北京金隅集团股份有限公司 第七届监事会第二次会议决议公告 本公司监事会及全体监事保证本公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 证券代码：601992 证券简称：金隅集团 编号：临 2024－047 一、关于公司2024年第三季度报告的议案 北京金隅集团股份有限公司监事会 公司监事会根据《证券法》、公司股票上市地上市规则及公司《章 程》的规定，对公司2024年第三季度报告提出如下书面审核意见，与会 监事一致认为： 二〇二四年十月三十一日 （一）公司2024年第三季度报告的编制和审议程序符合法律法规、 公司《章程》和公司内部管理制度等规定； （三）在提出本意见前，监事会未发现该报告编制和审议的人员有 违反保密规定的行为。 表决结果：同意6票；弃权0票；反对0票。 北京金隅集团股份有限公司（以下简称"公司"）于 2024 年 10 月 30 日以通讯表决的方式召开了第七届监事会第二次会议,应出席本次会 议的监事 6 名，实际出席会议的监事 6 名。会议的召开符合《公司法》 和公司《章程》等规定。会议审议通过了以下议案： 特此公告。 （二）公司2024 ...

Financial Performance - The company reported a total revenue of approximately RMB 45,562.4 million for the first half of 2024, a year-on-year decrease of 7.3%[11] - The net loss attributable to shareholders was approximately RMB 806.7 million, compared to a net profit of RMB 410.1 million in the same period last year[11] - The main business revenue was approximately RMB 45,209.6 million, down 7.1% compared to the previous year[32] - The total loss amounted to approximately RMB 1,070.5 million, compared to a profit of RMB 425.7 million in the same period last year[32] - The net loss was approximately RMB 1,749.5 million, a significant decline from a net profit of RMB 14.7 million in the previous year[32] - The company reported a significant increase in investment income from joint ventures, rising to RMB 135.61 million from RMB 62.34 million year-on-year[108] - The total comprehensive loss amounted to RMB 1.88 billion, significantly higher than a loss of RMB 23.49 million in the first half of 2023[109] - Basic and diluted earnings per share decreased to RMB -0.12, compared to RMB 0.0025 in the same period last year[109] Cost Management and Efficiency - The company achieved a cement cost reduction of RMB 35 per ton and a fuel substitution rate of 10.7% in the cement business during the first half of 2024[12] - The company aims to enhance cost management in the cement business while implementing differentiated marketing strategies to stabilize volume and increase prices[7] - The company aims to maintain its "Year of Efficiency Improvement" strategy, ensuring high-quality completion of all targets for 2024[14] - The company has implemented a "Quality Improvement and Efficiency Enhancement" action plan aimed at strengthening core business and improving operational efficiency through technological innovation[95] Real Estate Development - The real estate development segment focused on project delivery and inventory reduction, with key projects becoming significant profit supports[13] - The company has developed approximately 170 real estate projects, with a total construction area exceeding 30 million square meters, covering 17 cities[22] - The real estate development and operation segment revenue was RMB 10,758.2 million, a year-on-year increase of 14.8%[42] - The real estate development segment saw a 23.6% decrease in total area delivered, amounting to 388,400 square meters[35] - In the first half of 2024, new housing starts decreased by 23.7%, with residential starts down by 23.6%[26] - The sales area of newly built commercial housing in the first half of 2024 was 47.916 million square meters, a year-on-year decrease of 19.0%[26] Investment and Financing - The company successfully issued bonds totaling RMB 6.8 billion, with a record low interest rate of 2.49% for perpetual bonds[54] - The company achieved a financing cost of 3.25% and maintained an AAA credit rating, ensuring smooth financing channels to support its main business development[54] - The company plans to optimize its financing structure and expand financing channels to ensure stable cash flow amid rising debt risks and external trade pressures[58] - The company’s cash flow from financing activities increased by approximately RMB 3,680.4 million year-on-year, mainly due to adjustments in financing structure in response to lower LPR rates[47] Technological Innovation - The company plans to strengthen technological innovation and accelerate the transformation of its own technological achievements into new products[7] - The company is focusing on technological innovation and business model transformation to foster high-quality development in response to changing market demands[56] - The company applied for 271 patents in the first half of 2024, including 60 invention patents, and achieved recognition with one provincial-level technology award[52] Market Outlook - The company expects resilient growth in infrastructure investment in the second half of 2024, supported by favorable policies for the construction materials sector[14] - The company is adapting to market changes by emphasizing product innovation, service optimization, and brand differentiation to strengthen its competitive position[59] - The future outlook remains positive, with management guiding for continued revenue growth and profitability improvements[113] Environmental Commitment - The company aims to complete carbon reduction tasks by the end of 2025, targeting a reduction of 13 million tons of CO2 emissions through energy-saving measures in the cement industry[57] - The company actively participated in the national voluntary greenhouse gas reduction trading market, generating over RMB 700 million in profit from carbon asset management[53] - The company is committed to developing green low-carbon cement products and aims to scale up production of low-carbon materials[57] Financial Position - As of June 30, 2024, total assets reached approximately RMB 270,457.9 million, an increase of about 0.3% from the beginning of the reporting period[60] - Total liabilities amounted to approximately RMB 176,733.3 million, with a debt-to-asset ratio of 65.3%, up by 0.3 percentage points[60] - The company’s cash and cash equivalents decreased by 10.6% to RMB 15,487.8 million from RMB 17,332.1 million[29] - Current liabilities decreased by 8.3% to RMB 107,902.1 million, while current assets increased slightly by 0.1%[29] Corporate Governance - The company has maintained compliance with the corporate governance code as per the listing rules during the reporting period[84] - The board of directors consists of four executive directors, two non-executive directors, and four independent non-executive directors, ensuring a strong independent element[85] - The company confirmed that there were no violations of the standard code of conduct by directors, supervisors, or senior management during the reporting period[82] Employee Compensation - The total employee compensation for the reporting period was approximately RMB 3,775.9 million, an increase of about 9.0% compared to RMB 3,465.7 million for the same period last year[70] - As of June 30, 2024, the company employed 44,614 staff, a slight decrease from 44,885 as of December 31, 2023[70] Shareholder Returns - The company did not recommend the distribution of an interim dividend for the six months ended June 30, 2024, consistent with the previous period[88] - The company has maintained a consistent cash dividend policy since its H shares were listed in Hong Kong in 2009, demonstrating commitment to shareholder returns[95] - The company has issued a cash dividend of RMB 0.025 per share for the fiscal year 2023, equivalent to HKD 0.0275 per H share[100]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the first half of 2024, representing a 15% year-over-year growth[1]. - The company's operating revenue for the reporting period was approximately ¥11.22 billion, a decrease of 22.55% compared to the same period last year[14]. - The net profit attributable to shareholders was approximately -¥806.17 million, representing a decline of 120.18% year-over-year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately -¥917.87 million, a decrease of 97.05% compared to the previous year[14]. - The basic earnings per share were -¥0.3033, a decline of 120.26% year-over-year[14]. - The diluted earnings per share were -¥0.2789, representing a decrease of 129.17% compared to the previous year[14]. - The company's total comprehensive income for the first half of 2024 was a loss of CNY 923.59 million, compared to a loss of CNY 409.91 million in the same period of 2023[135]. - The company reported a total loss of CNY 836,029,827.81 for the first half of 2024, worsening from a loss of CNY 513,687,269.39 in the same period last year[132]. Market and Customer Growth - User data indicates a 20% increase in customer base, with total active users reaching 500,000 by the end of June 2024[2]. - The company has provided a positive outlook for the second half of 2024, projecting a revenue growth of 10% to 12%[3]. - New product launches are expected to contribute an additional 200 million CNY in revenue by the end of the fiscal year[4]. - The company is expanding its market presence, targeting a 25% increase in production capacity through new facilities in the next two years[5]. - The company’s market share in the Beijing-Tianjin-Hebei region exceeds 50%, indicating a strong competitive advantage in this key market[18]. Research and Development - Research and development investments have increased by 30%, focusing on sustainable technologies and product innovation[6]. - The company increased its R&D investment by 4.47% year-on-year, totaling 83.34 million yuan, to foster innovation and new product development[30]. - The company has 183 invention patents and 1,919 utility model patents, reflecting its strong focus on technological innovation[23]. - The company is focusing on R&D for new products and materials to tap into niche markets[46]. Environmental Sustainability - The management team emphasizes a commitment to environmental sustainability, with initiatives aimed at reducing carbon emissions by 20% by 2025[10]. - The company has 35 national-level "green factories" and 24 national-level green mines, demonstrating its commitment to sustainable development[23]. - The company has completed industrialized trial production of low-carbon clinker, enhancing its product quality and revenue-generating capabilities[23]. - The company is actively monitoring and managing its environmental impact through compliance with local and national regulations[55]. - The company has implemented measures to ensure that emissions do not exceed the specified limits, with no reported cases of exceeding discharge standards[58]. Financial Management and Investments - The company has no plans to distribute cash dividends or issue new shares in the near term, prioritizing reinvestment into growth strategies[7]. - The company reported a total initial investment cost of ¥950,201,826.70 in domestic and foreign stocks, with a current book value of ¥458,948,024.76[43]. - The company has a total of CNY 15 billion in guarantees approved for Beijing Jingu Zhitong Green Chain Technology Co. and CNY 4 billion for Tianjin Jinshi Zhilian Technology Co.[91]. - The company has a total of CNY 1.5 billion in guarantees for Shenyang Jidong Cement Co. with various guarantee dates throughout 2023[90]. Operational Challenges - The company has identified potential risks related to raw material costs, which could impact profit margins if not managed effectively[9]. - The company faced risks from macroeconomic slowdown affecting demand, with strategies to enhance core competitiveness and expand market share[46]. - The company is addressing risks from industrial policy impacts by promoting low-carbon transformation and enhancing energy efficiency[47]. - The company is monitoring raw material price fluctuations, particularly coal and electricity, which significantly affect production costs[48]. Shareholder and Equity Information - The total number of shares increased by 76 shares during the reporting period, resulting in a total of 2,658,214,783 shares[99]. - The company’s major shareholder, Beijing Jinyu Group, holds 1,065,988,043 shares, representing a significant portion of the total shares[102]. - The company’s total shareholding structure includes significant holdings by state-owned entities, accounting for 41.78% of the total shares[99]. - The company’s unrestricted shares account for 58.21% of the total shares, while limited sale condition shares account for 41.79%[99]. Compliance and Governance - The company has not reported any major events related to its subsidiaries during the reporting period[97]. - The company has no non-operating fund occupation by controlling shareholders or related parties[76]. - The company has no violations regarding external guarantees during the reporting period[76]. - The company has engaged in consumption assistance and public welfare activities, with a total procurement amount of nearly 5.86 million yuan from assisted areas in the first half of the year[75]. Financial Ratios and Metrics - The company's debt-to-asset ratio at the end of the reporting period was 50.26%, an increase of 1.68% compared to the end of the previous year[123]. - The interest coverage ratio improved to -1.50, a significant increase of 158.24% compared to -0.58 in the previous year[123]. - The company's current ratio improved to 0.9655, an increase of 6.57% compared to the previous year[123]. - The cash interest coverage ratio decreased to 2.50, down 17.49% from the previous year[123].

证券代码：601992 证券简称：金隅集团 编号：临 2024－039 北京金隅集团股份有限公司 关于参与天津建材股权公开挂牌竞买的公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 一、交易概述 2024 年 8 月 30 日，北京金隅集团股份有限公司（以下简称"金隅集 团""公司"）召开第七届董事会第四次会议，审议通过了《关于公司参 与天津建材股权公开挂牌竞买的议案》。 天津市建筑材料集团（控股）有限公司（以下简称"天津建材"）少 数股东天津教育发展投资有限公司（以下简称"教投公司"）在天津产 权交易中心公开挂牌转让的天津建材 11.816%股权的竞买，竞买底价为 97,994.42 万元（以下简称"本次竞买事宜"）。金隅集团拟以自有资金 1 金隅集团拟参与天津建材少数股东教投公司公开挂牌转让天津 建材 11.816%股权的竞买，竞买底价为 97,994.42 万元。 本次交易不构成关联交易。 本次交易不构成重大资产重组。 本次交易在董事会审议权限范围内，无需提交股东大会审议。 本次交易能否摘牌成功以及 ...

二、关于公司2024年上半年计提资产减值准备的议案 证券代码：601992 证券简称：金隅集团 编号：临 2024－036 北京金隅集团股份有限公司 第七届董事会第四次会议决议公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 北京金隅集团股份有限公司（以下简称"公司"、"本公司"或 "金隅集团"）于 2024 年 8 月 30 日在北京市东城区北三环东路 36 号环球贸易中心 D 座 22 层第六会议室召开了第七届董事会第四次 会议，应出席本次会议的董事 10 名，实际出席会议的董事 10 名； 公司监事、高级管理人员列席了本次会议。会议的召开符合《公司 法》和公司《章程》等规定。会议由执行董事、总经理顾昱先生主 持，审议通过了以下议案： 一、关于公司2024年半年度报告、报告摘要及业绩公告的议案 表决结果：同意10票；弃权0票；反对0票。 本议案已经公司董事会审计委员会审议同意。 详情请参阅公司于同日在《中国证券报》《上海证券报》《证券日 报》《证券时报》及上海证券交易所网站披露的《北京金隅集团股份有 限公司关于202 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was approximately RMB 45,562.4 million, a decrease of about 7.3% compared to the same period in 2023[2]. - Net loss for the period was approximately RMB 1,749.5 million, compared to a net profit of RMB 14.7 million in the same period of 2023[2]. - Basic loss per share attributable to shareholders of the parent company was approximately RMB 0.12, compared to earnings of RMB 0.0025 per share in the same period of 2023[2]. - The company reported a decrease in undistributed profits from RMB 25.27 billion to RMB 23.67 billion, a drop of 6.34%[13]. - The company reported a total loss of approximately RMB 1.07 billion, compared to a profit of approximately RMB 425.68 million for the same period in 2023, indicating a significant decline in performance[36]. - The main business gross profit was RMB 4,332,620, reflecting an 18.2% decline from RMB 5,295,552 in the previous year[82]. - The company reported a net loss attributable to shareholders of RMB 1,749,543, compared to a profit of RMB 14,659 in the previous year, marking a significant decline of RMB 1,764,202[82]. Revenue Breakdown - The revenue from the new green building materials segment was RMB 35,463,913,270.84, while the real estate development and operation segment contributed RMB 10,985,962,743.28 for the six months ended June 30, 2024[16]. - The revenue from contracts with customers was RMB 44,341,508,860.69 for the six months ended June 30, 2024, down from RMB 48,042,681,916.22 in the previous year[21]. - The cement business reported a main operating revenue of approximately RMB 35,256.2 million, a year-on-year decrease of about 8.9%, with a gross profit margin of 10.4%, down by 0.2 percentage points[85]. - The real estate development segment achieved main operating revenue of approximately RMB 10,758.2 million, a year-on-year decrease of about 2.1%[87]. Expenses and Costs - The gross profit margin for the main business was approximately 9.6%, down by about 1.3 percentage points from the same period in 2023[2]. - Research and development expenses for the period were approximately RMB 301.3 million, an increase from RMB 261.0 million in the same period of 2023[7]. - Total sales expenses for the six months ended June 30, 2024, were RMB 1,115,344,204.47, a decrease of 2.3% compared to RMB 1,140,672,621.36 for the same period in 2023[25]. - Management expenses increased to RMB 3,379,050,662.91 for the six months ended June 30, 2024, up 3.4% from RMB 3,267,483,302.50 in the prior year[26]. - Financial expenses totaled RMB 1,584,491,885.65, an increase of 22.3% compared to RMB 1,295,006,381.58 for the same period in 2023[28]. Assets and Liabilities - Total assets increased to RMB 270.46 billion as of June 30, 2024, compared to RMB 269.68 billion as of December 31, 2023, reflecting a growth of 0.29%[12]. - Total liabilities amounted to RMB 176.73 billion, up from RMB 175.31 billion, reflecting an increase of 0.81%[12]. - Current liabilities decreased to RMB 107.90 billion from RMB 117.60 billion, a reduction of 8.93%[11]. - Long-term borrowings increased to RMB 50.85 billion from RMB 37.74 billion, marking a rise of 34.66%[12]. - The company’s total liabilities increased by 47.0% year-on-year, primarily due to acquisitions[96]. Cash Flow and Equity - Cash and cash equivalents at the end of the reporting period were approximately RMB 15,487.8 million, down from RMB 17,332.1 million at the end of 2023[9]. - Total equity attributable to shareholders of the parent company at the end of the reporting period was approximately RMB 72,827.8 million, a decrease of about RMB 179.3 million from the beginning of the period[4]. - The company’s net current assets increased by 42.2% to RMB 33,377,744 from RMB 23,469,628 in the previous year[82]. - The group’s monetary funds were approximately RMB 15,487.8 million, a decrease of about RMB 1,844.3 million compared to the beginning of the reporting period[107]. Strategic Initiatives - The company aims to enhance its core competencies in green building materials and real estate, focusing on ecological and sustainable development strategies[97]. - The company plans to strengthen cost management and implement differentiated marketing strategies in the cement business to stabilize volume and increase prices[75]. - The company will enhance technological innovation and accelerate the industrialization of new products in the second half of 2024[75]. - The company aims to control national cement clinker capacity at around 1.8 billion tons by the end of 2025, with 30% of capacity meeting benchmark energy efficiency standards[104]. Market and Industry Context - The cement industry faced significant challenges in the first half of 2024, with a substantial decline in sales prices and volumes, leading to increased losses compared to the previous year[106]. - The company is focusing on product innovation and service optimization to create a differentiated competitive advantage in the cement market[106]. - The company has accelerated horizontal and vertical integration within its industry chain, enhancing its core competitiveness and resilience, with a focus on expanding its modern industrial system[98]. Corporate Governance - The company has adhered to the corporate governance code as per the listing rules, ensuring accountability and performance improvement[125]. - The board consists of four executive directors, two non-executive directors, and four independent non-executive directors, ensuring a strong independent element[126]. - The audit committee, comprising two non-executive directors and four independent non-executive directors, reviewed the group's unaudited interim consolidated financial statements for the six months ended June 30, 2024[127].

Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2024 to be between -750 million and -950 million yuan, a year-on-year decline of 283% to 332%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between -2.05 billion and -2.25 billion yuan, a year-on-year decline of 274% to 310%[3] - In the same period last year, the net profit attributable to shareholders was 410 million yuan, and the net profit after deducting non-recurring gains and losses was -548.63 million yuan[4] Sales and Development - Cement and clinker sales were 38 million tons, a decrease of 5.96 million tons or 13.2% compared to the same period last year[5] - The company reported a decrease in real estate development area recognized of approximately 39,600 square meters, down 22.2% from 50,900 square meters in the same period last year[5] Cost Management and Innovation - The company implemented cost reduction measures, achieving a decrease in cement and clinker costs by over 12%[6] - The company is focusing on new material industries and enhancing technological innovation to drive sustainable development[6] Business Strategy - The company is expanding its C-end business and developing a new retail model in the Beijing-Tianjin-Hebei market[7] - The company aims to optimize asset utilization and create new growth momentum[6] Reporting and Data - The financial data provided is preliminary and subject to final confirmation in the official half-year report[7]

证券代码：601992 证券简称：金隅集团 编号：临 2024－024 北京金隅集团股份有限公司 关于上海证券交易所《关于公司 2023 年年度报告的信 息披露监管工作函》的回复公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 北京金隅集团股份有限公司（以下简称"本公司""公司""金隅集 团"）于近期收到上海证券交易所《关于北京金隅集团股份有限公司 2023 年年度报告的信息披露监管工作函》（上证公函【2024】0461 号）（以 下简称"《监管工作函》"），根据相关规定，现将《监管工作函》相关 内容回复如下： 问题一：关于业绩变化 年报显示，公司 2023 年实现营业收入 1079.6 亿元，同比增加 5%； 归母净利润 0.25 亿元，同比减少 97.9%；扣非后归母净利润-20.28 亿元， 亏幅扩大。经营活动现金流净额 71.41 亿元，同比减少 48.87%，主要系 经营活动现金流入减少所致；分季度看，第四季度经营活动现金流净额 -18.55 亿元。分业务板块看，绿色建材板块营业收入 794.69 亿元，毛利 ...

Financial Performance - The company reported operating revenue of approximately RMB 12,833.61 million for the first quarter of 2024, representing a decrease of 45.34% compared to the same period last year[4]. - The net loss attributable to shareholders of the parent company was approximately RMB 1,308.58 million, an increase of 294.57% year-on-year[4]. - The basic earnings per share for the quarter was RMB -0.12, reflecting a decrease of 294.57% compared to the previous year[4]. - Operating revenue decreased by 45.3% primarily due to a year-on-year decline in cement and real estate income[8]. - Net profit attributable to shareholders decreased by 294.57%[8]. - Basic earnings per share decreased by 294.57 yuan per share[8]. - The total profit decreased by 173.9% primarily due to a decline in revenue and gross profit[8]. - The net profit for Q1 2024 was a loss of CNY 2.08 billion, compared to a loss of CNY 843.15 million in Q1 2023[22]. - The company reported an operating profit loss of CNY 2.01 billion in Q1 2024, worsening from a loss of CNY 743.89 million in Q1 2023[22]. - The total comprehensive income for Q1 2024 was a loss of CNY 2.09 billion, compared to a loss of CNY 860.93 million in Q1 2023[23]. Cash Flow - The net cash flow from operating activities was approximately RMB -4,919.45 million, a decline of 450.90% year-on-year[4]. - Cash inflow from operating activities decreased to approximately 17.54 billion RMB, down from 28.06 billion RMB in the same period last year, resulting in a net cash outflow of approximately 4.92 billion RMB[26]. - Cash inflow from investment activities was approximately 461.97 million RMB, while cash outflow totaled approximately 1.70 billion RMB, leading to a net cash outflow of approximately 1.24 billion RMB[27]. - The total cash and cash equivalents at the end of the period amounted to approximately 15.18 billion RMB, an increase from 14.45 billion RMB at the end of the previous year[27]. - The cash inflow from operating activities was CNY 6,448,668,964.04, a decrease of 17.8% compared to CNY 7,846,078,199.59 in Q1 2023[28]. - The net cash flow from operating activities turned positive at CNY 2,228,557,000.86, compared to a negative cash flow of CNY -201,098,728.54 in the same period last year[28]. - Cash inflow from financing activities amounted to CNY 15,251,000,000.00, slightly up from CNY 15,141,000,000.00 in Q1 2023[29]. - The net cash flow from financing activities increased to CNY 2,418,133,661.17, compared to CNY 769,075,925.38 in the previous year[29]. - The total cash and cash equivalents at the end of Q1 2024 reached CNY 10,599,690,296.55, up from CNY 6,604,178,307.6 in Q1 2023[29]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 273,127.71 million, an increase of 1.28% from the end of the previous year[4]. - Current assets totaled CNY 144.29 billion, up from CNY 141.07 billion, indicating a growth of about 1.57%[15]. - Total liabilities were reported at CNY 144.29 billion, reflecting a slight increase from the previous period[16]. - Long-term borrowings increased by 35.1% compared to the beginning of the period[8]. - Total liabilities increased to ¥181.13 billion from ¥175.31 billion, a rise of approximately 4.6%[17]. - Current liabilities decreased to ¥109.07 billion from ¥117.60 billion, a decline of about 7.5%[17]. - Total equity decreased to ¥64.54 billion from ¥64.83 billion, a decline of about 0.4%[20]. - The total owner's equity (or shareholder equity) amounted to ¥92.00 billion, down from ¥94.36 billion, a decrease of approximately 2.5%[17]. Non-Recurring Items - Non-recurring gains and losses included a loss from the disposal of non-current assets amounting to RMB 44.44 million[5]. - The company received government subsidies amounting to RMB 82.71 million, which are closely related to its normal business operations[5]. - The company reported a total of RMB 89.36 million in other non-recurring gains and losses after tax adjustments[6]. - The company recognized VAT refunds amounting to RMB 10.07 million, in compliance with national policy regulations[7]. Investments and Expenses - Investment income increased by 4,956.8% due to the recognition of investment income from cooperative projects[8]. - Research and development expenses increased to CNY 133.09 million in Q1 2024, up 27.6% from CNY 104.34 million in Q1 2023[21]. - The company recorded investment income of CNY 314.53 million in Q1 2024, a significant increase from CNY 6.22 million in Q1 2023[21]. - The company’s financial expenses for Q1 2024 were CNY 780.83 million, an increase from CNY 695.24 million in Q1 2023[21]. Shareholder Information - The number of common shareholders at the end of the reporting period was 115,005[10].

Financial Performance - The company's operating revenue for Q1 2024 was CNY 12,833,613,657.82, representing a decrease of 45.34% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was CNY -1,308,584,185.55, a decline of 294.57% year-on-year[4]. - The net cash flow from operating activities was CNY -4,919,449,992.24, reflecting a decrease of 450.90% compared to the previous year[4]. - The basic and diluted earnings per share were both CNY -0.12, a decrease of 294.57% year-on-year[4]. - The net loss for Q1 2024 was ¥2,013,658,905.40, compared to a loss of ¥743,894,042.69 in Q1 2023, indicating a significant increase in losses[16]. - The total profit (loss) for Q1 2024 was -1,987,130,516.29 RMB, compared to -725,575,178.11 RMB in Q1 2023, indicating a significant increase in losses[17]. - The net profit (loss) attributable to shareholders of the parent company for Q1 2024 was -1,308,584,185.55 RMB, compared to -331,649,114.85 RMB in Q1 2023, reflecting a worsening financial position[17]. - The total comprehensive income for Q1 2024 was -2,089,660,893.63 RMB, compared to -860,929,861.46 RMB in Q1 2023, reflecting a significant increase in overall losses[17]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 273,127,705,390.91, an increase of 1.28% from the end of the previous year[5]. - Total current assets amounted to ¥144,293,768,230.84, up from ¥141,074,340,797.32, indicating an increase of about 1.56%[13]. - The total liabilities increased to ¥181,126,733,027.21 in Q1 2024 from ¥175,314,768,398.62 at the end of 2023, marking a rise of 4.6%[15]. - The company's equity attributable to shareholders decreased to ¥71,426,194,227.72 in Q1 2024 from ¥73,007,025,417.20 at the end of 2023, a decline of 2.2%[15]. - The company reported a decrease in total equity to CNY 64,538,599,673.96 as of March 31, 2024, down from CNY 64,828,073,497.74 at the end of 2023[23]. Cash Flow - The operating cash flow for Q1 2024 was -4,919,449,992.24 RMB, a decline from 1,401,956,142.58 RMB in Q1 2023, highlighting cash flow challenges[18]. - Total cash inflow from operating activities in Q1 2024 was 17,541,263,566.85 RMB, down from 28,058,183,001.81 RMB in Q1 2023[18]. - The net cash flow from operating activities improved to 2,228,557,000.86 CNY in Q1 2024, compared to a negative cash flow of -201,098,728.54 CNY in Q1 2023[27]. - Cash inflow from financing activities in Q1 2024 was 26,254,410,276.24 RMB, an increase from 20,142,574,849.62 RMB in Q1 2023, indicating stronger financing efforts[20]. - The net cash flow from financing activities increased to 2,418,133,661.17 CNY in Q1 2024, compared to 769,075,925.38 CNY in Q1 2023[28]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 115,005[9]. - The largest shareholder, Beijing State-owned Capital Operation Management Co., held 4,797,357,572 shares, representing 44.93% of total shares[9]. - The total number of shares held by the top ten shareholders accounted for a significant portion of the company's equity, with the top three shareholders alone holding over 70%[10]. Investment and Expenses - The company reported a significant increase in investment income of 4,956.8%, primarily due to profits from cooperative projects[8]. - Research and development expenses for Q1 2024 were ¥133,094,160.20, an increase from ¥104,336,088.54 in Q1 2023, representing a growth of 27.6%[16]. - The company's interest income for Q1 2024 was CNY 472,665,721.66, down from CNY 591,262,297.00 in Q1 2023, reflecting a decline in earnings from financial assets[24]. Operational Insights - The company has not indicated any significant changes in its operational strategies or market expansion plans during the reporting period[12]. - The company did not apply new accounting standards or interpretations for the first time in 2024[29].