Summary by Futu AI
China Hongqiao Group Limited (“China Hongqiao”) issued a voluntary notice on 29 April 2024 to disclose the unaudited consolidated financial statements of its subsidiary Shandong Hongqiao New Material Co., Ltd. (“Shandong Hongqiao”) as of 31 March 2024. The report showed that the total current assets of Shandong Hongqiao were RMB68,689,684,745.13 and the non-liquid assets totaled RMB111,919,978,291.57, and the total assets amounted to RMB204,645,883,383.32. Current liabilities totaled RMB103,813,712,961.49, non-current liabilities totaled RMB17,559,039,123.85, and total liabilities were RMB90,729,050,330.81. The total shareholders' equity is RMB107,581,379,488.40. In addition, Shandong Hongqiao achieved an operating income of RMB34,762,655,532.58 for the first quarter of 2024, and a net profit of RMB4,341,366,761.09. China Hongqiao reminds investors that the financial statements are prepared on the basis of China's accepted accounting principles and are unaudited and should not rely too heavily on this information.