6,121,906,515.78, up 2.39% from ¥5,979,230,993.41 at the end of the previous year[4]. - The company's short-term borrowings decreased to CNY 66,300,912.81 from CNY 83,184,293.71 in the previous year, indicating a reduction of approximately 20.3%[38]. Government Support and New Ventures - The company received government subsidies amounting to ¥3,225,207.28 during the reporting period[6]. - The company has established a new subsidiary, Changxing Huayang Precision Machinery Co., Ltd., with a registered capital of CNY 200 million, holding 10% of the equity, while its wholly-owned subsidiary holds 90%[28]. - The fixed asset investment for the new automotive lightweight precision die-casting parts project is estimated to be around CNY 1 billion[28].