2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 7,490,656,914.61, representing a year-on-year increase of 7.92%[4] - The net profit attributable to shareholders was CNY 677,962,651.12, reflecting a growth of 4.62% compared to the same period last year[4] - The basic earnings per share for the quarter was CNY 0.06, with a diluted earnings per share also at CNY 0.06[5] - Total revenue for Q1 2023 reached CNY 7,503,134,045.50, an increase of 8.08% compared to CNY 6,941,051,579.25 in Q1 2022[17] - Net profit for Q1 2023 was CNY 776,657,331.91, up from CNY 738,954,833.47 in Q1 2022, reflecting a growth of 5.1%[18] - Total comprehensive income for Q1 2023 reached ¥779,863,641.52, an increase from ¥744,453,895.04 in Q1 2022[19] - Basic and diluted earnings per share remained stable at ¥0.06 for both Q1 2023 and Q1 2022[19] Research and Development - Research and development expenses totaled CNY 349,614,211.82, accounting for 4.66% of operating revenue, a decrease of 0.35 percentage points year-on-year[5] - Research and development expenses for Q1 2023 were CNY 305,948,866.89, compared to CNY 288,255,422.20 in Q1 2022, reflecting a focus on innovation[17] Contracts and Business Segments - The total new contracts signed in Q1 2023 amounted to CNY 13.7 billion, a year-on-year increase of 35.78%[11] - New contracts in the railway sector reached CNY 3.618 billion, up 51.27% year-on-year[11] - New contracts in the urban rail transit sector totaled CNY 3.417 billion, marking an increase of 83.84% compared to the previous year[11] - The overseas business segment saw new contracts worth CNY 1.329 billion, a staggering increase of 40339.40% year-on-year[11] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -1,307,374,461.57, indicating a significant cash outflow[4] - Cash received from sales of goods and services was ¥7,665,601,435.18, down from ¥8,338,664,629.89 in Q1 2022, representing a decrease of approximately 8.06%[20] - Total cash outflow from operating activities was ¥9,653,956,734.37, a decrease from ¥10,551,962,060.21 in Q1 2022[20] - The company reported a net increase in cash and cash equivalents of -¥213,205,520.24, compared to -¥2,845,141,368.88 in the previous year[21] - The ending balance of cash and cash equivalents was ¥17,028,452,911.03, up from ¥14,803,431,403.89 in Q1 2022[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 116,596,426,639.41, a slight decrease of 0.18% from the end of the previous year[5] - The company's total assets as of March 31, 2023, were CNY 116,596,426,639.41, slightly down from CNY 116,806,544,483.88 at the end of 2022[16] - Current liabilities decreased to CNY 64,166,714,256.56 from CNY 65,242,381,297.48, indicating a reduction of 1.65%[16] - The company reported a total equity of CNY 48,141,128,645.63 as of March 31, 2023, an increase from CNY 47,277,735,000.57 at the end of 2022[16] Revenue by Segment - The railway segment generated revenue of CNY 393,912.97 million, a 16.46% increase from the previous year[14] - The urban rail segment reported revenue of CNY 174,060.64 million, up 15.84% year-over-year[14] - The overseas business saw significant growth, with revenue increasing by 52.65% to CNY 27,542.74 million[14] Tax and Refunds - The company received ¥66,576,957.57 in tax refunds, down from ¥174,678,116.83 in the previous year, reflecting a decrease of approximately 61.91%[20]