潍柴重机(000880) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥878,424,002.91, representing a 0.43% increase compared to ¥874,679,445.40 in the same period last year[5] - Net profit attributable to shareholders was ¥23,880,441.97, reflecting a 12.09% increase from ¥21,305,403.43 year-on-year[5] - The total operating revenue for Q1 2024 was CNY 878,424,002.91, a slight increase from CNY 874,679,445.40 in the same period last year, representing a growth of approximately 0.3%[20] - The net profit for the first quarter of 2024 was CNY 23,880,441.97, an increase of 12.1% compared to CNY 21,305,403.43 in the same period last year[21] - Operating profit reached CNY 28,704,061.34, up from CNY 21,974,013.17, reflecting a growth of 30.4% year-over-year[21] - The company reported a total comprehensive income of CNY 23,880,441.97, which is the same as the net profit for the period[22] - Basic and diluted earnings per share were both CNY 0.07, compared to CNY 0.06 in the previous year[22] Cash Flow and Assets - The net cash flow from operating activities decreased by 49.74% to ¥63,074,266.67, down from ¥125,501,176.97 in the previous year[12] - The company's cash and cash equivalents at the end of Q1 2024 amounted to CNY 2,277,464,903.78, up from CNY 2,114,014,929.98 at the beginning of the quarter, reflecting an increase of approximately 7.7%[17] - The cash and cash equivalents at the end of the period amounted to CNY 1,817,835,061.44, an increase from CNY 1,476,680,163.70 at the end of the previous year[25] - Total assets at the end of the reporting period were ¥5,472,279,208.99, a 0.73% increase from ¥5,432,647,841.86 at the end of the previous year[5] - Total assets as of March 31, 2024, were CNY 5,472,279,208.99, slightly up from CNY 5,432,647,841.86 at the beginning of the quarter, indicating a growth of about 0.7%[19] Liabilities and Equity - Total liabilities increased to CNY 3,505,151,679.30 from CNY 3,490,448,400.68, reflecting a rise of approximately 0.4%[19] - The equity attributable to shareholders of the parent company reached CNY 1,967,127,529.69, up from CNY 1,942,199,441.18, representing an increase of about 1.3%[19] Expenses and Taxation - The income tax expense increased by 321.71% to ¥5,031,305.26 from ¥1,193,083.06 in the previous year, primarily due to an increase in deferred tax expenses[11] - The tax expenses for the quarter were CNY 5,031,305.26, significantly higher than CNY 1,193,083.06 in the same period last year, indicating a tax rate increase[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,325[13] - The largest shareholder, Weichai Holding Group Co., Ltd., holds 30.59% of the shares, totaling 101,358,600 shares[14] Operational Metrics - The total operating costs for Q1 2024 were CNY 866,502,016.45, compared to CNY 865,696,510.80 in the previous year, indicating a marginal increase of about 0.1%[20] - The company reported a significant increase in other income, which rose by 99.69% to ¥11,874,957.46 compared to ¥5,946,667.86 in the previous year[11] - Accounts receivable decreased to CNY 248,548,477.95 from CNY 297,721,871.98, showing a reduction of about 16.5%[18] - Inventory levels rose to CNY 612,810,200.85, compared to CNY 565,513,202.32 at the start of the quarter, marking an increase of approximately 8.4%[18] - The company incurred a financial expense of CNY -8,979,916.77, slightly higher than CNY -8,759,282.84 from the previous year[21] - The company reported a decrease in employee compensation payable to CNY 129,470,333.41 from CNY 133,304,419.39, a decline of approximately 2.9%[19] Research and Development - Research and development expenses increased to CNY 54,958,797.47, compared to CNY 44,061,463.64, marking a rise of 24.5%[21] - The company has not disclosed any new product developments or market expansion strategies during this quarter[16] Investment Properties - The company experienced a 100% decrease in investment properties, which were reclassified as fixed assets during the reporting period[9]