CRCC(601186)2025-04-29 14:58Financial Performance - The operating revenue for Q1 2025 was CNY 256,762,012, a decrease of 6.61% compared to CNY 274,948,792 in the same period last year[5]. - The net profit attributable to shareholders was CNY 5,150,787, down 14.51% from CNY 6,025,004 year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4,975,412, a decrease of 13.87% compared to CNY 5,776,606 in the previous year[5]. - The basic and diluted earnings per share were both CNY 0.34, reflecting a decline of 14.79% from CNY 0.399 in the same quarter last year[5]. - The weighted average return on equity decreased by 0.42 percentage points to 1.72% from 2.14% year-on-year[5]. - Total operating revenue for Q1 2025 was CNY 256,762,012, a decrease of 6.6% compared to CNY 274,948,792 in Q1 2024[22]. - Net profit for Q1 2025 was CNY 6,101,010, a decline of 13.9% from CNY 7,092,243 in Q1 2024[23]. - Earnings per share for Q1 2025 was CNY 0.34, compared to CNY 0.399 in Q1 2024[24]. - The total comprehensive income for the first quarter of 2025 was CNY 409,780,000, down from CNY 456,106,000 in the first quarter of 2024, indicating a decrease of about 10.1%[34]. - The net profit for the first quarter of 2025 was CNY 429,505,000, a decrease from CNY 439,277,000 in the same period of 2024, representing a decline of approximately 1.8%[34]. Assets and Equity - Total assets at the end of the reporting period were CNY 1,907,756,542, an increase of 2.41% from CNY 1,862,842,522 at the end of the previous year[5]. - Shareholders' equity attributable to the parent company increased by 1.97% to CNY 334,710,737 from CNY 328,251,080 at the end of the last year[5]. - The total assets as of March 31, 2025, were CNY 1,907.7565 billion, compared to CNY 1,862.8425 billion at the end of 2024[19]. - Total equity attributable to shareholders was CNY 334,710,737, up from CNY 328,251,080 in the previous year[22]. - The total equity increased to CNY 184,510,845 from CNY 182,884,623[31]. Cash Flow - The net cash flow from operating activities was CNY -38,946,530, an improvement from CNY -46,593,910 in the same period last year[5]. - Cash inflow from operating activities in Q1 2025 was CNY 278,047,473, down from CNY 291,632,380 in Q1 2024[26]. - The net cash flow from operating activities for the first quarter of 2025 was CNY 404,850,000, compared to a negative cash flow of CNY -1,066,939,000 in the first quarter of 2024, showing a significant improvement[36]. - Cash and cash equivalents at the end of the first quarter of 2025 totaled CNY 24,498,773,000, an increase from CNY 19,570,591,000 at the end of the first quarter of 2024, reflecting a growth of approximately 25.2%[38]. - The cash flow from financing activities in the first quarter of 2025 was CNY 2,428,485,000, compared to a negative cash flow of CNY -167,423,000 in the same period of 2024, indicating a positive turnaround[36]. - The cash inflow from operating activities in the first quarter of 2025 was CNY 8,180,998,000, an increase from CNY 7,914,031,000 in the first quarter of 2024, representing a growth of about 3.4%[36]. - The cash outflow for operating activities in the first quarter of 2025 was CNY 7,776,148,000, down from CNY 8,980,970,000 in the first quarter of 2024, indicating a reduction of approximately 13.4%[36]. Contracts and Business Segments - In Q1 2025, the total new contracts signed by the group amounted to CNY 492.8453 billion, a year-on-year decrease of 10.50%[12]. - Domestic business new contracts totaled CNY 448.6816 billion, accounting for 91.04% of the total, with a year-on-year decline of 13.17%[12]. - Overseas business new contracts reached CNY 44.1637 billion, representing 8.96% of the total, with a year-on-year increase of 30.10%[12]. - The total uncompleted contracts as of March 31, 2025, stood at CNY 7,861.2965 billion, with domestic uncompleted contracts at CNY 6,375.1073 billion (81.09%) and overseas at CNY 1,486.1892 billion (18.91%)[12]. - The engineering contracting sector saw new contracts of CNY 3,710.135 billion, down 18.72% year-on-year[13]. - The green environmental protection sector experienced a significant increase, with new contracts of CNY 490.055 billion, up 77.05% year-on-year[13]. - The industrial manufacturing sector reported new contracts of CNY 78.209 billion, reflecting a year-on-year increase of 13.47%[14]. - The total new contracts in infrastructure projects, including engineering contracting and green environmental protection, amounted to CNY 4,200.190 billion, a decrease of 13.25% year-on-year[14]. - The railway engineering sector saw a substantial increase in new contracts of CNY 496.224 billion, up 66.25% year-on-year due to increased market demand[15]. Expenses - Research and development expenses for Q1 2025 were CNY 2,940,249, an increase from CNY 2,819,012 in Q1 2024[22]. - The company reported a decrease in sales expenses to CNY 1,293,911 from CNY 1,535,662 in the previous year[22]. - The company's R&D expenses for Q1 2025 were CNY 15, significantly lower than CNY 3,992 in Q1 2024[33]. - The company’s financial expenses for Q1 2025 were CNY -472,907, an improvement from CNY -543,949 in the previous year[33].