Important Content Reminder:
- The board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, with no false records, misleading statements, or significant omissions, and bear individual and joint legal responsibilities.
- The person in charge of the company, the head of accounting, and the accounting institution declare that the financial information in the quarterly report is true, accurate, and complete.
- Is the financial accounting report for the first quarter audited? □ Yes ☑ No
I. Main Financial Data
(1) Key Accounting Data and Financial Indicators
Does the company need to restate or adjust previous years' accounting data? □ Yes ☑ No
| Item | Current Period | Same Period Last Year | Change (%) |
|---|
| Operating Revenue (CNY) | 1,061,784,386.20 | 1,192,621,946.44 | -10.97% |
| Net Profit Attributable to Shareholders (CNY) | 68,195,986.77 | 78,243,568.74 | -12.84% |
| Net Profit Attributable to Shareholders Excluding Non-Recurring Gains and Losses (CNY) | 65,577,556.98 | 72,641,546.53 | -9.72% |
| Net Cash Flow from Operating Activities (CNY) | 184,020,808.68 | 128,858,854.75 | 42.81% |
| Basic Earnings per Share (CNY/share) | 0.0705 | 0.0714 | -1.26% |
| Diluted Earnings per Share (CNY/share) | 0.0705 | 0.0714 | -1.26% |
| Weighted Average Return on Equity | 1.11% | 1.28% | -0.17% |
| Item | End of Current Period | End of Last Year | Change (%) |
|---|
| Total Assets (CNY) | 20,947,843,358.67 | 20,535,379,554.41 | 2.01% |
| Total Equity Attributable to Shareholders (CNY) | 6,776,955,414.38 | 6,363,727,974.61 | 6.49% |
(2) Non-Recurring Gains and Losses Items and Amounts
☑ Applicable □ Not Applicable
| Item | Amount for Current Period (CNY) | Description |
|---|
| Gains and Losses from Disposal of Non-Current Assets (including reversal of impairment provisions) | 4,018,932.50 | - |
| Government Subsidies Recognized in Current Profit and Loss (excluding those closely related to normal business operations) | 2,545,919.27 | - |
| Fair Value Changes of Financial Assets and Liabilities Held by Non-Financial Enterprises | 3,333,049.29 | - |
| Reversal of Impairment Provisions for Receivables | 82,896.39 | - |
| Other Operating Income and Expenses | 389,230.39 | - |
| Less: Income Tax Impact | 1,172,990.84 | - |
| Minority Interests Impact (after tax) | 6,578,607.21 | - |
| Total | 2,618,429.79 | - |
(3) Significant Changes and Reasons for Key Accounting Data and Financial Indicators
☑ Applicable □ Not Applicable
- Significant Changes in Balance Sheet Items and Reasons:
| Item | End Balance | Beginning Balance | Change Amount | Change Rate | Reason |
|---|
| Cash and Cash Equivalents | 1,635,350,771.84 | 2,661,874,479.18 | -1,026,523,707.34 | -38.56% | Mainly due to subsidiary Xiugang Co. using idle funds to purchase structured deposits for cash management. |
| Trading Financial Assets | 929,175,370.22 | 5,862,874.80 | 923,312,495.42 | 15748.46% | Mainly due to subsidiary Xiugang Co. purchasing structured deposits for cash management. |
| Prepayments | 32,260,653.72 | 20,886,464.08 | 11,374,189.64 | 54.46% | Mainly due to increased prepayments for goods and services by subsidiaries. |
| Right-of-Use Assets | 95,671,149.24 | 67,888,427.53 | 27,782,721.71 | 40.92% | Mainly due to new tugboat leases by the tugboat company. |
| Payables to Employees | 77,768,133.00 | 126,430,284.73 | -48,662,151.73 | -38.49% | Mainly due to payment of year-end bonuses and employee performance awards during the reporting period. |
| Other Comprehensive Income | 965,109,193.04 | 624,325,048.52 | 340,784,144.52 | 54.58% | Mainly due to a significant increase in the stock price of international composite materials held by subsidiaries during the reporting period. |