中交设计(600720) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,140,357,986.76, a decrease of 22.08% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 91,992,057.16, representing a year-on-year increase of 42.38%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 86,730,045.25, up 93.77% year-on-year[4] - The net profit for Q1 2024 was CNY 97,578,113.93, an increase of 28% compared to CNY 76,197,973.21 in Q1 2023[21] - The total comprehensive income for Q1 2024 was CNY 98,459,396.07, up from CNY 73,438,609.32 in Q1 2023, reflecting a growth of approximately 34%[22] - Operating profit for Q1 2024 reached CNY 121,095,487.25, compared to CNY 98,546,936.72 in the same period last year, marking an increase of about 23%[21] - The total profit for Q1 2024 was CNY 120,562,871.92, an increase from CNY 98,416,151.14 in Q1 2023, representing a growth of approximately 22%[21] Cash Flow and Liquidity - The company's cash flow from operating activities was negative at CNY -996,450,929.58, indicating a significant cash outflow[4] - Cash flow from operating activities showed a net outflow of CNY 996,450,929.58 in Q1 2024, compared to a smaller outflow of CNY 117,661,904.31 in Q1 2023[24] - The cash and cash equivalents at the end of Q1 2024 were CNY 5,275,606,736.32, down from CNY 7,912,645,724.46 at the end of Q1 2023, indicating a decrease of approximately 33%[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 26,887,047,243.21, a decrease of 2.20% from the end of the previous year[5] - Total assets decreased to CNY 26,887,047,243.21 in Q1 2024 from CNY 27,492,101,834.30 in Q1 2023, a decline of 2.2%[18] - Total liabilities decreased to CNY 13,992,766,098.11 from CNY 14,694,632,506.92, representing a reduction of 4.8%[18] - Current assets totaled CNY 17,177,069,969.04, down from CNY 17,871,233,866.77, a decrease of 3.9%[18] - Non-current assets increased to CNY 9,709,977,274.17 from CNY 9,620,867,967.53, an increase of 0.9%[18] - Shareholder equity rose to CNY 12,894,281,145.10 from CNY 12,797,469,327.38, indicating an increase of 0.8%[18] Expenses and Cost Management - The company reported a significant reduction in sales expenses by 38.90% due to effective cost control measures[8] - Total operating costs for Q1 2024 were CNY 2,039,093,320.02, down 23.0% from CNY 2,646,139,481.22 in Q1 2023[20] - Operating costs included CNY 1,798,018,947.66 in cost of goods sold, a reduction of 22.5% from CNY 2,324,436,737.30 in the same period last year[20] - Research and development expenses for Q1 2024 were CNY 120,859,871.70, slightly up from CNY 120,428,511.84 in Q1 2023[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 54,613, with the largest shareholder, China Communications Construction Company, holding 1,110,869,947 shares, representing 53.88% of the total[10] - The total number of shares held by the top ten shareholders includes significant stakes from state-owned enterprises, indicating a strong state influence in the company's ownership structure[12] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities during the reporting period[13] Other Financial Metrics - The basic earnings per share for Q1 2024 was CNY 0.0446, slightly down from CNY 0.0503 in Q1 2023[22] - The company experienced a significant increase in credit impairment losses, which amounted to CNY 18,739,731.93 in Q1 2024, compared to CNY 28,300,447.50 in Q1 2023[21] - The company reported a tax expense of CNY 22,984,757.99 for Q1 2024, slightly higher than CNY 22,218,177.93 in Q1 2023[21] Inventory and Receivables - Accounts receivable increased to CNY 7,944,791,337.31 from CNY 7,666,998,955.57 year-over-year, indicating a growth of approximately 3.6%[15] - The inventory level rose significantly to CNY 47,321,846.37 from CNY 28,741,857.78, reflecting an increase of about 64.5%[15] - The company reported other receivables of CNY 1,577,548,665.08, up from CNY 1,538,457,225.68, showing a growth of approximately 2.5%[15] - The company has a significant amount of receivables from dividends, totaling CNY 1,054,966,065.84, unchanged from the previous period[15] - The company’s prepayments increased to CNY 855,726,730.41 from CNY 749,433,169.87, reflecting a growth of approximately 14.2%[15] Research and Development - Research and development expenditure intensity was 5.65%, an increase of 1.27 percentage points year-on-year, indicating a commitment to innovation[7] - The company has not disclosed any new strategies or product developments in the current reporting period[14]