HPEC(SH:600312)2018-04-25 16:00Financial Performance - Operating revenue for the period was CNY 1.18 billion, representing a decline of 19.64% year-on-year[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 31.98 million, a decrease of 131.19% compared to the previous year[6] - Basic earnings per share were -CNY 0.02, down 125.00% from CNY 0.08 in the same period last year[6] - The weighted average return on net assets decreased by 1.49 percentage points to -0.36%[6] - Total revenue for Q1 2018 was CNY 1,184,413,049.13, a decrease of 19.6% compared to CNY 1,473,844,732.07 in the same period last year[23] - Net profit for Q1 2018 was CNY 91,862,015.91, down 34.8% from CNY 140,944,388.16 in Q1 2017[27] - Operating profit for Q1 2018 was CNY 106,849,261.92, a decline of 35.3% compared to CNY 165,454,595.18 in the previous year[27] - The company reported a net loss of CNY 41,674,276.08 in the first quarter of 2018, contrasting with a net profit of CNY 106,728,658.48 in Q1 2017[24] - Basic and diluted earnings per share for Q1 2018 were both CNY -0.02, compared to CNY 0.08 in the same quarter last year[25] - Total comprehensive income for Q1 2018 was CNY 91,862,015.91, down from CNY 140,944,388.16 in the same period last year[27] Cash Flow - Cash flow from operating activities was -CNY 556.23 million, an improvement from -CNY 1.01 billion in the same period last year[6] - The net cash flow from operating activities was -556,227,455.27 RMB, an improvement from -1,005,123,498.14 RMB in the previous period, indicating a 44.5% reduction in cash outflow[30] - Total cash inflow from operating activities was 1,178,521,658.25 RMB, while cash outflow was 1,734,749,113.52 RMB, resulting in a net cash flow of -556,227,455.27 RMB[30] - Cash inflow from financing activities increased to 331,425,141.50 RMB, compared to 280,562,538.71 RMB in the previous period, marking an 18.2% increase[31] - The net cash flow from financing activities was 115,429,051.54 RMB, up from 61,904,547.43 RMB, reflecting an increase of 86.5%[31] - The net cash flow from investment activities was -14,976,584.90 RMB, an improvement from -30,859,614.35 RMB in the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 18.90 billion, a decrease of 1.71% compared to the end of the previous year[6] - Total liabilities decreased to CNY 9,774,516,257.96 from CNY 10,054,155,648.38, a reduction of 2.8%[18] - Current liabilities totaled CNY 9,741,587,579.13, down from CNY 10,020,302,027.62, indicating a decrease of 2.8%[18] - Total equity decreased to CNY 9,128,558,245.89 from CNY 9,177,756,857.27, a decline of 0.5%[18] - Total liabilities decreased by 31.41% to ¥1,001,771,757.34 from ¥1,460,598,549.50 due to the settlement of maturing bills[11] Shareholder Information - The number of shareholders at the end of the reporting period was 66,071[9] - The largest shareholder, Pinggao Group Co., Ltd., held 40.50% of the shares[9] Other Financial Metrics - Cash and cash equivalents decreased by 38.27% to ¥1,000,646,961.94 from ¥1,620,917,231.42 due to payments for goods and loan repayments[11] - Accounts receivable interest decreased by 100% to ¥0 from ¥2,045,767.60 as interest was received during the period[11] - Construction in progress increased by 32.35% to ¥39,212,163.51 from ¥29,628,122.68 due to increased investment in ongoing projects[11] - Financial expenses increased by 113.84% to ¥26,376,059.52 from ¥12,334,419.23 due to an increase in interest expenses from interest-bearing liabilities[12] - Other income decreased by 45.43% to ¥1,321,690.00 from ¥2,422,000.00 due to fewer government subsidies related to operations[12] - Cash received from other operating activities increased significantly by 822.02% to ¥185,093,119.75 from ¥20,074,672.43 due to increased acceptance of due payments[12] - Cash paid for other operating activities decreased by 52.63% to ¥104,768,840.16 from ¥221,181,015.65 due to reduced payments for acceptance guarantee deposits[12] - Cash paid for interest increased by 205.70% to ¥18,352,265.68 from ¥6,003,427.37 due to an increase in interest payments[12] - Other comprehensive income showed a significant loss of ¥7,524,335.30 compared to a gain of ¥1,245,434.40 in the previous period, primarily due to foreign currency translation differences[12] - The company incurred financial expenses of CNY 20,467,286.83 in Q1 2018, significantly higher than CNY 8,151,447.60 in the previous year[26] - Investment income for Q1 2018 was CNY 7,519,585.89, compared to CNY 6,815,607.56 in Q1 2017, indicating a growth of 10.3%[26] - The company reported a decrease in management expenses to CNY 43,758,187.21 in Q1 2018 from CNY 60,913,642.05 in Q1 2017, reflecting a reduction of 28.2%[26]