武汉控股(600168) - 2017 Q1 - 季度财报

Important Notice Unaudited Report and Responsibility Statement The company's management affirms the report's accuracy and completeness, noting it is unaudited and they bear legal responsibility - The Board of Directors, Supervisory Committee, directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report's contents, bear individual and joint legal liability, and confirm there are no false records, misleading statements, or major omissions[9] - The company's first-quarter report is unaudited[5] - Company head Zhou Qiang, chief accountant Zhou Qiang, and head of the accounting department Sun Li guarantee the truthfulness, accuracy, and completeness of the financial statements in the quarterly report[9] Company Profile Key Financial Data Total assets slightly increased while net assets attributable to shareholders slightly decreased, with operating cash flow growing significantly despite a decline in net profit Overview of Key Financial Data (Unit: RMB Yuan) | Indicator | Current Period End / Year-to-Date | Prior Year End / Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | Balance Sheet Data | | | | | Total Assets | 8,646,889,792.84 | 8,621,738,217.50 | 0.29 | | Net Assets Attributable to Shareholders | 4,547,855,377.47 | 4,574,466,522.53 | -0.58 | | Income Statement Data | | | | | Operating Revenue | 273,833,433.93 | 264,818,088.17 | 3.40 | | Net Profit Attributable to Shareholders | 64,213,775.52 | 77,451,161.21 | -17.09 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 57,181,606.25 | 70,318,926.21 | -18.68 | | Weighted Average Return on Equity (%) | 1.39 | 1.75 | Decreased by 0.36 percentage points | | Basic Earnings Per Share (RMB Yuan/Share) | 0.09 | 0.11 | -18.18 | | Diluted Earnings Per Share (RMB Yuan/Share) | 0.09 | 0.11 | -18.18 | | Cash Flow Statement Data | | | | | Net Cash Flow from Operating Activities | 34,227,599.84 | 18,569,833.04 | 84.32 | Non-recurring Profit and Loss Items and Amounts (Unit: RMB Yuan) | Item | Current Period Amount | | :--- | :--- | | Gain/Loss on Disposal of Non-current Assets | -10,440.98 | | Government Grants Included in Current Profit/Loss | 7,040,000.00 | | Income Tax Impact | 2,610.25 | | Total | 7,032,169.27 | Shareholder Structure and Top Shareholders The company had 43,805 shareholders, with Wuhan Water Group Co, Ltd as the largest shareholder holding 55.18% of shares, which are not pledged or frozen - As of the end of the reporting period, the total number of shareholders was 43,805[12] Top Ten Shareholders (Unit: Shares) | Shareholder Name (Full) | Shares Held at Period End | Shareholding Ratio (%) | Shareholder Type | | :--- | :--- | :--- | :--- | | Wuhan Water Group Co, Ltd | 391,536,000 | 55.18 | State-owned legal person | | Beijing OriginWater Technology Co, Ltd | 35,731,092 | 5.04 | Domestic non-state-owned legal person | | Shanghai Pudong Development Bank Co, Ltd - ICBC Credit Suisse Ecological Environment Industry Equity Securities Investment Fund | 14,007,430 | 1.97 | Other | | National Social Security Fund Portfolio 413 | 6,999,933 | 0.99 | Other | | Liu Yanhui | 3,584,800 | 0.51 | Domestic natural person | | Datong Securities Co, Ltd | 3,051,226 | 0.43 | Domestic non-state-owned legal person | | Haitong Futures Co, Ltd - Haitong Xuanwu Ruixiang - Anfu Phase 1 Asset Management Plan | 2,550,749 | 0.36 | Other | | Harvest Yuanfeng Stable Equity Pension Product - China Construction Bank Corporation | 2,099,687 | 0.30 | Other | | China Construction Bank - ICBC Credit Suisse Select Balanced Mixed Securities Investment Fund | 1,500,000 | 0.21 | Other | | China CITIC Bank Corporation Limited - CCB Environmental Protection Industry Equity Securities Investment Fund | 1,061,300 | 0.15 | Other | - The company is unaware of any related-party relationships or concerted actions among the above-mentioned holders of unrestricted circulating shares as defined in the 'Measures for the Administration of the Acquisition of Listed Companies'[13] Preferred Shareholder Information The company had no preferred shareholders as of the end of the reporting period - The company has no preferred shareholders[13] Significant Events Significant Changes in Financial Statement Items and Indicators Significant fluctuations occurred in financial items, driven by changes in prepayments, dividend policies, and capital expenditures Significant Changes in Key Financial Statement Items and Indicators (Unit: RMB Yuan) | Item | Period-end Balance / Current Period Amount | Year-start Balance / Prior Year Period Amount | Change | | :--- | :--- | :--- | :--- | | Notes Receivable | 30,000,000.00 | 45,000,000.00 | -33.33% | | Other Receivables | 42,085,286.08 | 22,743,679.30 | 85.04% | | Long-term Deferred Expenses | 0 | 75,272.12 | -100.00% | | Other Non-current Assets | 13,204,124.55 | 27,200.00 | 48,444.58% | | Notes Payable | 922,519.73 | 0 | 100.00% | | Advances from Customers | 29,606.64 | 64,494.24 | -54.09% | | Taxes Payable | 73,009,722.76 | 45,732,139.20 | 59.65% | | Dividends Payable | 90,824,920.58 | 0 | 100.00% | | Financial Expenses | 12,220,312.31 | 9,300,452.13 | 31.39% | | Asset Impairment Loss | 8,034,257.22 | 1,713,807.53 | 368.80% | | Non-operating Expenses | 10,440.98 | 0 | 100.00% | | Minority Interest Income | -1,136,233.88 | -443,233.22 | -156.35% | | Net Cash Flow from Operating Activities | 34,227,599.84 | 18,569,833.04 | 84.32% | | Net Cash Flow from Investing Activities | -182,063,217.61 | -91,425,037.97 | -99.14% | | Net Cash Flow from Financing Activities | 95,944,336.11 | -6,747,919.54 | 1521.84% | - Other non-current assets increased by 48,444.58% from the beginning of the year, mainly due to an increase in engineering prepayments[15] - Net cash flow from financing activities increased by 1521.84% year-over-year, primarily due to an increase in cash received from borrowings[15] Progress of Significant Events The company terminated a major asset restructuring due to failed negotiations on profitability mechanisms, and the Chairman resigned, with the General Manager taking over duties - The company terminated a major asset restructuring because the target company's profitability could not meet listing requirements after Wuhan Water Group failed to reach an agreement with government authorities on water supply concessions and profit mechanisms[16] - The company's stock was suspended from March 31, 2017, resumed trading on April 12, 2017, and an investor briefing was held during this period[16] - Chairman Wang Xianbing resigned due to a work change, with Director and General Manager Zhou Qiang assuming the chairman's duties in an acting capacity[17] Overdue Unfulfilled Commitments The company had no overdue unfulfilled commitments during the reporting period - The company had no overdue unfulfilled commitments during the reporting period[17] Profit Warning for the Next Reporting Period The company has not issued a profit warning regarding potential losses or significant changes for the upcoming period - The company has not issued a profit warning for the cumulative net profit from the beginning of the year to the end of the next reporting period[17] Appendix Financial Statements This appendix contains the consolidated and parent company financial statements for Q1 2017, detailing financial position, performance, and cash flows Consolidated Balance Sheet As of March 31, 2017, consolidated total assets were RMB 8.65 billion, with total liabilities of RMB 3.90 billion and total equity of RMB 4.75 billion Key Data from Consolidated Balance Sheet (Unit: RMB Yuan) | Item | Period-end Balance | Year-start Balance | | :--- | :--- | :--- | | Total Assets | 8,646,889,792.84 | 8,621,738,217.50 | | Total Current Assets | 1,903,352,169.80 | 1,846,434,275.44 | | Total Non-current Assets | 6,743,537,623.04 | 6,775,303,942.06 | | Total Liabilities | 3,896,309,272.42 | 3,843,410,318.14 | | Total Current Liabilities | 1,762,109,735.69 | 1,755,789,689.32 | | Total Non-current Liabilities | 2,134,199,536.73 | 2,087,620,628.82 | | Total Equity Attributable to Parent Company | 4,547,855,377.47 | 4,574,466,522.53 | | Minority Interest | 202,725,142.95 | 203,861,376.83 | | Total Equity | 4,750,580,520.42 | 4,778,327,899.36 | Parent Company Balance Sheet As of March 31, 2017, the parent company's total assets were RMB 5.21 billion, with total liabilities of RMB 1.20 billion and total equity of RMB 4.02 billion Key Data from Parent Company Balance Sheet (Unit: RMB Yuan) | Item | Period-end Balance | Year-start Balance | | :--- | :--- | :--- | | Total Assets | 5,214,060,672.38 | 5,201,390,470.99 | | Total Current Assets | 866,573,699.30 | 875,607,712.53 | | Total Non-current Assets | 4,347,486,973.08 | 4,325,782,758.46 | | Total Liabilities | 1,198,683,835.45 | 1,100,070,935.18 | | Total Current Liabilities | 198,310,023.82 | 99,982,448.35 | | Total Non-current Liabilities | 1,000,373,811.63 | 1,000,088,486.83 | | Total Equity | 4,015,376,836.93 | 4,101,319,535.81 | Consolidated Income Statement For Q1 2017, consolidated revenue was RMB 274 million, a 3.40% increase YoY, while net profit attributable to the parent company decreased by 17.09% to RMB 64.21 million Key Data from Consolidated Income Statement (Unit: RMB Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Total Operating Revenue | 273,833,433.93 | 264,818,088.17 | | Total Operating Costs | 240,372,030.03 | 226,675,637.17 | | Operating Profit | 33,461,403.90 | 38,142,451.00 | | Total Profit | 83,116,738.67 | 101,194,635.86 | | Net Profit | 63,077,541.64 | 77,007,927.99 | | Net Profit Attributable to Parent Company Owners | 64,213,775.52 | 77,451,161.21 | | Minority Interest Income | -1,136,233.88 | -443,233.22 | | Basic Earnings Per Share (RMB Yuan/Share) | 0.09 | 0.11 | | Diluted Earnings Per Share (RMB Yuan/Share) | 0.09 | 0.11 | Parent Company Income Statement For Q1 2017, the parent company's revenue was RMB 49.21 million, a 6.48% decrease YoY, and net profit fell by 68.28% to RMB 4.88 million Key Data from Parent Company Income Statement (Unit: RMB Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Operating Revenue | 49,209,564.95 | 52,616,382.30 | | Operating Profit | -2,215,284.34 | 11,136,209.48 | | Total Profit | 4,815,827.04 | 18,176,209.48 | | Net Profit | 4,882,221.70 | 15,391,916.05 | Consolidated Cash Flow Statement In Q1 2017, net cash flow from operating activities increased by 84.32% YoY to RMB 34.23 million, while investing cash flow was negative RMB 182.06 million Key Data from Consolidated Cash Flow Statement (Unit: RMB Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 34,227,599.84 | 18,569,833.04 | | Net Cash Flow from Investing Activities | -182,063,217.61 | -91,425,037.97 | | Net Cash Flow from Financing Activities | 95,944,336.11 | -6,747,919.54 | | Net Increase in Cash and Cash Equivalents | -51,894,207.51 | -79,605,637.90 | | Period-end Balance of Cash and Cash Equivalents | 454,113,826.53 | 524,444,957.49 | Parent Company Cash Flow Statement In Q1 2017, the parent company's net operating cash flow was RMB 15.72 million, a 13.28% increase YoY, while net investing cash flow was negative RMB 16.30 million Key Data from Parent Company Cash Flow Statement (Unit: RMB Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 15,720,161.25 | 13,877,253.40 | | Net Cash Flow from Investing Activities | -16,303,181.58 | -8,386,865.16 | | Net Increase in Cash and Cash Equivalents | -583,020.33 | 5,490,388.24 | | Period-end Balance of Cash and Cash Equivalents | 355,023,976.92 | 262,757,774.57 | Audit Report This quarterly report has not been audited - This quarterly report is unaudited[35]