CSICPCL(SH:600482)2024-04-26 12:41Financial Performance - The company's operating revenue for Q1 2024 reached CNY 11.40 billion, a 24.42% increase compared to CNY 9.16 billion in the same period last year[6]. - Net profit attributable to shareholders of the listed company was CNY 88.11 million, representing a significant increase of 167.82% from CNY 33.86 million year-on-year[6]. - The net cash flow from operating activities was CNY 1.92 billion, up 646.75% from CNY 258.28 million in the previous year[6]. - Basic and diluted earnings per share both increased to CNY 0.040, a rise of 166.67% compared to CNY 0.016 in the same period last year[6]. - Total revenue for Q1 2024 reached ¥11,401,794,980.84, a 24.4% increase from ¥9,163,778,349.15 in Q1 2023[24]. - Net profit for Q1 2024 was ¥182,501,946.56, compared to ¥42,782,162.19 in Q1 2023, representing a significant increase of 326.5%[25]. - Earnings per share for Q1 2024 was ¥0.040, up from ¥0.015 in Q1 2023, indicating a growth of 166.7%[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 100.28 billion, reflecting a 1.17% increase from CNY 99.12 billion at the end of the previous year[6]. - The company reported a total asset value of ¥100,280,051,644.60 as of Q1 2024, an increase from ¥99,119,595,878.61 in Q1 2023[20]. - Total liabilities increased to ¥52,684,868,787.61 in Q1 2024 from ¥51,813,839,632.31 in Q1 2023, marking a rise of 1.7%[20]. - The company's total liabilities as of March 31, 2024, were CNY 1.65 billion, down from CNY 1.71 billion at the end of 2023[31]. - The company's equity increased to CNY 37.90 billion as of March 31, 2024, compared to CNY 37.85 billion at the end of 2023[31]. Cash Flow - The company's cash and cash equivalents as of March 31, 2024, amount to ¥28,783,408,733.47, an increase from ¥27,154,474,523.45 at the end of 2023[18]. - The company's cash and cash equivalents at the end of Q1 2024 were CNY 20.98 billion, up from CNY 16.95 billion at the end of Q1 2023[28]. - In Q1 2024, the company reported cash inflows from operating activities of approximately CNY 13.19 billion, a 24.3% increase from CNY 10.58 billion in Q1 2023[27]. - Cash outflows from investment activities totaled CNY 1.21 billion in Q1 2024, slightly down from CNY 1.35 billion in Q1 2023, resulting in a net cash flow from investment activities of -CNY 1.20 billion[28]. - The company raised CNY 1.13 billion through borrowings in Q1 2024, a decrease from CNY 2.82 billion in Q1 2023, leading to a net cash flow from financing activities of -CNY 85.57 million[28]. Operational Highlights - The company experienced a significant increase in new contracts, leading to a total cash inflow of CNY 13.18 billion, which is a year-on-year increase of CNY 2.61 billion[8]. - The gross margin improved due to increased sales volume and higher prices for main products, particularly marine low-speed engines[7]. - The company optimized production processes to reduce costs, overcoming challenges related to raw material supply and price increases[8]. - Research and development expenses for Q1 2024 were ¥356,457,981.16, compared to ¥280,900,467.83 in Q1 2023, reflecting a 27% increase[24]. - The company plans to expand its market presence and invest in new technologies to drive future growth[23]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 58,100,000[13]. - The largest shareholder, China Shipbuilding Industry Group Co., Ltd., holds 563,578,173 shares, representing 25.74% of total shares[14]. - The total number of shares held by the top 10 shareholders includes significant stakes from state-owned enterprises[14]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[15]. Tax and Other Financial Metrics - The company received CNY 55.65 million in tax refunds during Q1 2024, significantly higher than CNY 9.74 million in Q1 2023[27]. - The company reported a significant increase in tax expenses, totaling CNY 20,136,305.35 in Q1 2024, compared to CNY 6,580,756.51 in Q1 2023[36]. - Non-recurring gains and losses totaled CNY 34.62 million, with government subsidies and asset disposal gains contributing to this figure[10]. - The increase in other payables by 75.09% was primarily due to an increase in patent fees payable during the reporting period[11].