2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 271,973,839, representing a year-on-year increase of 2.04%[4] - The net profit attributable to shareholders was CNY 7,878,535, reflecting a growth of 3.84% compared to the same period last year[4] - The company achieved a total revenue of RMB 272.63 billion in Q1 2023, representing a year-on-year growth of 2.07%[17] - Net profit for Q1 2023 was CNY 10,750,951, compared to CNY 10,202,836 in Q1 2022, showing an increase of about 5.4%[23] - The net profit for Q1 2023 was CNY 8,866,464, an increase of 6.7% compared to CNY 8,306,582 in Q1 2022[24] - The company reported a total comprehensive income of CNY 8,531,751 for Q1 2023, compared to CNY 8,271,912 in the previous year, marking a growth of 3.1%[24] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -38,024,251, indicating a significant cash outflow[4] - The net cash flow from operating activities was negative CNY 38,024,251, an improvement from negative CNY 49,399,086 in Q1 2022[26] - The cash flow from operating activities showed a net outflow of CNY -3,931,756 thousand, an improvement from CNY -5,646,123 thousand in the same period last year[33] - The cash inflow from financing activities was CNY 36,071,174, down from CNY 52,938,609 in Q1 2022, indicating a decrease of 31.9%[26] - Net cash flow from financing activities was -$8,069,758, compared to $6,796,242 in the previous year[34] - Cash and cash equivalents decreased to CNY 177,684,218 from CNY 204,987,258 at the beginning of the period[27] Assets and Liabilities - Total assets at the end of Q1 2023 reached CNY 1,656,062,603, an increase of 2.66% from the end of the previous year[5] - The total assets as of March 31, 2023, amounted to CNY 1,656,062,603, an increase from CNY 1,613,165,843 at the end of 2022, representing a growth of approximately 2.7%[22] - Total liabilities as of March 31, 2023, were CNY 1,220,710,282, compared to CNY 1,190,106,941 at the end of 2022, indicating an increase of about 2.6%[22] - The total liabilities decreased to CNY 241,809,432 thousand in Q1 2023 from CNY 247,179,457 thousand in Q1 2022, a reduction of approximately 2.93%[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 480,564[8] - The basic and diluted earnings per share for Q1 2023 were CNY 0.305, compared to CNY 0.294 in Q1 2022, reflecting a 3.7% increase[24] Business Segments and Contracts - The total new contracts signed in Q1 2023 amounted to RMB 667.38 billion, an increase of 10.2% compared to the same period last year[15] - The infrastructure construction business accounted for RMB 2,347.33 billion in revenue, with a year-on-year increase of 1.67%[18] - The engineering construction segment saw new contracts worth RMB 5,060.3 billion, marking a year-on-year growth of 21.8%[13] - The real estate development segment experienced a significant increase in new contracts, totaling RMB 170.5 billion, which is a 137.8% rise year-on-year[13] - The company’s asset management segment reported new contracts of RMB 402.9 billion, a decrease of 42.3% compared to the previous year[15] - The company’s financial trading segment achieved new contracts of RMB 172.2 billion, reflecting a year-on-year growth of 29.7%[15] Cost and Expenses - The total operating cost for Q1 2023 was CNY 262,106,822, up from CNY 256,869,083 in Q1 2022, reflecting a rise of approximately 2.4%[23] - Research and development expenses for Q1 2023 were CNY 3,837,932, down from CNY 4,476,582 in Q1 2022, indicating a decrease of about 14.3%[23] - The financial expenses for Q1 2023 were CNY 848,115 thousand, an increase of 10.75% from CNY 765,681 thousand in Q1 2022[30] - The company incurred a tax expense of CNY 172,406 thousand in Q1 2023, down from CNY 222,309 thousand in Q1 2022, a decrease of 22.49%[30] Future Outlook - The company plans to continue its investment in new technologies and market expansion strategies to enhance future growth prospects[24]