国网英大(600517) - 2018 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 258.77% to a loss of CNY 66,674,058.85 compared to the same period last year[6]. - Operating revenue decreased by 40.43% to CNY 678,759,139.79 compared to the same period last year[6]. - Basic earnings per share decreased by 266.67% to CNY -0.05 compared to CNY 0.03 in the same period last year[6]. - Net loss for Q1 2018 amounted to ¥71,312,392.88, compared to a net profit of ¥50,954,272.47 in Q1 2017[28]. - The net profit for the current period is a loss of CNY 18,744,707.55, compared to a loss of CNY 4,325,638.56 in the previous period, indicating a significant decline in profitability[32]. Cash Flow - Cash flow from operating activities was negative at CNY -685,748,441.80, compared to CNY -479,403,442.85 in the same period last year[6]. - The net cash flow from operating activities was -685,748,441.80 yuan, a year-on-year decrease, mainly due to reduced cash collections[13]. - The cash flow from operating activities shows a net outflow of CNY 685,748,441.80, worsening from a net outflow of CNY 479,403,442.85 in the previous period[35]. - The investment activities resulted in a net cash outflow of CNY 20,651,473.27, compared to a net inflow of CNY 57,088,778.23 in the previous period[35]. - The financing activities generated a net cash outflow of CNY 23,183,168.26, an improvement from a net outflow of CNY 155,607,040.72 in the previous period[35]. Assets and Liabilities - Total assets decreased by 6.30% to CNY 8,511,544,671.03 compared to the end of the previous year[6]. - Current assets totaled 6,407,132,890.61 yuan, a decrease from 6,964,661,923.69 yuan at the beginning of the year[19]. - The total liabilities decreased to 4,822,229,769.51 yuan from 5,323,208,282.98 yuan at the beginning of the year[21]. - The company's total assets as of the end of Q1 2018 were ¥4,149,410,066.00, a decrease from ¥4,672,077,848.19 at the end of the previous year[25]. - Total liabilities for Q1 2018 were ¥1,529,303,432.81, down from ¥2,028,239,141.07 year-over-year[25]. Financial Expenses and Impairments - Financial expenses increased by 154.42% to CNY 11,612,068.70 due to higher average interest-bearing liabilities[12]. - Asset impairment losses increased by 72.55% to CNY 4,069,917.30 due to reduced collections and increased bad debt provisions[12]. - The company reported a significant increase in financial expenses, amounting to CNY 7,399,006.27, compared to CNY 4,197,751.38 in the previous period[31]. Other Income and Expenses - Other income increased to 339,186.26 yuan, up 69.59% year-on-year, mainly due to increased government subsidies received[13]. - The company's asset disposal income was -9,527.09 yuan, a decrease of 246.58% year-on-year, primarily due to asset scrapping losses[13]. - The company's total operating costs for Q1 2018 were ¥767,863,586.01, down 31.9% from ¥1,126,507,031.23 year-over-year[27]. - The company recorded a fair value gain of ¥22,345,061.36 in Q1 2018, contrasting with a loss of ¥10,270,288.00 in the previous year[28]. Shareholder Information - The number of shareholders reached 59,685 by the end of the reporting period[9]. Future Outlook and Strategy - The company’s management indicated a focus on improving operational efficiency and reducing costs in future strategies[32]. - The company did not provide specific future outlook or performance guidance in this report[38]. - There were no mentions of market expansion or mergers and acquisitions in the current report[38]. - The company did not report any new product developments or technological advancements during this quarter[38]. Cash and Cash Equivalents - The company’s cash and cash equivalents decreased by 64.93% to CNY 438,475,969.82 compared to the beginning of the period[11]. - The total cash and cash equivalents at the end of the period decreased to CNY 276,029,810.62 from CNY 932,659,966.42 in the previous period[36]. - The cash and cash equivalents at the end of the period decreased to 223,355,843.61 CNY from 324,873,012.80 CNY, reflecting a decline of approximately 31.2%[38]. - The initial cash and cash equivalents balance was 855,983,651.26 CNY, showing a decrease in liquidity by the end of the period[38]. - The net increase in cash and cash equivalents was -632,627,807.65 CNY, indicating a substantial reduction in cash reserves[38].