Financial Performance - The company's operating revenue for Q1 2024 was CNY 149,949,264 thousand, representing a 3.81% increase year-over-year[10] - Net profit attributable to shareholders decreased by 20.56% to CNY 2,678,657 thousand[10] - The basic earnings per share (EPS) was CNY 0.12, down 20.00% compared to the previous year[10] - Net profit for Q1 2024 was CNY 3,144,854, down 28.34% from CNY 4,388,882 in Q1 2023[39] - Operating profit for Q1 2024 decreased to CNY 3,875,664, a decline of 26.78% from CNY 5,301,192 in Q1 2023[38] - Total comprehensive income for Q1 2024 was CNY 3,214,758, a decrease of 25.4% from CNY 4,309,121 in Q1 2023[41] - Net income attributable to shareholders for Q1 2024 was CNY 2,740,760, down 17.3% from CNY 3,313,169 in Q1 2023[41] Assets and Liabilities - Total assets increased by 6.27% to CNY 703,095,119 thousand compared to the end of the previous year[11] - The company's total liabilities increased to CNY 528,049,613 from CNY 493,611,071, marking a rise of 6.97%[35] - Current liabilities rose to CNY 478,417,911, up from CNY 448,818,443 at the end of 2023, indicating a 6.67% increase[35] - Long-term borrowings increased to CNY 37,042,917 from CNY 34,168,791, reflecting an increase of 5.43%[35] - The total equity of shareholders increased to 119,172,924 thousand RMB in 2024 from 115,385,473 thousand RMB in 2023, reflecting a growth of 2.4%[55] Cash Flow - The net cash flow from operating activities was negative at CNY (30,747,367) thousand, not applicable for comparison[10] - Cash inflow from operating activities in Q1 2024 was CNY 116,613,345, a decrease of 9.9% from CNY 129,401,342 in Q1 2023[45] - Net cash flow from operating activities for Q1 2024 was (CNY 30,747,367), compared to (CNY 21,557,680) in Q1 2023, indicating a worsening cash flow situation[45] - Cash inflow from investing activities in Q1 2024 was CNY 197,374, significantly lower than CNY 746,948 in Q1 2023, a decline of 73.6%[47] - Net cash flow from investing activities for Q1 2024 was (CNY 675,735), compared to (CNY 1,345,130) in Q1 2023, showing reduced investment activity[47] - Cash inflow from financing activities in Q1 2024 was CNY 95,423,281, slightly up from CNY 94,871,687 in Q1 2023[47] - Net cash flow from financing activities for Q1 2024 was CNY 36,669,904, compared to CNY 35,749,953 in Q1 2023, indicating stable financing[48] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 336,717[16] - The largest shareholder, China Metallurgical Group Corporation, holds 49.18% of the shares[17] - The company has a significant shareholder, China Metallurgical Group Corporation, holding 10,190,955,300 shares, representing a substantial portion of the total shares[22] - The top ten unrestricted shareholders collectively hold shares amounting to 63,516,600 each from various asset management plans[22] Market and Strategic Initiatives - The company has not disclosed any new product developments or market expansion strategies in this report[10] - The company signed new contracts totaling RMB 316.945 billion in Q1 2024, a decrease of 2.72% compared to the same period last year[28] - The new overseas contract amount reached RMB 18.734 billion, representing a growth of 151% year-on-year[28] - The company is focused on expanding its market presence and enhancing its operational efficiency through strategic initiatives[28] Research and Development - Research and development expenses remained stable at CNY 2,817,852, slightly up from CNY 2,814,669 in Q1 2023[38]
中国中冶(01618) - 2024 Q1 - 季度业绩