2024-04-29 09:17Financial Performance - The company's operating revenue for Q1 2024 was approximately CNY 24.29 billion, representing an increase of 8.09% compared to CNY 22.36 billion in the same period last year[6]. - Net profit attributable to shareholders decreased by 16.05% to CNY 802.73 million from CNY 960.93 million year-on-year[6]. - The basic earnings per share for Q1 2024 was CNY 0.1101, down 15.57% from CNY 0.1310 in the previous year[7]. - Total operating revenue for Q1 2024 reached ¥24.29 billion, an increase of 8.1% compared to ¥22.47 billion in Q1 2023[25]. - Net profit for Q1 2024 was ¥842.30 million, a decrease of 15.7% from ¥999.42 million in Q1 2023[26]. - The company’s net comprehensive income attributable to the parent company was approximately 776.03 million RMB in Q1 2024, down from 946.68 million RMB in Q1 2023, reflecting a decrease of about 18%[27]. - Basic and diluted earnings per share for Q1 2024 were both 0.11 RMB, compared to 0.13 RMB in Q1 2023, indicating a decline of approximately 15.4%[27]. Assets and Liabilities - Total assets increased by 4.83% to CNY 79.55 billion from CNY 75.89 billion at the end of the previous year[7]. - The company's total assets increased to ¥79.55 billion in Q1 2024, compared to ¥75.89 billion in Q1 2023, reflecting a growth of 4.4%[22]. - Current liabilities totaled ¥30.63 billion in Q1 2024, up 9.3% from ¥28.04 billion in Q1 2023[22]. - Non-current liabilities amounted to ¥7.90 billion in Q1 2024, an increase of 2.1% from ¥7.73 billion in Q1 2023[22]. - The total liabilities amounted to CNY 16,350,310,022.76, down from CNY 17,931,760,865.57 in the previous year[34]. - The total liabilities and equity combined were CNY 43,254,424,111.88, a decrease from CNY 44,500,387,059.25 in the previous year[34]. Cash Flow - The company reported a net cash flow from operating activities of CNY -2.71 billion, compared to CNY -115.01 million in the same period last year[7]. - In Q1 2024, the company reported a net cash flow from operating activities of -2.71 billion RMB, compared to -153.59 million RMB in Q1 2023, indicating a significant decline in operational cash flow[29]. - The company's cash and cash equivalents as of March 31, 2024, amount to ¥10,849,821,380.28, down from ¥13,964,177,974.41 as of December 31, 2023[20]. - Cash and cash equivalents at the end of Q1 2024 were approximately 10.76 billion RMB, down from 15.49 billion RMB at the end of Q1 2023, representing a decrease of about 30.5%[30]. - The company’s net cash flow from investing activities was -347.60 million RMB in Q1 2024, an improvement from -464.94 million RMB in Q1 2023[30]. - The cash flow from operating activities showed a net outflow of CNY -101,899,216.78, compared to CNY -11,326,078.50 in Q1 2023[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 42,024[13]. - The top 10 shareholders hold a total of 6,300,000,000 shares, representing 88.44% of the total shares[13]. - China Foreign Transport & Travel Group Co., Ltd. holds 2,472,216,200 shares, accounting for 33.89% of total shares[13]. - HKSCC Nominees Limited holds 2,000,758,389 shares, representing 27.43% of total shares[13]. - The number of A-share shareholders is 41,899, with 125 registered H-share shareholders[14]. - The company has not reported any significant changes in shareholder structure due to margin trading activities[17]. - The company has not issued any new shares or made any significant changes to its capital structure during the reporting period[18]. Operational Metrics - The volume of contract logistics increased to 11.77 million tons, up from 9.31 million tons year-on-year[9]. - The company handled 3.23 million TEUs in sea freight agency services, an increase from 2.66 million TEUs in the same period last year[10]. - Cross-border e-commerce logistics volume was 79.11 million tickets, down from 95.04 million tickets year-on-year[12]. Expenses - Total operating costs for Q1 2024 were ¥24.16 billion, up 9.0% from ¥22.15 billion in Q1 2023[26]. - Research and development expenses for Q1 2024 were ¥26.49 million, a decrease of 9.0% from ¥29.10 million in Q1 2023[26]. - Research and development expenses decreased to CNY 15,636,713.03 from CNY 34,215,994.80 in the same period last year[37]. - The company reported a significant increase in financial expenses, rising to CNY 19,237,937.83 from CNY 3,729,492.73 in Q1 2023[37].