CSCEC(601668)2025-04-28 10:10Financial Performance - The company's operating revenue for Q1 2025 was CNY 555,342,204, representing a year-on-year increase of 1.1% compared to CNY 549,319,265 in the same period last year[4] - Total profit for the quarter was CNY 22,918,073, a slight increase of 0.4% from CNY 22,826,576 in the previous year[4] - Net profit reached CNY 17,956,203, reflecting a 0.6% increase from CNY 17,851,772 year-on-year[4] - The basic earnings per share (EPS) was CNY 0.36, up 2.9% from CNY 0.35 in the same period last year[5] - The total revenue for Q1 2025 was RMB 555,342,204, a slight increase from RMB 549,319,265 in Q1 2024, reflecting a year-over-year growth of approximately 1.86%[27] - The net profit for Q1 2025 was RMB 17,956,203, slightly up from RMB 17,851,772 in Q1 2024, representing a growth of approximately 0.58%[27] Assets and Liabilities - The total assets at the end of the quarter were CNY 3,261,604,789, marking a 2.3% increase from CNY 3,189,262,063 at the end of the previous year[5] - The total liabilities of the company as of March 31, 2025, were RMB 2,467,932,939, an increase from RMB 2,417,801,587 as of December 31, 2024[24] - As of March 31, 2025, the company's total assets amounted to RMB 3,261,604,789, an increase from RMB 3,189,262,063 as of December 31, 2024[24] - The company's total equity as of March 31, 2025, was 152,736,562 thousand RMB, a slight decrease from 152,910,331 thousand RMB at the end of 2024[36] Cash Flow - The company reported a net cash flow from operating activities of -CNY 95,852,099, showing an improvement compared to -CNY 96,595,019 in the same period last year[4] - The company reported a net cash outflow from operating activities of CNY -1,558,964 thousand in Q1 2025, an improvement from CNY -2,699,024 thousand in Q1 2024[42] - The company’s net cash flow from investing activities was -2,965,493 thousand RMB in Q1 2025, an improvement from -6,845,024 thousand RMB in Q1 2024[32] - Cash flow from financing activities generated a net inflow of 50,039,316 thousand RMB in Q1 2025, down from 90,326,240 thousand RMB in Q1 2024[33] Contracts and Revenue Segments - The total new contracts signed amounted to 1,270.2 billion RMB, reflecting a year-on-year growth of 6.9%[13] - The company's construction business signed new contracts worth 1,203.7 billion RMB, up 8.4% year-on-year[13] - The infrastructure segment saw new contracts of 420.6 billion RMB, a significant increase of 40.0% year-on-year[19] - The overseas business signed new contracts totaling 67.4 billion RMB, representing a year-on-year growth of 150%[20] - The revenue from emerging businesses reached 45.3 billion RMB, growing by 34.2% year-on-year, accounting for 8.2% of total revenue[21] - The company’s real estate contract sales amounted to 66.5 billion RMB, down 14.5% year-on-year[15] Shareholder and Equity Information - The equity attributable to shareholders of the listed company increased by 3.3% to CNY 477,252,195 from CNY 462,184,659 at the end of the previous year[5] - The controlling shareholder, China State Construction Group, plans to increase its stake in the company by investing between RMB 600 million and RMB 1.2 billion over the next 12 months, with a total of 109,900,588 shares acquired as of April 8, 2025, representing approximately 0.27% of the total share capital[22] Research and Development - Research and development expenses for Q1 2025 were RMB 5,878,860, a decrease from RMB 6,336,204 in Q1 2024, reflecting a reduction of approximately 7.24%[27] - Research and development expenses decreased to CNY 1,350 thousand in Q1 2025 from CNY 8,571 thousand in Q1 2024, a decline of 84.2%[38] Inventory and Other Financial Metrics - The company’s inventory increased to 935,821 thousand RMB as of March 31, 2025, compared to 814,156 thousand RMB at the end of 2024, indicating a rise in stock levels[35] - The company incurred financial expenses of CNY 330,266 thousand in Q1 2025, slightly down from CNY 341,990 thousand in Q1 2024[38] - The company reported a credit impairment loss of CNY 7,035 thousand in Q1 2025, contrasting with a gain of CNY 9,794 thousand in Q1 2024[38]