Huading Nylon(SH:601113)2024-04-28 07:47Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,084,576,926.97, representing a 16.64% increase compared to CNY 1,787,205,766.50 in the same period last year[3]. - Net profit attributable to shareholders reached CNY 80,575,777.84, a significant increase of 1,518.32% from CNY 4,978,963.50 in the previous year[3]. - Basic and diluted earnings per share were both CNY 0.07, reflecting a 1,300% increase from CNY 0.005 in the same period last year[4]. - The company reported a significant increase in the profitability of its nylon segment, contributing to the overall net profit growth[8]. - The net profit attributable to shareholders increased by 1518.32% year-over-year, primarily due to higher profitability in the nylon segment[12]. - The net profit excluding non-recurring gains and losses surged by 3480.1% year-over-year[12]. - Net profit for Q1 2024 was ¥79,498,129.41, compared to ¥2,397,095.30 in Q1 2023, representing a significant increase[20]. - The company's net profit for Q1 2024 reached CNY 113,969,145.88, a significant increase from CNY 4,621,784.09 in Q1 2023, representing a growth of approximately 2,367%[32]. Cash Flow - The cash flow from operating activities was CNY 111,738,675.85, a decrease of 26.20% compared to CNY 151,402,034.63 in the previous year[4]. - Cash inflow from operating activities in Q1 2024 was ¥2,072,868,053.93, compared to ¥1,629,254,354.52 in Q1 2023, indicating a growth of 27.2%[23]. - The net cash flow from financing activities in Q1 2024 was negative at CNY -79,728,290.05, compared to a positive CNY 246,619,088.31 in Q1 2023, indicating a shift in financing strategy[35]. - The cash inflow from financing activities was CNY 302,113,000.41, down from CNY 476,000,000.00 in the previous year[25]. - The cash outflow from investing activities was CNY 110,908,908.95, compared to CNY 72,884,427.89 in the previous year, resulting in a net cash flow from investing activities of -CNY 78,247,176.48[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,328,168,456.34, showing a slight increase of 0.01% from CNY 6,327,603,346.21 at the end of the previous year[4]. - The company's total liabilities decreased to ¥2,933,046,573.84 in Q1 2024 from ¥3,011,979,593.12 in Q1 2023, a reduction of 2.6%[18]. - Total assets reached ¥6,328,168,456.34, slightly up from ¥6,327,603,346.21 at the end of 2023[16]. - The total liabilities decreased to CNY 1,767,606,920.31 from CNY 1,810,350,158.23 in the previous period[29]. - The company's total equity increased to ¥3,395,121,882.50 in Q1 2024 from ¥3,315,623,753.09 in Q1 2023, reflecting a growth of 2.4%[18]. - The company's equity attributable to shareholders was CNY 3,376,544,059.35, which is a 2.44% increase from CNY 3,295,968,281.51 at the end of the previous year[4]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,510[10]. - The largest shareholder, True Love Group Co., Ltd., held 107,377,265 shares, accounting for 9.72% of the total shares[10]. Research and Development - Research and development expenses for Q1 2024 were ¥41,037,285.62, slightly down from ¥43,995,906.36 in Q1 2023, a decrease of 6.7%[19]. - Research and development expenses for Q1 2024 were CNY 15,817,763.47, slightly lower than CNY 16,042,602.00 in Q1 2023[31]. Investment Income - The company reported an investment income of CNY 70,000,000.00 in Q1 2024, significantly higher than CNY 233,669.48 in the same period last year[31].