Financial Performance - Total revenue for the first quarter reached RMB 15,052,868,276.63, representing a year-on-year increase of 2.28%[8] - Operating income was RMB 14,801,351,538.99, reflecting a growth of 2.55% compared to the same period last year[8] - Net profit attributable to shareholders decreased by 11.12% to RMB 905,751,281.62, primarily due to a loss of RMB 238 million from fair value changes of non-monetary assets[9] - The net profit after deducting non-recurring gains and losses increased by 10.61% to RMB 1,055,684,212.95[9] - Basic and diluted earnings per share were both RMB 0.290, down 11.11% year-on-year[8] - Total comprehensive income for Q1 2024 was CNY 969,994,560.61, compared to CNY 1,080,981,488.26 in Q1 2023, indicating a decline of 10.26%[48] - The company reported a decrease in interest income to CNY 251,516,386.06 in Q1 2024 from CNY 283,724,696.18 in Q1 2023, a decline of 11.36%[41] - The company reported a significant loss in investment income of CNY -3,075,120.61 compared to a gain of CNY 80,201,788.81 in the previous year[68] - The total profit (loss) for Q1 2024 was CNY -239.24 million, down from CNY 175.03 million in Q1 2023, indicating a year-over-year decrease of approximately 236%[71] - The net loss for Q1 2024 was CNY -239.24 million, compared to a net profit of CNY 186.14 million in Q1 2023, reflecting a drastic shift in financial performance[71] Assets and Liabilities - Total assets at the end of the reporting period were RMB 128,378,372,649.13, an increase of 6.00% from the end of the previous year[9] - Shareholders' equity attributable to the company was RMB 38,152,233,480.99, up 2.44% from the previous year[9] - Total current assets amounted to RMB 80.471 billion, an increase from RMB 75.689 billion as of December 31, 2023[31] - The company's total assets reached RMB 128.378 billion as of March 31, 2024, up from RMB 121.108 billion at the end of 2023[32] - Total liabilities increased to RMB 86.126 billion as of March 31, 2024, compared to RMB 79.888 billion at the end of 2023[36] - The company's long-term borrowings increased to RMB 1.682 billion as of March 31, 2024, from RMB 1.383 billion at the end of 2023[36] - The total equity attributable to shareholders was RMB 38.152 billion as of March 31, 2024, compared to RMB 37.245 billion at the end of 2023[38] - The company's total current liabilities decreased to CNY 14,599,591,262.98 from CNY 15,166,342,752.36, a reduction of about 3.8%[64] Cash Flow - The net cash flow from operating activities was RMB 1,240,643,938.05, with no year-on-year comparison available[8] - Cash flow from operating activities increased significantly, with cash received from sales rising by RMB 2.913 billion year-on-year[19] - Operating cash inflow for Q1 2024 was CNY 16,542,886,442.64, a significant increase from CNY 9,042,633,552.84 in Q1 2023, representing an increase of approximately 83.5%[51] - Net cash flow from operating activities for Q1 2024 was CNY -2.67 billion, compared to CNY -4.51 billion in Q1 2023, showing an improvement in cash flow despite ongoing losses[74] - The company reported cash outflows for investing activities of CNY 174.81 million in Q1 2024, with no cash outflows recorded in Q1 2023, indicating new investment initiatives[76] - The company reported a cash and cash equivalents balance of CNY 13,971,394,403.64 at the end of Q1 2024, up from CNY 12,059,318,054.16 at the end of Q1 2023[57] Operational Metrics - In Q1 2024, the company's power generation equipment production reached 10.2041 million kW, including 8.9870 million kW from steam turbines and 0.9371 million kW from wind turbines[28] - The company secured new orders worth RMB 26.329 billion in Q1 2024, representing a 16.42% increase year-over-year, with clean and efficient energy equipment accounting for 42.25% of the total[28] - Research and development expenses increased to CNY 612,618,396.59 in Q1 2024, compared to CNY 518,969,374.40 in Q1 2023, marking a rise of 17.99%[41] - The company's operating revenue for Q1 2024 was CNY 2,539,214,276.17, a decrease of 49.3% compared to CNY 5,000,081,918.42 in Q1 2023[68] - The company experienced a net increase in customer loans and advances of CNY -309,857,567.66 in Q1 2024, an improvement from CNY -1,622,287,774.68 in Q1 2023, reflecting better credit management[53]
东方电气(01072) - 2024 Q1 - 季度业绩