Summary by Moomoo AI
CHINA FOREIGN TRANSPORT (SINOTRANS) RELEASED ITS UNAUDITED FINANCIAL REPORT FOR THE FIRST QUARTER OF 2024 ON 29 APRIL 2024. The report showed that the company's operating income grew 8.09% year-on-year to RMB24,286,629,941.58; however, net profit attributable to shareholders of listed companies decreased 16.05% to RMB802,732,725.54. Basic earnings per share and diluted earnings per share both decreased by 15.57%, with a 0.6 percentage point decrease in the weighted average return on net assets. The net cash flow generated by operating activities is RMB -2,710,335,331.56, showing the net cash outflow. The company's total assets and shareholders' equity belonging to the listed company's shareholders grew by 4.83% and 2.30%, respectively. In addition, during the reporting period, the company received a total government subsidy of RMB 47,762.63 million, mainly for financial subsidies related to the logistics business. The Board of Directors guarantees that the content of the report is true, accurate, complete and free of false statements or misleading statements.