2024-04-29 09:02Financial Performance - The operating revenue for Q1 2024 was CNY 274,948,792, representing a year-on-year increase of 0.52%[4] - The net profit attributable to shareholders was CNY 6,025,004, reflecting a growth of 1.98% compared to the same period last year[4] - Basic earnings per share (EPS) stood at CNY 0.399, which is an increase of 2.57% year-on-year[4] - The total comprehensive income for Q1 2024 was CNY 7,297,436, compared to CNY 6,666,806 in Q1 2023, indicating an increase of about 9.45%[25] - The operating profit for Q1 2024 was CNY 8,654,646, up from CNY 8,443,459 in Q1 2023, reflecting a growth of approximately 2.49%[24] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -46,593,910, indicating a significant cash outflow[4] - The company's cash and cash equivalents decreased to RMB 149,208,265 thousand from RMB 166,957,837 thousand, reflecting a decline of approximately 10.65%[19] - The cash inflow from operating activities was CNY 7,914,031, a decrease of 20.4% compared to CNY 9,935,457 in Q1 2023[34] - The total cash outflow from operating activities was CNY 8,980,970, an increase of 23.8% compared to CNY 7,250,553 in Q1 2023[34] - The company experienced a net decrease in cash and cash equivalents of CNY -493,552, contrasting with an increase of CNY 2,512,976 in Q1 2023[35] Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 1,709,108,441, marking a 2.77% increase from the end of the previous year[5] - The total liabilities increased to RMB 1,291,646,260 thousand from RMB 1,245,899,805 thousand, reflecting a growth of approximately 3.67%[22] - The equity attributable to shareholders reached RMB 315,550,372 thousand, compared to RMB 309,837,517 thousand, indicating an increase of about 1.23%[22] - The company's total liabilities decreased to CNY 30,969,324 as of March 31, 2024, down from CNY 32,356,677 at the end of 2023, reflecting a reduction of approximately 4.3%[30] Contracts and Business Development - The total new contracts signed by the group from the beginning of the year to the end of the reporting period amounted to RMB 550.6895 billion, representing 18.35% of the annual plan and a year-on-year increase of 2.05%[12] - Domestic business new contracts accounted for RMB 516.7436 billion, 93.84% of the total new contracts, with a year-on-year growth of 1.46%[12] - The total amount of unfinished contracts as of March 31, 2024, was RMB 698.86212 billion, an increase of 4.47% compared to the end of the previous year[12] - The engineering contracting industry signed new contracts worth RMB 4,101.120 billion, with a year-on-year increase of 3.12%[13] - The green environmental protection industry saw new contracts of RMB 276.795 billion, a significant year-on-year increase of 36.70% due to the company's commitment to green development[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 258,109[8] - The largest shareholder, China Railway Construction Group, holds 51.23% of the shares, amounting to 6,956,316,590 shares[8] - The controlling shareholder, China Railway Construction Group, increased its stake by acquiring 13,580,000 A shares, representing 0.1% of the total share capital, for a total amount of RMB 1.06 billion[18] Management Changes - The company appointed Mr. Dai Hegen as the executive director and chairman of the board on January 30, 2024[16] - The company adjusted the members of the Strategic and Investment Committee of the board on March 27-28, 2024, with Mr. Dai Hegen as the chairman[16] Research and Development - The company reported a decrease in research and development expenses to CNY 2,819,012 in Q1 2024 from CNY 2,925,631 in Q1 2023, a reduction of about 3.63%[24] - Research and development expenses for Q1 2024 were CNY 3,992, indicating a focus on innovation despite overall cost management[32]