中原高速(600020) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,094,550,345.73, representing a decrease of 9.07% compared to the same period last year[5] - Net profit attributable to shareholders decreased by 26.41% to CNY 283,987,271.23, primarily due to adverse factors such as extreme weather and increased free passage days during the Spring Festival[6] - Basic and diluted earnings per share decreased by 31.03% to CNY 0.1123[5] - Total revenue for the first quarter of 2024 was RMB 1,069,824,822.94, a decrease of 9.56% compared to the previous year[15] - The transportation sector generated revenue of RMB 1,053,245,674.02, with a year-over-year decline of 5.89%[15] - The real estate sector reported a significant drop in revenue, down 95.98% to RMB 2,275,610.40[15] - The construction services segment saw a revenue increase of 103.75%, totaling RMB 14,303,538.52[15] - Net profit for Q1 2024 was CNY 284,017,669.47, a decline of 26.5% from CNY 385,954,986.65 in Q1 2023[25] - Earnings per share for Q1 2024 was CNY 0.1123, compared to CNY 0.1628 in Q1 2023, reflecting a decrease of 30.9%[25] - Operating profit for Q1 2024 was CNY 396,552,812.42, a decrease of 8.3% compared to CNY 432,378,998.58 in Q1 2023[36] Cash Flow and Liquidity - The net cash flow from operating activities fell by 33.83% to CNY 387,877,113.28, attributed to increased split funds for toll fees[9] - Cash and cash equivalents increased to RMB 614,435,848.11 from RMB 482,668,462.17, reflecting a growth of 27.3%[18] - The net cash flow from operating activities for Q1 2024 was CNY 62,668,238.34, a significant decline from CNY 440,695,829.40 in Q1 2023[39] - The company reported a decrease in cash received from sales to CNY 806,677,080.68 in Q1 2024, down from CNY 965,470,454.35 in Q1 2023[39] - The net cash flow from investment activities was -289,493,340.55 CNY, compared to -15,029,814.86 CNY in the previous year, indicating a significant increase in cash outflow[40] - Total cash inflow from financing activities reached 9,308,810,000.00 CNY, up from 3,000,000,000.00 CNY year-over-year[40] - The net increase in cash and cash equivalents was 132,810,875.43 CNY, contrasting with a decrease of -184,642,218.50 CNY in the previous year[40] Assets and Liabilities - Total assets at the end of the reporting period were CNY 50,324,072,413.51, a slight increase of 0.53% from the end of the previous year[6] - Total liabilities for Q1 2024 were CNY 35,311,758,674.52, a marginal increase from CNY 35,297,292,396.37 in Q1 2023[20] - Non-current liabilities totaled CNY 29,723,679,605.94 in Q1 2024, up from CNY 27,559,695,466.68 in Q1 2023[20] - Total liabilities as of Q1 2024 amounted to CNY 34,795,868,827.92, slightly up from CNY 34,585,051,834.49 in the previous year[34] - The total equity as of Q1 2024 was CNY 13,454,846,673.07, an increase from CNY 13,178,442,670.19 in the previous year[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,417[10] - The largest shareholder, Henan Transportation Investment Group Co., Ltd., holds 45.09% of the shares[11] - There were no significant changes in the shareholder structure, with no new major shareholders reported[14] Government Support and Subsidies - The company received government subsidies amounting to CNY 12,990,150.85 during the reporting period[8] Strategic Focus - The company plans to focus on expanding its construction services and improving operational efficiency in the transportation sector[14] Financial Expenses and Investment Income - The company reported a decrease in financial expenses to CNY 233,573,656.98 in Q1 2024 from CNY 290,756,661.08 in Q1 2023, a reduction of 19.6%[24] - The company’s investment income for Q1 2024 was CNY 31,519,464.56, down from CNY 72,848,678.96 in Q1 2023, indicating a significant decline of 56.7%[24] - Investment income for Q1 2024 was CNY 43,705,095.38, a decrease from CNY 73,772,890.97 in Q1 2023[36] Accounting Standards - The company has not adopted new accounting standards or interpretations for the current year, maintaining consistency in financial reporting[40]