中国电建(601669) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was RMB 140.15 billion, representing a year-on-year increase of 5.15% compared to RMB 133.29 billion in the same period last year[1]. - The net profit attributable to shareholders for Q1 2024 was RMB 3.04 billion, a slight increase of 0.79% from RMB 3.02 billion in Q1 2023[1]. - Total revenue for Q1 2024 reached ¥140,332,247,147.26, an increase from ¥133,475,098,803.21 in Q1 2023, representing a growth of approximately 5.1%[26]. - Net profit for Q1 2024 was ¥4,013,419,280.78, compared to ¥3,875,847,318.97 in Q1 2023, reflecting a year-over-year increase of about 3.6%[27]. - The total operating costs for Q1 2024 were ¥134,006,183,334.33, compared to ¥128,202,969,697.82 in Q1 2023, reflecting an increase of approximately 4.5%[22]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,215.18 billion, reflecting a year-on-year increase of 5.32% from RMB 1,153.77 billion[5]. - The company's total liabilities were reported at 568,454,723,315.84 RMB, compared to 544,159,270,743.26 RMB, which is an increase of about 4.99%[18]. - Total assets as of Q1 2024 were ¥1,215,183,864,891.70, compared to ¥1,153,774,735,013.99 in the previous year, marking an increase of about 5.4%[21]. - Total liabilities increased to ¥950,551,584,271.43 in Q1 2024 from ¥894,124,637,157.12 in Q1 2023, which is an increase of approximately 6.3%[21]. Equity and Earnings - The company's equity attributable to shareholders at the end of the reporting period was RMB 163.93 billion, an increase of 2.08% from RMB 160.58 billion at the end of the previous year[5]. - The company's total equity increased to 646,729,141,576.86 RMB from 609,615,464,269.73 RMB, reflecting a growth of about 6.09%[20]. - The company's equity attributable to shareholders reached ¥163,926,825,657.13 in Q1 2024, up from ¥160,580,347,561.55 in Q1 2023, reflecting a growth of about 2.3%[21]. - Basic earnings per share for Q1 2024 were ¥0.1708, slightly up from ¥0.1705 in Q1 2023[27]. Cash Flow and Financing - In Q1 2024, the company reported cash inflows from operating activities of approximately CNY 147.63 billion, an increase from CNY 131.76 billion in Q1 2023, representing a growth of about 12%[28]. - The net cash outflow from operating activities was CNY -39.00 billion, compared to CNY -32.96 billion in the same period last year, indicating a decline in operational cash flow[28]. - Cash inflows from financing activities totaled CNY 103.43 billion, up from CNY 86.43 billion in Q1 2023, marking an increase of approximately 19.7%[29]. - The net increase in cash and cash equivalents for the quarter was CNY 16.27 billion, compared to CNY 10.09 billion in Q1 2023, reflecting a growth of about 61.2%[29]. Borrowings and Financial Expenses - Short-term borrowings increased by 119.95%, primarily to meet business development needs and to supplement working capital[8]. - Financial expenses decreased by 40.12%, mainly due to net exchange gains this year compared to net losses in the same period last year[8]. - Long-term borrowings rose to 338,113,439,614.26 RMB from 315,206,434,347.29 RMB, reflecting an increase of approximately 7.43%[19]. - Interest expenses for Q1 2024 were ¥3,365,411,419.53, compared to ¥3,030,496,872.82 in Q1 2023, representing an increase of approximately 11%[23]. Research and Development - Research and development expenses amounted to ¥3,183,207,953.79 in Q1 2024, up from ¥2,906,927,287.30 in Q1 2023, indicating a growth of approximately 9.5%[26]. - The company incurred research and development expenses of CNY 30,241,713.65 in Q1 2024, compared to CNY 55,510,008.06 in Q1 2023[38]. Other Financial Metrics - The weighted average return on equity for the period was 2.24%, a decrease of 0.24 percentage points compared to 2.48% in the previous year[5]. - The company reported a decrease in employee compensation payable from 3,266,069,965.22 RMB to 2,551,112,034.88 RMB, a reduction of approximately 21.83%[15]. - The company reported a total equity of CNY 89,784,002,442.04 as of Q1 2024, slightly down from CNY 90,223,109,050.56 in the previous quarter[37]. - The total comprehensive income for Q1 2024 was a loss of CNY 336,904,522.09, compared to a loss of CNY 235,863,728.57 in Q1 2023[39].