Financial Performance - Revenue for the reporting period was CNY 21,327,718,918, a decrease of 32.08% compared to the previous year[4] - Net profit attributable to shareholders was CNY 1,502,318,719, down 41.14% year-on-year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,368,419,403, a decrease of 36.56% compared to the same period last year[4] - Basic and diluted earnings per share were both CNY 0.28, down 40.91% from the previous year[4] - Weighted average return on equity decreased by 0.57 percentage points to 0.81%[4] - The decline in revenue and profit was primarily due to a decrease in sales volume and prices of cement products[9] - Total operating revenue for Q1 2024 was RMB 21,327,718,918, a decrease of 32.2% compared to RMB 31,403,390,457 in Q1 2023[17] - The company's operating profit for Q1 2024 was CNY 1.71 billion, a decrease of 42.9% compared to CNY 3.00 billion in Q1 2023[18] - Net profit attributable to shareholders for Q1 2024 was CNY 1.50 billion, down 41.1% from CNY 2.55 billion in Q1 2023[18] - Total comprehensive income for Q1 2024 was CNY 1.39 billion, a decline of 44.0% from CNY 2.47 billion in Q1 2023[18] - The company reported a decrease in sales revenue from CNY 37.84 billion in Q1 2023 to CNY 25.07 billion in Q1 2024, reflecting a decline of 33.8%[20] Cash Flow and Assets - Net cash flow from operating activities was CNY 159,585,210, a significant decline of 94.87% year-on-year[4] - Cash flow from operating activities for Q1 2024 was CNY 159.59 million, significantly lower than CNY 3.11 billion in Q1 2023[20] - Cash and cash equivalents as of March 31, 2024, were RMB 66,336,636,055, down from RMB 68,382,205,847 as of December 31, 2023[14] - The company's cash and cash equivalents at the end of Q1 2024 were CNY 11.47 billion, a decrease from CNY 18.43 billion at the end of Q1 2023[21] - Total assets at the end of the reporting period were CNY 245,174,906,636, a slight decrease of 0.48% compared to the end of the previous year[4] - Total assets decreased to RMB 245,174,906,636 from RMB 246,356,360,411, indicating a slight contraction in the company's asset base[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 291,919[10] - Anhui Conch Group Co., Ltd. holds 1,928,870,014 shares, accounting for 36.40% of the total shares[10] - Hong Kong Central Clearing Limited holds 1,297,858,090 shares, representing 24.49% of the total shares[10] - The company has a repurchase account holding 22,242,535 shares, which is 0.42% of the total issued capital[11] - The total number of shares held by the top ten unrestricted shareholders is 3,346,000,000 shares[10] - The proportion of shares held by the top ten unrestricted shareholders is 63.00% of the total shares[10] - The top ten shareholders do not have any related party relationships or concerted actions[10] Operational Insights - The company does not have any significant changes in the operational situation during the reporting period[13] - There are no applicable reminders for investors regarding the company's operational situation during the reporting period[13] - The acquisition of Anhui Conch Information Technology Engineering Co., Ltd. and its subsidiary was completed in January 2024, requiring restatement of prior financial statements[7] Costs and Expenses - Total operating costs for Q1 2024 were RMB 19,736,771,656, down 31.2% from RMB 28,708,158,815 in Q1 2023[17] - Research and development expenses in Q1 2024 amounted to RMB 185,757,727, a decrease of 30% from RMB 265,299,174 in Q1 2023[17] - Cash inflow from investment activities in Q1 2024 was CNY 5.71 billion, down 49.1% from CNY 11.22 billion in Q1 2023[21] - Cash outflow from investment activities for Q1 2024 was CNY 6.56 billion, a decrease of 46.5% compared to CNY 12.27 billion in Q1 2023[21] - Net cash flow from financing activities for Q1 2024 was CNY 580.43 million, an increase from CNY 68.48 million in Q1 2023[21] Debt and Liabilities - Long-term borrowings increased to RMB 16,694,144,033 from RMB 15,611,937,445, suggesting a strategy to leverage debt for growth[16]
海螺水泥(00914) - 2024 Q1 - 季度业绩