2024-04-26 08:56Financial Performance - The company's operating revenue for Q1 2024 was CNY 21.33 billion, a decrease of 32.08% compared to CNY 31.37 billion in the same period last year[4]. - Net profit attributable to shareholders was CNY 1.50 billion, down 41.14% from CNY 2.55 billion year-on-year[4]. - Basic and diluted earnings per share were both CNY 0.28, representing a decrease of 40.91% from CNY 0.48 in the same period last year[4]. - The total comprehensive income for Q1 2024 was CNY 1,385,793,521, a decrease of 44% compared to CNY 2,471,474,616 in Q1 2023[18]. - Net profit for Q1 2024 was CNY 1,487,880,502, a decline of 44.5% from CNY 2,672,589,836 in Q1 2023[17]. Cash Flow - The net cash flow from operating activities was CNY 159.59 million, a significant decline of 94.87% compared to CNY 3.09 billion in the previous year[4]. - In Q1 2024, the company's cash inflow from operating activities totaled CNY 25,451,623,532, a decrease of 33.5% compared to CNY 38,295,961,496 in Q1 2023[20]. - The net cash outflow from operating activities was CNY 159,585,210, a significant decline from CNY 3,108,356,197 in the same period last year[20]. - Cash inflow from investment activities was CNY 5,713,568,285, down 49.1% from CNY 11,218,087,944 in Q1 2023[20]. - The net cash outflow from investment activities was CNY -847,235,460, an improvement from CNY -1,049,753,693 in Q1 2023[20]. - Cash inflow from financing activities reached CNY 3,259,383,212, an increase of 27.6% compared to CNY 2,552,901,088 in Q1 2023[21]. - The net cash outflow from financing activities was CNY 2,678,956,104, compared to CNY 2,484,418,875 in the previous year[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 246.36 billion, a slight decrease of 0.48% from the previous year-end[5]. - The total liabilities decreased to CNY 99,392,853,822 from CNY 101,232,721,726, indicating a decline of about 1.84%[12]. - The company's total liabilities decreased to CNY 46,021,060,380 as of March 31, 2024, down from CNY 48,335,063,593 at the end of 2023, representing a reduction of 4.3%[14]. - The total equity attributable to shareholders increased to CNY 186,494,645,422 as of March 31, 2024, compared to CNY 185,389,128,400 at the end of 2023, reflecting a growth of 0.6%[14]. - The company's total non-current liabilities increased to CNY 19,697,167,276 as of March 31, 2024, up from CNY 18,560,750,419 at the end of 2023, an increase of 6.1%[14]. Shareholder Information - The company repurchased 22,242,535 shares, accounting for 0.42% of the total issued share capital[10]. - The top 10 shareholders hold a combined total of 4,000,000,000 shares, representing approximately 75% of the total shares outstanding[10]. - The company has no significant changes in the shareholder structure or related party transactions as of the reporting date[10]. Operational Metrics - The decline in revenue and profit was primarily due to a decrease in sales volume and prices of cement products[7]. - Research and development expenses for Q1 2024 were CNY 185,757,727, a decrease of 30% from CNY 265,299,174 in Q1 2023[17]. - The company reported a decrease in management expenses to CNY 1,345,808,976 in Q1 2024, down from CNY 1,475,830,763 in Q1 2023, a reduction of 8.8%[17]. Current Assets - As of March 31, 2024, the company's total current assets amounted to CNY 99,392,853,822, a decrease from CNY 101,232,721,726 as of December 31, 2023, representing a decline of approximately 1.84%[11]. - The company's cash and cash equivalents were CNY 66,336,636,055, down from CNY 68,382,205,847, indicating a decrease of about 2.99%[11]. - Accounts receivable decreased to CNY 3,672,811,264 from CNY 4,445,287,639, reflecting a reduction of approximately 17.35%[11]. - The company's inventory increased slightly to CNY 10,295,563,292 from CNY 10,155,441,636, showing an increase of about 1.39%[12]. - Long-term equity investments rose to CNY 7,821,466,231 from CNY 7,765,191,948, marking an increase of approximately 0.72%[12]. - The company reported a total of CNY 1,974,775,745 in trading financial assets, down from CNY 2,210,732,788, a decrease of about 10.65%[11]. Other Financial Metrics - Non-recurring gains and losses totaled CNY 133.90 million for the period, with government subsidies contributing CNY 194.82 million[6]. - The company received tax refunds of CNY 18,150,210 in Q1 2024, up from CNY 9,109,121 in Q1 2023[20]. - The total cash paid for purchasing goods and services was CNY 20,015,126,936, a decrease of 31.9% from CNY 29,376,859,297 in Q1 2023[20]. - The company reported a foreign exchange impact of CNY 3,432,960 on cash and cash equivalents in Q1 2024, compared to a negative impact of CNY -21,661,089 in Q1 2023[21].