CCCCDC(600720)2025-04-25 11:30Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,674,304,617.44, representing a decrease of 21.77% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 93,931,655.49, showing an increase of 1.91% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 77,897,097.60, a decrease of 10.37% compared to the previous year[4] - The basic earnings per share (EPS) was CNY 0.0409, down 8.50% from CNY 0.0446 in the same period last year[4] - Total operating revenue for Q1 2025 was ¥1,674,304,617.44, a decrease of 21.7% compared to ¥2,140,357,986.76 in Q1 2024[20] - Net profit for Q1 2025 was ¥98,073,400.49, slightly up from ¥97,754,554.81 in Q1 2024, indicating a growth of 0.3%[21] - Earnings per share for Q1 2025 was ¥0.0409, compared to ¥0.0447 in Q1 2024, representing a decrease of 8.5%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 29,896,037,960.88, a decrease of 2.75% from the end of the previous year[5] - Total assets decreased to ¥29,896,037,960.88 in the latest reporting period from ¥30,742,886,825.01 in the previous period, a decline of 2.8%[17] - Total liabilities decreased to ¥14,429,845,431.41 from ¥15,382,251,584.31, reflecting a reduction of 6.2%[17] - The company’s total non-current assets amounted to ¥9,640,241,022.08, down from ¥9,711,793,013.42, a decrease of 0.7%[17] Shareholder Information - The controlling shareholder, China Communications Construction Company, and its concerted parties hold a total of 1,308,060,863 shares, accounting for approximately 57.01% of the total share capital[12] - China Communications Capital plans to increase its shareholding by no less than 100 million RMB and no more than 200 million RMB within 6 months starting from September 10, 2024[12] - The total number of ordinary shareholders at the end of the reporting period was 53,801[11] - The top 10 shareholders collectively hold 1,110,869,947 shares, representing 48.41% of the total share capital[11] Cash Flow and Investments - In Q1 2025, the cash inflow from operating activities was CNY 2,434,685,211.76, a decrease of 5.7% compared to CNY 2,581,212,661.57 in Q1 2024[25] - The net cash flow from operating activities was -CNY 1,072,821,168.11, worsening from -CNY 996,965,396.23 in the same period last year[25] - The net cash flow from investing activities was CNY 124,970,497.34, a significant improvement from -CNY 52,636,302.84 in Q1 2024[26] - Cash inflow from financing activities was CNY 10,192,161.20, compared to CNY 14,662,119.54 in Q1 2024, reflecting a decrease of 30.5%[26] - The ending cash and cash equivalents balance was CNY 6,578,175,092.28, an increase from CNY 5,276,818,272.31 year-over-year[26] Expenses and Impairments - The company experienced a 35.24% increase in taxes and surcharges, primarily due to higher urban construction tax and education surcharges[9] - Research and development expenses for Q1 2025 were ¥123,054,441.61, slightly up from ¥120,859,871.70 in Q1 2024, indicating an increase of 1.8%[20] - The company reported a credit impairment loss of ¥96,061,345.26 in Q1 2025, compared to ¥18,739,731.93 in Q1 2024, a significant increase of 413.5%[21] Other Financial Metrics - The weighted average return on equity (ROE) decreased by 0.12 percentage points to 0.62%[4] - Shareholders' equity attributable to the parent company was CNY 15,126,011,802.74, reflecting a slight increase of 0.67%[5] - The company reported a total of 1,146,752,167.22 RMB in contract assets as of March 31, 2025, slightly down from 1,152,524,813.07 RMB in the previous period[15] - The company has no significant changes in the participation of major shareholders in margin trading and securities lending[13] - The company did not apply new accounting standards for the first time in 2025[26]