河钢资源(000923) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,611,445,272.34, representing a 41.36% increase compared to CNY 1,139,976,600.64 in the same period last year[16] - Net profit attributable to shareholders for Q1 2024 was CNY 240,082,820.87, up 27.94% from CNY 187,656,083.92 year-on-year[16] - The net cash flow from operating activities increased by 90.12% to CNY 920,199,954.75, compared to CNY 484,018,717.80 in the previous year[16] - The company reported a 29.25% increase in net profit after deducting non-recurring gains and losses, amounting to CNY 242,273,629.16 compared to CNY 187,440,825.51 last year[16] - Total operating revenue for the current period reached ¥1,611,445,272.34, a 41.4% increase from ¥1,139,976,600.64 in the previous period[39] - Net profit attributable to the parent company was ¥240,082,820.87, representing a 28.0% increase compared to ¥187,656,083.92 in the previous period[40] - The total comprehensive income for the current period was ¥462,291,636.74, compared to a loss of ¥394,944,147.06 in the previous period[40] - Other comprehensive income after tax for the current period was ¥107,051,341.99, contrasting with a loss of ¥661,731,266.12 in the previous period[40] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 16,477,914,533.96, a 3.86% increase from CNY 15,865,352,191.38 at the end of the previous year[16] - Total assets increased to ¥16,477,914,533.96 from ¥15,865,352,191.38, representing a growth of approximately 3.85%[24] - Current liabilities rose to ¥1,169,159,862.08 from ¥1,033,293,172.69, an increase of about 13.14%[24] - Non-current liabilities totaled ¥2,656,557,347.03, slightly up from ¥2,642,153,330.58, indicating a marginal increase of about 0.55%[24] - The company reported a total equity of ¥12,652,197,324.85, reflecting stability in its financial position[24] Cash Flow - The net cash flow from financing activities amounted to a net inflow of 583,592,649.00[43] - The cash and cash equivalents at the end of the period reached 5,465,764,326.75, an increase from 4,835,217,103.07[43] - The beginning balance of cash and cash equivalents was 4,882,171,677.75, showing a growth from the previous period[43] - The impact of exchange rate changes on cash and cash equivalents was a decrease of 23,560,456.04[43] - The net cash flow from financing activities was significantly affected by a total outflow of cash for debt repayment and dividend distribution[43] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,468, with the largest shareholder, Hebei Iron and Steel Group Co., Ltd., holding 34.59%[8] Operational Insights - The company experienced a significant increase in sales scale, which contributed to the overall revenue and profit growth[19] - The company reported a decrease in accounts receivable due to the collection of overdue payments[17] - The company has no significant non-recurring gains or losses affecting its financial results[5] - Accounts receivable decreased to ¥991,167,819.43 from ¥1,365,992,618.38, a decline of about 27.47%[36] - Inventory increased significantly to ¥693,948,393.22 from ¥510,802,616.19, marking a rise of approximately 36.00%[36] - Financial expenses increased due to a decrease in exchange gains compared to the same period last year[33] - Research and development expenses were reported as zero in the current period, indicating a potential focus on other operational areas[39] - The company experienced a significant increase in sales expenses, which rose to ¥525,343,391.26 from ¥312,775,728.41 in the previous period[39] Accounting Standards - The company is set to implement new accounting standards starting in 2024, which may impact financial reporting[31] Return on Equity - The weighted average return on equity for Q1 2024 was 2.55%, an increase of 0.42% compared to 2.13% in the same period last year[16] - The company reported a basic earnings per share of ¥0.3678, up from ¥0.2875 in the previous period[40]