CMC(SH:600327)2017-04-27 16:00Revenue and Profit - The company reported a total revenue of CNY 2.25 billion for the first quarter of 2017, a decrease of 3.19% compared to the same period last year[11]. - Net profit attributable to shareholders was CNY 99.98 million, representing a year-on-year increase of 15.56%[11]. - Total operating revenue for Q1 2017 was CNY 2,251,211,788.53, a decrease of 3.17% from CNY 2,325,413,705.97 in the same period last year[25]. - Net profit for Q1 2017 reached CNY 112,497,393.32, an increase of 21.59% compared to CNY 92,507,634.51 in Q1 2016[25]. - The net profit attributable to shareholders of the parent company was CNY 99,981,887.71, up from CNY 86,518,323.94, reflecting a growth of 15.67%[25]. - The company’s operating profit for Q1 2017 was CNY 67,438,120.21, slightly down from CNY 68,802,602.02 in Q1 2016[28]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 5.29 billion, down 1.86% from the end of the previous year[7]. - Total assets decreased from CNY 5,389,221,585.34 to CNY 5,289,065,132.28, indicating a slight contraction in the company's asset base[20]. - Total liabilities decreased to CNY 861,878,562.15 from CNY 953,817,319.96 at the start of the year, representing a reduction of 9.63%[23]. - Total current liabilities decreased from CNY 1,982,162,392.03 to CNY 1,795,423,844.94, reflecting a reduction in short-term borrowings and other liabilities[21]. Cash Flow - The net cash flow from operating activities was negative CNY 68.24 million, a decline of 191.45% compared to the previous year[7]. - Cash received from operating activities decreased by 31.31% year-on-year, primarily due to a reduction in deposits received by subsidiary Dongfang Automobile[14]. - Operating cash flow for Q1 2017 showed a net outflow of CNY -68,237,044.65, compared to a net inflow of CNY 74,616,028.54 in Q1 2016[29]. - Cash inflow from financing activities in Q1 2017 was CNY 123,651,095.00, an increase of 40.4% from CNY 87,962,600.00 in Q1 2016[30]. - The net increase in cash and cash equivalents was -CNY 62,531,447.04, compared to -CNY 1,271,251.42 in the previous period[32]. Investments and Expenses - Investment income increased by 54.86% compared to the previous year, reflecting improved performance in investment activities[13]. - Financial expenses decreased by 39.29% year-on-year, attributed to the arrival of funds from a previous capital increase which reduced financing needs[13]. - Cash paid for purchasing goods and services was CNY 505,558,565.92, an increase of 8.4% from CNY 466,131,678.18[32]. - Cash paid to employees increased to CNY 31,120,098.75, up 13.3% from CNY 27,388,792.39 in the previous period[32]. Other Financial Metrics - Basic and diluted earnings per share were both CNY 0.176, an increase of 6.02% year-on-year[7]. - Fair value gains increased by 92.24% year-on-year, primarily due to changes in the fair value of stocks held by subsidiary Dongfang Electric[17]. - Other receivables increased by 35.78% compared to the beginning of the year, largely due to an increase in withheld personal income tax[12]. - Tax payable decreased by 32.87% compared to the beginning of the year, mainly due to tax provisions made at the end of last year being paid in the current reporting period[16].