GHEC(SZ:002060)2025-04-28 12:10Financial Performance - The company's operating revenue for Q1 2025 was ¥14,421,528,872.77, representing a 6.25% increase compared to ¥13,573,458,327.08 in the same period last year[5]. - Net profit attributable to shareholders decreased by 14.92% to ¥143,688,150.48 from ¥168,881,325.92 year-on-year[5]. - The net profit after deducting non-recurring gains and losses fell by 29.62% to ¥119,256,918.20 compared to ¥169,444,873.10 in the previous year[5]. - Basic and diluted earnings per share decreased by 14.89% to ¥0.0383 from ¥0.0450 year-on-year[5]. - The company's net profit for the current period is CNY 155,301,702.85, a decrease of 11.3% compared to CNY 175,154,754.31 in the previous period[27]. - Operating profit for the current period is CNY 194,862,177.26, down from CNY 240,038,632.44, reflecting a decline of 18.7%[27]. - The company reported a total comprehensive income of CNY 154,899,007.27, down from CNY 175,539,642.30, indicating a decrease of 11.8%[28]. - Basic and diluted earnings per share are both CNY 0.0383, down from CNY 0.0450 in the previous period, representing a decline of 14.9%[28]. Cash Flow and Assets - The net cash flow from operating activities was -¥3,947,833,936.12, a decline of 49.69% from -¥2,637,378,057.49 in the same period last year[12]. - The company's cash and cash equivalents decreased to CNY 16,596,443,436.25 from CNY 22,582,382,344.27[23]. - Cash and cash equivalents at the end of the period decreased to CNY 15,504,473,516.62 from CNY 16,741,071,042.59, a drop of 7.4%[30]. - The total current assets amount to CNY 102,162,846,253.80, a slight decrease from CNY 103,227,247,175.46 at the beginning of the period[24]. - The total liabilities amount to CNY 125,815,405,142.57, down from CNY 126,509,153,036.38[25]. - The company's contract assets increased to CNY 34,964,895,107.41 from CNY 32,925,245,046.74[24]. Investment and Shareholder Information - The company plans to acquire equity stakes in 25 subsidiaries from its wholly-owned subsidiary, Guangdong Construction Group, and will inject 4.5 billion RMB in total, with 1 billion RMB allocated to registered capital[17]. - A total of 24 enterprises have completed the transfer of ownership from Guangdong Construction Group to the company[18]. - The company has also internally transferred part of its equity and assets to its wholly-owned subsidiary, Guangdong Water and Electricity Second Bureau Group[20]. - The total number of common shareholders at the end of the reporting period is 77,095[15]. - Guangdong Provincial Construction Engineering Group Holdings Limited holds 70.05% of shares, totaling 2,630,045,490 shares[15]. - The company has 10 major shareholders, with the top shareholder holding 438,592,930 shares of unrestricted shares[16]. - The second major shareholder, Great Wall Life Insurance Co., Ltd., holds 171,158,033 shares[16]. - The company has not disclosed any related party relationships among the top 10 shareholders[16]. - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending[16]. Operational Developments - The company is currently constructing several projects, including a 500 MW photovoltaic desertification control project in Xinjiang[22]. - The company has ongoing preparations for investments in multiple wind power projects in Xinjiang, including a 50 MW project[22]. - The company reported a significant increase in investment income, which rose by 430.44% to ¥22,238,160.72 from ¥4,192,409.39 year-on-year[11]. - Other income increased by 50.89% to ¥15,861,917.89 compared to ¥10,512,221.46 in the same period last year[11]. - The company experienced a 106.19% increase in advance receipts, totaling ¥22,568,840.71, attributed to increased rental prepayments[10]. Management Changes - The resignation of the vice chairman, Ma Chunsheng, was reported on March 6, 2025[21].