CHINA RAILWAY(00390)2024-10-30 10:24Financial Performance - For the third quarter ending September 30, 2024, the company's operating revenue was CNY 275,194,003, representing a decrease of 6.22% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 6,291,574, reflecting a decline of 19.05% year-over-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,915,572, down 19.70% from the previous year[4]. - The basic and diluted earnings per share were both CNY 0.252, a decrease of 18.18% compared to the same period last year[4]. - The total operating revenue for the first three quarters of 2024 was RMB 820.283 billion, a decline of 7.26% year-on-year, with a comprehensive gross margin of 8.95%, down 0.27 percentage points[19]. - Total revenue for the first three quarters of 2024 reached RMB 820,283,313 thousand, a decrease of 7.3% compared to RMB 884,520,479 thousand in the same period of 2023[27]. - Operating profit for the first three quarters of 2024 was RMB 27,016,771 thousand, down 15.5% from RMB 31,996,199 thousand in the first three quarters of 2023[27]. - The company reported a net profit of RMB 22,460,711 thousand for the first three quarters of 2024, down from RMB 26,319,856 thousand in the same period of 2023[27]. - Net profit for the first three quarters of 2024 is 22,460,711, a decrease of 14.5% compared to 26,319,856 in the same period of 2023[28]. - Net profit attributable to the parent company's shareholders is 20,569,710, down 14.9% from 24,011,700 in the previous year[28]. - Total comprehensive income for the first three quarters of 2024 is 23,069,028, a decline of 13.3% from 26,668,548 in 2023[29]. - Basic and diluted earnings per share for the first three quarters of 2024 are both 0.784, down from 0.913 in 2023[29]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 1,925,018, indicating a significant cash outflow[4]. - Cash flow from operating activities for the first three quarters of 2024 is -71,257,347, compared to -33,723,494 in the same period of 2023[31]. - Cash inflow from operating activities in the first three quarters of 2024 was 22,417,891 thousand RMB, down from 32,404,035 thousand RMB in 2023, reflecting a decrease of about 31%[38]. - Total cash outflow from operating activities in the first three quarters of 2024 was 27,380,273 thousand RMB, compared to 34,044,600 thousand RMB in 2023, indicating a reduction of approximately 19%[38]. - The company reported a net cash outflow from investment activities of -36,811,070 for the first three quarters of 2024, compared to -50,854,097 in 2023[31]. - Cash inflow from financing activities in the first three quarters of 2024 was 62,900,000 thousand RMB, down from 65,589,000 thousand RMB in 2023, reflecting a decrease of about 4%[39]. - The net cash flow from financing activities for the first three quarters of 2024 was -4,580,359 thousand RMB, compared to -10,670,858 thousand RMB in the same period of 2023, showing an improvement of approximately 57%[39]. - Cash and cash equivalents at the end of the first three quarters of 2024 amounted to 158,232,664, down from 165,115,591 in 2023[32]. - The company's cash and cash equivalents decreased to RMB 183.882 billion from RMB 234.513 billion year-on-year[23]. - The cash and cash equivalents at the end of the first three quarters of 2024 amounted to 31,629,597 thousand RMB, an increase from 24,615,187 thousand RMB at the end of the same period in 2023, representing a growth of about 28%[39]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,128,258,300, an increase of 16.33% from the end of the previous year[4]. - Non-current assets totaled RMB 929,728,077 thousand as of September 30, 2024, an increase of 12.8% from RMB 823,744,563 thousand at the end of 2023[26]. - The company's total liabilities reached RMB 1,638,695,405 thousand, representing a 19.6% increase from RMB 1,369,537,197 thousand at the end of 2023[26]. - The total liabilities decreased to RMB 239,081,339,000 as of September 30, 2024, from RMB 248,733,465,000 at the end of 2023, representing a reduction of approximately 3.4%[35]. - Long-term borrowings increased to RMB 319,854,315 thousand as of September 30, 2024, up 14.4% from RMB 279,718,807 thousand at the end of 2023[26]. - The company's short-term borrowings rose sharply to RMB 32,900,000,000 from RMB 19,500,000,000, an increase of approximately 68.7%[35]. - The company's total assets amounted to RMB 2,128,258,300 thousand as of September 30, 2024, up 16.3% from RMB 1,829,439,189 thousand at the end of 2023[26]. - The total equity attributable to shareholders reached RMB 351,904,271 thousand, an increase of 5.8% from RMB 332,533,508 thousand at the end of 2023[26]. - The total equity of the company increased to RMB 263,711,401,000 as of September 30, 2024, up from RMB 252,034,804,000 at the end of 2023, reflecting a growth of about 4.6%[35]. Contractual Performance - The company achieved new contract signings of CNY 1,527.86 billion, a year-on-year decrease of 15.2%[15]. - Domestic business new contract signings amounted to CNY 1,404.63 billion, down 16.1% year-on-year[15]. - Overseas business new contract signings reached CNY 123.23 billion, reflecting a year-on-year decline of 3.2%[15]. - The total uncompleted contract amount as of the reporting period was CNY 6,325.26 billion, an increase of 7.6% compared to the end of 2023[15]. - The total new contracts signed in the first three quarters of 2024 amounted to RMB 15,278.6 billion, a decrease of 15.2% compared to the same period in 2023[16]. - The engineering construction segment saw new contracts of RMB 10,857.3 billion, down 19.2% year-on-year, with significant declines in railway (5.2%), highway (33.7%), and urban rail (58.0%) sectors[16]. - The emerging business segment achieved new contracts of RMB 2,110.5 billion, reflecting a growth of 23.4%, driven by water conservancy (106.2%) and clean energy (52.4%) sectors[18]. Inventory and Reserves - The company’s inventory increased to RMB 270.743 billion as of September 30, 2024, compared to RMB 219.361 billion at the end of 2023[23]. - The company’s land reserve area at the end of the reporting period was 1,197.1 million square meters, with a new land reserve of 39.8 million square meters, up 31.4%[17].