NANSHAN ALUMINIUM(SH:600219)2024-04-29 07:54Financial Performance - The company's operating revenue for Q1 2024 was approximately ¥7.22 billion, representing a year-on-year increase of 5.70%[4] - The net profit attributable to shareholders for Q1 2024 was approximately ¥850.99 million, reflecting a significant increase of 63.99% compared to the same period last year[4] - The net cash flow from operating activities reached approximately ¥1.16 billion, marking a substantial increase of 273.61% year-on-year[4] - The basic earnings per share for Q1 2024 was ¥0.07, which is a 75.00% increase compared to the previous year[4] - Operating profit for Q1 2024 was ¥1,068,260,960.26, significantly up from ¥589,114,965.74 in Q1 2023, reflecting a growth of 81.3%[22] - Net profit for Q1 2024 amounted to ¥1,030,516,427.08, compared to ¥557,446,522.76 in Q1 2023, marking an increase of 84.9%[22] - The net profit attributable to shareholders of the parent company for Q1 2024 was ¥850,998,983.32, an increase from ¥518,941,066.61 in Q1 2023, representing a growth of approximately 64%[23] - The total comprehensive income for Q1 2024 was ¥925,921,843.91, compared to ¥786,552,959.00 in Q1 2023, indicating an increase of about 17.7%[23] Asset and Liability Overview - The total assets at the end of Q1 2024 were approximately ¥68.43 billion, showing a slight decrease of 0.55% from the end of the previous year[5] - Total assets decreased to ¥68,434,033,936.49 in Q1 2024 from ¥68,815,340,221.39 in Q1 2023, a decline of 0.6%[20] - Total liabilities increased to ¥15,167,558,389.86 in Q1 2024 from ¥14,787,242,625.77 in Q1 2023, an increase of 2.6%[20] - Current liabilities totaled ¥14,585,912,355.40 in Q1 2024, up from ¥14,111,783,469.94 in Q1 2023, reflecting a rise of 3.3%[20] - The company’s total equity decreased to ¥53,266,475,546.63 in Q1 2024 from ¥54,028,097,595.62 in Q1 2023, a decline of 1.4%[20] Cash Flow Analysis - The net cash flow from operating activities for Q1 2024 was ¥1,157,322,344.00, significantly up from ¥309,764,827.05 in Q1 2023[25] - The cash inflow from financing activities in Q1 2024 was ¥6,730,537,215.13, compared to ¥3,956,897,440.64 in Q1 2023, showing an increase of approximately 70%[26] - The cash and cash equivalents at the end of Q1 2024 amounted to ¥21,446,044,627.30, up from ¥15,756,875,593.41 at the end of Q1 2023, reflecting a growth of about 36%[26] - The net cash flow from investing activities for Q1 2024 was -¥133,771,841.91, slightly improved from -¥146,309,112.88 in Q1 2023[26] - The total cash outflow from financing activities in Q1 2024 was ¥7,588,596,099.31, up from ¥4,034,656,299.61 in Q1 2023, representing an increase of approximately 88%[26] - The company experienced a foreign exchange impact on cash and cash equivalents of -¥10,369,076.98 in Q1 2024, compared to a positive impact of ¥52,319,031.42 in Q1 2023[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 182,436[15] - The largest shareholder, Shandong Yili Electric Power Co., Ltd., holds 2,581,044,590 shares, accounting for 22.04% of the total shares[15] - The total number of shares held by the top ten shareholders includes 1,059,495,065 shares held by Nanshan Group Co., Ltd., representing 9.05%[16] - The total number of shares held by the top ten unrestricted shareholders is 2,581,044,590 shares, all held by Shandong Yili Electric Power Co., Ltd.[15] - The company has pledged 575,000,000 shares held by Shandong Yili Electric Power Co., Ltd.[15] Pricing and Market Conditions - The average price of domestic alumina in Q1 2024 was approximately ¥3,224 per ton, which is an increase of about 10.54% compared to the same period last year[9] - The average price of overseas alumina in Q1 2024 was approximately $368 per ton, reflecting a year-on-year increase of about 2.14%[11] - The average price of electrolytic aluminum in Q1 2024 was approximately ¥19,056 per ton, which is an increase of about 3.11% compared to the previous year[14] Research and Development - Research and development expenses for Q1 2024 were ¥330,882,077.78, slightly down from ¥341,955,972.74 in Q1 2023, a decrease of 3.2%[22] Other Financial Metrics - The weighted average return on equity for Q1 2024 was 1.84%, an increase of 0.66 percentage points year-on-year[4] - The net profit excluding non-recurring gains and losses for Q1 2024 was approximately ¥830.74 million, up 62.91% from the same period last year[4] - The company reported a financial income of ¥69,865,411.06 in Q1 2024, compared to ¥13,710,404.83 in Q1 2023, indicating a significant increase[22] - Deferred income tax assets rose to ¥272,106,212.83 in Q1 2024 from ¥250,831,818.29 in Q1 2023, an increase of 8.4%[20] - The company reported derivative financial assets of 34,887,912.00 RMB, an increase from 21,225,093.89 RMB[18] - Accounts receivable increased to 3,614,278,730.79 RMB from 3,229,021,269.48 RMB, indicating a growth of approximately 11.95%[18] - Inventory decreased to 6,147,598,423.44 RMB from 6,271,535,676.80 RMB, reflecting a decline of about 1.97%[18]