BJP(SH:600578)2017-04-27 16:00Financial Performance - Operating revenue for the period was CNY 2.36 billion, a 1.85% increase year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 46.74 million, a decrease of 111.67% compared to the same period last year[6] - Basic earnings per share were CNY -0.01, a decrease of 114.29% compared to the same period last year[6] - The weighted average return on equity decreased by 2.15 percentage points to -0.23%[6] - Total operating revenue for Q1 2017 was CNY 2,357,617,806.71, an increase of 1.8% compared to CNY 2,314,810,137.89 in the same period last year[26] - Operating profit for Q1 2017 was a loss of CNY 180,848,495.90, compared to a profit of CNY 463,354,713.96 in Q1 2016[27] - Net profit for Q1 2017 was a loss of CNY 163,934,937.28, compared to a profit of CNY 455,545,589.92 in the same period last year[27] - Investment income for Q1 2017 was CNY 236,256,501.70, a decrease from CNY 315,967,583.34 in Q1 2016[27] Assets and Liabilities - Total assets increased by 6.63% to CNY 57.44 billion compared to the end of the previous year[6] - Total liabilities rose to ¥30,150,030,399.48 from ¥29,444,593,499.32, an increase of 2.4%[21] - Short-term borrowings increased by 39.76% to CNY 6,703,854,957.44, reflecting a rise in external short-term financing[12] - The total liabilities as of Q1 2017 amounted to CNY 8,171,099,425.86, an increase from CNY 6,205,263,925.45 in the previous year[25] - The company reported a significant increase in long-term borrowings, totaling CNY 17,100,000.00 in Q1 2017 compared to CNY 4,300,000.00 in the previous year[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 81,338[9] - The largest shareholder, Beijing Jingneng International Energy Co., Ltd., held 47.59% of the shares[9] Cash Flow - Cash flow from operating activities decreased by 84.01% to CNY 125.20 million compared to the same period last year[6] - Cash inflow from operating activities totaled ¥39,076,714.98, down from ¥409,338,326.02 in the same period last year, a decline of about 90%[35] - The net cash flow from operating activities for Q1 2017 was ¥125,196,132.08, a significant decrease from ¥782,877,126.20 in the previous year, reflecting a decline of approximately 84%[33] - Total cash inflow from financing activities reached ¥8,474,420,237.86, compared to ¥1,078,651,037.77 in the prior year, indicating an increase of about 685%[34] - The net cash flow from financing activities was ¥4,909,995,045.10, a significant improvement from -¥239,456,659.78 in the previous year[36] - The total cash outflow for financing activities was ¥1,648,480,192.76, compared to ¥239,549,994.84 in the prior year, indicating a substantial increase in cash outflows[36] Costs and Expenses - Operating costs increased by 34.67% to CNY 2,371,770,303.35, mainly due to higher coal prices compared to the same period last year[13] - The company reported a 140.42% decrease in income tax expenses, reflecting a decline in profitability[13] - Cash outflow for debt repayment increased by 260.70% to CNY 3,448,100,000.00, indicating a rise in debt obligations[14] Other Financial Metrics - Cash and cash equivalents increased by 101.91% to CNY 5,700,417,752.59, primarily due to the receipt of CNY 3 billion from the issuance of shares[12] - Accounts receivable rose by 30.33% to CNY 1,259,000,633.37, attributed to an increase in electricity sales in March compared to December of the previous year[12] - Current assets increased to ¥8,201,003,621.67 from ¥5,172,556,370.33, representing a growth of 58.9%[19] - The company's equity increased to ¥27,292,351,622.25 from ¥24,426,865,562.00, reflecting a growth of 11.5%[21] - Inventory decreased to ¥600,677,694.55 from ¥742,613,317.65, a decline of 19.1%[19]