ycec(600248)2024-04-29 10:25Shareholder and Equity Changes - The controlling shareholder, Shaanxi Construction Holding Group Co., Ltd., plans to increase its stake in the company by investing a total of RMB 100 million over the next 12 months, having already acquired 24,839,700 A-shares, representing approximately 0.66% of the total share capital[1]. - The company's total equity as of March 31, 2024, was RMB 38.28 billion, an increase from RMB 37.49 billion at the end of 2023, reflecting a growth of approximately 2.1%[9]. - The company reported a total shareholder equity of RMB 25.91 billion as of March 31, 2024, compared to RMB 25.17 billion at the end of 2023, reflecting an increase of approximately 2.9%[9]. - The equity attributable to shareholders of the listed company increased to RMB 25,908,649,267.86, marking a growth of 2.95% compared to the previous year[30]. Financial Performance - The total revenue for the first quarter of 2024 was RMB 27.77 billion, a decrease of approximately 21.9% compared to RMB 35.53 billion in the same period of 2023[10]. - The total operating costs for the first quarter of 2024 were RMB 26.96 billion, down from RMB 34.23 billion in the first quarter of 2023, representing a decline of about 21.2%[10]. - Net profit attributable to shareholders decreased by 32.44% to CNY 630,631,758.69 compared to the previous period[17]. - Basic earnings per share fell by 32.58% to CNY 0.1465[16]. - Total profit decreased by 35.00% to CNY 750,249,067.10[16]. - Operating profit decreased by 36.67% to CNY 722,497,271.96[16]. - The company reported a total comprehensive income of CNY 622,513,048.81, down from CNY 975,329,847.00[16]. - The net profit attributable to shareholders of the listed company was RMB 552,227,850.92, down 32.44% year-on-year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 525,056,196.90, a decline of 34.46% compared to the previous year[29]. - The basic earnings per share for the period was RMB 0.1465, reflecting a decrease of 33.88% year-on-year[29]. Assets and Liabilities - As of March 31, 2024, the company's total current assets amounted to RMB 291.21 billion, a decrease from RMB 303.74 billion as of December 31, 2023, reflecting a decline of approximately 4.1%[5]. - The company's total liabilities as of March 31, 2024, were RMB 295.62 billion, down from RMB 309.20 billion at the end of 2023, indicating a reduction of about 4.4%[9]. - The total assets at the end of the reporting period were RMB 333,908,532,803.06, down 3.69% from the end of the previous year[30]. - Total assets increased from ¥333.91 billion to ¥346.70 billion, representing a growth of approximately 3.5%[40]. - Total liabilities increased from ¥268.99 billion to ¥283.43 billion, marking an increase of about 5.4%[40]. Cash Flow and Expenses - The company's cash and cash equivalents decreased to RMB 23.38 billion as of March 31, 2024, from RMB 31.21 billion as of December 31, 2023, a decline of about 25.1%[5]. - The net cash flow from operating activities was negative at RMB -8,715,052,016.59, indicating a significant cash outflow[29]. - Cash flow from operating activities for Q1 2024 was ¥37.70 billion, up from ¥35.92 billion in Q1 2023, indicating a year-over-year increase of about 5%[45]. - Net cash flow from operating activities decreased to -¥8.72 billion in Q1 2024 from -¥3.99 billion in Q1 2023, reflecting a decline in operational efficiency[49]. - The company reported a significant increase in cash paid for purchasing goods and services, rising to ¥42.08 billion in Q1 2024 from ¥35.78 billion in Q1 2023, a rise of approximately 17.5%[45]. - Financial expenses rose by 30.19% to CNY 480,050,490.29[16]. - Cash flow from financing activities showed a net increase of ¥1.90 billion in Q1 2024, compared to ¥1.27 billion in Q1 2023, indicating improved financing conditions[49]. - The company’s investment activities resulted in a net cash outflow of -¥389.38 million in Q1 2024, an improvement from -¥684.73 million in Q1 2023[49]. Research and Development - Research and development expenses increased significantly by 121.24% to CNY 400,924,671.17[16]. Other Financial Metrics - The weighted average return on net assets was 2.47%, a decrease of 1.86 percentage points compared to the previous year[29]. - The company confirmed that there were no significant changes in the top 10 shareholders due to the transfer and return of shares in the margin trading business[24]. - The company reported non-recurring gains and losses totaling RMB 27,171,654.02 for the period[30]. - Other comprehensive income attributable to shareholders decreased to CNY -8,118,681.35 from CNY -6,519,821.60[16].