CNECC(SH:601611)2024-04-29 11:27Financial Performance - The company's operating revenue for Q1 2024 was CNY 29,035,578,409.61, representing a year-on-year increase of 0.37%[4] - The net profit attributable to shareholders was CNY 557,004,358.29, reflecting a 9.60% increase compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was CNY 539,532,847.35, up by 7.96% year-on-year[4] - The basic earnings per share for the period was CNY 0.18, an increase of 5.88% from the previous year[4] - The company reported a profit margin of approximately 2.57% in Q1 2024, compared to 2.42% in Q1 2023, showing an improvement in profitability[20] - Net profit for Q1 2024 was approximately ¥745.89 million, up from ¥699.86 million in Q1 2023, indicating a growth of 6.58%[20] - Earnings per share (EPS) for Q1 2024 was ¥0.18, up from ¥0.17 in Q1 2023, reflecting a growth of 5.88%[20] Assets and Liabilities - The total assets at the end of the reporting period were CNY 219,110,136,014.74, a 1.75% increase from the end of the previous year[5] - The total assets as of March 31, 2024, amounted to RMB 219.11 billion, an increase from RMB 215.34 billion as of December 31, 2023, reflecting a growth of approximately 1.3%[16] - The total liabilities as of March 31, 2024, were RMB 134.10 billion, slightly up from RMB 133.22 billion, showing a marginal increase of about 0.7%[17] - The total liabilities increased to approximately ¥180.31 billion in Q1 2024 from ¥176.86 billion in Q1 2023, an increase of 2.59%[18] - The total equity attributable to shareholders rose to approximately ¥28.78 billion in Q1 2024, compared to ¥28.68 billion in Q1 2023, an increase of 0.39%[18] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 10,570,887,318.06, which is not applicable for year-on-year comparison[4] - In Q1 2024, the cash inflow from operating activities was approximately ¥21.28 billion, an increase of 20.5% compared to ¥17.74 billion in Q1 2023[21] - The cash outflow from operating activities totaled ¥31.86 billion, up from ¥29.41 billion in the same period last year, resulting in a net cash flow from operating activities of -¥10.57 billion[21] - The company’s cash flow from operating activities was negatively impacted by a net cash outflow of ¥10.57 billion, reflecting ongoing operational challenges[21] - The total cash and cash equivalents at the end of Q1 2024 were ¥13.01 billion, down from ¥13.53 billion at the end of Q1 2023[22] Research and Development - Research and development expenses increased by 43.88%, primarily due to increased investment in major nuclear power project construction technology research[8] - R&D expenses increased significantly to approximately ¥438.14 million in Q1 2024, compared to ¥304.52 million in Q1 2023, marking an increase of 43.87%[19] Non-Operating Income and Expenses - The company reported a 47.34% increase in non-operating income, mainly due to gains from the disposal of non-current assets[8] - The company’s financial expenses decreased to approximately ¥615.57 million in Q1 2024 from ¥736.61 million in Q1 2023, a reduction of 16.43%[19] - The company’s investment income increased to approximately ¥68.43 million in Q1 2024, compared to ¥26.40 million in Q1 2023, representing a growth of 158.36%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 94,404[10] - The company has no significant changes in shareholder relationships or actions among the top shareholders during the reporting period[13]