MCC(SH:601618)2024-04-29 11:27Financial Performance - The company's operating revenue for Q1 2024 was RMB 149,949,264 thousand, representing a year-on-year increase of 3.81%[4] - The net profit attributable to shareholders of the listed company was RMB 2,678,657 thousand, showing a decrease of 20.56% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 2,668,559 thousand, down 18.75% year-on-year[4] - The basic earnings per share for the period was RMB 0.12, reflecting a decrease of 20.00%[4] - Net profit for Q1 2024 was RMB 3,144,854 thousand, down 28.34% from RMB 4,388,882 thousand in Q1 2023[16] - Total comprehensive income for Q1 2024 was RMB 3,214,758 thousand, a decrease from RMB 4,309,121 thousand in Q1 2023[17] - Basic earnings per share for Q1 2024 were RMB 0.12, down from RMB 0.15 in Q1 2023[17] Assets and Liabilities - The total assets at the end of the reporting period were RMB 703,095,119 thousand, an increase of 6.27% from the end of the previous year[5] - The equity attributable to shareholders of the listed company was RMB 152,125,543 thousand, up 4.57% compared to the end of the previous year[5] - Total assets as of March 31, 2024, included cash and cash equivalents of RMB 2,943,400 thousand, significantly up from RMB 993,899 thousand at the end of 2023[20] - Total liabilities increased to RMB 528.050 billion from RMB 493.611 billion at the end of 2023[15] - The company’s total liabilities increased to CNY 63.67 billion as of March 31, 2024, up from CNY 56.30 billion at the end of 2023, indicating a rise of about 13.4%[23] - Shareholders' equity totaled RMB 175.046 billion, up from RMB 167.991 billion at the end of 2023[15] - Shareholders' equity totaled CNY 119.17 billion, an increase from CNY 115.39 billion at the end of 2023, representing a growth of approximately 3.2%[23] Cash Flow - The net cash flow from operating activities was negative at RMB (30,747,367) thousand, indicating a significant cash outflow[4] - Cash flow from operating activities showed a net outflow of RMB 30,747,367 thousand in Q1 2024, compared to a net outflow of RMB 21,557,680 thousand in Q1 2023[18] - Cash and cash equivalents at the end of Q1 2024 totaled RMB 39,158,146 thousand, down from RMB 46,420,975 thousand at the end of Q1 2023[19] - The company raised RMB 3,994,458 thousand from investment activities in Q1 2024, compared to RMB 18,000,000 thousand in Q1 2023[19] - Cash and cash equivalents at the end of Q1 2024 amounted to CNY 2.92 billion, down from CNY 6.81 billion at the end of Q1 2023[26] Contracts and Shareholders - In Q1 2024, the company signed new contracts totaling RMB 316.945 billion, a decrease of 2.72% compared to the same period last year[11] - The overseas contract amount reached RMB 18.734 billion, representing a growth of 151% year-on-year[11] - The total number of ordinary shareholders at the end of the reporting period was 336,717[7] - The company has not identified any related party relationships among the top shareholders[10] Expenses - Research and development expenses for Q1 2024 were RMB 2,817,852 thousand, slightly up from RMB 2,814,669 thousand in Q1 2023[16] - The company reported a total operating cost of RMB 144,971,343 thousand in Q1 2024, an increase of 4.4% from RMB 138,012,335 thousand in Q1 2023[16] - The company’s financial expenses for Q1 2024 were CNY 244.51 million, compared to CNY 104.73 million in Q1 2023, indicating an increase of about 133.3%[24] Borrowings - Short-term borrowings surged to RMB 57.866 billion, compared to RMB 28.220 billion at the end of 2023[15] - The company reported a significant increase in short-term borrowings, rising to CNY 25.46 billion from CNY 9.73 billion at the end of 2023, reflecting a growth of approximately 161.5%[22]