TGWC(SH:600116)2016-04-21 16:00Financial Performance - Operating income decreased by 7.83% to CNY 239,653,685.16 compared to the same period last year[5] - Net profit attributable to shareholders of the listed company increased by 2.00% to CNY 46,783,058.90 compared to the same period last year[5] - Basic and diluted earnings per share decreased by 4.08% to CNY 0.047[5] - Total operating revenue for Q1 2016 was ¥239,653,685.16, a decrease of 7.3% from ¥260,001,151.69 in the previous period[39] - Net profit for Q1 2016 was ¥44,706,741.51, slightly down from ¥44,777,496.43 in the previous period, representing a decrease of 0.16%[41] - The total profit for Q1 2016 was CNY 48,620,705.88, an increase of 56.6% compared to CNY 31,070,624.58 in the previous year[43] - The net profit for Q1 2016 reached CNY 41,500,248.21, up 54.3% from CNY 26,942,109.11 in the same period last year[43] Assets and Liabilities - Total assets increased by 3.43% to CNY 4,485,617,819.22 compared to the end of the previous year[5] - The company's total liabilities reached CNY 2,166,891,070.92, up from CNY 2,062,323,129.64, indicating an increase of approximately 5.1%[33] - The company's current assets totaled CNY 1,289,254,839.35, compared to CNY 1,224,632,987.00 at the start of the year, reflecting a growth of approximately 5.3%[31] - The company's non-current assets totaled CNY 3,196,362,979.87, an increase from CNY 3,112,310,044.51 at the beginning of the year, reflecting a growth of approximately 2.7%[32] Cash Flow - Net cash flow from operating activities increased by 139.99% to CNY 131,858,777.04 compared to the same period last year[5] - Cash inflow from operating activities totaled CNY 416,336,971.45, compared to CNY 399,874,246.94 in the previous year, reflecting a 4.6% increase[46] - Cash outflow from operating activities decreased to CNY 284,478,194.41 from CNY 344,931,905.39, a reduction of 17.5%[46] - Investment activities resulted in a net cash outflow of CNY 8,825,908.89, an improvement from a net outflow of CNY 110,682,430.32 in the previous year[47] - Financing activities generated a net cash outflow of CNY 36,311,186.13, compared to a net inflow of CNY 652,605,142.56 in Q1 2015[47] - The ending cash and cash equivalents balance for Q1 2016 was CNY 678,518,912.23, down from CNY 956,497,652.45 in the previous year[47] Shareholder Information - The total number of shareholders reached 47,869 at the end of the reporting period[10] - The top shareholder, Xinhua Water Conservancy Holding Group, holds 11.18% of the shares[10] - The company distributed cash dividends of 49,650,275.10, totaling 1.50 per 10 shares, and increased its total share capital to 993,005,502 shares[24] Investments and Financing - Short-term loans increased by 83.33% to 220,000,000.00, reflecting increased bank loans and financing lease receipts[14][15] - The company participated in a capital increase of Chongqing Three Gorges Bank, investing 59,404,800.00 for 1,904,000 shares, increasing its stake from 1.99% to 2.15%[25] - Investment income rose by 132.15% to 7,203,700.62, driven by gains from trading and available-for-sale financial assets[14][16] Commitments and Agreements - The company received a commitment letter from the Water Resources Department Comprehensive Development Management Center in 2009 to avoid competition with the Three Gorges Water Conservancy, which is valid until 2010[26] - The commitment includes that the center and its controlled entities will not engage in any business that constitutes substantial competition with the main business of Three Gorges Water Conservancy[27] - The center will compensate Three Gorges Water Conservancy for any actual losses caused by the failure to fulfill the commitments made in the letter[27] - The center will bear legal responsibilities for any violations of the commitments, including compensating for all losses caused to Three Gorges Water Conservancy and other shareholders[28] Miscellaneous - The company reported a significant decrease in cash from the disposal of fixed assets, down 99.72% to 271,277.00[14][16] - The company’s total guarantees amounted to 73,080.13, representing 32.28% of the latest audited net assets[19] - The first quarter report for 2016 is not subject to an audit[50]