2025-04-27 09:10Financial Performance - The company's operating revenue for Q1 2025 was CNY 154.64 billion, a decrease of 12.58% compared to CNY 176.90 billion in the same period last year[3]. - Net profit attributable to shareholders was CNY 5.47 billion, down 10.98% from CNY 6.14 billion year-on-year, with a net profit margin of 3.54%, an increase of 0.07 percentage points[3][4]. - Net profit for Q1 2025 was CNY 6.72 billion, a decline of 10.73% from CNY 7.53 billion in Q1 2024[23]. - The company reported a total profit of CNY 8.24 billion for Q1 2025, a decrease of 11.43% from CNY 9.30 billion in Q1 2024[23]. - The company reported a total of 31.51 million in Q1 2025, recovering from a total loss of CNY 91.70 million in Q1 2024[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,927.56 billion, an increase of 3.73% from CNY 1,858.27 billion at the end of the previous year[3]. - The company's total liabilities increased to CNY 1.45 trillion as of March 31, 2025, compared to CNY 1.39 trillion at the end of 2024, reflecting a growth of 4.04%[21]. - Current liabilities totaled CNY 889.66 billion as of March 31, 2025, slightly up from CNY 868.81 billion at the end of 2024[21]. - Long-term borrowings rose to CNY 426.10 billion as of March 31, 2025, an increase of 8.16% from CNY 392.95 billion at the end of 2024[21]. - The company's equity attributable to shareholders increased to CNY 319.55 billion as of March 31, 2025, compared to CNY 313.43 billion at the end of 2024[21]. Cash Flow - The net cash flow from operating activities was negative at CNY -48.91 billion, compared to CNY -39.63 billion in the previous year, indicating a decline in cash generation[3]. - The company's cash inflow from operating activities totaled 152.42 billion RMB in Q1 2025, down from 177.02 billion RMB in Q1 2024, representing a decline of approximately 13.9%[25]. - Total cash inflow from financing activities increased to 161.35 billion RMB in Q1 2025, up from 148.92 billion RMB in Q1 2024, representing an increase of about 8.6%[25]. - The cash outflow from investing activities was -24.79 billion RMB in Q1 2025, slightly down from -25.71 billion RMB in Q1 2024, showing a decrease of about 3.6%[25]. Contracts and New Business - The company signed new contracts worth CNY 553.03 billion, representing a year-on-year growth of 9.02%[4]. - The new contract amount for the reporting period was CNY 553.034 billion, representing a year-on-year increase of 9.02%, achieving 27% of the annual target of CNY 1,881.185 billion[12]. - The new contract amount from overseas markets was CNY 106.877 billion (approximately USD 15.023 billion), a year-on-year increase of 17.14%, accounting for 19% of the total new contracts[13]. - The total new contracts in infrastructure construction business reached CNY 493.500 billion, with a year-on-year growth of 6.26%[17]. - The total new contracts in dredging business amounted to CNY 41.018 billion, reflecting a year-on-year increase of 40.38%[17]. Shareholder Information - The top shareholder, China Communications Construction Group Co., Ltd., holds 57.59% of the shares, indicating strong control over the company[9]. Strategic Focus - The company plans to focus on "high-quality development breakthrough year" by enhancing market strategies, promoting new production capabilities, and managing quality improvements[5]. Other Financial Metrics - The weighted average return on equity decreased by 0.34 percentage points to 1.82%[3]. - Basic earnings per share for Q1 2025 were CNY 0.32, down from CNY 0.36 in Q1 2024[23]. - The company reported a significant increase in fair value gains of 414.77% due to changes in financial assets[8]. - The company experienced a 303.73% increase in non-operating income primarily due to increased insurance claims received by subsidiaries[8]. - The company issued two short-term financing bonds in January 2025, each with a scale of CNY 3 billion and interest rates of 1.60% and 1.61% respectively[19].