中国中铁(601390) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was CNY 275,194,003, a decrease of 6.22% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was CNY 6,291,574, reflecting a decline of 19.05% year-on-year[2]. - The basic earnings per share for Q3 2024 was CNY 0.252, down 18.18% from the previous year[3]. - The company reported a decrease in net profit attributable to shareholders for the year-to-date period of 14.33%, totaling CNY 20,569,710[2]. - In the first three quarters of 2024, the total operating revenue was CNY 820.28 billion, a decrease of 7.26% year-on-year[15]. - The comprehensive gross profit margin for the same period was 8.95%, down by 0.27 percentage points compared to the previous year[15]. - The total operating profit for the first three quarters of 2024 was CNY 27,016,771, down 15.5% from CNY 31,996,199 in the first three quarters of 2023[21]. - The net profit for the first three quarters of 2024 was CNY 12,696,445, slightly down from CNY 12,822,501 in 2023, representing a decrease of 1.0%[29]. Assets and Liabilities - The total assets at the end of the reporting period increased by 16.33% year-on-year, reaching CNY 2,128,258,300[3]. - The company's total current assets as of September 30, 2024, amounted to CNY 1,198.53 billion, an increase from CNY 1,005.69 billion at the end of 2023[17]. - The total assets of the company reached CNY 2,128.26 billion, compared to CNY 1,829.44 billion at the end of 2023[18]. - The total liabilities increased to CNY 1,638.70 billion from CNY 1,369.54 billion at the end of 2023[18]. - The company's total liabilities increased to CNY 1,200,000,000 as of September 30, 2024, compared to CNY 1,150,000,000 at the end of 2023[26]. - The total liabilities decreased to CNY 239,081,339 in Q3 2024, down from CNY 248,733,465 in Q3 2023, indicating a reduction of 3.0%[28]. Cash Flow - The cash flow from operating activities for the period was negative at CNY -1,925,018, indicating cash flow challenges[2]. - The net cash flow from operating activities for the first three quarters of 2024 was -CNY 71,257,347, worsening from -CNY 33,723,494 in the same period of 2023[23]. - The cash flow from operating activities showed a net outflow of CNY -4,962,382 in the first three quarters of 2024, compared to a net outflow of CNY -1,640,565 in the same period of 2023[31]. - The company's investment activities generated a net cash outflow of -CNY 36,811,070 in the first three quarters of 2024, compared to -CNY 50,854,097 in the same period of 2023[25]. - The company's financing activities generated a net cash inflow of CNY 69,481,030 in the first three quarters of 2024, an increase from CNY 44,412,296 in the same period of 2023[25]. Contracts and Business Segments - The company achieved new contract value of RMB 15,278.6 billion in the reporting period, a year-on-year decrease of 15.2%[11]. - The domestic business contributed RMB 14,046.3 billion to the new contract value, down 16.1% year-on-year, while the overseas business generated RMB 1,232.3 billion, a decrease of 3.2%[11]. - The engineering construction segment reported new contract value of RMB 10,857.3 billion, reflecting a decline of 19.2% compared to RMB 13,440.8 billion in the same period last year[12]. - The real estate segment saw sales amounting to RMB 227.6 billion, down 51.6% year-on-year, with a sales area decrease of 56.3%[13]. - The emerging business segment recorded new contract value of RMB 2,110.5 billion, an increase of 23.4% year-on-year[13]. - The company’s new signed contracts in the railway sector amounted to RMB 1,695.9 billion, a decrease of 5.2% year-on-year[12]. - The company’s new signed contracts in the municipal sector totaled RMB 1,097.2 billion, down 27.9% year-on-year[12]. - The company’s new signed contracts in the water conservancy and hydropower sector increased by 106.2% to RMB 603.0 billion[13]. Shareholder and Ownership - The top shareholder, China Railway Engineering Group Co., Ltd., holds 46.96% of the shares, indicating strong state ownership[6]. Research and Development - The company reported a decrease in research and development expenses to CNY 16,086,998 in the first three quarters of 2024, down 9.7% from CNY 17,810,862 in the same period of 2023[21]. - Research and development expenses increased to CNY 28,815 in the first three quarters of 2024, up from CNY 13,977 in 2023, marking a significant increase of 106.4%[29].