Chutian Expressway(SH:600035)2024-04-29 08:05Financial Performance - The company's operating revenue for Q1 2024 was CNY 981,408,510.12, representing an increase of 28.47% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 20.77% to CNY 280,757,622.83, while the net profit after deducting non-recurring gains and losses fell by 22.52% to CNY 274,283,145.00[5]. - The company's basic and diluted earnings per share were both CNY 0.17, a decrease of 22.73% from the previous year[5]. - The weighted average return on equity was 3.37%, a decrease of 1.25 percentage points compared to the previous year[5]. - Net profit for Q1 2024 was ¥298,382,737.87, a decrease of 18.9% compared to ¥367,834,309.15 in Q1 2023[23]. - The total comprehensive income for Q1 2024 was ¥298,348,279.29, down from ¥369,351,455.02 in Q1 2023[24]. - The company's retained earnings increased to CNY 3,796,632,921.92 from CNY 3,595,220,587.16, reflecting a growth of 5.6%[31]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 374,629,435.00, down 20.54% year-on-year[5]. - Cash flow from operating activities in Q1 2024 was ¥880,201,802.24, an increase from ¥840,572,498.87 in Q1 2023[26]. - The net cash inflow from operating activities for Q1 2024 was CNY 374,629,435, a decrease of 20.5% compared to CNY 471,454,236 in Q1 2023[27]. - The company's cash and cash equivalents at the end of Q1 2024 were CNY 2,558,498,911.88, down from CNY 2,863,385,077.15 a year earlier[28]. - The company reported cash and cash equivalents of ¥1,478,501,037.46 at the end of Q1 2024, down from ¥2,289,531,514.88 at the end of Q1 2023[37]. Assets and Liabilities - Total assets increased by 4.54% to CNY 20,433,638,431.17 compared to the end of the previous year[6]. - The total assets as of March 31, 2024, amounted to CNY 13,956,800,599.73, an increase from CNY 13,881,020,695.15 at the end of 2023[30]. - Total liabilities as of Q1 2024 amounted to ¥10,603,153,844.00, compared to ¥10,014,702,068.79 in the previous year[21]. - The total current liabilities rose to RMB 2,381,623,999.98 from RMB 1,321,175,194.51, indicating an increase of approximately 80.24%[19]. - The total liabilities decreased to CNY 5,814,628,595.61 from CNY 5,940,261,025.79 at the end of 2023[31]. Operating Costs and Expenses - The company experienced an 82.47% increase in operating costs, primarily due to the addition of refined oil sales business[11]. - Total operating costs for Q1 2024 were ¥608,574,498.57, up 62.0% from ¥375,656,111.58 in Q1 2023[22]. - Research and development expenses rose by 42.01% due to increased investment in smart transportation projects[11]. - Research and development expenses for Q1 2024 were ¥1,835,072.00, compared to ¥1,292,253.93 in Q1 2023, reflecting a focus on innovation[22]. - The cash outflow for purchasing fixed assets and intangible assets was CNY 109,969,253.61, compared to CNY 54,121,099.44 in Q1 2023, indicating increased investment in assets[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,323[13]. - Total equity attributable to shareholders reached ¥8,472,009,177.87, up from ¥8,191,286,400.17 in Q1 2023[21]. Investments and Other Income - The company received a fund distribution of RMB 200,000 from its investment in Wuhan Changrui New Emerging Equity Investment Center during the reporting period[16]. - The company reported an investment income of ¥8,320,897.22 for Q1 2024[23]. - The company reported other income of ¥13,052,522.35 in Q1 2024, slightly down from ¥13,641,134.75 in Q1 2023[34].