CNNP(SH:601985)2024-04-26 13:02Financial Performance - The company's operating revenue for Q1 2024 was CNY 17,988,347,736.71, representing a year-on-year increase of 0.53%[4] - The net profit attributable to shareholders for Q1 2024 was CNY 3,058,910,909.24, an increase of 1.18% compared to the same period last year[4] - Total revenue for Q1 2024 reached RMB 17,988,347,736.71, a slight increase from RMB 17,893,494,221.82 in Q1 2023, reflecting a year-over-year growth of approximately 0.53%[22] - Basic earnings per share for Q1 2024 was 0.162 CNY, compared to 0.157 CNY in Q1 2023, indicating an increase of approximately 3.18%[25] - Total comprehensive income for Q1 2024 was 5,645,347,991.06 CNY, compared to 5,403,971,589.98 CNY in Q1 2023, reflecting an increase of approximately 4.48%[25] - The company reported a net profit of CNY -4.66 million for Q1 2024, compared to a net profit of CNY 48.01 million in Q1 2023, reflecting a significant decline[34] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 9,483,193,668.69, showing a decrease of 1.06% year-on-year[4] - The company's cash and cash equivalents stood at RMB 17,868,224,049.57, significantly higher than RMB 9,773,819,118.86 from the previous period, indicating a growth of approximately 82.67%[19] - The net cash flow from operating activities for Q1 2024 was ¥9,483,193,668.69, a slight decrease from ¥9,584,826,921.88 in Q1 2023[27] - The cash flow from operating activities outflow totaled ¥11,158,111,340.43, compared to ¥10,047,191,101.35 in the previous year, reflecting an increase of approximately 11.1%[27] - The total cash and cash equivalents at the end of Q1 2024 amounted to ¥17,369,653,520.32, up from ¥19,704,275,432.88 at the end of Q4 2023[28] Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 565,701,367,672.15, reflecting a growth of 4.90% from the end of the previous year[5] - Total liabilities reached RMB 397,112,247,592.38, compared to RMB 376,469,247,784.67, reflecting an increase of about 5.06%[21] - Current assets totaled RMB 78,300,284,781.55 as of March 31, 2024, compared to RMB 68,240,332,727.60 at the end of 2023, indicating a growth of about 14.99%[19] - Non-current assets increased to RMB 487,401,082,890.60 from RMB 471,026,917,748.42, representing a growth of approximately 3.83%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 290,962, with the largest shareholder holding 59.36% of the shares[11] - The total number of unrestricted circulating shares held by China National Nuclear Corporation is 11,209,263,209 shares, representing 59.36% of the total[14] - Zhejiang Energy Power Co., Ltd. holds 465,574,629 shares, accounting for 2.47% of the total[14] - China Securities Finance Corporation holds 465,406,674 shares, which is 2.46% of the total[14] Research and Development - Research and development expenses decreased by 75.5%, primarily due to project progress impacts[8] - The company has allocated significant resources towards research and development, particularly in data resources, with development expenditures reported at RMB 1,068,955,925.31[20] - The company’s research and development expenses were CNY 75.03 million, a notable increase from CNY 9.92 million in the previous year, indicating a focus on innovation[32] Investment Income - The company reported a significant increase in investment income by 68.11% due to higher returns from joint ventures[8] - The company reported an investment income of 65,746,026.52 CNY in Q1 2024, up from 39,109,051.76 CNY in Q1 2023, representing an increase of about 68.5%[24] Operating Costs - The total operating costs for Q1 2024 were 11,872,492,326.76 CNY, compared to 11,984,260,746.45 CNY in Q1 2023, indicating a decrease of approximately 0.93%[24] - Financial expenses for Q1 2024 were 1,685,809,849.24 CNY, down from 1,874,596,172.96 CNY in Q1 2023, a decrease of about 10.05%[24]