ZZEPC(600023)2024-04-29 07:56Financial Performance - The company's operating revenue for Q1 2024 was CNY 20,023,654,859.74, representing a year-on-year increase of 13.45%[4] - Net profit attributable to shareholders was CNY 1,815,129,771.68, a significant increase of 79.62% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached CNY 1,758,119,195.63, marking a 110.76% increase year-on-year[4] - Basic and diluted earnings per share were both CNY 0.14, reflecting a growth of 75.00%[6] - The company reported a net profit margin improvement, although specific figures were not disclosed in the provided data[18] - In Q1 2024, the company reported a net profit of ¥1,940,532,357.52, a significant increase from ¥1,061,266,302.68 in Q1 2023, representing an increase of approximately 83.5%[20] - Total revenue from operating activities reached ¥23,449,862,013.51, compared to ¥17,763,689,489.61 in the same period last year, marking a growth of about 32.5%[22] - The total comprehensive income for Q1 2024 was ¥2,213,037,914.69, significantly higher than ¥942,696,529.50 in Q1 2023, representing an increase of about 134%[21] - The total comprehensive income for Q1 2024 was CNY 1.46 billion, an increase from CNY 860.69 million in Q1 2023[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 147,696,576,738.38, a slight increase of 0.31% from the end of the previous year[6] - Non-current assets totaled ¥106,654,515,013.95, an increase from ¥104,796,878,969.40 in the previous period[16] - Total assets amounted to ¥147,696,576,738.38, compared to ¥147,240,775,217.75 previously, indicating a slight growth[17] - Current liabilities decreased to ¥30,153,444,005.42 from ¥32,057,206,295.07, a reduction of approximately 5.9%[16] - Non-current liabilities slightly decreased to ¥35,202,791,262.29 from ¥35,216,314,631.10, showing a marginal decline[17] - The total liabilities decreased to ¥3,658,762,240.14 in Q1 2024 from ¥3,842,654,045.24 in Q4 2023[25] Cash Flow - The company's cash flow from operating activities was CNY 1,795,774,115.80, with a year-on-year increase of 240.13%[10] - The net cash flow from operating activities for Q1 2024 was ¥1,795,774,115.80, a significant improvement compared to the negative cash flow of ¥1,281,505,859.93 in Q1 2023[23] - The cash flow from operating activities was negative at CNY -148.69 million in Q1 2024, slightly improved from CNY -149.13 million in Q1 2023[30] - The company experienced a net cash outflow from investing activities of CNY -786.29 million in Q1 2024, compared to CNY -2.64 billion in Q1 2023[31] Shareholder Information - The total number of common shareholders at the end of the reporting period was 118,275[11] - Zhejiang Energy Group Co., Ltd. holds 9,312,667,001 shares, accounting for 69.45% of the total shares[11] - The company has no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[12] - There are no outstanding shares involved in margin trading or securities lending as of the end of the reporting period[12] Operational Efficiency - The company plans to continue enhancing operational efficiency and cash flow management to support future growth[10] - The company has no new strategies or significant operational changes to report for the current quarter[13] Expenses - Total operating costs for Q1 2024 were ¥19,177,521,271.91, up from ¥17,690,151,653.40 in Q1 2023, reflecting a rise of 2.8%[18] - Research and development expenses increased to ¥75,542,857.75 from ¥52,197,384.77, showing a rise of approximately 44.7%[20] - The company's financial expenses, including interest expenses, totaled ¥316,082,114.17, slightly up from ¥299,715,373.34, reflecting a 5.5% increase[20] - The company's tax expenses for the quarter were ¥200,957,552.06, compared to ¥151,484,854.16 in Q1 2023, reflecting a rise of about 32.6%[20] - The company reported a tax expense of CNY 1.49 million in Q1 2024, up from CNY 684,343 in Q1 2023[27]