CSSC-STC(SH:600072)2016-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -21,720,268.98, a significant decline from CNY 3,459,564.73 in the same period last year[5] - Operating revenue fell by 13.54% to CNY 170,506,090.70 compared to CNY 197,205,052.70 in the previous year[5] - The weighted average return on equity was -1.901%, down from 0.304% in the previous year[5] - Total operating revenue for Q1 2016 was CNY 170,506,090.70, a decrease of 13.5% compared to CNY 197,205,052.70 in the same period last year[27] - The company reported a gross profit margin of -16.3% for Q1 2016, compared to a positive margin in the previous year[28] - The net profit for Q1 2016 was -¥17,085,398.28, compared to a net profit of ¥5,762,213.21 in Q1 2015, indicating a significant decline[31] - The total comprehensive income attributable to the parent company was -¥21,720,268.98, compared to ¥3,459,564.73 in the previous year[32] Cash Flow - The net cash flow from operating activities was CNY -66,608,859.51, compared to CNY 22,897,105.86 in the same period last year, indicating a substantial decline[5] - Cash generated from operating activities decreased significantly to -¥66,608,859.51, indicating a reduction in project collections[14] - The cash flow from operating activities showed a net outflow of -¥66,608,859.51, contrasting with a net inflow of ¥22,897,105.86 in Q1 2015[35] - Total cash inflow from operating activities was 129,732,427.58 RMB, down 42.1% from 223,909,081.94 RMB year-over-year[36] - The total cash inflow from operating activities was significantly impacted by a decrease in cash received from sales, which fell to 128,459,089.36 RMB from 216,435,823.13 RMB, a decline of 40.6%[36] - The net increase in cash and cash equivalents for the period was -215,913,157.79 RMB, compared to -173,305,242.47 RMB in the prior year[37] Assets and Liabilities - Total assets decreased by 10.88% to CNY 1,953,622,543.85 compared to the end of the previous year[5] - The company reported a decrease in cash and cash equivalents by 56.50% to CNY 182,822,435.65 due to reduced short-term borrowings[13] - Total current assets decreased to ¥1,030,405,846.18 from ¥1,260,289,118.60, a decline of approximately 18.24%[19] - Total liabilities decreased to ¥657,767,769.55 from ¥869,616,348.45, a reduction of about 24.3%[20] - The company’s total assets decreased to ¥1,953,622,543.85 from ¥2,192,104,365.60, reflecting a decline of approximately 10.9%[19] - Total liabilities as of March 31, 2016, were CNY 512,977,828.44, slightly down from CNY 517,016,449.55 at the start of the year[25] Shareholder Information - The number of shareholders reached 79,552, with the largest shareholder being China Shipbuilding Industry Group Company holding 29.21%[10] Expenses - Sales expenses increased by 90.15% to CNY 1,903,215.68, reflecting the company's intensified business efforts[13] - Management expenses decreased by 34.72% to ¥15,446,043.06 compared to the previous period[14] - The company reported a cash outflow of 160,000,000.00 RMB related to other investing activities, down from 238,012,500.00 RMB in the prior year[36] Investment Activities - Cash flow from investing activities showed a net outflow of -¥2,203,234.89, a 98.92% improvement compared to the previous period[14] - The net cash flow from investing activities was -159,702,539.29 RMB, an improvement from -200,453,152.39 RMB in the previous year[37] - The investment income for Q1 2016 was ¥776,247.55, up from ¥253,283.30 in the previous year, representing a growth of 205.43%[31] Other Financial Metrics - The company incurred asset impairment losses of ¥6,951,712.76, slightly up from ¥6,540,613.91 year-over-year[31] - The basic and diluted earnings per share for Q1 2016 were both -¥0.045, compared to ¥0.007 in the previous year[31]