Financial Performance - The company's operating revenue for Q1 2024 was CNY 21,346,440,113, representing a decrease of 19.12% compared to the same period last year[2] - Net profit attributable to shareholders for the same period was CNY 1,220,351,768, down 20.65% year-on-year[2] - The basic earnings per share for Q1 2024 was CNY 0.12, reflecting a decrease of 20.00%[2] - Total operating revenue for Q1 2024 was CNY 21,566,434,255, a decrease of 18.9% compared to CNY 26,556,723,915 in Q1 2023[19] - Net profit for Q1 2024 was CNY 1,092,162,866, down 16.4% from CNY 1,306,220,346 in Q1 2023[20] - The total operating cost for Q1 2024 was CNY 23,060,417,964, down 18.2% from CNY 28,188,485,021 in Q1 2023[19] - The company reported investment income of CNY 1,844,213,711 in Q1 2024, a decrease of 37.7% from CNY 2,954,518,144 in Q1 2023[19] Cash Flow - The net cash flow from operating activities was negative at CNY -6,139,262,889, a significant decline of 731.46% compared to the previous year[5] - In Q1 2024, the cash inflow from operating activities was CNY 29.49 billion, a decrease of 20.5% compared to CNY 37.11 billion in Q1 2023[22] - The net cash flow from operating activities was -CNY 6.14 billion, compared to -CNY 738.37 million in the same period last year[22] - Cash inflow from investment activities totaled CNY 5.29 billion, down 32.4% from CNY 7.84 billion in Q1 2023[23] - The net cash flow from investment activities was -CNY 4.39 billion, slightly improved from -CNY 4.64 billion in Q1 2023[23] - Cash inflow from financing activities reached CNY 10.67 billion, an increase of 19.5% compared to CNY 8.94 billion in Q1 2023[24] - The net cash flow from financing activities was CNY 2.09 billion, up from CNY 882.57 million in the same quarter last year[24] - The company experienced a net cash decrease of -CNY 8.38 billion in Q1 2024, compared to -CNY 4.51 billion in Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 212,461,261,535, down 2.72% from the end of the previous year[2] - The company's current assets decreased from 101,110,638,069 RMB to 91,895,282,055 RMB, a decline of about 9.5%[15] - The total liabilities decreased from 77,126,948,156 RMB to 68,503,354,658 RMB, a reduction of approximately 11.3%[16] - Total liabilities decreased to CNY 86,883,808,163 as of March 31, 2024, from CNY 93,994,959,024 as of December 31, 2023, a reduction of 7.5%[17] - The company's long-term equity investments rose from 37,137,446,421 RMB to 39,062,638,379 RMB, an increase of about 5.2%[16] - Short-term borrowings increased from 11,673,725,574 RMB to 14,954,167,769 RMB, an increase of approximately 28.5%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 156,036[8] - The largest shareholder, Guangzhou Automobile Industry Group Co., Ltd., holds 52.52% of the shares[7] - Guangzhou Automobile Industry Group Co., Ltd. holds 5,508,160,069 shares, accounting for approximately 52.52% of the total share capital[11] - The number of shares held by major shareholders participating in margin financing includes 133,944,448 shares by Guangzhou Huiyin Tianyue Equity Investment Fund Management Co., Ltd.[10] Other Income and Expenses - Non-recurring gains and losses amounted to CNY 532,971,040, primarily due to government subsidies received[4] - The company reported a 510.09% increase in other income, mainly from government subsidies[5] - Research and development expenses for Q1 2024 were CNY 375,358,538, a slight decrease of 5.5% compared to CNY 397,188,956 in Q1 2023[19] - Other comprehensive income after tax for Q1 2024 was CNY 77,101,720, compared to CNY 47,658,632 in Q1 2023, an increase of 61.9%[20] Inventory and Receivables - Inventory increased from 16,720,313,161 RMB to 17,503,387,685 RMB, an increase of approximately 4.7%[15] - The company's receivables increased from 5,303,952,616 RMB to 5,551,805,242 RMB, an increase of approximately 4.7%[15] - Cash and cash equivalents decreased from 48,895,164,629 RMB to 39,509,454,127 RMB, a drop of about 19.5%[15]
广汽集团(02238) - 2024 Q1 - 季度业绩