BURTC(600861)2024-04-25 13:21Financial Performance - The net profit attributable to shareholders of the listed company was CNY 210,691,942.21, a decrease of 30,402,163.42 compared to the previous period, representing a decline of 18.92%[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 185,990,239.23, an increase of 716.31% compared to the previous period[6] - Basic earnings per share were CNY 0.3722, down 43.85% from the previous period[6] - The net profit for the first quarter of 2024 was CNY 245,514,004.03, down from CNY 428,801,480.36 in the same period last year, indicating a decrease of approximately 42.7%[23] - Net profit attributable to shareholders of the parent company for Q1 2024 was ¥210,691,942.21, down 19% from ¥259,850,016.56 in Q1 2023[46] - Earnings per share for Q1 2024 were ¥0.3722, a decrease from ¥0.6629 in Q1 2023[46] Cash Flow - The net cash flow from operating activities was -CNY 735,219,191.31, a decrease of 488.27% compared to the previous period[6] - The company reported a net cash outflow from operating activities of ¥735,219,191.31 in Q1 2024, compared to a net inflow of ¥189,357,852.46 in Q1 2023[58] - Cash inflows from operating activities totaled ¥11,840,661,327.02 in Q1 2024, down from ¥14,314,437,471.57 in Q1 2023, indicating a decline of approximately 17.3%[58] - The company’s cash outflows for purchasing goods and services were ¥10,284,921,279.89 in Q1 2024, compared to ¥12,871,850,097.53 in Q1 2023, a decrease of about 20%[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,412,637,342.48, an increase of 0.33% compared to the end of the previous year[6] - The total assets increased to CNY 16,412,637,342.48 as of March 31, 2024, compared to CNY 16,359,163,610.86 as of December 31, 2023, reflecting a growth of approximately 0.33%[20] - The company’s total liabilities increased to CNY 15,207,173,276.95 as of March 31, 2024, compared to CNY 15,105,651,102.59 as of December 31, 2023, reflecting a growth of about 0.67%[20] - The total liabilities decreased from 9,390,298,725.68 RMB to 9,206,993,640.52 RMB, indicating a reduction in overall debt levels[43] - The total liabilities decreased to ¥9,431,084,766.41 in Q1 2024 from ¥9,623,488,638.82 in Q1 2023, reflecting a reduction of approximately 2%[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,742[10] - The largest shareholder, Beijing State-owned Capital Operation Management Co., Ltd., held 49.23% of the shares, totaling 278,693,093 shares[10] - The total equity attributable to shareholders of the parent company increased to ¥6,225,390,773.14 in Q1 2024, up from ¥6,014,698,830.93 in Q1 2023, representing a growth of about 3.5%[44] Operating Performance - Operating revenue for the first quarter of 2024 reached CNY 10,550,147,022.62, representing a year-over-year increase of 12.87% from CNY 9,347,269,923.76[28] - Total operating costs rose to CNY 10,283,112,163.76 in Q1 2024, compared to CNY 9,155,331,130.46 in Q1 2023, marking an increase of about 12.3%[23] - Total operating revenue for Q1 2024 reached ¥10,550,147,022.62, an increase of 12.8% compared to ¥9,347,269,923.76 in Q1 2023[44] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 33,216,730.21, primarily related to normal business operations[6] - The company reported a non-recurring gain of CNY 2,394,639.35 from the disposal of non-current assets, mainly due to lease terminations[6] - The company reported a total profit of 24,701,702.98 RMB for the current period, with a significant impact from government subsidies excluded from the profit and loss statement[31] - The fair value changes of financial assets and liabilities held by non-financial enterprises resulted in a profit of 628,785.72 RMB, primarily from guaranteed financial products[31] Investment and R&D - Research and development expenses for Q1 2024 were CNY 9,412,233.51, slightly lower than CNY 10,182,143.88 in Q1 2023, reflecting a decrease of about 7.6%[23] - The company reported a net cash outflow from investing activities of CNY -19,586,348.49 in Q1 2024, compared to CNY -135,167,992.83 in Q1 2023, indicating an improvement in cash flow management[26] - The long-term equity investment decreased to CNY 200,030,448.54 as of March 31, 2024, from CNY 202,427,021.67 as of December 31, 2023, a decline of approximately 1.2%[20] Other Financial Metrics - The return on weighted average net assets was 3.44%, a decrease of 1.40 percentage points compared to the previous period[6] - Cash and cash equivalents at the end of Q1 2024 were CNY 7,099,340,797.08, down from CNY 6,473,759,748.88 at the end of Q1 2023, showing a decrease of approximately 9.6%[26] - The company has not disclosed any new product developments or market expansion strategies during this reporting period[31] - There were no significant mergers or acquisitions reported in the current financial period[31]