2024-04-29 08:51Financial Performance - The company's operating revenue for Q1 2024 was CNY 7,983,091,405, representing a decrease of 14.05% compared to the same period last year[4]. - Net profit attributable to shareholders of the parent company was CNY 2,489,358,737, down 18.13% year-on-year[4]. - The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was CNY 2,049,710,209, a decline of 25.46% compared to the previous year[4]. - Total operating revenue for Q1 2024 was CNY 7,983,091,405, a decrease of 13.9% from CNY 9,288,045,652 in Q1 2023[18]. - Net profit attributable to shareholders of the parent company for Q1 2024 was CNY 2,489,358,737, down 18.1% from CNY 3,040,521,708 in Q1 2023[18]. - Total comprehensive income for Q1 2024 was CNY 2,589,279,980, a decrease from CNY 3,216,973,078 in Q1 2023, representing a decline of approximately 19.5%[19]. - Basic earnings per share for Q1 2024 was CNY 0.26, down from CNY 0.33 in Q1 2023, reflecting a decrease of about 21.2%[19]. - The company reported a significant investment loss of CNY 4,652,883,747 in Q1 2024, contrasting with a gain of CNY 1,353,461,619 in Q1 2023[24]. - The company reported a net interest income of CNY 350,388,144, a significant decline from CNY 692,777,050 in the same period last year[18]. - The company’s other income rose to CNY 597,034,701, compared to CNY 382,754,486 in Q1 2023[18]. Cash Flow and Assets - The net cash flow from operating activities was -CNY 13,016,163,544, indicating a significant cash outflow[4]. - Net cash flow from operating activities for Q1 2024 was CNY -13,016,163,544, an improvement from CNY -20,749,537,510 in Q1 2023[20]. - Cash flow from operating activities showed a net outflow of CNY 12,983,894,619 in Q1 2024, compared to a net outflow of CNY 13,435,224,391 in Q1 2023[25]. - The company’s cash and cash equivalents increased to CNY 178,161,832,464 from CNY 161,875,853,168 year-over-year[16]. - Cash and cash equivalents at the end of Q1 2024 amounted to CNY 169,839,213,678, compared to CNY 181,779,083,196 at the end of Q1 2023, a decrease of about 6.6%[21]. - Cash and cash equivalents at the end of Q1 2024 were CNY 134,463,786,202, down from CNY 155,713,718,467 at the end of Q1 2023, a decrease of approximately 13.6%[26]. - The total assets at the end of the reporting period were CNY 910,576,980,843, down 1.60% from the end of the previous year[5]. - The total assets as of March 31, 2024, were CNY 910,576,980,843, a decrease from CNY 925,402,484,366 at the end of 2023[17]. - The total assets as of March 31, 2024, were CNY 635,243,881,462, down from CNY 685,950,956,921 at the end of December 2023, a reduction of approximately 7.4%[22]. - The company reported a net decrease in financial assets held for trading of CNY 9,974,033,827 in Q1 2024, contrasting with a net increase of CNY 22,123,833,102 in Q1 2023[20]. Shareholder Information - The top shareholder, Shanghai State-owned Assets Operation Co., holds 21.35% of the shares[10]. - The second largest shareholder, Hong Kong Central Clearing (Agent) Co., holds 15.63% of the shares[10]. - The company reported a total of 1,900,963,748 unrestricted circulating shares held by Shanghai State-owned Assets Operation Co.[11]. - The total number of shareholders at the end of the reporting period was 156,971 for A shares and 167 for H shares[11]. - The total number of unrestricted circulating shares held by the top ten shareholders is significant, with the largest being 1,900,963,748 shares[11]. - The company has not reported any changes in the top ten shareholders due to borrowing or returning shares during the reporting period[14]. Liabilities and Equity - Total liabilities decreased to CNY 734,601,759,115 from CNY 752,024,473,921 year-over-year[17]. - The company’s total liabilities decreased to CNY 516,000,000,000 as of March 31, 2024, from CNY 550,000,000,000 at the end of December 2023, indicating a reduction of approximately 6.2%[22]. - Total liabilities decreased to CNY 487,157,599,364 as of March 31, 2024, from CNY 540,152,267,561 as of December 31, 2023, a reduction of approximately 9.8%[23]. - Equity attributable to shareholders of the parent company increased to CNY 169,440,926,442, reflecting a growth of 1.48% year-on-year[5]. - The company’s equity attributable to shareholders increased to CNY 169,440,926,442 from CNY 166,969,253,616 year-over-year[17]. - Total equity increased to CNY 148,086,282,098 as of March 31, 2024, compared to CNY 145,798,689,360 as of December 31, 2023, an increase of about 1.6%[23]. Government Support and Other Income - The company received government subsidies amounting to CNY 551,748,347, primarily from fiscal support funds[6]. - The company’s total operating expenses decreased to CNY 4,749,267,577 from CNY 5,280,069,036 in the previous year[18]. - The company issued bonds raising CNY 2,020,000,000 in Q1 2024, a decrease from CNY 20,230,000,000 in Q1 2023[26].