中孚实业(600595) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 5,182,180,353.54, representing a year-on-year increase of 28.19%[3] - The net profit attributable to shareholders for Q1 2024 was CNY 43,725,056.69, a decrease of 78.07% compared to the same period last year[3] - Basic and diluted earnings per share were both CNY 0.01, reflecting an 80.00% decrease from the previous year[3] - The net profit for Q1 2024 is reported at ¥38,872,330.88, a decrease from ¥245,439,413.06 in the same period last year, reflecting a decline of approximately 84.2%[49] - The total profit for Q1 2024 stands at ¥53,847,636.50, down from ¥296,409,703.44 year-over-year, indicating a decrease of about 81.8%[49] - The net profit for Q1 2024 was ¥57,945,431.97, up from ¥30,353,289.79 in Q1 2023, representing an increase of 90.9%[60] Cash Flow - The net cash flow from operating activities was CNY 79,115,358.73, down 73.05% year-on-year[3] - Cash inflow from operating activities for Q1 2024 was CNY 4,099,874,278.97, a decrease of 4.25% compared to CNY 4,281,381,254.71 in Q1 2023[25] - The company reported a net cash outflow from operating activities of CNY 125,430,503.75 for Q1 2024, an improvement from a net outflow of CNY 475,988,871.92 in Q1 2023[36] - The cash inflow from sales of goods and services in Q1 2024 was CNY 3,315,949,630.87, up from CNY 2,579,918,449.66 in Q1 2023, reflecting an increase of 28.59%[36] - The total cash outflow from operating activities in Q1 2024 was CNY 3,473,678,114.54, compared to CNY 3,086,317,125.73 in Q1 2023, marking an increase of 12.55%[36] - The net cash flow from financing activities for Q1 2024 is ¥36,775,002.86, compared to ¥5,648,854.07 in the previous year, showing an increase of approximately 551.5%[52] Assets and Liabilities - The total assets at the end of the reporting period were CNY 23,424,600,181.11, an increase of 1.34% from the end of the previous year[3] - Total assets as of Q1 2024 amounted to CNY 15,722,688,745.59, an increase of 2.94% from CNY 15,272,035,299.08 in Q1 2023[30] - Total liabilities increased to CNY 5,442,565,701.93 in Q1 2024, up from CNY 5,060,526,449.89 in Q1 2023, representing a growth of 7.54%[30] - The company's total equity reached CNY 10,280,123,043.66 in Q1 2024, compared to CNY 10,211,508,849.19 in Q1 2023, indicating a rise of 0.67%[31] - The total liabilities have increased to ¥8,223,428,781.15 in Q1 2024 from ¥7,963,262,142.43 in the previous year, representing a rise of about 3.3%[46] - The company's total liabilities as of March 31, 2024, were approximately RMB 18.69 billion, up from RMB 17.15 billion at the end of 2023, indicating an increase of about 8.97%[80] Operational Efficiency - The increase in accounts receivable was 37.82%, primarily due to increased sales of aluminum deep processing products[5] - The operating costs rose by 40.81%, mainly due to increased electricity prices at subsidiaries[5] - Other income surged by 310.28%, largely due to increased government subsidies[5] - Investment income increased by 216.79%, attributed to higher returns from joint ventures and aluminum futures[5] - The company's net profit decline was significantly impacted by rising electricity costs and changes in billing methods due to provincial policy adjustments[15] - The company reported a significant increase in other income, which rose to ¥3,462,838.33 from ¥2,433,838.33, reflecting improved operational efficiency[60] Investments and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[60] - The company has maintained its long-term equity investments at ¥8,402,595,591.85, indicating stability in its investment strategy[60] - The company's long-term equity investments increased to approximately RMB 87.04 million as of March 31, 2024, compared to RMB 83.98 million at the end of 2023, reflecting a growth of about 3.67%[80] Research and Development - Research and development expenses for Q1 2024 were ¥4,290,835.19, slightly up from ¥4,012,396.10 in Q1 2023, indicating a focus on innovation[60]