2024-04-29 11:01Financial Performance - The operating revenue for the first quarter was CNY 265,011,337, representing a decrease of 2.56% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 7,481,215, reflecting a decline of 5.04% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,168,617, down by 3.30% from the previous year[4]. - The basic earnings per share were CNY 0.289, a decrease of 5.25% compared to the same period last year[4]. - The company reported a total revenue of CNY 265.65 billion, a decrease of 2.56% year-on-year[15]. - The total profit for Q1 2024 was CNY 9,861,266 thousand, down 8.5% from CNY 10,773,328 thousand in the same period last year[20]. - The net profit for Q1 2024 reached CNY 940,755, an increase of 76.1% from CNY 534,101 in Q1 2023[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,857,390,090, an increase of 1.53% from the end of the previous year[5]. - The equity attributable to shareholders increased to CNY 339,936,440, up by 2.23% from the previous year-end[5]. - Total liabilities amounted to CNY 1,386,444,984, reflecting a rise of 1.2% from CNY 1,369,537,197 in the previous period[18]. - The total assets of the company reached CNY 1,857,390,090, an increase of 1.8% from CNY 1,829,439,189 at the end of 2023[18]. - The company’s total liabilities as of March 31, 2024, were CNY 100,000,000 thousand, reflecting a stable leverage position compared to the previous quarter[23]. - The total assets decreased to CNY 486,253,340 in Q1 2024 from CNY 500,768,269 in Q1 2023, reflecting a decline of 2.9%[24]. - The total liabilities decreased to CNY 233,318,032 in Q1 2024 from CNY 248,733,465 in Q1 2023, a reduction of 6.2%[24]. Cash Flow - The company reported a net cash flow from operating activities of CNY -68,065,449, indicating cash outflow due to project payments[4]. - The net cash flow from operating activities was negative CNY 68,065,449 thousand, worsening from negative CNY 38,024,251 thousand in the previous year[21]. - Cash and cash equivalents at the end of Q1 2024 were CNY 151,897,527 thousand, down from CNY 177,684,218 thousand at the end of Q1 2023[22]. - The cash outflow from financing activities totaled CNY 17,287,295 thousand, significantly higher than CNY 7,293,040 thousand in Q1 2023[22]. - The net cash flow from financing activities was -¥11,058,684, a decrease from -¥8,069,758 in the previous year[28]. - The total cash outflow from financing activities increased to ¥26,058,684 from ¥15,058,758 year-over-year[28]. Revenue Breakdown - The company's revenue for infrastructure construction was CNY 235.61 billion, showing a slight increase of 0.37% year-on-year[15]. - The revenue from design consulting was CNY 4.78 billion, reflecting a year-on-year increase of 1.11%[15]. - Equipment manufacturing revenue was CNY 6.63 billion, down 8.77% year-on-year[15]. - Real estate development revenue dropped significantly to CNY 418.3 million, a decrease of 46.90% year-on-year[15]. - The company noted a significant decline in the specialty real estate sector, with new contracts down 60.5% year-on-year[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 474,401[8]. - The company’s basic earnings per share for Q1 2024 were CNY 0.289, compared to CNY 0.305 in Q1 2023[20]. Economic Environment - The macroeconomic environment showed a GDP growth of 5.3% year-on-year in Q1 2024, with fixed asset investment increasing by 4.5%[12].