ycec(SH:600248)2017-04-27 16:00Financial Performance - Operating revenue increased by 2.72% to CNY 504,270,543.95 year-on-year[6] - Net profit attributable to shareholders decreased by 30.42% to CNY 13,461,534.41 compared to the same period last year[6] - Net profit for Q1 2017 was 15,169,821.67, a decrease of 22.52% compared to the previous period[13] - Total operating revenue for Q1 2017 was CNY 504,270,543.95, an increase of 2.8% compared to CNY 490,900,776.83 in the same period last year[27] - Total operating costs for Q1 2017 amounted to CNY 488,509,685.48, up from CNY 467,917,146.23, reflecting a year-on-year increase of 4.5%[27] - Net profit for Q1 2017 was CNY 15,169,821.67, a decrease of 22.4% from CNY 19,580,060.94 in the previous year[28] - The total comprehensive income for the period was CNY 829,966.01, a recovery from a loss of CNY 1,581,055.43 in the same quarter last year[30] - The company reported a net profit of CNY 829,966.01 for Q1 2017, a significant recovery from a net loss of CNY 1,581,055.43 in the same period last year, marking a turnaround of over 152%[29] Assets and Liabilities - Total assets decreased by 5.82% to CNY 5,112,306,127.11 compared to the end of the previous year[6] - The company's current assets totaled CNY 4,313,633,337.86, down from CNY 4,610,082,724.85, indicating a reduction of about 6.4%[20] - Total liabilities were reported at CNY 3,171,475,443.86, down from CNY 3,501,451,813.59, reflecting a decrease of approximately 9.4%[21] - The company's total assets as of March 31, 2017, were CNY 1,182,669,106.02, slightly down from CNY 1,182,683,067.82 at the beginning of the year[25] - The total liabilities as of March 31, 2017, were CNY 5,100,204.26, a decrease of 14.2% from CNY 5,944,132.07 at the beginning of the year[25] - The company's total equity as of March 31, 2017, was CNY 1,177,568,901.76, compared to CNY 1,176,738,935.75 at the beginning of the year, indicating a slight increase[25] Cash Flow - Cash flow from operating activities showed a significant decline of 135.12%, resulting in a net outflow of CNY 75,700,601.55[6] - Operating cash flow net amount was -75,700,601.55, a significant decline of 135.12% from the previous period, attributed to lower cash collection ratios[13] - The net cash flow from operating activities was negative at CNY -75,700,601.55, a decline from a positive cash flow of CNY 215,555,986.20 in the same quarter last year[32] - Investment cash flow net amount was -7,862,667.25, an increase of 142.21% due to higher cash outflows for equity purchases[13] - Investment activities resulted in a net cash outflow of CNY -7,862,667.25, compared to a net outflow of CNY -3,246,198.67 in the previous year[32] Shareholder Information - The number of shareholders reached 30,022 by the end of the reporting period[9] - The largest shareholder, Shaanxi Yanchang Petroleum (Group) Co., Ltd., holds 53.03% of the shares[9] - The company committed to ensuring that cash dividends are distributed when the consolidated financial statements show positive retained earnings at the end of each fiscal year[17] - The company plans to adjust its profit distribution policy based on operational conditions, investment plans, and long-term development needs, ensuring compliance with regulatory requirements[17] - The company will maintain communication with minority shareholders regarding any adjustments to the profit distribution policy, requiring a two-thirds majority approval at shareholder meetings[17] Expenses and Impairments - Financial expenses decreased by 35.62% to -1,767,848.06 due to reduced interest income from decreased fund stock[13] - Asset impairment losses increased by 112.12% to 3,292,142.91, reflecting higher provisions for bad debts[13] - The company incurred management expenses of CNY 1,150,546.23, down from CNY 1,580,117.58, indicating a reduction of about 27%[29] - The company reported a significant increase in financial expenses, with a cost of CNY -4,003.36 compared to CNY -673.08 in the previous year[31] Tax and Charges - The tax and additional charges decreased by 63.96% to CNY 3,741,308.66 due to changes in accounting standards[12] - The company reported a decrease in tax and additional charges from CNY 10,381,375.69 to CNY 3,741,308.66, a reduction of 64.0%[27]