中国中铁(00390) - 2024 Q1 - 季度业绩

Financial Performance - The company's operating revenue for the first quarter was CNY 265,011,337, representing a decrease of 2.56% compared to the same period last year[3]. - The net profit attributable to shareholders was CNY 7,481,215, reflecting a decline of 5.04% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,168,617, down by 3.30% compared to the previous year[3]. - The basic earnings per share for the quarter was CNY 0.289, a decrease of 5.25% from the same period last year[3]. - Total operating revenue for Q1 2024 was RMB 265,645,522, a decrease of 2.9% compared to RMB 272,624,669 in Q1 2023[27]. - Net profit for Q1 2024 was RMB 8,027,061, down 9.5% from RMB 8,866,464 in Q1 2023[28]. - Operating profit for Q1 2024 was RMB 9,810,137, a decline of 8.7% from RMB 10,750,951 in Q1 2023[27]. - Total comprehensive income for Q1 2024 was RMB 7,950,276, down from RMB 8,531,751 in Q1 2023[29]. - Basic earnings per share for Q1 2024 were RMB 0.289, a decrease from RMB 0.305 in Q1 2023[29]. - The total profit for Q1 2024 was RMB 1,169,088, an increase of 65.5% from RMB 706,508 in Q1 2023[35]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,857,390,090, an increase of 1.53% from the previous year[3]. - The equity attributable to shareholders at the end of the reporting period was CNY 339,936,440, up by 2.23% year-on-year[3]. - The total assets of the company as of March 31, 2024, were 1,857.390 billion RMB, up from 1,829.439 billion RMB at the end of 2023[26]. - The total liabilities rose from 1,369.537 billion RMB to 1,386.445 billion RMB, indicating a growth of 1.2%[26]. - Total liabilities decreased to RMB 233,318,032 as of March 31, 2024, down from RMB 248,733,465 at the end of 2023, reflecting a reduction of 6.2%[33]. - The company's total equity increased slightly to RMB 252,935,307 as of March 31, 2024, compared to RMB 252,034,804 at the end of 2023[33]. - The company's long-term liabilities remained stable at RMB 48,013,342 as of March 31, 2024, compared to RMB 49,750,977 at the end of 2023[33]. Cash Flow - The net cash flow from operating activities was CNY -68,065,449, indicating a significant cash outflow[3]. - In Q1 2024, the cash flow from operating activities was negative at RMB -68,065,449 thousand, compared to RMB -38,024,251 thousand in Q1 2023, indicating a decline in operational efficiency[30]. - Cash outflow from operating activities totaled CNY 12,830,532 thousand, resulting in a net cash flow from operating activities of -CNY 6,083,263 thousand, compared to -CNY 3,931,756 thousand in the same period last year[36]. - The company reported a net cash outflow of RMB -44,252,165 thousand in Q1 2024, compared to RMB -27,303,040 thousand in Q1 2023, indicating worsening cash flow management[31]. - Cash inflow from financing activities was CNY 15,000,000 thousand, a substantial increase from CNY 6,989,000 thousand in Q1 2023[36]. - Cash outflow from financing activities totaled CNY 26,058,684 thousand, compared to CNY 15,058,758 thousand in the previous year, leading to a net cash flow from financing activities of -CNY 11,058,684 thousand[36]. Business Segments - The company achieved a new contract amount of RMB 621.64 billion in Q1 2024, a decrease of 6.9% year-on-year[17]. - Domestic business new contracts amounted to RMB 572.41 billion, down 8.8% year-on-year, while overseas contracts increased by 23% to RMB 49.23 billion[18]. - The company reported a significant decline in the real estate sector, with new residential sales area down 19.4% and sales amount down 27.6%[16]. - The new signed contracts in the emerging business sector increased by 53.9% year-on-year, indicating growth potential[18]. - The equipment manufacturing sector saw a decline of 10.7% in new contracts compared to the same period last year[18]. - The company’s financial trade business reported a 4.8% increase in new contracts year-on-year[18]. Investment and Expenses - Research and development expenses for Q1 2024 were RMB 3,468,051, a decrease of 9.6% compared to RMB 3,837,932 in Q1 2023[27]. - Financial expenses decreased to RMB 794,873 in Q1 2024, down from RMB 848,115 in Q1 2023, indicating a reduction of 6.3%[34]. - The company reported a decrease in sales expenses to RMB 1,346,922 in Q1 2024 from RMB 1,510,292 in Q1 2023, a reduction of 10.8%[27]. - The company’s financial expenses decreased to RMB 1,021,611 in Q1 2024 from RMB 1,128,137 in Q1 2023, a decline of 9.4%[27].