HZIS(600126)2024-04-26 07:38Financial Performance - The company's total operating revenue for Q1 2024 was ¥16,043,489,318.18, representing a 28.47% increase compared to ¥12,488,093,003.88 in Q1 2023[17] - The net profit attributable to shareholders of the listed company was ¥34,144,600.49, reflecting a 7.14% increase year-on-year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,385,186.82, showing a significant increase of 162.53% compared to the previous year[23] - The company reported a total operating cost of ¥16,029,302,717.19, up from ¥12,436,313,885.60 in the same period last year[17] - The total revenue for the period was 54,121,203.16, an increase from 48,761,908.67 in the previous period, representing a growth of approximately 2.8%[45] - Net profit for the period reached 33,227,157.34, compared to 32,288,394.58 in the previous period, indicating a slight increase of about 2.9%[45] - The profit attributable to shareholders of the parent company was 34,144,600.49, up from 31,867,859.66, reflecting a growth of approximately 7.1%[45] - The company reported a total comprehensive income of 25,972,529.84, down from 32,288,394.58, reflecting a decline of about 19.5%[45] Assets and Liabilities - The company's total assets increased by 5.74% to ¥32,991,987,628.91 from ¥31,201,453,541.29 at the end of the previous year[7] - As of March 31, 2024, the total current assets amounted to ¥18,259,824,928.42, an increase of 11.5% from ¥16,374,830,583.36 on December 31, 2023[32] - Total liabilities reached ¥12,724,716,634.71, an increase of 15.8% from ¥10,992,547,572.46[34] - The total assets as of March 31, 2024, were ¥32,991,987,628.91, up from ¥31,201,453,541.29, reflecting a growth of 5.7%[34] - The equity attributable to shareholders increased to ¥20,225,943,546.08 from ¥20,198,161,077.56, a slight rise of 0.14%[44] - The total non-current assets slightly decreased to ¥14,732,162,700.49 from ¥14,826,622,957.93, a decline of 0.6%[33] Cash Flow - The cash flow from operating activities showed a net outflow of ¥2,164,937,438.35, which is not comparable to the previous year[23] - The company’s cash inflow from operating activities totaled ¥19,367,761,656.06, compared to ¥15,747,798,334.10 in Q1 2023[20] - Net cash flow from operating activities decreased by 646.73 million yuan, attributed to a significant increase in cash paid for goods and services[27] - The net cash flow from investing activities increased by 53.59%, mainly due to the disposal of equity interests in associated companies[27] - The net cash flow from financing activities was 491,232,978.41, compared to 951,630,908.78 in the previous period, showing a decline of about 48.3%[47] Receivables and Impairments - Accounts receivable increased by 66.01%, primarily due to the expansion of subsidiaries' operations, leading to higher receivables[26] - Other receivables increased by 140.50%, primarily due to increased performance bonds from subsidiaries[27] - The total amount of notes receivable increased by 126.13%, mainly due to an increase in notes received from sales[26] - Credit impairment losses increased by 59.85%, reflecting a rise in the total balance of accounts receivable and notes receivable[27] Investments and R&D - Investment income rose by 658.17%, mainly due to an increase in dividends received from associated companies amounting to 45.72 million yuan[27] - The company’s research and development expenses for the quarter were ¥99,792,475.99, slightly up from ¥98,018,764.98 in the previous year[17] - The company reported a significant increase in investment activities, with cash outflows totaling 275,083,907.45, compared to 188,884,942.41 in the previous period, marking a rise of about 45.6%[47] Shareholder Information - The number of shares held by the top ten shareholders includes 1.53 billion shares held by Hangzhou Steel Group, accounting for 45.23%[29] Other Financial Metrics - The weighted average return on net assets rose by 0.01 percentage points to 0.17% at the end of the reporting period[7] - The company received government subsidies amounting to ¥26,635,689.58, which are closely related to its normal business operations[7] - The cash and cash equivalents decreased to ¥5,897,654,884.16 from ¥7,652,867,322.91, representing a decline of 22.9%[32] - Inventory increased to ¥6,251,227,494.54, a growth of 17.8% compared to ¥5,303,940,625.11[33] - The company reported a decrease in other comprehensive income to -¥7,254,627.50 from -¥95,212.50, indicating a significant change in financial performance[44] - The company experienced a foreign exchange impact on cash and cash equivalents amounting to 6,688,381.96, compared to 33,261,990.01 in the previous period, a decrease of approximately 79.9%[47] - The basic and diluted earnings per share remained stable at 0.01 for both periods[45] - The company plans to continue its investment strategy, focusing on expanding its fixed assets and long-term assets to enhance operational capacity[47]