山推股份(000680) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached ¥3,069,085,285.77, representing a 29.39% increase compared to ¥2,372,024,663.08 in the same period last year[5] - Net profit attributable to shareholders was ¥207,509,137.51, up 22.81% from ¥168,970,919.39 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥208,515,266.69, a significant increase of 44.92% compared to ¥143,884,531.97 in the previous year[5] - Total operating revenue for Q1 2024 reached CNY 3,069,085,285.77, an increase of 29.3% compared to CNY 2,372,024,663.08 in Q1 2023[31] - Net profit for Q1 2024 was CNY 208,369,966.11, up 22.5% from CNY 170,113,359.35 in the same period last year[32] - The company's total liabilities increased to CNY 8,144,564,387.34, compared to CNY 7,563,989,826.43 at the beginning of the year, reflecting a growth of 7.7%[31] - The total equity attributable to shareholders of the parent company rose to CNY 5,783,127,721.45, a 3.8% increase from CNY 5,570,996,399.70[31] - The company reported a basic earnings per share of CNY 0.1383 for Q1 2024, compared to CNY 0.1126 in Q1 2023, marking a 22.4% increase[32] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥59,635,830.54, a decline of 160.01% compared to ¥99,377,117.32 in the same period last year[5] - Cash inflow from operating activities totaled CNY 2,191,898,141.21, a decrease of 3.7% from CNY 2,275,300,741.68 in the previous period[34] - Cash inflow from financing activities reached CNY 2,249,736,738.05, significantly higher than CNY 1,059,344,498.34 in the prior period[35] - The ending balance of cash and cash equivalents was CNY 1,620,067,781.51, down from CNY 1,659,577,757.90 at the end of the previous period[35] - The company received CNY 167,850,987.76 in tax refunds, an increase from CNY 131,487,575.22 in the previous period[34] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥14,220,613,384.77, reflecting a 5.91% increase from ¥13,426,795,161.00 at the end of the previous year[5] - The total liabilities and equity increased to CNY 14,220,613,384.77, up from CNY 13,426,795,161.00 at the start of the year, indicating a growth of 5.9%[31] - The total liabilities include short-term borrowings of 610,470,555.56 RMB, slightly down from 618,470,555.56 RMB[29] - The company reported a significant increase in accounts payable, which rose to 2,103,284,403.75 RMB from 1,783,348,480.02 RMB, reflecting a growth of approximately 18%[29] Expenses - The company's sales expenses increased by 34.47% to ¥106,885,208.64, primarily due to higher compensation and travel costs[11] - The company's total operating costs for Q1 2024 were CNY 2,847,890,826.30, an increase of 27.0% from CNY 2,241,475,510.52 in the previous year[31] - Research and development expenses for Q1 2024 were CNY 105,863,031.20, representing a 25.6% increase from CNY 84,354,939.48 in Q1 2023[32] Investments - The company reported a decrease in investment income by 33.53% to ¥5,224,342.24, mainly due to the operational impact from joint ventures[11] - The cash flow from investment activities decreased by 30.64% to ¥86,961,897.92, primarily due to new structured deposits made during the period[12] - The company reported a total investment amount of $3,300.00 million at the beginning of the period, with a fair value change resulting in a loss of $333.80 million, leading to an ending investment amount of $2,000.00 million, representing 2.45% of the company's net assets[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 73,000[14] - Shandong Heavy Industry Group Co., Ltd. holds 24.28% of shares, totaling 364,399,684 shares[14] - Weichai Power Co., Ltd. holds 15.77% of shares, totaling 236,705,601 shares[14] Risk Management - The company has implemented risk management strategies for its financial derivatives, including setting stop-loss limits and reverse hedging to mitigate potential losses[20] - The company has actively engaged in foreign exchange hedging to mitigate risks associated with currency fluctuations impacting its export business[18] - The company has not reported any litigation related to its derivative investments during the reporting period[20] Other Information - The company has not experienced any repurchase events as of the financial report date[15] - The company is unaware of any other shareholder relationships or agreements among shareholders[15] - The company has maintained its accounting policies for hedging activities without significant changes compared to the previous reporting period[18] - The company has extended the use of idle raised funds for cash management until November 30, 2024, with a new limit of 12,000,000 yuan[25] - The company has cumulatively paid 572,087,623.14 yuan towards fundraising projects, with 339,339,948.76 yuan allocated to the high-power bulldozer industrialization project[23] - The company raised a total of 681,712,130.88 yuan from a non-public offering of 236,705,601 shares at a price of 2.88 yuan per share[21] - The company has a comprehensive credit limit granted by cooperative banks for financial credit business[17]