Financial Performance - For the first quarter of 2023, the company achieved operating revenue of RMB 273,538,545 thousand, representing a year-on-year increase of 3.43%[3] - The net profit attributable to shareholders was RMB 5,907,923 thousand, reflecting a growth of 5.10% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 5,663,839 thousand, with a year-on-year increase of 5.20%[3] - The basic earnings per share for the quarter was RMB 0.389, which is an increase of 6.87% year-on-year[3] - Total revenue for Q1 2023 reached RMB 273.54 billion, an increase of 3.99% compared to RMB 264.48 billion in Q1 2022[23] - Operating profit for Q1 2023 was RMB 8.44 billion, up from RMB 7.62 billion in Q1 2022, reflecting a growth of 10.83%[24] - Net profit attributable to shareholders for Q1 2023 was RMB 5.91 billion, compared to RMB 5.62 billion in Q1 2022, representing an increase of 5.14%[24] - The total comprehensive income for Q1 2023 was CNY 6,666,806, an increase from CNY 6,422,997 in Q1 2022, representing a growth of approximately 3.8%[26] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.389, compared to CNY 0.364 in Q1 2022, indicating an increase of about 6.9%[27] Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,591,747,040 thousand, up 4.45% from the end of the previous year[3] - Total assets as of March 31, 2023, amounted to RMB 1.59 trillion, up from RMB 1.52 trillion at the end of 2022, indicating a growth of 4.67%[22] - Total liabilities increased to RMB 1.20 trillion as of March 31, 2023, from RMB 1.14 trillion at the end of 2022, marking a rise of 5.59%[21] - Current assets totaled RMB 1.06 trillion, an increase from RMB 1.01 trillion at the end of 2022, reflecting a growth of 5.73%[18] - The company’s total equity reached RMB 390.16 billion as of March 31, 2023, compared to RMB 386.02 billion at the end of 2022, reflecting an increase of 1.10%[22] - The company’s total equity increased to RMB 166,751,869 thousand as of March 31, 2023, from RMB 166,675,963 thousand at the end of 2022[35] - The company’s total liabilities and equity stood at RMB 204,791,873 thousand as of March 31, 2023[35] Cash Flow - The net cash flow from operating activities was negative at RMB -39,215,590 thousand, which is not applicable for year-on-year comparison[3] - Cash inflow from operating activities in Q1 2023 was CNY 291,587,304, up from CNY 270,305,646 in Q1 2022, reflecting a growth of approximately 7.9%[28] - Cash outflow from operating activities in Q1 2023 totaled CNY 330,802,894, compared to CNY 311,403,623 in Q1 2022, resulting in a net cash flow from operating activities of CNY -39,215,590, an improvement from CNY -41,097,977 in Q1 2022[29] - Net cash flow from investing activities in Q1 2023 was CNY -15,200,506, an improvement from CNY -19,200,397 in Q1 2022, indicating a reduction in cash outflow by approximately 21.1%[30] - Net cash flow from financing activities in Q1 2023 was CNY 51,136,949, compared to CNY 71,964,303 in Q1 2022, showing a decrease of about 29.1%[31] - The company reported a net increase in cash and cash equivalents of CNY -3,461,865 for Q1 2023, compared to an increase of CNY 11,511,560 in Q1 2022[31] - The company reported a net increase in cash and cash equivalents of RMB 2,512,976 thousand for Q1 2023, compared to RMB 2,274,274 thousand in Q1 2022[44] Contracts and Business Growth - The total amount of new contracts signed from the beginning of the year to the end of the reporting period is RMB 539.6336 billion, representing a year-on-year growth of 15.82%[13] - Domestic business new contracts amount to RMB 509.283 billion, accounting for 94.38% of the total new contracts, with a year-on-year increase of 17.33%[13] - The new contracts in the engineering contracting sector reached RMB 397.6947 billion, showing a significant year-on-year increase of 41.66%[14] - The green environmental protection sector saw new contracts amounting to RMB 20.2477 billion, with a remarkable year-on-year growth of 131.99%[15] - The total amount of uncompleted contracts as of March 31, 2023, is RMB 6,635.9373 billion, an increase of 4.29% compared to the end of the previous year[13] - The railway engineering sector's new contracts amounted to RMB 526.045 billion, reflecting a year-on-year increase of 23.52%[16] - The water conservancy and water transport engineering sector experienced a year-on-year increase of 144.77%, with new contracts totaling RMB 158.039 billion[17] - The airport engineering sector saw a dramatic year-on-year increase of 771.28%, with new contracts amounting to RMB 23.969 billion[17] - The company signed new contracts in the investment operation sector totaling RMB 43.4736 billion, which represents a year-on-year decrease of 60.22%[14] Management Changes - The company experienced a significant turnover in management, with Mr. Li Ning resigning from his position due to age reasons on March 27, 2023[17]
中国铁建(01186) - 2023 Q1 - 季度业绩