SCG(SH:600170)2016-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 36.95% to CNY 496.87 million year-on-year[5] - Basic earnings per share increased by 33.33% to CNY 0.08[5] - The weighted average return on equity increased by 0.51 percentage points to 2.46%[5] - The company reported a diluted earnings per share of CNY 0.08, reflecting a 33.33% increase[5] - Net profit increased by RMB 1.38 billion compared to the same period last year, primarily due to increased gross profit from real estate development by subsidiaries[15] - The net profit for Q1 2016 was CNY 515,278,618.60, up 36.6% from CNY 377,028,539.47 in Q1 2015[27] - The operating profit for Q1 2016 increased to CNY 681,971,771.48, up 41.2% from CNY 483,151,911.15 in Q1 2015[26] - The operating profit for Q1 2016 was CNY 25,517,252.32, an increase from CNY 15,230,335.61 in the previous year[29] Revenue and Costs - Operating revenue decreased by 9.71% to CNY 27.03 billion compared to the same period last year[5] - Total operating revenue for Q1 2016 was CNY 27,025,752,031.08, a decrease of 9.7% compared to CNY 29,933,705,942.04 in the same period last year[26] - Total operating costs for Q1 2016 were CNY 26,348,325,916.60, down 10.0% from CNY 29,458,879,650.78 year-over-year[26] - The total revenue for Q1 2016 was CNY 5,803,513,024.82, a decrease of 26.0% compared to CNY 7,820,230,216.26 in the same period last year[28] - The total operating costs for Q1 2016 were CNY 5,626,337,499.03, down from CNY 7,649,240,682.25 in Q1 2015[28] Assets and Liabilities - Total assets decreased by 3.44% to CNY 137.31 billion compared to the end of the previous year[5] - The company's cash and cash equivalents decreased to CNY 31.93 billion from CNY 38.82 billion, representing a decline of approximately 17.5%[20] - Accounts receivable decreased to CNY 11.54 billion from CNY 15.88 billion, a reduction of about 27.2%[20] - Inventory increased to CNY 50.15 billion from CNY 48.86 billion, reflecting an increase of approximately 2.6%[20] - Short-term borrowings increased to CNY 6.55 billion from CNY 4.59 billion, an increase of about 42.6%[21] - The total current liabilities decreased to CNY 104.95 billion from CNY 111.28 billion, a decline of approximately 5.7%[21] - Total liabilities decreased to CNY 20,161,829,128.30 from CNY 20,958,575,271.94 at the start of the year, reflecting a reduction of 3.8%[25] Cash Flow - Net cash flow from operating activities decreased by 22.82% to -CNY 9.35 billion year-on-year[5] - The net cash flow from operating activities for Q1 2016 was -CNY 9,354,958,118.10, worsening from -CNY 7,617,046,068.81 in the same period last year[32] - Total cash inflow from operating activities was 6,129,295,942.91 RMB, down 27.8% from 8,489,617,915.73 RMB in the same period last year[34] - Cash outflow from operating activities totaled 8,380,311,440.99 RMB, slightly decreased from 8,474,709,249.00 RMB year-over-year[35] - The net cash flow from investing activities was 214,815,608.07 RMB, a recovery from a negative cash flow of -204,431,093.38 RMB in the previous year[35] - Cash inflow from financing activities amounted to 1,250,000,000.00 RMB, an increase from 690,000,000.00 RMB in the same period last year[35] - The net cash flow from financing activities was 1,121,766,083.91 RMB, compared to a negative cash flow of -255,558,758.55 RMB in the previous year[35] Shareholder Information - The total number of shareholders reached 238,536 at the end of the reporting period[10] - The largest shareholder, Shanghai Construction Group, holds 31.68% of the shares[10] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 10.52 million, primarily from government subsidies[7] - Investment income decreased by RMB 0.15 billion compared to the same period last year, mainly due to reduced investment income from joint ventures and associates[15] - Employee compensation payable decreased by RMB 0.123 billion compared to the beginning of the year, as the compensation accrued at the end of the previous year was paid in the current period[14] - Long-term payables increased by RMB 0.089 billion compared to the beginning of the year, mainly due to increased performance bonds payable by subsidiaries[14] - The fair value change income for the period was RMB 0.9682 million, mainly due to the appreciation of the fair value of Hong Kong stocks held by subsidiaries[15]