CPEC(SH:600339)2024-04-26 09:09Financial Performance - The total revenue for the first quarter was approximately ¥14.73 billion, representing a decrease of 1.71% year-over-year[13] - The net profit attributable to shareholders was approximately ¥242.19 million, an increase of 16.74% compared to the same period last year[13] - The net cash flow from operating activities was approximately -¥6.24 billion, indicating a significant cash outflow[13] - The company reported a basic earnings per share of ¥0.0434, reflecting an increase of 16.67% year-over-year[13] - The company achieved a net profit attributable to shareholders of 242 million RMB, representing a year-on-year increase of 16.74%[33] - Operating revenue for the first quarter was 14.733 billion RMB, a decrease of 1.71% year-on-year[33] - Gross profit amounted to 1.321 billion RMB, down by 1.15 billion RMB compared to the previous year[33] - Net profit for the first quarter was CNY 243,446,755.23, compared to CNY 209,238,261.50 in the previous quarter, reflecting an increase[42] - The total comprehensive income for Q1 2024 was CNY 243,629,654.66, compared to CNY 209,220,430.90 in Q1 2023, indicating an increase of about 16.4%[50] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.0434, up from CNY 0.0372 in Q1 2023, reflecting a growth of approximately 16.7%[50] Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥105.70 billion, a decrease of 1.74% from the previous year[14] - The total liabilities included accounts payable of approximately ¥31.37 billion, a decrease from ¥34.83 billion in the previous year[9] - The asset-liability ratio stood at 75.01%, a decrease of 0.67 percentage points from the beginning of the period[33] - The total liabilities amounted to CNY 79,288,263,544.04, a decrease from CNY 81,407,486,400.43 in the previous period, showing a reduction of about 2.6%[48] - The total equity attributable to shareholders of the parent company was CNY 26,351,999,732.22, an increase from CNY 26,105,773,057.70, representing a growth of approximately 0.9%[48] - The company's total assets were CNY 105,698,138,810.62, down from CNY 107,568,840,932.28, reflecting a decrease of approximately 1.7%[48] Cash Flow - The net cash flow from operating activities was -6.243 billion RMB, an increase of 3.04 billion RMB year-on-year[16] - Cash flow from operating activities showed a net outflow of CNY -6,242,524,658.99, improving from CNY -9,282,168,791.84 in the previous quarter[44] - The net cash flow from financing activities for Q1 2024 was negative CNY 33,025,492.85, contrasting with a positive cash flow of CNY 1,470,752,899.95 in Q1 2023[52] - The cash inflow from financing activities included CNY 1,500,000,000.00 from borrowings, while cash outflows included CNY 11,627,777.78 for dividend payments[52] Contracts and Business Development - The company signed new contracts totaling ¥27.75 billion, a year-over-year increase of 34.48%[8] - Domestic contracts accounted for ¥22.62 billion, representing 81.52% of the new contracts signed[8] - The company has ongoing research and development efforts, particularly in the "dual carbon and three new" business area, which secured contracts worth ¥6.39 billion, accounting for 23.02% of new contracts[8] Expenses and Management - The company reported a decrease in management expenses to 599 million RMB, down by 46 million RMB year-on-year due to strict control over non-productive expenditures[33] - The company experienced a decrease in income tax expenses to 124 million RMB, down by 33 million RMB year-on-year, primarily due to reduced prepayment of income tax in certain projects[16] - Research and development expenses increased to CNY 166,244,290.61 from CNY 147,337,309.51 in the previous quarter, indicating a focus on innovation[42] Other Financial Metrics - The company recorded a foreign exchange net gain of 20 million RMB, an increase of 60 million RMB year-on-year[16] - Cash and cash equivalents at the end of the period were CNY 26,958,238,797.00, compared to CNY 21,501,806,058.18 at the end of the previous period, indicating an increase of about 25.4%[52] - Total current assets as of March 31, 2024, were CNY 97,665,873,241.28, slightly down from CNY 99,298,369,298.49 at the end of 2023[39] - Accounts receivable increased to CNY 11,674,291,098.43 from CNY 9,306,016,375.16, indicating higher sales on credit[39] - Inventory levels rose to CNY 14,833,271,856.26 from CNY 12,866,520,546.79, suggesting potential overstocking or increased production[39]