hbky(600985)2024-04-26 12:12Financial Performance - The company's operating revenue for Q1 2024 was CNY 17,322,019,673.31, representing a decrease of 8.80% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 1,589,742,321.64, down 24.70% year-on-year[4]. - The basic earnings per share decreased by 25.17% to CNY 0.64[4]. - The diluted earnings per share also fell by 25.32% to CNY 0.59[4]. - Operating profit for Q1 2024 was ¥1,863,201,079.62, a decline of 26.7% compared to ¥2,539,880,412.53 in Q1 2023[16]. - Net profit for Q1 2024 was ¥1,579,309,989.33, down 33.4% from ¥2,370,269,916.93 in Q1 2023[16]. - The net profit for Q1 2024 is approximately ¥1.58 billion, a decrease of 25.5% compared to ¥2.12 billion in Q1 2023[17]. - The total comprehensive income for Q1 2024 is approximately ¥1.58 billion, down from ¥2.12 billion in Q1 2023, a decrease of 25.5%[17]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 18.16% to CNY 1,622,199,735.18[4]. - The company's cash and cash equivalents as of March 31, 2024, were approximately ¥4.90 billion, down from ¥5.44 billion at the end of 2023, representing a decrease of about 10%[12]. - Total cash and cash equivalents at the end of Q1 2024 is approximately ¥4.15 billion, down from ¥7.11 billion at the end of Q1 2023, a decrease of 41.5%[20]. - Cash inflow from operating activities in Q1 2024 is ¥18.75 billion, compared to ¥17.85 billion in Q1 2023, indicating a growth of 5.0%[19]. - Cash outflow from investing activities in Q1 2024 is ¥2.01 billion, an increase of 4.7% from ¥1.92 billion in Q1 2023[19]. - The company reported a net cash outflow from financing activities of approximately ¥35.68 million in Q1 2024, contrasting with a net outflow of ¥213.72 million in Q1 2023[20]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 87,210,047,068.76, a slight increase of 0.25% from the end of the previous year[5]. - Total current assets amounted to ¥18.47 billion, a decrease from ¥18.97 billion, representing a decline of approximately 2.7%[12]. - Total assets increased to ¥87,210,047,068.76 in Q1 2024 from ¥86,990,949,390.42 in Q1 2023[14]. - Total liabilities decreased to ¥40,903,626,743.20 in Q1 2024 from ¥45,447,171,211.01 in Q1 2023[14]. - Total liabilities amounted to CNY 25,354,562.80 in Q1 2024, compared to CNY 2,880,852,353.67 in Q1 2023, indicating a significant increase[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 31,887[8]. - Huabei Mining (Group) Co., Ltd. held 1,603,035,295 shares, accounting for 59.56% of total shares[8]. - The number of shares held by Anhui Wan Energy Capital Investment Co., Ltd. increased to 20,519,217, representing 0.76% of total shares[10]. Expenses and Costs - Management expenses decreased by 34.22%, primarily due to lower employee compensation and repair costs[7]. - Total operating costs for Q1 2024 were ¥15,587,280,630.29, down 5.2% from ¥16,444,614,363.85 in Q1 2023[16]. - The company reported a decrease in research and development expenses to ¥329,229,770.47, down from ¥404,695,810.94 in Q1 2023[16]. Investment and Income - The company reported a significant increase in investment income by 148.08%, mainly due to profits from associated companies[7]. - The company’s investment income for Q1 2024 was ¥32,030,498.52, compared to ¥12,911,534.57 in Q1 2023[16]. Other Information - The company has not disclosed any significant new product or technology developments in this reporting period[9]. - There were no significant mergers or acquisitions reported during the quarter[9]. - The company reported a financial expense of CNY -12,177.84 in Q1 2024, an improvement from CNY -21,418.07 in Q1 2023[25]. - The company received CNY 535,829,298.00 from financing activities in Q1 2024, indicating strong cash inflow from financing sources[30].