Financial Performance - The company's operating revenue for Q1 2024 reached RMB 4,939,574,415.59, representing a year-on-year increase of 39.11%[2] - Net profit attributable to shareholders was RMB 446,665,771.23, reflecting a growth of 12.22% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 229,945,650.05, which decreased by 38.42% year-on-year[2] - Operating profit for Q1 2024 was RMB 496.39 million, an increase of 10.7% compared to RMB 448.47 million in Q1 2023[23] - Net profit for Q1 2024 reached RMB 446.67 million, up 12.2% from RMB 398.03 million in Q1 2023[23] - Total comprehensive income for Q1 2024 was RMB 412.34 million, a significant increase of 45.4% from RMB 283.38 million in Q1 2023[24] - Basic and diluted earnings per share for Q1 2024 were both RMB 0.0330, compared to RMB 0.0294 in Q1 2023[24] Cash Flow - The net cash flow from operating activities amounted to RMB 355,466,867.00, an increase of 39.99% from the previous year[2] - Cash flow from operating activities for Q1 2024 was RMB 355.47 million, an increase from RMB 253.92 million in Q1 2023[26] - Cash inflow from investment activities in Q1 2024 was RMB 1.92 billion, slightly down from RMB 1.99 billion in Q1 2023[27] - Cash outflow from financing activities in Q1 2024 was RMB 9.99 billion, a decrease from RMB 18.78 billion in Q1 2023[27] - The net cash flow from financing activities for Q1 2024 was -RMB 2.21 billion, an improvement from -RMB 8.12 billion in Q1 2023[27] - The ending cash and cash equivalents balance for Q1 2024 was RMB 12.31 billion, compared to RMB 8.47 billion at the end of Q1 2023[27] Assets and Liabilities - Total assets at the end of the reporting period were RMB 125,301,085,387.09, showing a decrease of 0.50% from the end of the previous year[3] - As of March 31, 2024, current assets totaled 22,536,787,254.86 RMB, slightly down from 22,621,615,867.02 RMB on December 31, 2023[13] - Long-term receivables decreased from 28,491,376,023.91 RMB to 28,061,097,749.49 RMB, indicating a decline of approximately 1.51%[14] - Total liabilities decreased to CNY 95,605,047,568.84 from CNY 96,647,311,903.90, indicating a reduction of 1.08%[16] - As of March 31, 2024, the total assets of the company amounted to RMB 67,471,643,907.58, a decrease from RMB 68,462,380,563.47 as of December 31, 2023, reflecting a decline of approximately 1.45%[29] - The company's current assets decreased to RMB 7,496,408,211.38 from RMB 8,395,564,158.97, representing a decline of about 10.70%[28] Shareholder Information - The company had a total of 277,685 common shareholders at the end of the reporting period[7] - The top shareholder, China Ocean Shipping Group Co., Ltd., held 4,628,015,690 shares, representing 34.09% of the total shares[8] - China Shipping Group Co., Ltd. directly holds 4,628,015,690 A shares, accounting for 34.09% of the total share capital[10] - The total shares held by China Shipping Group Co., Ltd. and related entities amount to 6,123,503,998 shares, representing 45.11% of the total share capital[10] Operational Insights - The increase in operating revenue was primarily driven by a recovery in container market demand and growth in container sales[6] - The company continues to focus on expanding its market presence and enhancing its operational strategies[10] - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[19] - The company plans to continue its investment in technology and innovation to improve operational efficiency and customer satisfaction[19] Other Financial Metrics - The company's financial expenses in Q1 2024 were RMB 114,923,020.50, a decrease from RMB 152,027,930.36 in Q1 2023, showing a reduction of about 24.48%[33] - The company's investment income for Q1 2024 was RMB 183,145,425.40, up from RMB 103,612,317.84 in Q1 2023, representing an increase of approximately 76.73%[33] - The total equity remained stable at RMB 39,361,176,617.71, slightly down from RMB 39,381,620,363.37, indicating a marginal decrease of approximately 0.05%[32] - In Q1 2024, the total comprehensive income amounted to -21,242,376.44 RMB, compared to -13,518,691.65 RMB in Q1 2023, indicating a decline in overall performance[34]
中远海发(02866) - 2024 Q1 - 季度业绩