CCTC(300408)2024-04-26 17:54Revenue and Profit Growth - Revenue for the first quarter of 2024 reached 1,563,615,326.25 yuan, a 31.49% increase compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was 432,978,973.88 yuan, up 35.31% year-on-year[4] - Total operating revenue for Q1 2024 reached 1,563,615,326.25 RMB, a 31.5% increase compared to 1,189,111,190.10 RMB in the same period last year[17] - Net profit attributable to parent company owners rose to 9,421,394,875.76 RMB in Q1 2024, a 4.8% increase from 8,988,415,901.88 RMB in the previous quarter[16] - Net profit attributable to parent company owners reached 432.98 million yuan, an increase of 35.3% compared to the same period last year[18] - Basic earnings per share (EPS) stood at 0.23 yuan, a 35.3% increase from the previous year's 0.17 yuan[19] - Total comprehensive income amounted to 404.84 million yuan, a 25% increase compared to the same period last year[19] Cash Flow and Financial Position - Net cash flow from operating activities decreased by 41.59% to 185,462,016.30 yuan compared to the same period last year[4] - The company's monetary funds increased by 80.35% to 5,124,812,459.95 yuan due to reduced cash management activities and increased fixed deposits[8] - The company's monetary funds increased to 5,124,812,459.95 yuan at the end of the period, up from 2,841,614,932.78 yuan at the beginning of the period[14] - Operating cash flow decreased to 185.46 million yuan, down 41.6% year-over-year[20] - Investment cash flow increased significantly to 1.53 billion yuan, up 58.4% compared to the previous year[21] - Cash and cash equivalents at the end of the period totaled 3.17 billion yuan, representing a 44.5% increase from the beginning of the period[21] - Investment activities saw a significant cash inflow of 4.64 billion yuan, primarily from investment recoveries[20] Assets and Liabilities - Total assets as of the end of the reporting period were 22,281,418,001.30 yuan, a 2.08% increase from the end of the previous year[4] - Construction in progress increased by 41.66% to 964,969,488.63 yuan, reflecting increased fixed asset investments[8] - The company's trading financial assets decreased to 1,727,101,967.24 yuan at the end of the period, down from 3,846,708,140.73 yuan at the beginning of the period[14] - The company's accounts receivable decreased to 1,600,191,241.48 yuan at the end of the period, down from 1,626,598,024.69 yuan at the beginning of the period[14] - The company's inventory increased to 1,834,223,282.43 yuan at the end of the period, up from 1,753,597,800.43 yuan at the beginning of the period[14] - The company's total current assets increased to 11,588,147,901.84 yuan at the end of the period, up from 11,279,379,166.96 yuan at the beginning of the period[14] - Fixed assets grew to 4,955,034,763.58 RMB in Q1 2024, up 2.9% from 5,102,682,460.56 RMB in the previous quarter[15] - Construction in progress surged to 964,969,488.63 RMB in Q1 2024, a 41.7% increase from 681,202,872.22 RMB in the previous quarter[15] - Total assets reached 22,281,418,001.30 RMB in Q1 2024, a 2.1% increase from 21,826,964,874.91 RMB in the previous quarter[15] - Total liabilities stood at 3,637,479,756.09 RMB in Q1 2024, a 1.4% increase from 3,587,864,384.36 RMB in the previous quarter[16] - Short-term borrowings increased to 878,613,910.87 RMB in Q1 2024, up 18.7% from 740,534,732.83 RMB in the previous quarter[15] - Other non-current assets reached 3,733,654,761.92 RMB in Q1 2024, a 0.6% increase from 3,712,127,332.09 RMB in the previous quarter[15] - The company's total assets increased by 15.6% compared to the beginning of the year, reaching 12.97 billion yuan[21] Shareholder and Equity Information - The top shareholder, Chaozhou Sanjiang Investment Co., Ltd., holds 33.67% of the company's shares[9] - The number of ordinary shareholders at the end of the reporting period was 28,046[9] - The company's restricted shares totaled 46,689,354.00 shares at the end of the period, with 225.00 shares added during the period[13] - The company's largest shareholder, Chaozhou Sanjiang Investment Co., Ltd., held 645,357,856.00 shares of unrestricted shares[10] - The company's second-largest shareholder, Hong Kong Securities Clearing Company Ltd., held 119,271,455.00 shares of unrestricted shares[10] - The company's third-largest shareholder, China Securities Finance Corporation, held 27,502,680.00 shares of unrestricted shares[10] - The company's fourth-largest shareholder, Xu Ruiying, held 19,676,480.00 shares of unrestricted shares[10] Operating Costs and Expenses - Operating costs for Q1 2024 were 1,134,105,159.07 RMB, up 22.5% from 925,636,287.45 RMB in Q1 2023[17] - R&D expenses increased to 127,663,635.10 RMB in Q1 2024, a 20.9% rise from 105,608,551.33 RMB in Q1 2023[17] - Financial expenses decreased by 100.31% to -44,978,330.99 yuan, primarily due to increased interest income[8] - Research and development expenses for the quarter amounted to 206.55 million yuan, a 40.2% increase year-over-year[21] Government Subsidies and Other Income - The company received government subsidies totaling 50,938,642.25 yuan during the reporting period[5] - Sales revenue from goods and services reached 1.28 billion yuan, showing a 23.2% year-over-year growth[20]