中航重机(600765) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,648,296,228.46, representing a year-on-year increase of 13.16%[4] - The net profit attributable to shareholders for Q1 2024 was CNY 321,443,233.05, reflecting an 18.80% increase compared to the same period last year[4] - The basic earnings per share for Q1 2024 was CNY 0.22, which is a 22.22% increase year-on-year[4] - Total operating revenue for Q1 2024 reached ¥2,648,296,228.46, an increase of 13.2% compared to ¥2,340,312,740.05 in Q1 2023[18] - The company reported a total profit of CNY 394,375,548.82 for Q1 2024, compared to CNY 340,392,109.68 in Q1 2023, marking an increase of about 15.9%[20] - The total comprehensive income for Q1 2024 was CNY 338,789,229.11, an increase from CNY 286,609,294.97 in Q1 2023, indicating a growth of about 18.2%[21] Revenue Breakdown - Civil aviation revenue grew by 146.26% year-on-year, with a gross margin increase of 10.44 percentage points[9] - Non-aviation civil product revenue increased by 36.05% year-on-year, with a gross margin improvement of 1.31 percentage points[9] - Total revenue from operating activities for Q1 2024 reached CNY 1,605,030,167.61, compared to CNY 1,134,025,263.15 in Q1 2023, indicating a year-over-year increase of about 41.5%[22] Costs and Expenses - Total operating costs for Q1 2024 were ¥2,209,292,015.98, up from ¥1,920,501,586.29 in Q1 2023, reflecting a year-over-year increase of 15.1%[18] - The company incurred financial expenses of CNY 11,479,774.00 in Q1 2024, down from CNY 18,131,972.33 in Q1 2023, showing a decrease of approximately 36.7%[20] - The company’s sales expenses for Q1 2024 were CNY 20,503,288.32, compared to CNY 13,782,509.31 in Q1 2023, reflecting an increase of about 48.8%[20] Cash Flow and Liquidity - Cash and cash equivalents as of March 31, 2024, amounted to ¥4,799,111,122.21, a decrease of 7.5% from ¥5,191,717,102.91 at the end of 2023[15] - The net cash flow from operating activities for Q1 2024 was -CNY 287,704,341.16, an improvement from -CNY 515,873,077.26 in Q1 2023[22] - The net cash flow from investing activities was -$134,949,871.15, compared to -$110,524,205.58 in the previous period[23] - The net cash flow from financing activities was $33,604,705.79, a decrease from $116,776,195.97 in the prior period[23] - The cash and cash equivalents at the end of the period were $4,757,401,067.79, down from $5,192,475,739.47[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 25,851,237,523.01, an increase of 1.66% from the end of the previous year[5] - Total liabilities amounted to ¥13,098,843,536.59 as of March 31, 2024, compared to ¥13,174,266,514.03 at the end of 2023[17] - The company's equity attributable to shareholders increased to ¥11,968,348,743.14 from ¥11,488,100,575.59 at the end of 2023[17] Strategic Initiatives - The company has initiated 16 lean management projects to optimize manufacturing processes and enhance production efficiency[9] - The acquisition of Hongshan Company has transitioned smoothly, with ongoing efforts to obtain key production and supplier qualifications[9] - The fundraising projects initiated in 2018 have been completed as planned and are now in production, achieving expected benefits[9] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[18] Research and Development - Research and development expenses for Q1 2024 amounted to CNY 128,802,583.71, up from CNY 113,411,571.02 in Q1 2023, reflecting a growth of approximately 13.6%[20] Other Financial Metrics - The weighted average return on equity increased by 0.19 percentage points to 2.76%[5] - The company reported a net profit margin improvement, with net profit for Q1 2024 reflecting a positive trend compared to the previous year[18] - The company reported a net investment loss of CNY -5,719,301.45 in Q1 2024, a significant decline from a profit of CNY 7,098,695.75 in Q1 2023[20] - The impact of exchange rate changes on cash and cash equivalents was $182,732.05, contrasting with -$2,502,562.42 in the previous period[23] - The company did not apply new accounting standards or interpretations starting in 2024[24]