GHEC(002060)2024-04-29 13:42Financial Performance - The company's operating revenue for Q1 2024 was ¥13,573,458,327.08, a decrease of 14.36% compared to ¥15,849,312,293.88 in the same period last year[7] - Net profit attributable to shareholders was ¥168,881,325.92, down 17.74% from ¥205,307,130.85 year-on-year[7] - Basic and diluted earnings per share decreased by 25.62% to ¥0.0450 from ¥0.0605 in the same period last year[7] - The company's net profit for the current period is approximately ¥175.15 million, a decrease of 17.0% compared to ¥211.15 million in the previous period[33] - Total operating income for the current period is approximately ¥240.04 million, down from ¥266.78 million, reflecting a decline of 10.0%[33] - The total comprehensive income attributable to the parent company is approximately ¥175.54 million, down from ¥211.84 million, a decrease of 17.1%[33] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥2,637,378,057.49, a 10.60% increase compared to -¥2,950,073,646.69 in the previous year[7] - Cash flow from operating activities shows a net outflow of approximately ¥2.64 billion, an improvement from a net outflow of ¥2.95 billion in the previous period[37] - Cash received from sales of goods and services is approximately ¥14.69 billion, down 7.9% from ¥15.95 billion in the previous period[37] - The company's cash and cash equivalents decreased to ¥18,026,174,733.68 from ¥21,082,732,801.52, representing a decline of 14.5%[27] - The ending balance of cash and cash equivalents is approximately ¥16.74 billion, an increase from ¥15.26 billion in the previous period[39] - The company reported a total cash outflow from investing activities of approximately ¥1.06 billion, significantly reduced from ¥2.47 billion in the previous period[39] - Cash flow from financing activities resulted in a net inflow of approximately ¥462.15 million, compared to a net inflow of ¥2.30 billion in the previous period[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥131,119,153,776.41, down 1.70% from ¥133,388,330,744.36 at the end of the previous year[7] - The total assets and liabilities amounted to RMB 131,119,153,776.41, down from RMB 133,388,330,744.36[24] - The company's total liabilities decreased to ¥116,843,064,815.71 from ¥119,240,321,388.28, a reduction of 2.0%[29] - Short-term borrowings rose to ¥7,616,296,334.25, an increase of 10.14% from ¥6,914,536,663.74[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 91,962[13] - The largest shareholder, Guangdong Provincial Construction Engineering Group Holdings Limited, holds 70.05% of the shares[13] - The company has not disclosed any related party transactions among its top shareholders[24] Operational Efficiency and Investments - The company has completed the internal transfer of equity stakes in 25 subsidiaries to streamline management and enhance market competitiveness[25] - The company has invested a total of RMB 4.5 billion in its subsidiaries, with RMB 1 billion allocated to registered capital and RMB 4.4 billion to capital reserves[25] - The company has made significant progress in optimizing resource allocation and improving management efficiency through internal asset transfers[25] - The company is preparing for investment in additional wind and photovoltaic projects, including two 49.5 MW wind power projects in Xinjiang[25] Project Development - The total installed capacity of clean energy projects that have commenced operation is 4,020.84 MW, including 380.5 MW from hydropower, 723 MW from wind power, and 2,917.34 MW from photovoltaic power[25] - Several clean energy projects are under construction, including a 100 MW wind power project in Guizhou and a 71.194 MW distributed photovoltaic project in Guangdong[25] Other Information - The company reported non-operating income and expenses totaling -¥563,547.18 for the period[8] - The company does not have any non-recurring profit and loss items classified as regular profit and loss[11] - The company has adjusted its office address and contact information to support its development needs[25] - The company has not undergone an audit for the first quarter report[41]