SRBC(SH:600039)2017-04-28 16:00Financial Performance - Operating revenue for the period was CNY 4,147,559,253.33, a decrease of 40.21% year-on-year[6] - Net profit attributable to shareholders was CNY 91,394,439.65, down 17.48% from the same period last year[6] - Basic earnings per share decreased by 17.44% to CNY 0.0303[6] - The decline in revenue and profit was primarily due to fewer new BOT projects and slow implementation of PPP projects[8] - Total operating revenue for Q1 2017 was CNY 4,147,559,253.33, a decrease of 40.3% compared to CNY 6,937,082,904.28 in the same period last year[32] - Net profit for Q1 2017 was CNY 102,691,424.67, a decline of 12.9% from CNY 117,920,308.41 in Q1 2016[33] - The net profit for the current period is a loss of CNY 29,186,212.95, compared to a loss of CNY 26,051,275.19 in the previous period, indicating a deterioration in profitability[36] Cash Flow - Net cash flow from operating activities dropped by 72.98% to CNY 124,510,616.11 compared to the previous year[6] - Cash flow from operating activities generated a net inflow of CNY 124,510,616.11, down 73.0% from CNY 460,751,543.12 in the previous period[38] - Cash flow from investing activities resulted in a net outflow of CNY 793,641,557.31, an improvement from a net outflow of CNY 1,116,687,881.15 in the previous period[39] - Cash flow from financing activities generated a net inflow of CNY 1,074,392,606.43, down 45.0% from CNY 1,956,846,693.03 in the previous period[39] - The total net increase in cash and cash equivalents was $51,149,120.50, bringing the ending balance to $279,645,166.12[41] Assets and Liabilities - Total assets decreased by 3.86% to CNY 61,028,455,853.01 compared to the end of the previous year[6] - The company's current liabilities totaled approximately 26.26 billion RMB, down from 31.69 billion RMB at the beginning of the year[27] - The company's non-current liabilities increased to approximately 24.08 billion RMB from 21.15 billion RMB at the beginning of the year[27] - The company's total equity attributable to shareholders was approximately 9.64 billion RMB, slightly down from 9.64 billion RMB at the beginning of the year[28] Shareholder Information - The company reported a total of 149,317 shareholders at the end of the reporting period[12] - The largest shareholder, Sichuan Railway Industry Investment Group, holds 43.94% of the shares[12] Investment Activities - Investment activity cash inflow totaled CNY 84,252,919.69, an increase of 2282.03% year-on-year, primarily due to increased investment related to BT projects[20] - The company reported a net loss from investment income of CNY -4,218,987.35, compared to a loss of CNY -2,290,283.85 in the same period last year[17] - The company recorded an investment loss of CNY 2,577,164.98, a significant decline from an investment gain of CNY 2,877,875.88 in the previous period[36] Management and Operational Costs - Total operating costs for the period were CNY 4,021,743,148.49, down 40.73% year-on-year, reflecting the decrease in construction and trade revenues[16] - Operating profit margin decreased significantly, with operating costs at CNY 3,673,004,142.85, a reduction of 41.31% year-on-year[16] - The company reported a significant increase in management expenses to CNY 8,826,256.03 from CNY 6,390,783.12 in the previous period, reflecting higher operational costs[36] Fundraising Plans - The company plans to issue up to 1,022.64 million shares at a minimum price of 3.51 RMB per share, aiming to raise a total of no more than 3.6 billion RMB for various projects and loan repayments[21] - The adjusted issuance price for the non-public offering is now set at a minimum of 3.59 RMB per share, with the number of shares increased to a maximum of 1,002.79 million shares[22] - The company has revised its fundraising plan, reducing the maximum number of shares to be issued to 643.46 million and the total fundraising amount to no more than 2.31 billion RMB[23]