Financial Performance - The net profit attributable to shareholders for Q1 2024 was CNY 48,269,963,140.26, representing a decrease of 5.23% compared to the same period last year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,724,195,276.79, down by 5.20% year-on-year[3]. - The basic earnings per share for Q1 2024 was CNY 0.42, down by 4.55% compared to the same period last year[3]. - In Q1 2024, the company's EBIT was RMB 9.977 billion, a decrease of RMB 750 million, representing a decline of 6.99% year-on-year[13]. - The net profit for the group was RMB 6,278,291 thousand, a decrease of 17.24% compared to the previous year[21]. - Net profit for Q1 2024 was RMB 7.68 billion, a decrease of 10.47% compared to RMB 8.58 billion in Q1 2023[34]. - Comprehensive income for Q1 2024 totaled RMB 7.78 billion, compared to RMB 6.91 billion in Q1 2023, reflecting a growth of 12.66%[37]. Cash Flow - The net cash flow from operating activities increased by 44.07% to CNY 8,864,882,203.76, primarily due to reduced tax payments compared to the previous quarter[6]. - Cash inflow from operating activities in Q1 2024 was RMB 49.51 billion, a decrease of 6.67% from RMB 52.78 billion in Q1 2023[38]. - Cash outflow from operating activities totaled 40,646,517,397.61 CNY in Q1 2024, down 12.8% from 46,623,906,549.18 CNY in Q1 2023[39]. - The net cash flow from investing activities was -3,916,887,210.70 CNY in Q1 2024, an improvement from -10,085,093,358.51 CNY in Q1 2023[40]. - Cash inflow from financing activities was 1,166,266,843.11 CNY in Q1 2024, a decrease of 54.9% compared to 2,587,424,377.24 CNY in Q1 2023[41]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 459,426,464,135.63, a decrease of 0.65% from the end of the previous year[3]. - Total current assets amounted to RMB 196.56 billion, a decrease of 2.3% from RMB 202.48 billion on December 31, 2023[28]. - Total liabilities decreased to RMB 209.38 billion from RMB 219.21 billion, a reduction of 4.5%[31]. - The company's long-term borrowings decreased to RMB 27.21 billion from RMB 32.74 billion, a decline of 17.0%[31]. - The total equity attributable to shareholders increased to RMB 202.85 billion, up 3.8% from RMB 196.12 billion[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 421,264[7]. - The largest shareholder, China Ocean Shipping Company, held 5,924,873,037 shares, representing 37.13% of the total shares[8]. - As of the report date, China Ocean Shipping Group directly and indirectly held a total of 7,009,619,897 shares, accounting for approximately 43.93% of the company's total share capital[10]. - The company's cash dividend proposal for the end of 2023 is set at RMB 0.23 per share, amounting to approximately RMB 3.67 billion based on the total share capital of 15,957,586,817 shares[12]. Operational Performance - The total cargo volume for the company's container shipping business in Q1 2024 was 6,027,330 TEUs, an increase of 10.53% compared to the same period last year[15]. - The cargo volume for the Trans-Pacific route was 1,079,761 TEUs, up 9.67% year-on-year, while the Asia-Europe route saw a decline of 9.16% to 959,372 TEUs[15]. - The company's fleet consisted of 510 container ships with a total capacity of 3.1056 million TEUs as of March 2024[14]. - The group's total revenue from shipping routes reached RMB 43,166,049 thousand, a year-on-year increase of 2.04%[17]. - The revenue from the Trans-Pacific route was RMB 12,530,271 thousand, up 21.16% compared to the same period last year[17]. Research and Development - Research and development expenses for Q1 2024 amounted to RMB 256.54 million, an increase of 22.24% from RMB 209.78 million in Q1 2023[33]. Other Comprehensive Income - Other comprehensive income after tax for Q1 2024 was RMB 97.18 million, a significant recovery from a loss of RMB 1.67 billion in Q1 2023[35]. - Other comprehensive income after tax for Q1 2024 was ¥67,651,235.42, compared to a loss of ¥12,938,160.79 in Q1 2023, showing a positive turnaround[47].
中远海控(01919) - 2024 Q1 - 季度业绩