ZPMC(SH:600320)2017-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 23.69% to CNY 66.37 million year-on-year[6]. - Operating revenue decreased by 8.90% to CNY 4.22 billion compared to the same period last year[6]. - Basic earnings per share doubled to CNY 0.02 from CNY 0.01 in the same period last year[6]. - The total comprehensive income for Q1 2017 was 133,117,832, compared to a loss of 91,332,562 in Q1 2016, indicating a significant improvement[15]. - The net profit for Q1 2017 was CNY 82,496,537, representing an increase of 100.7% from CNY 41,130,144 in Q1 2016[27]. - The total profit for Q1 2017 reached CNY 95,021,690, up by 129.0% compared to CNY 41,415,027 in the previous year[27]. - The company's operating profit improved significantly to CNY 93,232,667, compared to CNY 39,594,576 in Q1 2016, marking an increase of 135.5%[27]. Cash Flow - Net cash flow from operating activities increased by 51.11% to CNY 581.29 million compared to the previous year[6]. - The cash flow from operating activities for Q1 2017 was CNY 581,290,268, an increase of 51.1% from CNY 384,687,691 in the same quarter last year[28]. - The company experienced a net cash inflow from financing activities of CNY 10,641,210, a significant improvement compared to a net outflow of CNY 631,753,823 in the same period last year[29]. - Total cash inflow from operating activities was ¥4,547,289,251, while cash outflow was ¥3,709,578,697, resulting in a positive cash flow[30]. - The ending balance of cash and cash equivalents increased to ¥2,678,377,293, up from ¥1,231,776,293 in the previous year[31]. Assets and Liabilities - Total assets at the end of the reporting period decreased by 0.84% to CNY 60.31 billion compared to the end of the previous year[6]. - Current assets totaled CNY 29,029,758,325, slightly down from CNY 29,586,005,529 at the beginning of the year[21]. - Total liabilities amounted to CNY 43,662,426,784, a slight decrease from CNY 44,336,669,148 at the start of the year[21]. - The company's cash and cash equivalents increased to CNY 4,016,884,089 from CNY 3,597,044,199, indicating a stronger cash position[21]. - Long-term borrowings increased to CNY 5,072,311,392 from CNY 3,925,335,497, indicating potential investment in growth initiatives[21]. Shareholder Information - The total number of shareholders reached 266,247 at the end of the reporting period[10]. - The largest shareholder, China Communications Construction Company, holds 28.83% of the shares[10]. Expenses and Costs - Management expenses increased by 31.61% to 384,209,879 due to higher R&D expenditures[14]. - Total operating costs for Q1 2017 were CNY 4,188,141,225, down from CNY 4,621,909,642 in the previous year, indicating a cost reduction strategy[24]. - The company reported a decrease in sales expenses to CNY 16,419,578, down by 31.4% from CNY 23,991,013 in Q1 2016[27]. - Financial expenses increased to CNY 272,654,774, up by 35.0% from CNY 201,925,766 in the previous year[27]. Other Income and Claims - The company reported a total of CNY 944,000 in non-operating income for the period[8]. - The company faced arbitration claims from Lovanda for approximately 13.8 million USD related to a drilling platform construction contract[18]. - The company’s minority shareholder loss was -22,376,283, reflecting losses from its non-wholly owned subsidiaries[14]. - The company reported a 82.93% increase in advance payments to 535,873,026, reflecting strong customer demand[14]. - The other comprehensive income after tax increased to 89,126,208, a recovery from a loss of -142,520,785 in the previous year[14].