Financial Performance - For the first quarter of 2024, the company achieved operating revenue of RMB 274,948,792 thousand, representing a year-on-year increase of 0.52%[3] - The net profit attributable to shareholders for the same period was RMB 6,025,004 thousand, reflecting a year-on-year growth of 1.98%[3] - The basic earnings per share for the first quarter was RMB 0.399, which is a 2.57% increase compared to the same period last year[3] - Operating profit for Q1 2024 was CNY 8,654,646, compared to CNY 8,443,459 in Q1 2023, marking an increase of approximately 2.49%[24] - Net profit for Q1 2024 reached CNY 7,092,243, compared to CNY 6,897,516 in Q1 2023, indicating an increase of about 2.81%[24] - Total profit for Q1 2024 was 435,722,000, compared to 872,181,000 in Q1 2023, reflecting a significant decline[37] - Comprehensive income for Q1 2024 totaled 456,106,000, compared to 697,435,000 in Q1 2023[38] Assets and Liabilities - The total assets at the end of the first quarter were RMB 1,709,108,441 thousand, an increase of 2.77% compared to the end of the previous year[3] - The total amount of uncompleted contracts as of March 31, 2024, is RMB 698.86212 billion, an increase of 4.47% compared to the end of the previous year[11] - The company's total current assets amounted to RMB 1,104,650,485 thousand, an increase from RMB 1,064,752,631 thousand as of December 31, 2023, reflecting a growth of approximately 3.5%[18] - The company's total non-current assets reached RMB 604,457,956 thousand as of March 31, 2024, compared to RMB 598,266,947 thousand at the end of 2023, indicating a growth of about 1.5%[19] - The total liabilities as of March 31, 2024, amounted to CNY 1,291,646,260, up from CNY 1,245,899,805 as of December 31, 2023, reflecting a growth of approximately 3.67%[22] - The company's short-term borrowings increased significantly to RMB 120,470,173 thousand as of March 31, 2024, compared to RMB 81,839,758 thousand at the end of 2023, marking an increase of about 47%[20] Shareholder Information - The company had a total of 258,109 common shareholders at the end of the reporting period[5] - The largest shareholder, China Railway Construction Group Co., Ltd., holds 51.23% of the shares[5] - The controlling shareholder, China Railway Construction Group, has completed a share buyback plan, acquiring 13,580,000 A-shares, which is 0.1% of the company's total share capital, for a total amount of RMB 106 million[17] Contracts and Business Segments - The total amount of new contracts signed from the beginning of the year to the end of the reporting period is RMB 550.6895 billion, achieving 18.35% of the annual plan, with a year-on-year growth of 2.05%[11] - Domestic business new contracts amount to RMB 516.7436 billion, accounting for 93.84% of the total new contracts, with a year-on-year growth of 1.46%[11] - The engineering contracting industry new contracts amount to RMB 4,101.120 billion, with a year-on-year growth of 3.12%[12] - The green environmental protection industry new contracts amount to RMB 276.795 billion, with a significant year-on-year growth of 36.70% due to the company's commitment to green development[12] - The real estate development industry new contracts amount to RMB 137.156 billion, showing a year-on-year decline of 31.85% due to the ongoing downturn in the real estate market[12] - The railway engineering new contracts amount to RMB 298.477 billion, reflecting a year-on-year decline of 43.26% due to reduced project bidding[13] - The water conservancy and water transport engineering new contracts amount to RMB 227.328 billion, with a year-on-year growth of 43.84% driven by national water network construction plans[14] - The total amount of new contracts in the infrastructure construction projects is RMB 4,841.569 billion, accounting for 87.92% of the total new contracts, with a year-on-year growth of 4.93%[13] Management Changes - The company appointed Dai Hegen as the new chairman and added him to the executive director team, with the changes effective from January 30, 2024[15] - The company is in the process of filling a vacancy in the supervisory board following the resignation of supervisor Liu Zhengchang, which was due to work relocation[16] - The strategic and investment committee of the board was restructured, with Dai Hegen serving as the chairman of the committee[15] Cash Flow and Investments - The net cash flow from operating activities was reported at RMB -46,593,910 thousand, which is not applicable for year-on-year comparison[3] - Cash inflow from operating activities for Q1 2024 was CNY 291,632,380, slightly higher than CNY 291,587,304 in Q1 2023, indicating a growth of approximately 0.02%[27] - The company reported a significant decrease in net cash flow, indicating potential challenges in operational efficiency and market conditions[40] - The company reported a net cash outflow from investing activities of CNY -13,670,662 in Q1 2024, an improvement from CNY -15,200,506 in Q1 2023[29] - Cash inflow from financing activities in Q1 2024 was CNY 107,716,826, compared to CNY 90,073,623 in Q1 2023, indicating a 19.6% increase[29]
中国铁建(01186) - 2024 Q1 - 季度业绩