CRHIC(SH:600528)2024-04-26 10:51Financial Performance - The company's operating revenue for Q1 2024 was ¥7,118,395,585.71, representing a decrease of 4.26% compared to the same period last year[3] - The net profit attributable to shareholders for Q1 2024 was ¥467,755,393.09, down 10.87% year-over-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥453,105,074.13, a decrease of 12.01% compared to the previous year[3] - The basic earnings per share for Q1 2024 was ¥0.20, reflecting a decline of 16.67% year-over-year[3] - The company's net profit for Q1 2024 was RMB 426,481,807.43, compared to RMB 550,066,434.01 in Q1 2023, indicating a decline of 22.49%[57] - The total profit for the current period is 534,870,818.23, compared to 594,492,285.24 in the previous period, indicating a decrease of about 10.0%[61] - The basic earnings per share for the current period is 0.20, down from 0.24 in the previous period, reflecting a decline of 16.7%[63] - The total comprehensive income attributable to the parent company's owners is 466,831,967.60, compared to 530,759,403.05 in the previous period, a decrease of approximately 12.1%[63] - The company reported an operating profit of 532,596,690.25, down from 593,703,441.87, which is a decline of about 10.3%[61] - The total comprehensive income for the current period is 458,835,168.71, compared to 534,570,049.80 in the previous period, reflecting a decrease of approximately 14.2%[63] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥58,584,823,225.72, an increase of 1.59% from the end of the previous year[4] - The total assets increased to 58,584,823,225.72 RMB, up from 57,668,323,649.76 RMB, indicating a growth of approximately 1.59%[28] - The total liabilities rose to 32,252,451,948.83 RMB, compared to 31,856,620,897.73 RMB, marking an increase of about 1.24%[29] - The company's total equity attributable to shareholders increased to 25,636,818,176.80 RMB from 25,169,652,853.05 RMB, representing a growth of approximately 1.85%[29] - The company reported a total equity of RMB 26,332,371,276.89 as of March 31, 2024, compared to RMB 25,811,702,752.03 at the end of 2023, reflecting an increase of 2.02%[55] Cash Flow - The cash flow from operating activities for Q1 2024 was negative at -¥1,599,714,111.06, compared to -¥1,630,904,337.82 in the same period last year[16] - The net cash flow from financing activities was 72,263,290.66 RMB, a significant increase compared to -9,289,137.40 RMB in the previous period[18] - The total cash and cash equivalents at the end of the period decreased to 4,973,420,400.45 RMB from 5,881,054,766.68 RMB, reflecting a net decrease of 1,680,377,793.51 RMB[18] - The cash and cash equivalents decreased to RMB 5,218,348,653.04 from RMB 6,980,622,653.94 at the end of 2023, a reduction of 25.29%[52] - The company's cash and cash equivalents at the beginning of the period were 6,653,798,193.96 RMB, indicating a decrease in liquidity[18] Contracts and Sales - The company reported a total of ¥1,289,782,000 in new contracts signed in Q1 2024, a year-over-year increase of 3.49%[10] - Domestic sales accounted for ¥1,221,849,000 in Q1 2024, up 2.50% from the previous year, while overseas sales increased by 25.20% to ¥67,932,000[10] - The company signed new contracts worth RMB 1,289,782,000 in Q1 2024, representing a year-on-year growth of 3.49%[39] Research and Development - The company's R&D expenses increased to RMB 340,051,504.38 in Q1 2024, up from RMB 275,863,630.72 in Q1 2023, marking a growth of 23.29%[57] Future Plans - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[1] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39]