CSSC-STC(SH:600072)2018-04-27 16:00Financial Performance - Operating revenue for the current period was ¥579,830,015.16, a decrease of 11.38% year-on-year[6] - Net profit attributable to shareholders of the listed company was ¥4,429,294.55, representing a significant increase of 128.83% compared to the same period last year[6] - Basic earnings per share rose to ¥0.015, an increase of 275.00% from ¥0.004 in the previous year[6] - The weighted average return on net assets increased to 30.2%, up by 21.4 percentage points from the previous year[6] - The company reported an increase in sales revenue to ¥915,924,649.88, up 51.47% compared to the previous period[12] - The company recorded an investment income of ¥11,439,320.16, which is a 120.27% increase from the previous year[12] - The company reported a significant increase in employee compensation payable, rising to ¥47,232,175.48 from ¥6,233,414.83, an increase of 657.73%[12] - The company reported a decrease in government subsidies received, with other operating income falling to ¥942,782.25, down 82.38% from the previous period[12] Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,976,350,764.80, an increase of 0.29% compared to the end of the previous year[6] - The total liabilities increased to ¥6,629,833,235.98 from ¥6,602,281,464.48, a rise of 0.42%[17] - The company's total assets as of March 31, 2018, amounted to CNY 3,862,848,537.02, a decrease from CNY 3,923,071,973.85 at the beginning of the year[22] - Total liabilities decreased to CNY 252,189,862.68 from CNY 315,908,086.22, reflecting a reduction of approximately 20.1%[22] - The company's equity attributable to shareholders increased to CNY 3,610,658,674.34 from CNY 3,607,163,887.63, showing a slight growth[22] Cash Flow - The company reported a net cash flow from operating activities of -¥349,663,071.71, an improvement from -¥653,521,966.32 in the previous year[6] - Cash and cash equivalents at the end of Q1 2018 were CNY 298,522,561.50, down from CNY 304,712,189.07 at the beginning of the year[20] - The net cash flow from operating activities was CNY -349,663,071.71, an improvement from CNY -653,521,966.32 in the previous year[33] - Cash and cash equivalents at the end of the period were CNY 1,191,303,652.88, down from CNY 1,500,662,606.19 at the end of the previous year[33] - The net increase in cash and cash equivalents was -$7,886,291.99, an improvement from -$204,120,863.61 last period[36] Shareholder Information - The number of shareholders at the end of the reporting period was 86,545[8] - The largest shareholder, China Shipbuilding Industry Group Co., Ltd., held 37.38% of the shares[8] Receivables and Prepayments - The increase in accounts receivable was 54.25%, attributed to an increase in bank acceptance bills received by a subsidiary[11] - Prepayments increased by 30.13%, due to higher advance payments made to subcontractors by a subsidiary[11] - The company's prepayments increased to ¥1,247,681,452.26, up 30.2% from ¥958,825,137.55[16] - Accounts receivable decreased to ¥987,253,709.96 from ¥1,182,733,730.85, representing a reduction of 16.5%[16] - Accounts receivable decreased to CNY 81,230,078.80 from CNY 126,649,539.06, indicating a reduction of approximately 35.8%[20] Operating Costs - Total operating costs for Q1 2018 were CNY 594,305,521.64, down 10.5% from CNY 664,549,472.11 year-over-year[25] - The company's operating revenue for Q1 2018 was CNY 19,285,942.53, a decrease of 70.7% compared to CNY 65,802,530.80 in the same period last year[28] - The company incurred an asset impairment loss of CNY 748,137.10, significantly lower than CNY 5,330,654.77 in the previous year[28]