华阳股份(600348) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥6,158,063,562.01, representing a decrease of 26.51% compared to the same period last year[4] - The net profit attributable to shareholders was ¥867,321,520.82, down 49.78% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥779,953,016.58, reflecting a decline of 54.64% compared to the previous year[4] - Basic earnings per share were ¥0.24, down 50.00% year-on-year[4] - The weighted average return on equity was 3.06%, a decrease of 3.48 percentage points compared to the previous year[4] - Total operating revenue for Q1 2024 was ¥6,158,063,562.01, a decrease of 26.4% compared to ¥8,379,217,465.19 in Q1 2023[19] - Net profit for Q1 2024 was ¥933,800,325.27, a decline of 50.7% from ¥1,892,161,055.91 in Q1 2023[20] - Earnings per share for Q1 2024 was ¥0.24, compared to ¥0.48 in Q1 2023, indicating a 50% decrease[20] - The company reported a credit impairment loss of ¥111,172,636.07 in Q1 2024, compared to ¥64,592.00 in Q1 2023[19] - The company reported a significant increase in credit impairment losses by 172,015.18% due to the recovery of long-term receivables[7] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥426,478,657.08, a decrease of 140.53% year-on-year[4] - In Q1 2024, the company reported a net cash flow from operating activities of -426,478,657.08 RMB, a significant decrease compared to 1,052,184,624.13 RMB in Q1 2023[22] - Total cash inflow from operating activities was 6,643,369,231.69 RMB, down from 7,664,481,317.20 RMB in the same period last year, indicating a decline of approximately 13.3%[22] - Cash outflow from operating activities increased to 7,069,847,888.77 RMB, compared to 6,612,296,693.07 RMB in Q1 2023, representing an increase of about 6.9%[22] - The company's cash and cash equivalents at the end of Q1 2024 stood at 14,092,253,532.09 RMB, compared to 16,840,394,421.40 RMB at the end of Q1 2023, indicating a decrease of approximately 16.4%[23] - The net cash flow from financing activities was 2,872,952,354.66 RMB, a significant increase from 231,511,997.02 RMB in the previous year[23] - The net increase in cash and cash equivalents for Q1 2024 was ¥1,505,395,144.66, compared to a decrease of ¥499,025,493.98 in Q1 2023[30] - The ending balance of cash and cash equivalents reached ¥9,642,950,368.37, down from ¥11,843,007,162.89 at the end of Q1 2023[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥73,421,943,060.35, an increase of 2.59% from the end of the previous year[5] - The total assets as of March 31, 2024, amounted to RMB 73.42 billion, an increase from RMB 71.57 billion as of December 31, 2023[17] - The company's total liabilities decreased to ¥38,142,522,016.73 in Q1 2024 from ¥39,404,567,581.73 in Q1 2023, a reduction of 3.2%[18] - The total current liabilities decreased to RMB 23.44 billion from RMB 25.91 billion, a reduction of approximately 9.5%[17] - The total non-current liabilities increased to RMB 12.28 billion from RMB 11.04 billion, marking an increase of approximately 11.3%[17] - The company's total assets increased to ¥47,356,565,867.91 in Q1 2024, compared to ¥45,263,242,455.77 in Q1 2023, reflecting a growth of 4.6%[25] - The total liabilities decreased to ¥24,048,489,513.46 in Q1 2024 from ¥24,763,683,184.83 in Q1 2023, a reduction of 2.9%[25] - The company's total equity increased to ¥23,308,076,354.45 in Q1 2024, up from ¥20,499,559,270.94 in Q1 2023, representing a growth of 13.7%[26] Investments and Expenses - Research and development expenses rose to ¥73,037,117.70 in Q1 2024, up 97.5% from ¥36,883,229.67 in Q1 2023[19] - The company invested 1,192,046,002.28 RMB in fixed assets and intangible assets, up from 709,574,202.40 RMB in Q1 2023, marking an increase of approximately 67.8%[23] - Research and development expenses rose to ¥70,253,820.25 in Q1 2024, an increase of 94.2% compared to ¥36,185,419.04 in Q1 2023[27] - Cash paid for purchasing goods and services increased to ¥2,018,606,945.46, compared to ¥1,414,524,770.83 in the same quarter last year[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 102,267[8] - Total equity attributable to shareholders increased to ¥30,894,134,640.67 in Q1 2024 from ¥27,863,439,319.87 in Q1 2023, an increase of 10.9%[18]