CNRE(SH:600111)2016-04-22 16:00Financial Performance - Operating revenue for the period was CNY 794,049,300.45, representing a decline of 53.07% year-on-year [6]. - Net profit attributable to shareholders was CNY 6,655,967.58, down 91.22% from the previous year [6]. - Basic and diluted earnings per share were both CNY 0.002, a decrease of 91.22% year-on-year [6]. - Total operating revenue for Q1 2016 was CNY 794,049,300.45, a decrease of 53.1% compared to CNY 1,691,829,284.44 in the same period last year [20]. - Net profit for Q1 2016 was CNY -11,302,088.41, compared to a net profit of CNY 142,943,340.68 in Q1 2015, representing a significant decline [20]. - The company recorded an operating profit of CNY -15,618,946.58, a decline from CNY 189,111,852.09 in the previous year, highlighting operational challenges [20]. Cash Flow - The net cash flow from operating activities was CNY 105,903,962.50, a decrease of 86.23% compared to the same period last year [6]. - Cash flow from operating activities for Q1 2016 was CNY 105,903,962.50, a decrease of 86.2% compared to CNY 769,370,981.63 in the previous year [25]. - The company’s total cash inflow from operating activities was 240,140,254.64 RMB, down from 361,032,108.19 RMB in Q1 2015, reflecting a decline in sales revenue [28]. - Cash received from sales of goods and services was 121,464,502.35 RMB, significantly lower than 239,163,628.46 RMB in the previous year, indicating a drop in sales performance [28]. - The company incurred total cash outflows from operating activities of 290,397,883.20 RMB, compared to 407,893,826.55 RMB in Q1 2015, showing a decrease in operational costs [28]. - Operating cash flow for Q1 2016 was negative at -50,257,628.56 RMB, compared to -46,861,718.36 RMB in the same period last year, indicating a decline in operational efficiency [28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,398,879,479.83, a decrease of 0.95% compared to the end of the previous year [6]. - Current liabilities totaled ¥4,261,214,003.29, down from ¥4,389,577,714.85 at the beginning of the year, indicating a reduction in short-term financial obligations [15]. - The company's total liabilities decreased to CNY 2,524,289,259.91 from CNY 2,612,780,598.30, a reduction of 3.4% [20]. - The company's total equity amounted to ¥9,892,873,188.05, a minor decrease from ¥9,906,268,643.63 at the beginning of the year [15]. - The total equity increased to CNY 9,111,644,899.10 from CNY 9,058,294,934.86, reflecting a growth of 0.6% [20]. Operating Costs and Expenses - Operating costs decreased by 52.50% to CNY 589,158,975.89, reflecting reduced product sales [11]. - Total operating costs for Q1 2016 were CNY 809,308,820.49, down 46.1% from CNY 1,502,201,240.34 year-on-year [20]. - The company reported a significant decrease in sales expenses, which were CNY 14,488,714.81, down 25.5% from CNY 19,478,066.00 year-on-year [20]. - The company’s management expenses were CNY 174,912,124.40, slightly down from CNY 178,704,959.91, indicating a focus on cost control [20]. Government Support and Financial Adjustments - The company received government subsidies amounting to CNY 16,791,670.64, which were closely related to its normal business operations [7]. - The company's financial expenses decreased by 52.29% year-on-year, amounting to ¥25,366,600.61, due to a reduction in loan scale and interest expenses [12]. - Asset impairment losses decreased by 65.97% year-on-year, totaling ¥492,699.59, indicating a reduction in impairment provisions [12]. Investment Activities - Investment activities generated a net cash outflow of ¥44,345,678.01, which is a 62.64% increase in expenditure compared to the previous year, primarily due to increased spending on environmental projects [12]. - The company reported a net cash outflow from investing activities of -1,289,947.95 RMB, compared to -2,823,827.00 RMB in Q1 2015, showing a reduction in investment expenditures [28].