浙江新能(600032) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,172,645,832.59, representing a year-on-year increase of 12.10%[4] - The net profit attributable to shareholders for Q1 2024 was CNY 172,922,853.99, reflecting a significant increase of 42.88% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 162,015,533.04, also up by 42.76% year-on-year[4] - The basic earnings per share for Q1 2024 was CNY 0.0719, representing a year-on-year increase of 23.54%[4] - The weighted average return on equity for Q1 2024 was 1.42%, an increase of 0.03 percentage points compared to the previous year[4] - Total operating revenue for Q1 2024 reached RMB 1,172,645,832.59, an increase of 12.1% compared to RMB 1,046,055,225.84 in Q1 2023[18] - Net profit for Q1 2024 was RMB 240,776,825.63, representing a 24.9% increase from RMB 192,976,131.17 in Q1 2023[19] - Earnings per share for Q1 2024 were RMB 0.0719, compared to RMB 0.0582 in Q1 2023, reflecting a growth of 23.9%[19] Cash Flow - The net cash flow from operating activities for Q1 2024 was CNY 409,867,459.08, an increase of 9.18% compared to the previous year[4] - Cash flow from operating activities for Q1 2024 was RMB 409,867,459.08, an increase from RMB 375,416,130.85 in Q1 2023[21] - Net cash flow from investing activities was -$262.13 million, a decrease from -$818.26 million[22] - Cash inflow from financing activities totaled $1.86 billion, compared to $3.72 billion in the previous period[22] - Cash outflow from financing activities was $2.03 billion, down from $3.47 billion[22] - The net cash flow from financing activities was -$174.05 million, contrasting with a positive $247.21 million previously[22] - The ending cash and cash equivalents balance was $2.39 billion, down from $2.20 billion[22] - Cash received from borrowings amounted to $1.86 billion, compared to $3.53 billion in the prior period[22] - Cash paid for the acquisition of subsidiaries and other business units was $5.98 million, down from $48.30 million[22] - Cash paid for investments was $42.50 million, a decrease from $122.55 million[22] - Cash inflow from investment activities was $3.14 million, compared to $1.24 million previously[22] - The cash balance at the beginning of the period was $2.42 billion, slightly up from $2.40 billion[22] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 53,521,655,060.72, showing a growth of 1.12% from the end of the previous year[5] - The equity attributable to shareholders at the end of Q1 2024 was CNY 12,280,564,247.05, which is an increase of 1.52% from the previous year-end[5] - As of March 31, 2024, total assets amounted to RMB 53.52 billion, an increase from RMB 52.93 billion as of December 31, 2023, reflecting a growth of approximately 1.1%[14] - The company's current assets totaled RMB 11.37 billion, up from RMB 10.89 billion, indicating an increase of about 4.5%[14] - Long-term equity investments reached RMB 3.34 billion, compared to RMB 3.23 billion in the previous period, representing a growth of approximately 3.4%[15] - The total liabilities stood at RMB 34.98 billion, slightly up from RMB 34.65 billion, marking an increase of around 1%[16] - The total equity attributable to shareholders increased to RMB 12.28 billion, compared to RMB 12.09 billion, reflecting a growth of approximately 1.6%[16] - The company reported a decrease in short-term borrowings to RMB 1.41 billion from RMB 1.44 billion, a reduction of about 2.9%[16] Non-Recurring Gains and Expenses - The increase in net profit was primarily due to higher electricity generation from wind and hydropower projects and a decrease in financial expenses due to interest rate cuts[8] - The company reported non-recurring gains of CNY 10,907,320.95, with significant contributions from debt restructuring gains of CNY 7,543,301.03[6] - Financial expenses for Q1 2024 decreased to RMB 246,075,718.48 from RMB 268,039,235.60 in Q1 2023, a reduction of 8.2%[18] - Tax expenses for Q1 2024 were RMB 37,276,324.31, compared to RMB 20,632,884.27 in Q1 2023, indicating a significant increase[19] - Other income for Q1 2024 was RMB 2,212,868.56, a substantial rise from RMB 65,000.00 in Q1 2023[19] - The company reported a net exchange loss of RMB 61,491,109.76 in Q1 2024, an improvement from a loss of RMB 65,823,299.31 in Q1 2023[18] Business Development - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[13]