CCCC(SH:601800)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 176.59 billion, representing a year-on-year increase of 2.61%[3] - The net profit attributable to shareholders was CNY 5.58 billion, reflecting a year-on-year growth of 9.60%[3] - The company reported a basic earnings per share of CNY 0.32, up by 11.65% year-on-year[3] - Net profit for Q1 2023 was RMB 6.94 billion, up 9.7% from RMB 6.33 billion in Q1 2022[19] - The company's operating profit for Q1 2023 was RMB 8.47 billion, compared to RMB 8.01 billion in the same period last year, reflecting a growth of 5.8%[19] - Earnings per share for Q1 2023 were RMB 0.32, compared to RMB 0.29 in Q1 2022, indicating a growth of 10.3%[19] - The total comprehensive income attributable to the owners of the parent company for Q1 2023 was CNY 2,639,084,990, a significant recovery from a loss of CNY -610,529,853 in Q1 2022[23] Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 25.63 billion, indicating a significant outflow[3] - In Q1 2023, the net cash flow from operating activities was -25.63 billion RMB, an improvement from -33.36 billion RMB in Q1 2022, indicating a 23.4% reduction in cash outflow[20] - The cash flow from operating activities for Q1 2023 was CNY 2,505,491,219, a recovery from a negative cash flow of CNY -4,781,075,671 in Q1 2022[24] - The cash and cash equivalents at the end of Q1 2023 were RMB 77.99 billion, a significant increase from RMB 36.03 billion in the previous year[18] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 29,616,782,202, up from CNY 21,343,292,717 at the end of Q1 2022, indicating an increase of approximately 38.8%[24] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1.63 trillion, an increase of 8.07% compared to the end of the previous year[4] - The total assets of the company as of Q1 2023 were RMB 1.63 trillion, up from RMB 1.51 trillion in the previous year[18] - The total liabilities as of March 31, 2023, were CNY 1,633.36 billion, reflecting the company's financial position[17] - Total liabilities as of Q1 2023 amounted to RMB 1.20 trillion, an increase from RMB 1.09 trillion in the previous year[18] - The company's total equity reached RMB 434.20 billion in Q1 2023, compared to RMB 426.18 billion in Q1 2022[18] Shareholder Information - The company’s total number of ordinary shareholders was 162,951, with 72.67% of shares held as A-shares[9][10] - The largest shareholder, China Communications Construction Group, holds 57.99% of the shares[10] Business Operations and Strategy - The company is focusing on high-quality development and market expansion strategies to drive future growth[6] - The company plans to continue focusing on high-quality projects and strategic key projects to enhance its market position[14] - The company aims to strengthen its traditional advantages in the "big transportation" sector while expanding its overseas business[14] - The new contract amount for the first quarter of 2023 was CNY 457.81 billion, representing a year-on-year increase of 6.30%[14] - The overseas new contract amount reached CNY 83.42 billion (approximately USD 12.40 billion), a year-on-year growth of 35.32%, accounting for 18% of the total new contracts[14] - The infrastructure construction business contributed CNY 401.22 billion to the new contracts, with a year-on-year increase of 5.79%[15] Expenses - Sales expenses increased by 54.69% due to higher market development costs associated with overseas business expansion[7] - Research and development expenses increased to RMB 5.04 billion in Q1 2023, up 11.7% from RMB 4.51 billion in Q1 2022[19] - The company reported a decrease in financial expenses to RMB 1.07 billion in Q1 2023, down from RMB 1.96 billion in Q1 2022[19] - The company reported a significant decrease in management expenses, which rose to CNY 268,311,558 in Q1 2023 from CNY 192,868,771 in Q1 2022, reflecting an increase of about 39.2%[23] Financing Activities - The company issued four short-term financing bonds in January and March 2023, totaling CNY 100 billion with interest rates ranging from 2.16% to 2.28%[15][16] - The total cash inflow from financing activities in Q1 2023 was CNY 16,698,185,002, compared to CNY 11,565,000,000 in Q1 2022, showing an increase of approximately 44.5%[24] - The net cash flow from financing activities was 74.47 billion RMB, compared to 72.37 billion RMB in Q1 2022, reflecting a 2.9% increase[20] - The company’s short-term borrowings increased to 27.87 billion RMB from 17.07 billion RMB, a significant rise of 63.5%[22]