SRBC(600039)2024-04-29 11:27Financial Performance - The company's operating revenue for Q1 2024 was ¥22,106,017,697.22, representing a decrease of 28.44% compared to the same period last year[4] - The net profit attributable to shareholders was ¥1,756,748,353.24, down 35.73% year-on-year[4] - The basic earnings per share (EPS) was ¥0.20, reflecting a decline of 35.48% compared to the previous year[5] - Total operating revenue for Q1 2024 was ¥22,106,017,697.22, a decrease of 28.5% compared to ¥30,893,467,811.60 in Q1 2023[20] - The total comprehensive income attributable to the parent company for Q1 2024 was approximately ¥1,809 million, down 32.7% from ¥2,693 million in Q1 2023[22] - The company reported a decrease in operating profit to approximately ¥2,149 million in Q1 2024, down 34.3% from ¥3,271 million in Q1 2023[21] - The company reported a decrease in net profit from CNY 4.82 billion in Q1 2023 to CNY 4.76 billion in Q1 2024, a decline of about 1.2%[29] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥2,978,280,300.42, indicating significant cash outflow[4] - Cash flow from operating activities showed a net outflow of approximately ¥2,978 million in Q1 2024, an improvement from a net outflow of ¥8,253 million in Q1 2023[24] - Cash and cash equivalents at the end of Q1 2024 totaled approximately ¥20,926 million, down from ¥21,309 million at the end of Q1 2023[25] - The net cash flow from operating activities for Q1 2024 was -2,316,590.08 RMB, an improvement from -64,155,536.27 RMB in Q1 2023[32] - The net cash flow from financing activities for Q1 2024 was 947,869,419.09 RMB, compared to 285,714,892.94 RMB in Q1 2023, indicating a strong financing position[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥237,190,005,249.25, a decrease of 1.55% from the end of the previous year[5] - The company's total current assets amounted to approximately CNY 141.51 billion, a decrease from CNY 146.09 billion as of December 31, 2023, representing a decline of about 3.6%[16] - The company's contract assets were valued at CNY 67.49 billion, down from CNY 74.57 billion, representing a decrease of approximately 9.5%[16] - Total liabilities decreased to ¥184,592,975,525.76 in Q1 2024 from ¥190,164,648,942.78 in Q1 2023, a reduction of 3%[18] - Non-current liabilities increased to ¥71,042,938,505.74 in Q1 2024 from ¥65,861,662,971.18 in Q1 2023, reflecting a growth of 18.5%[18] Shareholder Information - The company reported a total of 4,548,652,069 shares held by Sichuan Railway Industry Investment Group, making it the largest shareholder[12] - The total number of shares held by the top ten unrestricted shareholders was 5,000,000,000 shares, indicating a concentration of ownership[12] - The company’s controlling shareholder, Shudao Group, plans to increase its stake by purchasing shares worth no less than CNY 200 million and no more than CNY 400 million within 12 months[13] Operational Challenges - The company faced delays in new project commencements due to land approval and demolition progress, leading to a decrease in ongoing project scale compared to last year[8] - The mining and new materials segment, as well as the clean energy segment, experienced a year-on-year decline in performance contributions due to market impacts[9] - The company actively managed and reduced the scale of trade business as part of its overall business strategy[9] Cost Management - Total operating costs for Q1 2024 were ¥20,095,138,562.85, down 27.4% from ¥27,673,705,009.62 in Q1 2023[20] - R&D expenses decreased significantly to ¥279,816,733.07 in Q1 2024 from ¥700,847,590.52 in Q1 2023, a reduction of 60%[20] - The company paid 48,511,621.29 RMB in dividends and interest in Q1 2024, a decrease from 236,156,569.18 RMB in Q1 2023[32]