CHINA RAILWAY(HK:00390)2022-04-29 14:26Financial Performance - The company's operating revenue for the first quarter reached RMB 266,537,038, representing a year-on-year increase of 12.82%[3] - Net profit attributable to shareholders was RMB 7,587,168, with a year-on-year growth of 16.99%[3] - Basic earnings per share were RMB 0.294, reflecting a 23.53% increase compared to the previous year[3] - The total profit for Q1 2022 was 10,361,974 thousand RMB, an increase of 18.6% compared to 8,737,444 thousand RMB in Q1 2021[26] - Net profit attributable to shareholders of the parent company for Q1 2022 was 7,587,168 thousand RMB, up 16.9% from 6,485,448 thousand RMB in Q1 2021[26] - Net profit for Q1 2022 reached RMB 666,793 thousand, an increase of 26.9% compared to RMB 525,340 thousand in Q1 2021[36] - Total comprehensive income for Q1 2022 was RMB 696,641 thousand, up 28.3% from RMB 543,291 thousand in Q1 2021[36] Cash Flow - The net cash flow from operating activities was negative at RMB -49,399,086, indicating cash outflows during the period[3] - Cash inflow from operating activities in Q1 2022 was 272,784,140 thousand RMB, a rise of 6.5% from 256,042,883 thousand RMB in Q1 2021[29] - Cash outflow from operating activities in Q1 2022 totaled 322,183,226 thousand RMB, compared to 285,878,102 thousand RMB in Q1 2021, resulting in a net cash flow from operating activities of -49,399,086 thousand RMB[29] - Cash inflow from financing activities in Q1 2022 was 52,938,609 thousand RMB, an increase of 9.0% from 48,224,283 thousand RMB in Q1 2021[30] - Net cash flow from financing activities for Q1 2022 was 39,729,796 thousand RMB, compared to 32,575,886 thousand RMB in Q1 2021, indicating a growth of 22.0%[30] - Cash inflow from financing activities in Q1 2022 totaled RMB 17,095,072 thousand, an increase of 89.0% from RMB 9,000,000 thousand in Q1 2021[38] - Net cash flow from financing activities in Q1 2022 was 6,796,242 thousand RMB, compared to a net outflow of RMB 2,318,119 thousand in Q1 2021[38] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 1,410,512,780, up 3.58% from the end of the previous year[3] - The company reported a decrease in cash and cash equivalents by 24.49% due to pre-holiday payments and delayed collections from project owners[6] - Accounts receivable increased by 15.32% driven by normal business growth and delayed payments from some projects[6] - The total uncompleted contract value as of March 31, 2022, was RMB 4,896.26 billion, reflecting a growth of 7.7% from the end of the previous year[15] - Total liabilities increased to RMB 1,038,938,435 thousand as of March 31, 2022, compared to RMB 1,003,383,600 thousand as of December 31, 2021[23] - Long-term borrowings rose to RMB 185,421,483 thousand as of March 31, 2022, up from RMB 161,579,287 thousand as of December 31, 2021, indicating a growth of 14.7%[23] - Short-term borrowings surged to RMB 19,639,000 thousand from RMB 9,768,785 thousand, representing an increase of approximately 101%[33] Investments and Contracts - The company plans to continue expanding its infrastructure investment projects, leading to a 14.76% increase in long-term borrowings[6] - The new contract value for infrastructure construction in Q1 2022 was RMB 543.45 billion, a significant increase of 94.1% compared to RMB 279.99 billion in Q1 2021[14] - The company signed new contracts worth RMB 119.2 billion in surveying, design, and consulting services, marking a year-on-year increase of 157.5%[14] - The company reported a 147.5% increase in new contracts for highways, totaling RMB 84.93 billion in Q1 2022[14] Research and Development - Research and development expenses increased to RMB 4,476,582 thousand in Q1 2022, compared to RMB 3,846,137 thousand in Q1 2021, marking a growth of 16.4%[25] - Research and development expenses in Q1 2022 were RMB 9,637 thousand, up from RMB 5,890 thousand in Q1 2021, reflecting a year-over-year increase of approximately 63%[34]