重庆建工(600939) - 2025 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2025 was CNY 6,953,167,892.62, a decrease of 6.27% compared to CNY 7,418,287,826.14 in the same period last year[4] - Net profit attributable to shareholders was a loss of CNY 42,970,900.68, representing a decline of 196.27% from a profit of CNY 44,636,018.06 in the previous year[4] - Basic and diluted earnings per share were both CNY -0.02, a decrease of 200% compared to CNY 0.02 in the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -51,326,376.33, a decline of 330.39% from CNY 22,278,176.76 in the previous year[4] - Net profit for Q1 2025 was a loss of ¥41,463,460.91, compared to a profit of ¥46,064,176.90 in Q1 2024[21] - The net profit for Q1 2025 was a loss of ¥47,562,002.34, compared to a loss of ¥13,310,576.56 in Q1 2024, indicating a significant decline in profitability[31] Cash Flow - Net cash flow from operating activities was CNY -1,735,982,269.39, compared to CNY -1,547,350,656.27 in the same period last year[4] - In Q1 2025, the net cash flow from operating activities was -1,735,982,269.39 RMB, compared to -1,547,350,656.27 RMB in Q1 2024, indicating a decline in operational cash flow[25] - Total cash inflow from operating activities in Q1 2025 was 9,338,236,593.75 RMB, down from 13,300,730,696.51 RMB in Q1 2024, reflecting a decrease of approximately 29.5%[25] - Cash outflow from operating activities in Q1 2025 was 11,074,218,863.14 RMB, compared to 14,848,081,352.78 RMB in Q1 2024, a reduction of about 25.5%[25] - The net cash flow from financing activities in Q1 2025 was 164,450,143.45 RMB, compared to 351,984,212.85 RMB in Q1 2024, indicating a decline of approximately 53.3%[25] - The company reported a cash inflow from financing activities of 3,373,716,504.52 RMB in Q1 2025, down from 5,157,148,300.00 RMB in Q1 2024, a decrease of about 34.5%[25] - The cash outflow from investing activities in Q1 2025 was 71,517,771.48 RMB, significantly lower than 171,652,249.97 RMB in Q1 2024, indicating a reduction of approximately 58.3%[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 83,525,610,348.83, a decrease of 4.38% from CNY 87,347,361,847.01 at the end of the previous year[5] - The company's total assets amounted to CNY 83,525,610,348.83, a decrease from CNY 87,347,361,847.01 as of December 31, 2024[16] - The company's cash and cash equivalents were CNY 3,965,377,413.33 as of March 31, 2025, down from CNY 5,572,772,122.69 at the end of 2024[15] - Accounts receivable stood at CNY 21,230,951,927.88, a slight decrease from CNY 21,872,378,985.75 as of December 31, 2024[15] - The company's inventory increased to CNY 8,550,209,963.10 as of March 31, 2025, compared to CNY 8,284,606,759.27 at the end of 2024[15] - Current liabilities totaled CNY 52,000,000,000.00 as of March 31, 2025, reflecting a decrease from the previous period[16] - The company's total liabilities decreased to ¥75,603,373,885.00 in Q1 2025 from ¥79,396,098,743.56 in Q1 2024, a reduction of 4.5%[18] - The company's total liabilities were ¥21,859,292,194.17 as of Q1 2025, a decrease from ¥23,502,542,553.18 in Q1 2024[29] Shareholder Information - The total number of common shareholders at the end of the reporting period was 49,630[9] - The largest shareholder, Chongqing Construction Investment Holding Co., Ltd., held 44.40% of the shares, with 422,160,000 shares pledged[9] Contracts and Investments - The new contract amount signed by the company and its subsidiaries in Q1 2025 was CNY 1,616,911.87 million, representing an increase of approximately 2.13% compared to the same period last year[12] - The company has activated the conditional redemption clause for its convertible bonds due to stock price conditions, allowing bondholders to redeem at CNY 100.69 per bond[12] - The company’s long-term equity investments increased to CNY 969,583,624.37 as of March 31, 2025, compared to CNY 901,319,833.39 at the end of 2024[16] - The company’s non-current assets totaled CNY 19,320,704,042.55 as of March 31, 2025, an increase from CNY 19,016,942,586.21 at the end of 2024[16] - The company incurred financial expenses of ¥78,692,138.59 in Q1 2025, up from ¥59,459,474.15 in Q1 2024, reflecting increased borrowing costs[30] - The company’s investment activities generated a net cash inflow of ¥44,619,337.15 in Q1 2025, compared to a net outflow of ¥74,579,961.45 in Q1 2024[34] Research and Development - Research and development expenses for Q1 2025 were ¥21,198,998.07, down 43.5% from ¥37,526,537.54 in Q1 2024[20] - The company’s research and development expenses for Q1 2025 were ¥5,234,666.23, slightly down from ¥5,564,889.81 in Q1 2024, indicating a focus on cost management[30]