CPEC(600339)2025-04-25 11:25Financial Performance - The company's operating revenue for Q1 2025 was CNY 17.13 billion, representing a year-on-year increase of 16.26% compared to CNY 14.73 billion in the same period last year[4]. - The net profit attributable to shareholders decreased by 19.82% to CNY 194.17 million from CNY 242.19 million in the previous year[4]. - The total profit for the current period is CNY 347,739,949.04, a decrease from CNY 367,471,413.17 in the previous period, representing a decline of approximately 1.99%[23]. - The net profit for the current period is CNY 199,245,411.03, down from CNY 243,446,755.23 in the previous period, indicating a decrease of about 18.14%[23]. - Basic and diluted earnings per share for the current period are CNY 0.0348, down from CNY 0.0434 in the previous period, a decline of about 19.77%[23]. Cash Flow - The net cash flow from operating activities was negative at CNY -9.49 billion, compared to CNY -6.24 billion in the same period last year, indicating a significant cash outflow[4][7]. - The net cash flow from operating activities is -CNY 9,494,484,117.39, worsening from -CNY 6,242,524,658.99 in the previous year[27]. - The company reported cash inflows from operating activities totaling CNY 17,378,416,334.91, compared to CNY 14,456,040,377.89 in the previous year, reflecting an increase of approximately 20.00%[27]. - The cash outflows from operating activities increased to CNY 26,872,900,452.30 from CNY 20,698,565,036.88, marking an increase of about 29.66%[27]. - The net cash flow from investing activities is -CNY 39,399,557.90, an improvement from -CNY 54,693,826.94 in the previous year[28]. - The company generated CNY 2,000,000,000.00 in cash inflows from financing activities, compared to CNY 1,000,000.00 in the previous year, indicating a significant increase[28]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 109.65 billion, an increase of 1.11% from CNY 108.44 billion at the end of the previous year[5]. - Total assets as of March 31, 2025, amounted to approximately ¥109.65 billion, up from ¥108.44 billion at the end of 2024[19]. - Total liabilities increased to approximately ¥82.92 billion from ¥81.93 billion, reflecting a rise of 1.2%[19]. - The balance of guarantees as of March 31, 2025, was approximately ¥46.79 billion, with internal guarantees accounting for about ¥35.95 billion and external guarantees approximately ¥10.84 billion[15]. Market Performance - The company signed new contracts worth CNY 29.52 billion during the reporting period, a year-on-year growth of 6.38%[11]. - The domestic market accounted for 81.96% of the new contracts signed, totaling CNY 24.20 billion, while the overseas market contributed CNY 5.33 billion, or 18.04%[11]. Operational Metrics - The gross profit margin for the pipeline and storage business declined due to increased market competition and lower-than-expected claims from overseas projects[7]. - Total operating costs for Q1 2025 were approximately ¥16.74 billion, up from ¥14.21 billion in Q1 2024, reflecting a growth of 17.7%[22]. - Operating profit for Q1 2025 was approximately ¥332.21 million, a decrease of 9.4% from ¥366.53 million in Q1 2024[22]. - The company reported a research and development expense of approximately ¥238.63 million for Q1 2025, compared to ¥166.24 million in Q1 2024, indicating a growth of 43.4%[22]. - The company’s net interest income for Q1 2025 was approximately ¥46.35 million, down from ¥59.51 million in Q1 2024, a decrease of 22.1%[22]. Shareholder Information - The company reported a total of 64,316 common shareholders at the end of the reporting period[9]. - Cash and cash equivalents decreased to approximately ¥23.60 billion from ¥31.40 billion as of December 31, 2024, representing a decline of 24.9%[17]. - Accounts receivable increased to approximately ¥15.89 billion from ¥11.79 billion, marking a growth of 34.4%[17].