HDPI(600027)2024-04-26 08:43Financial Performance - The company's operating revenue for Q1 2024 was CNY 30,951,954 thousand, representing a decrease of 3.21% compared to the same period last year[4]. - Net profit attributable to shareholders of the listed company reached CNY 1,862,213 thousand, an increase of 64.21% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,620,710 thousand, up 66.90% from the previous year[4]. - Basic earnings per share for the period was CNY 0.16, an increase of 77.78% compared to the same period last year[4]. - Operating profit for Q1 2024 increased to CNY 2,750,504, up 111.1% from CNY 1,303,734 in Q1 2023[16]. - Net profit for Q1 2024 reached CNY 2,262,328, representing a 92.1% increase from CNY 1,179,753 in Q1 2023[16]. Cash Flow - The net cash flow from operating activities was CNY 4,369,448 thousand, reflecting a significant increase of 78.72%[4]. - Cash flow from operating activities for Q1 2024 was CNY 4,369,448, significantly higher than CNY 2,444,797 in Q1 2023[19]. - The net cash flow from operating activities for Q1 2024 was CNY 485,251 thousand, compared to CNY 96,550 thousand in Q1 2023, showing a significant improvement[27]. - The cash flow from investing activities showed a net inflow of CNY 1,826,459 thousand in Q1 2024, a significant recovery from a net outflow of CNY -3,667,709 thousand in Q1 2023[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 223,036,299 thousand, a decrease of 0.70% from the end of the previous year[4]. - Total assets as of March 31, 2024, were CNY 221,484,905, a slight decrease from CNY 223,036,299 at the end of 2023[15]. - Total liabilities decreased to CNY 133,737,572 from CNY 139,656,521 at the end of 2023[15]. - The total liabilities decreased to CNY 51,693,513 thousand as of March 31, 2024, from CNY 55,421,915 thousand at the end of 2023[23]. Shareholder Equity - Shareholders' equity attributable to shareholders of the listed company was CNY 69,756,242 thousand, an increase of 5.62%[4]. - The weighted average return on equity rose to 4.03%, an increase of 1.52 percentage points from the end of the previous year[4]. Inventory and Investments - The company’s inventory decreased to CNY 3,208,774 from CNY 4,500,583 at the end of 2023, indicating improved inventory management[15]. - The company reported a decrease in inventory to CNY 530,229 thousand from CNY 677,521 thousand in the previous period, indicating improved inventory management[22]. - Long-term equity investments increased to CNY 44,935,552 from CNY 43,791,153, reflecting strategic investment growth[15]. Financial Expenses and Borrowings - The company’s financial expenses for Q1 2024 were CNY 258,717 thousand, down from CNY 287,312 thousand in Q1 2023, reflecting cost control efforts[25]. - The company’s short-term borrowings decreased to CNY 2,315,598 thousand from CNY 2,414,838 thousand at the end of 2023, indicating a reduction in leverage[22]. Accounting Standards - The company adopted new accounting standards effective January 1, 2024, without retrospective adjustments[5].