GDG(SH:600098)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 80.82% to CNY 32,030,271.08 compared to the same period last year[7]. - Operating revenue decreased by 11.99% to CNY 4,644,489,675.09 compared to the same period last year[7]. - Basic earnings per share decreased by 80.82% to CNY 0.0117 compared to the same period last year[7]. - Total revenue decreased by 74.34% year-on-year to CNY 82,991,096.42, with net profit down 84.67% to CNY 35,501,021.23[13]. - The net profit attributable to the parent company decreased by 80.82% to CNY 32,030,271.08, while minority shareholders' profit dropped by 94.62% to CNY 3,470,750.15[13]. - Net profit for Q1 2017 was CNY 35,501,021.23, a significant decline of 84.7% compared to CNY 231,542,036.04 in Q1 2016[27]. - Basic and diluted earnings per share for Q1 2017 were CNY 0.0117, down from CNY 0.0613 in the same quarter last year[28]. Cash Flow - Net cash flow from operating activities increased by 473.42% to CNY 391,460,902.66 compared to the same period last year[7]. - Cash flow from operating activities increased by 473.42% year-on-year to CNY 101,310,423.54, primarily due to the opening of the financial company[13]. - Cash flow from operating activities was CNY 5,393,484,942.56, slightly down from CNY 5,397,648,130.36 in Q1 2016[33]. - The net cash flow from operating activities for Q1 2017 was ¥391,460,902.66, a significant increase compared to ¥68,267,550.82 in the previous year, reflecting a growth of approximately 474%[34]. - The company reported a total cash inflow from operating activities of ¥20,499,680.91, up from ¥9,140,334.20 in the previous year, marking an increase of approximately 124%[36]. Assets and Liabilities - Total assets decreased by 1.32% to CNY 34,852,574,688.06 compared to the end of the previous year[7]. - Cash and cash equivalents decreased by 36.07% to CNY 1,300,585,201.78 compared to the end of the previous year[12]. - Total current assets decreased from ¥8,003,754,674.34 to ¥7,247,829,368.54, a decline of approximately 9.45%[18]. - Total non-current assets rose from ¥27,313,505,067.29 to ¥27,604,745,319.52, an increase of about 1.06%[19]. - Total liabilities decreased from ¥16,864,650,073.25 to ¥16,135,177,034.74, a reduction of approximately 4.33%[20]. - Total liabilities amounted to CNY 5,101,027,901.87, a decrease from CNY 6,039,825,042.41 year-over-year[24]. - Owner's equity totaled CNY 11,827,161,736.39, an increase from CNY 11,656,119,092.99 in the previous year[24]. Shareholder Information - The number of shareholders reached 112,981 at the end of the reporting period[10]. - The largest shareholder, Guangzhou State-owned Assets Development Holdings, holds 62.69% of the shares[10]. Investment Activities - Cash flow from investing activities improved by 54.83% year-on-year, reflecting the absence of significant acquisition payments compared to the previous year[14]. - The company recorded an investment loss of CNY 29,108,143.10, compared to a gain of CNY 31,616,497.23 in the previous year[27]. - The net cash flow from investment activities was ¥740,681,191.65, a significant improvement compared to -¥481,100,636.31 in the previous year, indicating a turnaround in investment performance[37]. Future Outlook - The company anticipates a significant decline in net profit attributable to the parent company in the first half of the year due to high coal prices and decreased electricity prices[15]. - The company plans to actively expand its business and enhance internal efficiency to achieve its annual budget goals[15].