CCCC(SH:601800)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 172.10 billion, representing a year-on-year increase of 13.27%[2] - The net profit attributable to shareholders was CNY 5.09 billion, up 17.74% compared to the same period last year[2] - The basic earnings per share for the period was CNY 0.29, reflecting a 16.00% increase[2] - Total operating revenue for Q1 2022 was CNY 172.1 billion, up from CNY 151.9 billion in Q1 2021, representing a growth of approximately 13.5%[19] - Operating profit for Q1 2022 reached CNY 8.0 billion, compared to CNY 6.9 billion in Q1 2021, an increase of about 15.9%[19] - Net profit attributable to shareholders of the parent company was CNY 5.1 billion in Q1 2022, up from CNY 4.3 billion in Q1 2021, reflecting a growth of approximately 17.7%[19] - The total comprehensive income for Q1 2022 was CNY 5.0 billion, down from CNY 7.5 billion in Q1 2021, a decrease of approximately 33.3%[20] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,477.49 billion, a 6.23% increase from the end of the previous year[3] - The company's total equity reached CNY 402.5 billion in Q1 2022, up from CNY 391.4 billion in Q1 2021, representing a growth of about 2.8%[19] - Total liabilities amounted to CNY 1,074.9 billion in Q1 2022, compared to CNY 999.5 billion in Q1 2021, indicating an increase of approximately 7.5%[19] - The company's cash and cash equivalents increased to CNY 123.82 billion as of March 31, 2022, compared to CNY 104.58 billion at the end of 2021[16] - The total assets of the company reached CNY 1,477.49 billion, up from CNY 1,390.84 billion at the end of 2021[16] Cash Flow - The company reported a net cash flow from operating activities of -CNY 33.36 billion, which is not comparable to the previous year due to changes in accounting policies[2] - In Q1 2022, the cash inflow from operating activities was CNY 168.47 billion, an increase from CNY 162.46 billion in Q1 2021, representing a growth of approximately 3.1%[22] - The net cash flow from operating activities was negative at CNY -33.36 billion, slightly improved from CNY -33.91 billion in the same period last year[22] - Cash inflow from financing activities reached CNY 111.97 billion, significantly higher than CNY 89.49 billion in Q1 2021, indicating a growth of approximately 25.2%[22] - The net cash flow from financing activities was CNY 72.37 billion, up from CNY 49.55 billion in the previous year[22] Investments and Contracts - In Q1 2022, the company signed new contracts worth CNY 430.69 billion, a year-on-year increase of 4.90%, achieving 30% of the annual target[11] - The new contracts from overseas regions amounted to CNY 61.65 billion (approximately USD 9.55 billion), representing a year-on-year growth of 5.71% and accounting for 14% of total new contracts[12] - The total estimated investment for new infrastructure projects was CNY 70.94 billion, with CNY 64.42 billion from domestic projects and CNY 6.52 billion from overseas projects[12] Shareholder Information - The total number of ordinary shareholders reached 176,233, with 72.67% of shares being A-shares[7] Research and Development - Research and development expenses increased to CNY 4.5 billion in Q1 2022, compared to CNY 3.5 billion in Q1 2021, marking a rise of about 28.9%[19] Debt and Borrowings - The company's short-term borrowings increased to CNY 61.9 billion in Q1 2022 from CNY 34.5 billion in Q1 2021, a rise of about 79.5%[19] - Long-term borrowings rose to CNY 346.3 billion in Q1 2022, compared to CNY 320.4 billion in Q1 2021, indicating an increase of approximately 8.1%[19] Management Focus - The company plans to focus on high-quality development and optimize management to ensure stable growth in 2022[6] - The increase in operating profit was 16.41%, attributed to growth in core business scale and effective cost control[6] - The company experienced a significant increase in investment income by 185.08%, mainly due to losses from certain overseas joint ventures[6]