ZJJH(600160)2024-04-25 08:35Financial Performance - The company's operating revenue for Q1 2024 reached ¥5,469,669,751.07, representing a year-on-year increase of 19.52%[4] - Net profit attributable to shareholders was ¥310,313,858.05, marking a significant increase of 103.35% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥287,967,192.37, reflecting an increase of 118.26% year-on-year[4] - Basic and diluted earnings per share were both ¥0.115, an increase of 101.75% compared to the same period last year[4] - Operating profit for Q1 2024 was ¥360,621,123.85, up from ¥168,868,502.22 in Q1 2023, representing a growth of 113.3%[23] - Net profit for Q1 2024 was ¥330,162,462.41, compared to ¥143,151,232.93 in Q1 2023, marking an increase of 130.5%[23] - The company reported a significant increase in other income, which rose to ¥24,412,629.58 in Q1 2024 from ¥9,199,135.00 in Q1 2023[23] Cash Flow - The net cash flow from operating activities was ¥464,813,800.01, up by 81.01% from the previous year[4] - The company's cash flow from operating activities for Q1 2024 showed significant improvement, although specific figures were not detailed in the provided content[25] - The net cash outflow from operating activities was 5.09 billion in Q1 2023, resulting in a net cash flow from operating activities of 256.79 million year-over-year[27] - The cash inflow from financing activities was 90 million in Q1 2023, resulting in a net cash flow from financing activities of 17.26 million in the prior year[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥26,609,405,711.37, a 13.79% increase from the end of the previous year[5] - Total assets increased to ¥26,609,405,711.37 in Q1 2024 from ¥23,383,806,879.39 in Q1 2023, reflecting a growth of 13.5%[20] - Total liabilities rose to ¥9,031,283,140.19 in Q1 2024, up from ¥7,007,125,175.12 in Q1 2023, indicating a 28.9% increase[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,280[9] - The total equity attributable to shareholders increased to ¥16,412,285,795.90 in Q1 2024 from ¥16,074,822,915.65 in Q1 2023, a rise of 2.1%[20] Investments and Acquisitions - The company completed the acquisition of Zibo Feiyuan Chemical Co., Ltd., which has been included in the consolidated financial statements[15] - The company’s goodwill surged to RMB 547,777,650.37 from RMB 16,004,611.13, indicating a substantial increase due to acquisitions[18] Operational Metrics - The increase in net profit was attributed to the rebound in refrigerant product prices and an increase in operating revenue, leading to a higher gross margin[8] - Research and development expenses for Q1 2024 were ¥215,210,004.16, a decrease of 13.0% from ¥247,497,852.55 in Q1 2023[23] Inventory and Receivables - Accounts receivable rose significantly to RMB 1,358,676,585.79 from RMB 920,560,308.29, indicating an increase of approximately 47.7%[18] - Inventory levels increased to RMB 2,557,118,098.97 from RMB 1,764,164,966.99, marking a growth of around 45%[18] - The company reported a significant increase in prepayments to RMB 493,468,046.33 from RMB 113,256,978.07, reflecting a growth of approximately 336.5%[18] Cash and Cash Equivalents - The company's cash and cash equivalents increased to RMB 1,961,306,193.14 from RMB 1,817,695,053.42, reflecting a rise of about 7.9%[17] - The total cash and cash equivalents at the end of Q1 2024 were approximately 1.60 billion at the end of Q1 2023[28]