DEC(SH:600875)2024-04-29 10:02Financial Performance - Total revenue for Q1 2024 reached ¥15,052,868,276.63, an increase of 2.28% compared to the same period last year[6] - Operating income for the same period was ¥14,801,351,538.99, reflecting a growth of 2.55% year-over-year[6] - Net profit attributable to shareholders decreased by 11.12% to ¥905,751,281.62, primarily due to a fair value loss of ¥238 million from non-monetary asset exchanges[7] - The net profit after deducting non-recurring gains and losses increased by 10.61% to ¥1,055,684,212.95[7] - Basic and diluted earnings per share were both ¥0.290, down 11.11% from the previous year[7] - The weighted average return on equity was 2.40%, a decrease of 0.47 percentage points compared to the previous year[7] - Total operating revenue for Q1 2024 reached CNY 15,052,868,276.63, an increase of 2.27% compared to CNY 14,717,057,814.50 in Q1 2023[23] - Operating income was CNY 14,801,351,538.99, up from CNY 14,432,750,706.82, reflecting a growth of 2.55% year-over-year[23] - Net profit attributable to shareholders was CNY 1,266,588,351.74, compared to CNY 1,271,007,106.68 in Q1 2023, showing a slight decrease of 0.35%[23] - In Q1 2024, the company reported a net profit of ¥985,392,571.41, a decrease of 8.9% compared to ¥1,081,476,346.18 in Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥128,378,372,649.13, an increase of 6.00% from the end of the previous year[7] - Total assets increased to CNY 128,378,372,649.13, up from CNY 121,108,373,341.62, reflecting a growth of 6.67%[21] - Total liabilities rose to CNY 86,125,773,454.79, compared to CNY 79,888,498,579.02, an increase of 7.77%[20] - Total assets decreased to approximately ¥40.43 billion from ¥41.23 billion, a decline of 1.9%[33] - Total liabilities decreased to approximately ¥14.97 billion from ¥15.54 billion, a decline of 3.6%[33] Cash Flow - The net cash flow from operating activities was ¥1,240,643,938.05, with no applicable year-over-year comparison[6] - The cash flow from operating activities increased by 2.913 billion RMB year-on-year due to better collections from sales[12] - The cash flow from investing activities decreased by 168.83 million RMB, primarily due to reduced net inflows from interbank deposits[12] - The cash flow from financing activities increased by 720.26 million RMB, with long-term borrowings from external banks rising by 299 million RMB compared to the beginning of the period[12] - The cash flow from operating activities showed a net inflow of ¥1,240,643,938.05, a significant recovery from a net outflow of ¥2,549,740,798.22 in Q1 2023[28] - The investment activities resulted in a net cash outflow of ¥1,704,617,374.77, contrasting with a net inflow of ¥2,476,731,084.24 in the previous year[28] - The total cash decrease for Q1 2024 was -2,059,466,927.47 RMB, an improvement from -3,501,664,741.73 RMB in Q1 2023, showing a reduction in overall cash depletion[39] Shareholder Information - Shareholders' equity attributable to the company was ¥38,152,233,480.99, up 2.44% from the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 99,327[14] - The company has not identified any related party relationships among the top 10 shareholders[15] Research and Development - Research and development expenses for Q1 2024 were CNY 612,618,396.59, up from CNY 518,969,374.40, indicating a growth of 18.01%[23] - Research and development expenses for Q1 2024 were approximately ¥30.04 million, down 58.2% from ¥71.74 million in Q1 2023[35] Fair Value and Other Losses - Non-recurring gains and losses totaled -¥149,932,931.33, significantly impacted by the fair value loss from the non-monetary asset exchange[10] - The company incurred a fair value loss of ¥223,635,498.10, compared to a gain of ¥33,152,618.84 in Q1 2023[24] - The company reported a fair value loss of approximately ¥237.73 million in Q1 2024, compared to a gain of ¥0.93 million in Q1 2023[36] Cash and Cash Equivalents - The company generated a total of 10.2041 million kilowatts of power generation equipment in Q1 2024, including 8.987 million kilowatts from steam turbines and 937,100 kilowatts from wind turbines[16] - The company's cash and cash equivalents as of March 31, 2024, were approximately 17.317 billion RMB, compared to 17.129 billion RMB at the end of 2023[18] - The cash and cash equivalents at the end of the period were ¥13,971,394,403.64, a decrease from ¥14,167,585,378.12 at the beginning of the quarter[29] - Cash and cash equivalents decreased to approximately ¥4.11 billion from ¥6.18 billion, a decline of 33.5%[31] - The cash and cash equivalents at the end of Q1 2024 were 4,112,853,344.15 RMB, down from 4,792,121,853.12 RMB at the end of Q1 2023, representing a decrease of approximately 14.2%[39] New Orders and Equipment - New orders amounted to 26.329 billion RMB in Q1 2024, representing a year-on-year growth of 16.42%[16] - Clean and efficient energy equipment accounted for 42.25% of new orders, while renewable energy equipment made up 25.85%[16]