华昌化工(002274) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,976,257,608.35, a decrease of 3.23% compared to ¥2,042,232,850.47 in the same period last year[5] - Net profit attributable to shareholders increased by 18.00% to ¥242,515,475.25 from ¥205,515,946.72 year-on-year[5] - Net profit for Q1 2024 was CNY 239,520,792.44, representing an increase of 18.14% compared to CNY 202,661,393.80 in Q1 2023[20] - Earnings per share (EPS) for Q1 2024 was CNY 0.2546, up from CNY 0.2158 in the same period last year[21] - The company reported an operating profit of CNY 315,028,822.13, an increase of 15.71% from CNY 272,200,225.58 in Q1 2023[20] Cash Flow - The net cash flow from operating activities decreased by 54.19% to ¥26,728,665.36, down from ¥58,347,963.89 in the previous year[5] - The net cash flow from operating activities for Q1 2024 was ¥26,728,665.36, a decrease of 54.2% compared to ¥58,347,963.89 in Q1 2023[23] - Total cash inflow from operating activities was ¥1,299,754,169.33, up 3.4% from ¥1,257,521,318.04 in the previous year[23] - Cash outflow from operating activities totaled ¥1,273,025,503.97, an increase of 6.2% compared to ¥1,199,173,354.15 in Q1 2023[23] - The net cash flow from investing activities was ¥128,985,842.42, a significant improvement from a negative cash flow of ¥19,499,506.60 in the same period last year[23] - Cash inflow from investing activities reached ¥247,932,197.44, compared to ¥70,013,132.93 in Q1 2023, marking an increase of 253.4%[23] - Cash outflow from investing activities was ¥118,946,355.02, up 32.9% from ¥89,512,639.53 in the previous year[23] - The net cash flow from financing activities was -¥97,727,720.84, a decline from a positive cash flow of ¥38,021,349.42 in Q1 2023[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,333,833,293.21, a slight increase of 0.02% from ¥8,332,241,141.19 at the end of the previous year[5] - The total liabilities decreased to CNY 2,538,312,995.91 from CNY 2,786,295,146.36, reflecting a reduction of 8.91%[19] - The company's total equity increased to CNY 5,795,520,297.30, up from CNY 5,545,945,994.83, indicating a growth of 4.49%[19] Shareholder Information - The company reported a total of 60,221 common shareholders at the end of the reporting period[15] - The largest shareholder, Suzhou Warner Investment Co., Ltd., holds 28.88% of shares, totaling 275,059,519 shares[15] - Jiangsu Huachang (Group) Co., Ltd. is the second-largest shareholder with an 11.99% stake, totaling 114,209,198 shares, of which 13,915,516 shares are frozen[15] Operating Costs and Expenses - Total operating costs decreased to CNY 1,683,549,325.97, down 6.92% from CNY 1,808,777,414.93 in the previous year[20] - Research and development expenses increased to CNY 26,354,306.46, up 74.00% from CNY 15,145,833.52 in the previous year[20] - Financial expenses decreased significantly to CNY 1,651,192.97, down 63.24% from CNY 4,492,132.39 in Q1 2023[20] Investment Activities - The company reported a significant increase of 761.48% in net cash flow from investing activities, totaling ¥12,898.58 million, compared to a decrease in the previous year[12] - Investment income for Q1 2024 was CNY 22,355,348.10, slightly up from CNY 22,097,591.89 in the previous year[20] Other Financial Metrics - The weighted average return on equity rose to 4.33%, up from 4.03% in the same period last year, reflecting improved profitability[5] - The balance of accounts receivable decreased by 5.72% to ¥132,678,900, while the balance of accounts payable decreased by 12.41% to ¥426,459,100[9][10] - The company experienced a 100% reduction in long-term borrowings, with the balance dropping to zero, indicating a shift in financing strategy[11] - The company reported a total of ¥14,615,113.09 in non-recurring gains for the period, after accounting for tax impacts and minority interests[6]