[一季报]新 和 成(002001):2024年第一季度报告（英文版）
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时间：2024年04月30日 16:51:21 中财网 |
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原标题: 新 和 成:2024年第一季度报告（英文版）
Zhejiang NHU Company Ltd.
Q1 2024 Report
The Company and whole members of the BOD guarantee that the information disclosed is
authentic, accurate, complete and free from any false records, misleading statements or significant
omissions.Important Content Reminder:
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior executives of Zhejiang NHU Company Ltd. (hereinafter referred to as the “Company”) hereby guarantee that the information presented in this report is authentic, accurate, complete and free of any false records, misleading statements or material omissions, and they will bear joint and several liabilities for such information.
2. The Company’s legal representative, the officer in charge of accounting, and the head of accounting department hereby declare and warrant that the financial information in this report is authentic, accurate and complete.
3. Whether the First Quarterly Report has been audited or not □ Yes √ No
This Q1 2024 Report is an English translation of the Chinese Q1 2024 Report. In case the English version does
not conform to the Chinese version, the Chinese version prevails.
Section I Key Accounting Data
I. Key accounting data and financial indicators
Whether the Company needs to perform retroactive adjustment or restatement on financial data of prior years
□Yes √No
| Items | Q1 2024 | Q1 2023 | Increase/decrease of the current
reporting period compared with the
same period of the previous year | | Operating revenue (yuan) | 4,498,764,263.04 | 3,612,227,625.99 | 24.54% | | Net profit attributable to
shareholders of listed
company (yuan) | 869,622,923.96 | 643,158,260.22 | 35.21% | | Net profit attributable to
shareholders of listed
company after deducting non-
recurring profit or loss (yuan) | 857,468,937.91 | 586,422,083.91 | 46.22% | | Net cash flows from operating
activities (yuan) | 480,895,414.07 | 390,927,539.55 | 23.01% | | Basic EPS (yuan/share) | 0.28 | 0.21 | 33.33% | | Diluted EPS (yuan/share) | 0.28 | 0.21 | 33.33% | | Weighted average ROE | 3.44% | 2.69% | Increased by 0.75 percentage points | | Items | Mar. 31, 2024 | Dec. 31, 2023 | Increase/decrease of the current
reporting period compared with the end
of the previous year | | Total assets (yuan) | 39,618,540,405.68 | 39,156,246,864.67 | 1.18% | | Net assets attributable to
shareholders of listed
company (yuan) | 25,688,104,169.64 | 24,804,662,320.99 | 3.56% |
II Non-recurring Profit or Loss for this Period
√ Applicable □ Not applicable
| Items | Q1 2024 | Remarks | | Gains or losses on disposal of non-current assets, including write-off of provision for
impairment | -2,126,754.10 | | | Government grants included in profit or loss (excluding those closely related to operating
activities of the Company, satisfying government policies and regulations, and
continuously enjoyed with certain quantity or quota based on certain standards) | 29,883,052.39 | | | Gains or losses on changes in fair value of held-for-trading financial assets and held-for-
trading financial liabilities, and investment income from disposal of held-for-trading
financial assets and held-for-trading financial liabilities, excluding those arising from
hedging business related to operating activities | -12,225,180.80 | | | Gains or losses on assets consigned to the third party for investment or management | 808,128.72 | | | Items | Q1 2024 | Remarks | | Other profit and loss items that meet the definition of non-recurring profit or loss | 583,353.42 | | | Less: Enterprise income tax affected | 4,584,149.25 | | | Non-controlling interest affected (after tax) | 184,464.33 | | | Total | 12,153,986.05 | -- |
Details of other profit and loss items that meet the definition of non-recurring profit and loss □ Applicable √ Not applicable
The Company does not have any other profit and loss items that meet the definition of non-recurring profit and loss.
Explanation on defining the non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on Information
Disclosure for Companies Offering Their Securities to Public-Non-recurring Profit and loss as non-recurring profit and loss items.
□ Applicable √ Not applicable
The Company does not define the non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on
Information Disclosure for Companies Offering Their Securities to Public-Non-recurring Profit and loss as recurring profit and
loss items.
III Major Changes of Main Items in Financial Statements and Financial Indicators within the Reporting
Period, as well as the Reasons for the Changes
√ Applicable □Not applicable
1. Balance Sheet Position
（1）The closing balance of Held-for-trading financial assets decreased by 98.31% compared to the closing balance at the
beginning of the year. It was mainly due to the redemption of financial products upon during the reporting period.
（2）The closing balance of Receivables financing increased by 73.62% compared to the closing balance at the beginning of the
year. It was mainly due to an increase in the number of bills received during the reporting period.
（3）The closing balance of Other current assets decreased by 42.77% compared to the closing balance at the beginning of the
year. It was mainly due to the decrease in value-added tax credits during the reporting period. （4）The closing balance of Deferred tax assets increased by 566.22% compared to the closing balance at the beginning of the
year. It was mainly due to the increase in provision for deferred income tax as a result of the increase in provision for impairment
of assets during the reporting period.
（5）The closing balance of Employee benefits payable decreased by 49.10% compared to the closing balance at the beginning
of the year. It was mainly due to the payment of year-end efficiency awards during the reporting period.
（6）The closing balance of Non-current liabilities due within one year decreased by 33.62% compared to the closing balance at the beginning of the
year. It was mainly due to the return of long-term borrowings due within one year during the reporting period.
2. Consolidated Income Statement Position
（1）Taxes and surcharges in the current Q1 period increased by 38.35% compared to the same period of last year. It was mainly
due to the increase in operating revenue during the reporting period, which led to the increase in related tax expenses
（2）Investment income in the current Q1 period decreased by 101.65% compared to the same period of last year. It was mainly
due to the decrease in investment income from associates and gain on disposal of forward exchange products during the reporting
period.
（3）Gains on changes in fair value in the current Q1 period decreased by 1,838.81% compared to the same period of last year. It
was mainly due to the year-on-year decrease in fair value as a result of exchange rate fluctuations during the reporting period.
（4）Credit impairment loss in the current Q1 period increased by 503.69% compared to the same period of last year. It was
mainly due to the increase in credit impairment losses provided for changes in accounts receivable during the reporting period.
（5）Assets impairment loss in the current Q1 period decreased by 57.28% compared to the same period of last year. It was
mainly due to the decrease in impairment losses on assets due to fluctuations in market prices of products during the reporting
period.
（6）Gains on asset disposal in the current Q1 period decreased by 225.64% compared to the same period of last year. It was
mainly due to the decrease in assets disposed of during the reporting period. （7）Other income in the current Q1 period increased by 32.50% compared to the same period of last year. It was mainly due to
the increase in government grants during the reporting period. （8）Non-operating revenue in the current Q1 period decreased by 44.56% compared to the same period of last year. It was
mainly due to the decrease in compensation payments received during the reporting period. （9）Non-operating expenditures in the current Q1 period increased by 94.29% compared to the same period of last year. It was
mainly due to the increase in the scrapping of fixed assets during the reporting period. （10）Income tax in the current Q1 period increased by 84.53% compared to the same period of last year. It was mainly due to
the increase in total profit during the reporting period.
3、Cash Flow Statement Position
（1）Net cash flows from investing activities in the current Q1 period increased by 48.43% compared to the same period of last
year. It was mainly due to the decrease in investment in construction in progress during the reporting period.
（2）Net cash flows from financing activities in the current Q1 period decreased by 94.14% compared to the same period of last
year. It was mainly due to the increase in the repayment of long-term loans during the reporting period.
Section Ⅱ Shareholders Information
Ⅰ Total Number of Common Shareholders and Number of Preferred Shareholders with Voting Rights Recovered and Information about Top 10 Shareholders
Unit: share
| Total number of common shareholders at the end of
the reporting period | 98,469 | Total number of preferred shareholders whose voting
rights have been recovered at the end of the reporting
period | 0 | | | | | Information about top 10 shareholders（Excluding shares lent through refinancing） | | | | | | | | Shareholders | Nature of
shareholders | Holding
proportion | Quantity of
shares | Quantity of
restricted shares | Shares pledged, marked or frozen | | | | | | | | Condition | Quantity | | NHU Holding Group Co., Ltd. | Domestic non-
state-owned
legal person | 49.80% | 1,539,232,431 | 0 | N/A | 0 | | Hong Kong Securities Clearing
Company Limited | Overseas legal
person | 3.64% | 112,500,252 | 0 | N/A | 0 | | Shanghai Chongyang Strategic
Investment Co., Ltd.－Chongyang
Strategic Huizhi Fund | Others | 1.75% | 54,072,200 | 0 | N/A | 0 | | National Social Security Fund
No.503 Portfolio | Others | 1.29% | 39,999,852 | 0 | N/A | 0 | | The Company－Employee stock
ownership plan phase IV | Others | 0.96% | 29,528,181 | 0 | N/A | 0 | | China Construction Bank
Corporation - E Fund Shanghai
and Shenzhen 300 Medical and
Health Trading Open-end Index
Fund | Others | 0.72% | 22,375,277 | 0 | N/A | 0 | | China Life Insurance Company
Limited-Traditional-General
Insurance Products-005L-
ShanghaiCT001 | Others | 0.65% | 20,096,250 | 0 | N/A | 0 | | National Social Security Fund
No.117 Portfolio | Others | 0.58% | 18,019,748 | 0 | N/A | 0 | | Industrial and Commercial Bank
of China Limited - Huatai-
PineBridge Shanghai and
Shenzhen 300 Trading Open-end
Index Fund | Others | 0.54% | 16,761,679 | 0 | N/A | 0 | | Shanghai Chongyang Strategic
Investment Co., Ltd - Chongyang
Strategic Yingzhi Fund | Others | 0.53% | 16,248,559 | 0 | N/A | 0 | | Information about top 10 shareholders without trading restrictions | | | | | | | | Shareholders | Quantity of non-restricted shares | Category of shares | | | | | | | | Category | Quantity | | | | | NHU Holding Group Co., Ltd. | 1,539,232,431 | RMB ordinary
shares | 1,539,232,431 | | | | | Hong Kong Securities Clearing Company Limited | 112,500,252 | RMB ordinary
shares | 112,500,252 | | | | | Shanghai Chongyang Strategic Investment Co., Ltd.
－Chongyang Strategic Huizhi Fund | 54,072,200 | RMB ordinary
shares | 54,072,200 | | | |
| National Social Security Fund No.503 Portfolio | 39,999,852 | RMB ordinary
shares | 39,999,852 | | The Company－Employee stock ownership plan
phase IV | 29,528,181 | RMB ordinary
shares | 29,528,181 | | China Construction Bank Corporation - E Fund
Shanghai and Shenzhen 300 Medical and Health
Trading Open-end Index Fund | 22,375,277 | RMB ordinary
shares | 22,375,277 | | China Life Insurance Company Limited-
Traditional-General Insurance Products-005L-
ShanghaiCT001 | 20,096,250 | RMB ordinary
shares | 20,096,250 | | National Social Security Fund No.117 Portfolio | 18,019,748 | RMB ordinary
shares | 18,019,748 | | Industrial and Commercial Bank of China Limited -
Huatai-PineBridge Shanghai and Shenzhen 300
Trading Open-end Index Fund | 16,761,679 | RMB ordinary
shares | 16,761,679 | | Shanghai Chongyang Strategic Investment Co., Ltd
- Chongyang Strategic Yingzhi Fund | 16,248,559 | RMB ordinary
shares | 16,248,559 | | Explanation on associated relationship or concerted
actions among above shareholders | The Company does not know whether other shareholders have relationships and
whether they are persons acting in concert as defined in Administration of the
Takeover of Listed Companies Procedures. | | | | Explanation on top 10 shareholders’ participating in
securities margin trading | Shanghai Chongyang Strategic Investment Co., Ltd.－Chongyang Strategic Huizhi
Fund holds 54,072,127 shares through client account of collateral securities for margin
trading of Guotai Junan Securities Co., Ltd.; Shanghai Chongyang Strategic
Investment Co., Ltd.－Chongyang Strategic Yingzhi Fund holds 16,248,559 shares
through client account of collateral securities for margin trading of CITIC Securities
Co., Ltd. | | |
Note：The Company’s special securities account for repurchase is attributable to the top 10 shareholders, who however did not
participate in the presentation of such balances.
Shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with unlimited shares in circulation
participating in the lending of shares in the transfer and financing business. √Applicable □Not applicable
Unit: Share
| Participation of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders of non-restricted shares in
the l the lending of shares in the transfer and financing business | | | | | | | | | | Shareholder name (full
name) | Holdings in ordinary
account and credit
account at the beginning
of the period | | Shares borrowed for
securities lending at the
beginning of the period
and have not yet been
returned | | Holdings in ordinary
account and credit account
at the end of the period | | Shares borrowed for
securities lending at the
end of the period and have
not yet been returned | | | | Total
quantity | Ratio to
total share
capital | Total
quantity | Ratio to
total share
capital | Total
quantity | Ratio to
total share
capital | Total
quantity | Ratio to
total share
capital | | China Construction Bank
Corporation - E Fund
Shanghai and Shenzhen
300 Medical and Health
Trading Open-end Index
Fund | 22,999,677 | 0.74% | 252,800 | 0.01% | 22,375,277 | 0.72% | 0 | 0.00% | | Industrial and Commercial
Bank of China Limited -
Huatai-PineBridge
Shanghai and Shenzhen
300 Trading Open-end
Index Fund | 11,582,159 | 0.37% | 35,600 | 0.001% | 16,761,679 | 0.54% | 0 | 0.00% |
The top 10 shareholders and the top 10 holders of unlimited shares have experienced changes due to participating in the lending of
shares in the transfer and financing business compared to the previous period. □ Applicable √Not applicable
II Total Number of Preferred Shareholders and Information about Top 10 Preferred Shareholders □ Applicable √Not applicable
Section III Other Significant Events
√Applicable □Not applicable
I Progress of the Forth Employee Stock Ownership Plan
The fourth phase of the Employee stock ownership Plan of the Company was reviewed and approved by the first extraordinary
General meeting of shareholders in 2023 held on June 26, 2023. The current employee stock ownership plan is managed by the
Company itself, acquired and held by the Company through the secondary market purchase, with a duration of not more than 24
months. As of September 25, 2023, a total of 29,528,181 shares of the Company have been purchased under the fourth phase of the
employee stock ownership Plan through the secondary market bidding transaction, accounting for 0.9553% of the Company's
existing total share capital, with a total transaction amount of 479,442,157.08 yuan (excluding transaction costs). The average
transaction price was about 16.2368 yuan per share, and the company completed the target stock purchase of the fourth phase of
the employee stock ownership plan. The lock-up period of the underlying shares acquired under the fourth Employee Stock
Ownership Plan is 12 months, calculated from the date of the Company's announcement of the transfer of the last underlying
shares to the plan. For details, please refer to Announcement on the Implementation Progress of the Fourth Employee Stock
Ownership Plan and Completion of Stock Purchase (2023-060) published by the Company on designated information disclosure
media and http://www.cninfo.com.cn.
II Progress of Investment Project with Raised Funds
With the approval of [2017] No. 1684 document of China Securities Regulatory Commission, the company's lead underwriter,
CSC Securities Co., Ltd., privately issued 175 million common shares (A shares) to specific objects at an issue price of RMB
28.00/share, raising a total of RMB 4,900 million. After deducting the underwriting and recommendation fees of RMB 30 million
yuan (including tax), the raised funds amounted to RMB 4,870 million, which was remitted to the raised funds supervision account
of the company by the lead underwriter, CSC Securities Co., Ltd. on December 7, 2017. In addition, after deducting lawyer fees,
audit fees, capital verification fees and other issuance expenses of RMB 4.62 million (excluding tax), and considering the
deductible VAT input tax of RMB 1.70 million of underwriting fees and recommendation fees deducted by the lead underwriter,
the net amount of funds raised was RMB 4,867.08 million. The availability of the above raised funds has been verified by Tianjian
Certified Public Accountants (special general partnership), who issued the capital verification report ([2017] No. 503).
From January 1 to March 31, 2024, the actual use of the raised funds was RMB 146.87mn, and the accumulated investment of the
financial management and structured deposits, the net amount of accumulated bank deposit interest less bank fees, etc., and bank
financial management income).
The company convened the third meeting of the ninth board of directors and the third meeting of the ninth supervisory board on
April 19, 2024. The "Proposal on the Completion of the Fundraising Investment Project and the Permanent Supplement of the
Surplus Raised Funds to Working Capital" was reviewed and approved. In order to improve the efficiency of the use of surplus
raised funds, it was agreed to terminate the "Annual Production of 250,000 Tons of Methionine Project," which was funded by the
non-public issuance of shares in 2017, and to permanently supplement working capital with the surplus raised funds totaling
354.79 million yuan (the actual amount is subject to the balance in the special account on the day of fund transfer). For details,
please refer to Announcement on Closing Investment Projects with Raised Funds and Permanently Supplementing Working Capital
with Surplus Raised Funds (2024-009) published by the Company on designated information disclosure media and
http://www.cninfo.com.cn.
III Progress of the controlling shareholder in increasing the company's shares Based on the confidence of the company's future sustainable and stable development and the recognition of the company's value,
to enhance investor confidence, the company's controlling shareholder NHU Holding Group Co., Ltd. plans to increase its shares
of the Company in the next six months from October 26, 2023, through the means permitted by the trading system of Shenzhen
Stock Exchange (including but not limited to centralized bidding, block trading, etc.). The amount of shares to be increased shall
not be less than RMB 200 million and shall not exceed RMB 300 million. There is no price range for this plan, and the plan will be
gradually implemented according to the volatility of the company's stock price and the overall trend of the capital market. By
March 15, 2024, NHU Holding Company has accumulated 17,869,906 shares of the Company, accounting for 0.58% of the total
share capital of the Company, and the cumulative amount of increased holdings is 299,656,526.16 yuan. (excluding transaction
fees). The implementation of this shareholding increase plan is completed. For details, please refer to Announcement on the
Implementation Results of the Plan for Controlling Shareholders to Increase their Holdings of Company Shares (2024-003)
published by the Company on designated information disclosure media and http://www.cninfo.com.cn.
Section Ⅳ Quarterly Financial Statements
Ⅰ Financial statements
1. Consolidated Balance Statement
Prepared by Zhejiang NHU Co., Ltd.
Mar 31, 2024
| Items | Mar 31, 2024 | Jan 1, 2024 | | Current assets: | | | | Cash and bank balances | 4,677,644,526.84 | 4,543,361,146.98 | | Settlement funds | | | | Loans to other banks | | | | Held-for-trading financial assets | 2,917,816.05 | 173,056,050.95 | | Derivative financial assets | | | | Notes receivable | 133,900,672.52 | 116,125,267.70 | | Accounts receivable | 2,866,535,904.66 | 2,483,266,952.88 | | Receivables financing | 575,769,257.90 | 331,634,090.61 | | Advances paid | 170,031,305.71 | 209,274,602.05 | | Premiums receivable | | | | Reinsurance accounts receivable | | | | Reinsurance reserve receivable | | | | Other receivables | 158,814,076.21 | 142,060,705.67 | | Including: Interest receivable | | | | Dividend receivable | | | | Financial assets under reverse
repo | | | | Inventories: | 4,432,336,504.68 | 4,318,878,875.34 | | Including: data resources | | | | Contract assets | | | | Assets held for sale | | | | Non-current assets due within
one year | | | | Other current assets | 39,050,490.75 | 68,232,745.03 | | Total current assets | 13,057,000,555.32 | 12,385,890,437.21 | | Non-current assets: | | | | Loans and advances | | | | Debt investments | | | | Other debt investments | | | | Long-term receivables | | | | Long-term equity investments | 702,698,863.06 | 697,145,200.08 | | Items | Mar 31, 2024 | Jan 1, 2024 | | Other equity instrument investments | 22,998,147.55 | 22,998,147.55 | | Other non-current financial assets | | | | Investment property | | | | Fixed assets | 21,806,911,019.52 | 21,860,082,637.13 | | Construction in progress | 1,476,791,865.63 | 1,621,882,507.56 | | Productive biological assets | | | | Oil & gas assets | | | | Right-of-use assets | 6,151,209.56 | 6,603,631.56 | | Intangible assets | 2,390,936,771.75 | 2,407,560,753.82 | | Including: data resources | | | | Development expenditures | | | | Including: data resources | | | | Goodwill | 3,622,704.97 | 3,622,704.97 | | Long-term prepayments | 13,106,789.39 | 11,697,961.72 | | Deferred tax assets | 4,330,941.02 | 650,079.18 | | Other non-current assets | 133,991,537.91 | 138,112,803.89 | | Total non-current assets | 26,561,539,850.36 | 26,770,356,427.46 | | Total assets | 39,618,540,405.68 | 39,156,246,864.67 | | Current liabilities: | | | | Short-term borrowings | 1,036,760,556.16 | 1,235,688,062.90 | | Central bank loans | | | | Loans from other banks | | | | Held-for-trading financial liabilities | | | | Derivative financial liabilities | | | | Notes payable | 397,764,557.87 | 349,347,472.36 | | Accounts payable | 1,688,031,148.30 | 1,930,958,598.05 | | Advances received | | | | Contract liabilities | 178,321,443.97 | 251,008,240.97 | | Financial liabilities under repo | | | | Absorbing deposit and interbank
deposit | | | | Deposit for agency security
transaction | | | | Deposit for agency security
underwriting | | | | Employee benefits payable | 212,888,730.14 | 418,273,203.88 | | Taxes and rates payable | 288,171,117.75 | 301,794,080.40 | | Other payables | 38,421,805.70 | 53,671,773.90 | | Including: Interest payable | | | | Dividend payable | | | | Handling fee and commission | | | | Items | Mar 31, 2024 | Jan 1, 2024 | | payable | | | | Reinsurance accounts payable | | | | Liabilities held for sale | | | | Non-current liabilities due within one
year | 1,038,520,760.69 | 1,564,392,458.67 | | Other current liabilities | 19,380,141.84 | 17,260,124.76 | | Total current liabilities | 4,898,260,262.42 | 6,122,394,015.89 | | Non-current liabilities: | | | | Insurance policy reserve | | | | Long-term borrowings | 7,625,324,455.80 | 6,821,643,194.58 | | Bonds payable | | | | Including: Preferred shares | | | | Perpetual bonds | | | | Lease liabilities | 4,895,825.27 | 5,240,136.43 | | Long-term payables | | | | Long-term employee benefits
payable | | | | Provisions | | | | Deferred income | 1,051,572,404.48 | 1,065,586,274.49 | | Deferred tax liabilities | 234,514,495.48 | 221,675,090.41 | | Other non-current liabilities | | | | Total non-current liabilities | 8,916,307,181.03 | 8,114,144,695.91 | | Total liabilities | 13,814,567,443.45 | 14,236,538,711.80 | | Equity: | | | | Share capital | 3,090,907,356.00 | 3,090,907,356.00 | | Other equity instruments | | | | Including: Preferred shares | | | | Perpetual bonds | | | | Capital reserve | 3,613,332,107.69 | 3,613,345,485.13 | | Less: Treasury shares | 500,059,711.25 | 500,059,711.25 | | Other comprehensive income | 101,866,684.29 | 103,920,732.85 | | Special reserve | 76,747,169.45 | 60,860,818.76 | | Surplus reserve | 1,545,453,678.00 | 1,545,453,678.00 | | General risk reserve | | | | Undistributed profit | 17,759,856,885.46 | 16,890,233,961.50 | | Total equity attributable to the parent
company | 25,688,104,169.64 | 24,804,662,320.99 | | Non-controlling interest | 115,868,792.59 | 115,045,831.88 | | Total equity | 25,803,972,962.23 | 24,919,708,152.87 | | Total liabilities & equity | 39,618,540,405.68 | 39,156,246,864.67 |
2. Consolidated Income Statement
Unit: RMB Yuan
| Items | Q1 2024 | Q1 2023 | | I. Total operating revenue | 4,498,764,263.04 | 3,612,227,625.99 | | Including: Operating revenue | 4,498,764,263.04 | 3,612,227,625.99 | | Interest income | | | | Premiums earned | | | | Revenue from handling
charges and commission | | | | II. Total operating cost | 3,392,556,624.48 | 2,890,271,348.78 | | Including: Operating cost | 2,922,577,257.11 | 2,467,400,928.17 | | Interest expenses | | | | Handling charges and
commission expenditures | | | | Surrender value | | | | Net payment of insurance
claims | | | | Net provision of insurance
policy reserve | | | | Premium bonus expenditures | | | | Reinsurance expenses | | | | Taxes and surcharges | 43,193,641.03 | 31,219,915.01 | | Selling expenses | 34,861,758.30 | 29,333,288.35 | | Administrative expenses | 146,255,149.81 | 121,627,278.45 | | R&D expenses | 202,953,832.19 | 190,075,834.44 | | Financial expenses | 42,714,986.04 | 50,614,104.36 | | Including: Interest expenses | 70,961,212.48 | 75,508,647.85 | | Interest income | 31,276,387.97 | 34,115,367.75 | | Add: Other income | 64,347,613.41 | 48,562,730.49 | | Investment income (or less:
losses) | -479,516.61 | 29,071,421.27 | | Including: Investment
income from associates and joint
ventures | 7,648,201.42 | 20,891,123.71 | | Gains from
derecognition of financial assets at
amortized cost | | | | Gains on foreign exchange (or
less: losses) | | | | Gains on net exposure to hedging
risk (or less: losses) | | | | Gains on changes in fair value (or
less: losses) | -12,225,180.80 | 703,076.55 | | Credit impairment loss | -67,492,764.39 | -11,180,108.69 | | Items | Q1 2024 | Q1 2023 | | Assets impairment loss | -15,697,068.06 | -36,747,734.14 | | Gains on asset disposal (or less:
losses) | -2,126,754.10 | 1,692,680.14 | | III. Operating profit (or less: losses) | 1,072,533,968.01 | 754,058,342.83 | | Add: Non-operating revenue | 771,057.25 | 1,390,722.65 | | Less: Non-operating expenditures | 1,195,649.13 | 615,398.19 | | IV. Profit before tax (or less: total loss) | 1,072,109,376.13 | 754,833,667.29 | | Less: Income tax | 199,137,194.36 | 107,913,174.56 | | V. Net profit (or less: net loss) | 872,972,181.77 | 646,920,492.73 | | (I) Categorized by the continuity of
operations | | | | 1. Net profit from continuing
operations (or less: net loss) | 872,972,181.77 | 646,920,492.73 | | 2. Net profit from discontinued
operations (or less: net loss) | | | | (II) Categorized by the portion of
equity ownership | | | | 1. Net profit attributable to owners
of parent company | 869,622,923.96 | 643,158,260.22 | | 2. Net profit attributable to non-
controlling shareholders | 3,349,257.81 | 3,762,232.51 | | VI. Other comprehensive income after
tax | -4,580,345.66 | -4,040,484.18 | | Items attributable to the owners of the
parent company | -2,054,048.56 | -5,294,283.73 | | (I) Not to be reclassified
subsequently to profit or loss | | | | 1. Changes in remeasurement on
the net defined benefit plan | | | | 2. Items under equity method that
will not be reclassified to profit or loss | | | | 3. Changes in fair value of other
equity instrument investments | | | | 4. Changes in fair value of own
credit risk | | | | 5. Others | | | | (II) To be reclassified subsequently
to profit or loss | -2,054,048.56 | -5,294,283.73 | | 1. Items under equity method that
may be reclassified to profit or loss | | | | 2. Changes in fair value of other
debt investments | | | | 3. Profit or loss from
reclassification of financial assets into
other comprehensive income | | | | 4. Provision for credit impairment
of other debt investments | | | | 5. Cash flow hedging reserve | | | | 6. Translation reserve | -2,054,048.56 | -5,294,283.73 | | 7. Others | | | | Items attributable to non-controlling | -2,526,297.10 | 1,253,799.55 | | Items | Q1 2024 | Q1 2023 | | shareholders | | | | VII. Total comprehensive income | 868,391,836.11 | 642,880,008.55 | | Items attributable to the owners of the
parent company | 867,568,875.40 | 637,863,976.49 | | Items attributable to non-controlling
shareholders | 822,960.71 | 5,016,032.06 | | VIII. Earnings per share (EPS): | | | | (I) Basic EPS (yuan per share) | 0.28 | 0.21 | | (II) Diluted EPS (yuan per share) | 0.28 | 0.21 |
Net profit realized by the combined party in business combination under common control before the business （未完）
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