Financial Performance - The company's operating revenue for Q1 2024 reached RMB 176.90 billion, representing a year-on-year increase of 0.18%[4] - Net profit attributable to shareholders was RMB 6.14 billion, reflecting a growth of 10.00% compared to the same period last year[4] - The basic earnings per share (EPS) was RMB 0.36, which is a 12.50% increase year-on-year[4] - Operating profit for the quarter was RMB 9.33 billion, showing a year-on-year growth of 10.10%[8] - Total operating revenue for Q1 2024 was RMB 176.90 billion, a slight increase from RMB 176.59 billion in Q1 2023, representing a growth of 0.18%[21] - Net profit for Q1 2024 reached RMB 7.53 billion, up from RMB 6.94 billion in Q1 2023, reflecting an increase of 8.43%[22] - Basic and diluted earnings per share for Q1 2024 were both RMB 0.36, compared to RMB 0.32 in Q1 2023, indicating a growth of 12.50%[23] - Total comprehensive income attributable to the parent company for Q1 2024 was RMB 7.60 billion, significantly higher than RMB 5.13 billion in Q1 2023, showing an increase of 48.29%[23] Contracts and New Business - New contracts signed amounted to RMB 507.30 billion, marking a 10.81% increase year-on-year[8] - The new contract amount signed by the company from January to March 2024 is RMB 507.298 billion, representing a year-on-year growth of 10.81% and achieving 25.49% of the annual target[14] - The new contracts from overseas regions amount to RMB 91.235 billion (approximately USD 12.943 billion), which is a year-on-year increase of 9.37%, accounting for 18% of the total new contracts signed[14] - The infrastructure investment project contract amount recognized based on the company's equity is RMB 26.734 billion, with an expected construction contract amount of RMB 21.503 billion[14] Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,818.36 billion, up 7.96% from the end of the previous year[5] - The total liabilities increased to RMB 1,348.34 billion, compared to RMB 1,225.14 billion at the end of 2023[20] - The company's total equity as of March 31, 2024, was CNY 142.89 billion, an increase from CNY 142.32 billion at the end of 2023, reflecting a growth of 0.4%[28] - The company's retained earnings reached RMB 187.42 billion, up from RMB 181.29 billion at the end of 2023[20] Cash Flow and Financing - The net cash flow from operating activities was a negative RMB 39.63 billion, indicating a significant outflow due to business scale growth[10] - Total cash flow from operating activities in Q1 2024 was RMB -39.63 billion, worsening from RMB -25.63 billion in Q1 2023[24] - In Q1 2024, the net cash flow from financing activities was CNY 89.55 billion, an increase of 20.2% compared to CNY 74.47 billion in Q1 2023[25] - The cash inflow from financing activities in Q1 2024 was CNY 148.92 billion, up from CNY 116.62 billion in Q1 2023, representing a growth of 27.7%[25] - The company raised RMB 40,745,387,073 through borrowings in Q1 2024, significantly higher than RMB 16,698,185,002 in Q1 2023[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 161,518, with the largest shareholder, China Communications Construction Group, holding 9,374,616,604 shares, accounting for 57.58%[11] - The top ten shareholders include HKSCC Nominees Limited with 4,378,023,252 shares, representing 26.89% of the total shares[12] - The total number of A-share ordinary shareholders is 149,547, while H-share shareholders total 11,971[12] - The company has not reported any changes in the top ten shareholders due to securities lending or borrowing reasons[13] Costs and Expenses - The company experienced a 31.37% increase in tax and surcharges, primarily due to land value-added tax payments by certain subsidiaries[9] - Financial expenses rose by 37.43%, attributed to the operational phase of certain investment projects[9] - Total operating costs for Q1 2024 were RMB 167.70 billion, slightly up from RMB 167.35 billion in Q1 2023, reflecting a growth of 0.21%[21] - Research and development expenses for Q1 2024 were RMB 4.69 billion, down from RMB 5.04 billion in Q1 2023, indicating a decrease of 6.93%[21] - The company incurred financial expenses of RMB 273,170,833 in Q1 2024, up from RMB 131,833,389 in Q1 2023, with interest expenses increasing to RMB 559,324,115[29] Revenue Segmentation - The infrastructure construction business generated RMB 4,644.26 million, a 15.75% increase from RMB 4,012.20 million year-on-year[15] - The urban construction segment saw significant growth, with revenue of RMB 2,706.00 million, up 60.18% from RMB 1,689.39 million in the previous year[15] - The overseas engineering segment reported revenue of RMB 872.83 million, a year-on-year increase of 15.38%[15]
中国交通建设(01800) - 2024 Q1 - 季度业绩