CNNC TD(SZ:002145)2024-04-17 11:01Financial Performance - The company's revenue for Q1 2024 was CNY 1,442,006,320.70, representing a 16.99% increase compared to CNY 1,232,538,930.88 in the same period last year[6]. - Net profit attributable to shareholders was CNY 131,664,773.69, up 25.99% from CNY 104,502,947.65 year-on-year[6]. - The net profit after deducting non-recurring gains and losses surged by 204.09% to CNY 98,340,748.36 from CNY 32,339,704.72 in the previous year[6]. - The company reported total operating revenue of CNY 1,442,006,320.70 for the current period, an increase from CNY 1,232,538,930.88 in the previous period, representing a growth of approximately 17.0%[38]. - Total operating costs for the current period were CNY 1,321,204,755.53, compared to CNY 1,204,030,766.67 in the previous period, indicating an increase of about 9.7%[38]. - The company's total comprehensive income for the period was ¥131,431,941.66, compared to ¥98,405,296.08, indicating an increase of approximately 33.5%[41]. Cash Flow - The net cash flow from operating activities was negative at CNY -154,458,700.14, a significant decline of 2,432.15% from CNY 6,623,024.74 in the same period last year[6]. - Cash inflow from operating activities totaled ¥1,114,312,632.95, down from ¥1,239,545,384.19, a decrease of approximately 10.1%[41]. - The company reported a total cash outflow from operating activities of $1.27 billion, slightly higher than $1.23 billion in the previous year[49]. - Cash inflow from investment activities totaled $860.24 million, down from $1.40 billion year-over-year[49]. - The net cash flow from investment activities was -$392.38 million, compared to -$1.69 billion in the same period last year[49]. - Cash inflow from financing activities was $1.34 billion, significantly lower than $6.29 billion in the previous year[49]. Assets and Liabilities - The company's total assets increased by 3.94% to CNY 19,266,186,244.97 compared to CNY 18,535,583,826.96 at the end of the previous year[6]. - The company's total liabilities increased to CNY 7,151,043,124.35 from CNY 6,512,318,837.12, representing a growth of about 9.8%[36]. - The company's cash and cash equivalents amounted to CNY 7,666,220,880.98, slightly up from CNY 7,565,019,831.90 in the previous period, reflecting a growth of approximately 1.3%[30]. - The company's long-term borrowings rose to CNY 1,492,945,562.37 from CNY 1,115,720,562.37, indicating an increase of approximately 33.8%[36]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 128,491[18]. - The largest shareholder, Wang Zelong, holds 33.45% of the shares, totaling 1,294,745,230 shares[18]. - The top ten shareholders include state-owned and private entities, with the second-largest shareholder holding 3.05% of the shares[18]. - The company has not disclosed any known relationships or concerted actions among the top shareholders[21]. Share Repurchase and Stock Plans - The company plans to repurchase shares with a total amount not exceeding RMB 1 billion and not less than RMB 500 million, with a maximum repurchase price of RMB 7.8 per share[22]. - As of March 31, 2024, the company has repurchased a total of 114,544,395 shares, accounting for 2.959% of the total share capital[24]. - The total amount spent on share repurchases as of March 31, 2024, is RMB 543,723,358.50[25]. - The company has a total of 178,898,527 shares held in the repurchase account, representing 4.62% of the total share capital[25]. - The company has extended the repurchase period by 6 months until June 25, 2024, based on confidence in future development prospects[22]. - The company plans to implement a share buyback program with a minimum investment of CNY 300 million starting from February 27, 2024, to support its stock price stability[27]. Expenses and Investments - Research and development expenses rose by 36.42%, primarily due to increased investment in R&D activities[14]. - Sales expenses increased to ¥10,462,482.60 from ¥9,364,834.76, a rise of approximately 11.7%[40]. - Management expenses increased to ¥94,998,150.66 from ¥70,056,506.94, a rise of about 35.6%[40]. - Other income decreased to ¥32,458,449.25 from ¥74,806,542.13, a decline of approximately 56.6%[40]. - The company reported interest income of ¥47,403,242.05, an increase from ¥31,328,118.19, reflecting a growth of about 51.4%[40]. Director and Governance Changes - The company has appointed a new non-independent director, Zhou Yuan, to ensure the normal operation of the board[26]. - The company extended the duration of its employee stock ownership plan by one year, now set to expire on August 16, 2025[28].