2024-04-29 09:15Financial Performance - The company's operating revenue for Q1 2024 was CNY 5,725,831,610.97, representing a year-on-year increase of 6.73%[4] - Net profit attributable to shareholders was CNY 759,878,695.37, reflecting a significant increase of 48.57% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was CNY 760,078,576.19, up by 51.89% year-on-year[4] - The basic earnings per share (EPS) was CNY 0.32, an increase of 35.57% from the previous year[4] - Total revenue for Q1 2024 reached RMB 5,725,831,610.97, an increase of 6.73% compared to RMB 5,364,942,648.25 in Q1 2023[16] - Net profit for Q1 2024 was RMB 758,632,164.14, up 48.36% from RMB 511,450,441.35 in Q1 2023[16] - Operating profit increased to RMB 860,678,127.47, a rise of 53.67% from RMB 560,029,029.94 in the same period last year[16] - Basic and diluted earnings per share for Q1 2024 were both RMB 0.32, up from RMB 0.24 in Q1 2023[17] - Total comprehensive income for Q1 2024 was RMB 731,751,585.42, compared to RMB 494,160,055.41 in Q1 2023[17] - The company reported a decrease in financial expenses to RMB 99,200,203.36 from RMB 126,609,261.84 in Q1 2023[16] Assets and Liabilities - The total assets at the end of the reporting period were CNY 43,384,237,163.54, showing a slight increase of 0.94% from the end of the previous year[5] - As of March 31, 2024, total assets amounted to CNY 43,384,237,163.54, an increase from CNY 42,981,997,983.52 as of December 31, 2023, reflecting a growth of approximately 0.94%[14] - Current assets decreased to CNY 16,495,931,322.56 from CNY 16,832,971,745.27, representing a decline of about 2.00%[14] - Total liabilities decreased to CNY 20,433,444,989.13 from CNY 20,691,087,532.36, a reduction of about 1.25%[15] - Non-current liabilities rose to CNY 12,078,822,504.42 from CNY 11,506,107,749.16, reflecting an increase of approximately 4.96%[15] - The company's equity attributable to shareholders increased to CNY 22,876,202,645.90 from CNY 22,215,074,391.42, marking a growth of about 2.97%[15] Cash Flow - The cash flow from operating activities was CNY 600,981,736.90, which decreased by 224.97% compared to the previous year[4] - Cash flow from operating activities generated RMB 600,981,736.90, a significant improvement from a negative cash flow of RMB (480,910,166.55) in Q1 2023[19] - Cash and cash equivalents were reported at CNY 5,896,681,070.94, down from CNY 6,616,387,667.80, indicating a decrease of approximately 10.90%[14] - Cash and cash equivalents at the end of Q1 2024 totaled RMB 4,719,154,245.28, compared to RMB 2,395,134,873.36 at the end of Q1 2023[20] Inventory and Assets Changes - Inventory decreased to CNY 1,527,542,303.74 from CNY 2,001,439,456.08, indicating a decline of approximately 23.66%[14] - The company reported a significant increase in intangible assets, rising to CNY 6,581,957,934.20 from CNY 3,279,561,250.53, which is an increase of about 100.00%[14] - The company has seen a 39.71% increase in other current assets, primarily due to an increase in deductible VAT[7] - Accounts receivable increased to CNY 4,150,245,137.92 from CNY 3,685,519,572.47, showing a growth of around 12.66%[14] Business Operations - The company reported a significant increase in photovoltaic glass sales volume, contributing to the rise in net profit[8] - The company is advancing projects related to photovoltaic glass production lines, which is expected to enhance future revenue streams[7] - Research and development expenses were RMB 160,219,492.71, slightly up from RMB 157,495,810.85 in Q1 2023[16] - The company did not execute any mergers or acquisitions during the reporting period[18]