浙江建投(002761) - 2024 Q1 - 季度财报

Financial Performance - Total operating revenue for the current period is $19.16 billion, a decrease of approximately 12.8% from $21.97 billion in the previous period[25]. - Total operating costs for the current period are $18.90 billion, down from $21.50 billion, reflecting a reduction of about 12.0%[25]. - Net profit attributable to shareholders for the current period was ¥202,935,478.88, down 39.75% from ¥336,833,603.66 year-on-year[34]. - The company's net profit for Q1 2024 was RMB 251,859,894.13, a decrease of 35.1% compared to RMB 388,755,280.24 in the same period last year[46]. - The company reported a total revenue of RMB 360,714,732.49 for Q1 2024, down from RMB 524,235,649.42 in the same period last year, a decrease of about 31.1%[46]. Cash Flow - The net cash flow from operating activities decreased by 33.48% to -¥3,812,071,598.90 in Q1 2024, compared to -¥2,855,896,204.55 in Q1 2023, primarily due to increased cash outflows for goods and services[16]. - The net cash flow from financing activities decreased by 34.93% to ¥1,626,342,633.79 in Q1 2024, down from ¥2,499,406,381.28 in Q1 2023, attributed to increased loan repayments[16]. - Cash flow from financing activities netted ¥1,626,342,633.79, down from ¥2,499,406,381.28 in the previous year[28]. - Cash flow from investment activities improved by 81.85%, with net cash flow of -¥29,617,954.12 in Q1 2024, compared to -¥163,191,791.80 in Q1 2023, indicating reduced cash outflows for investments[16]. Assets and Liabilities - Total assets decreased to $116.35 billion from $121.65 billion, a decline of about 4.4%[23]. - Total liabilities decreased to $105.96 billion from $111.48 billion, a reduction of approximately 4.9%[23]. - Current liabilities totaled $93.11 billion, down from $99.08 billion, indicating a decrease of about 6.0%[23]. - Non-current liabilities increased to $12.85 billion from $12.40 billion, reflecting an increase of approximately 3.6%[23]. - The company's total liabilities decreased from RMB 113,831,220,173.97 to RMB 105,956,415,789.04, a decrease of about 6.9%[51]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 105,252, with the largest shareholder holding 35.90% of the shares[18]. - The basic earnings per share for Q1 2024 was RMB 0.1877, down from RMB 0.2625 in the previous year, representing a decline of 28.5%[46]. Research and Development - Research and development expenses rose by 94.10% to ¥197,565,447.00 in Q1 2024 from ¥101,786,110.64 in Q1 2023, indicating a significant increase in investment in R&D[16]. - Research and development expenses increased to $197.57 million, up from $101.79 million, representing a growth of approximately 93.8%[25]. Other Financial Metrics - The company reported a 63.89% improvement in investment losses, reducing losses to -¥7,571,961.47 in Q1 2024 from -¥20,966,769.30 in Q1 2023[16]. - Other comprehensive income showed a decline of 47.57%, reaching -¥55,880,181.42 in Q1 2024 compared to -¥37,866,121.41 in Q4 2023, due to foreign currency translation adjustments[16]. - The company experienced a 238.14% increase in other expenses, which rose to ¥3,568,088.62 in Q1 2024 from ¥1,055,216.46 in Q1 2023, mainly due to increased donations[16]. - The company recorded a significant increase of 1766.87% in asset disposal gains, amounting to ¥11,428,523.34 in Q1 2024, compared to ¥612,174.14 in Q1 2023[16]. Accounting Standards - The company will implement new accounting standards starting in 2024, affecting the financial statements from the beginning of the year[55]. - The financial report will reflect adjustments related to the new accounting standards, impacting key financial metrics[55]. - The company anticipates a significant change in revenue recognition due to the new standards, which may affect future earnings guidance[55]. - The adjustments are expected to enhance transparency in financial reporting and align with industry best practices[55]. - The company is preparing for potential impacts on cash flow and operational metrics as a result of the new accounting rules[55]. - Stakeholders are advised to review the updated financial statements for a clearer understanding of the company's financial position post-adjustment[55]. - The transition to the new accounting standards is part of the company's broader strategy to improve financial reporting accuracy[55]. - The company will provide additional training and resources to ensure compliance with the new standards across all departments[55]. - Management will closely monitor the implementation process to mitigate any risks associated with the transition[55]. - Future earnings calls will include discussions on the implications of the new accounting standards on financial performance[55].