安徽建工(600502) - 2017 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 17.81% to CNY 2,125,372,565.61 compared to the same period last year[7] - Net profit attributable to shareholders decreased by 11.81% to CNY 40,656,421.57 compared to the same period last year[7] - Basic earnings per share decreased by 11.76% to CNY 0.0450 compared to the same period last year[7] - Total operating revenue decreased to ¥2,125,372,565.61 from ¥2,585,898,779.41, a decline of approximately 17.7% year-over-year[31] - Net profit for the period was ¥39,796,171.23, down from ¥44,893,905.72, reflecting a decrease of approximately 11.5% year-over-year[31] - Earnings per share (EPS) decreased to ¥0.0450 from ¥0.0510, a decline of about 11.8% year-over-year[31] Cash Flow - Cash flow from operating activities improved to a net outflow of CNY 300,898,800.94, compared to a net outflow of CNY 460,956,039.50 in the same period last year[7] - Cash received from operating activities increased by 352.73% year-on-year, due to an increase in received deposits[16] - Cash flow from operating activities showed a net outflow of ¥300,898,800.94, improving from a net outflow of ¥460,956,039.50 in the previous period[35] - The net cash flow from operating activities was $220,870,357.40, a significant improvement compared to a net outflow of $621,440,475.82 in the previous period[38] - The company reported a total cash outflow from operating activities of $3,049,941,584.41, compared to $3,549,180,117.52 in the previous period[38] Assets and Liabilities - Total assets increased by 6.76% to CNY 18,469,952,253.27 compared to the end of the previous year[7] - Total assets as of March 31, 2017, amounted to CNY 18.47 billion, an increase from CNY 17.30 billion at the beginning of the year, representing a growth of approximately 6.77%[25] - Current assets totaled CNY 14.48 billion, up from CNY 13.91 billion, indicating a rise of about 4.23%[25] - Total liabilities reached CNY 14.17 billion, compared to CNY 13.06 billion at the start of the year, marking an increase of about 8.54%[26] - The company's equity attributable to shareholders increased to CNY 3.69 billion from CNY 3.68 billion, a slight growth of about 0.09%[26] - The total liabilities to equity ratio stands at approximately 3.29, indicating a leverage increase compared to the previous period[26] Cash and Cash Equivalents - Cash and cash equivalents increased by 29.87% to CNY 3,250,437,455.92 compared to the beginning of the year[11] - Cash and cash equivalents at the end of the period increased to ¥2,500,127,979.34 from ¥1,284,434,801.10, marking a significant increase of approximately 94.8%[35] - The ending balance of cash and cash equivalents was $2,054,860,303.18, up from $765,457,864.45 at the end of the previous period[38] Borrowings and Financing - Short-term borrowings increased by 65.75% to CNY 2,552,600,000.00 compared to the beginning of the year[11] - Long-term borrowings increased to CNY 1.86 billion from CNY 1.34 billion, representing a growth of approximately 39.24%[26] - Cash obtained from bank loans increased by 67.92% year-on-year, aimed at supplementing working capital[18] - The company received cash inflows from financing activities totaling ¥2,189,000,000.00, compared to ¥1,281,000,000.00 in the previous period, an increase of about 71.0%[36] - The company obtained loans amounting to $1,671,000,000.00, an increase from $1,231,000,000.00 in the previous period[38] Expenses - Sales expenses increased by 104.64% year-on-year, attributed to new real estate projects[15] - Management expenses rose by 64.02% year-on-year, driven by changes in the company's compensation policy[15] - Financial expenses surged by 226.29% year-on-year, resulting from reduced returns on the BT project[15] - Cash paid to employees increased by 74.76% year-on-year, reflecting changes in the company's salary policy[17] - The company reported a decrease in tax expenses to ¥26,133,407.26 from ¥20,174,636.92, indicating a year-over-year increase of approximately 29.4%[31] Investment Activities - Cash received from investment activities rose by 537.48% year-on-year, due to increased BT investment returns[18] - The company’s investment activities resulted in a net cash outflow of ¥407,753,117.88, worsening from a net outflow of ¥62,665,728.55 in the previous period[36] - Total cash inflow from investment activities was $14,136,221.72, while cash outflow amounted to $788,165,386.64, resulting in a net cash flow from investment activities of -$774,029,164.92[38] Mergers and Acquisitions - The company is in the process of completing the asset transfer procedures related to the merger with Anhui Construction Group[23] - The company has received approval from the China Securities Regulatory Commission for the merger and fundraising plan[22]