SWEC(SH:600641)2016-04-21 16:00Financial Performance - Net profit attributable to shareholders decreased by 8.08% to CNY 68,176,247.30 year-on-year[5] - Operating revenue declined by 5.46% to CNY 442,681,791.82 compared to the same period last year[5] - Total revenue for Q1 2016 was CNY 442,681,791.82, a decrease of 5.5% compared to CNY 468,237,782.84 in the same period last year[24] - Net profit for Q1 2016 was CNY 71,975,236.56, a decline of 17.2% from CNY 86,896,102.60 in Q1 2015[25] - The basic earnings per share for Q1 2016 was CNY 0.0846, down from CNY 0.0920 in the previous year, reflecting a decrease of 4.8%[26] - The total comprehensive income for the first quarter of 2016 was -11,837,108.47 RMB, compared to -4,205,858.70 RMB in the same period last year, indicating a significant decline[29] Cash Flow - The net cash flow from operating activities was CNY 441,755,965.73, a significant improvement from a negative CNY 193,705,546.45 in the previous year[5] - Cash inflows from operating activities amounted to 911,895,094.21 RMB, a substantial increase from 413,866,817.93 RMB year-over-year[32] - The net cash flow from operating activities was 441,755,965.73 RMB, recovering from a negative cash flow of -193,705,546.45 RMB in the previous year[33] - The net cash flow from investing activities was -897,477,435.38 RMB, a significant decrease from 929,529.75 RMB in the previous year[33] - The net cash flow from financing activities was -233,368,222.74 RMB, worsening from -4,205,207.31 RMB year-over-year[34] Assets and Liabilities - Total assets increased by 1.76% to CNY 6,868,416,195.27 compared to the end of the previous year[5] - Current assets totaled ¥6,572,726,054.45, showing an increase from ¥6,460,427,704.48 at the start of the year[17] - Total liabilities were ¥2,859,526,488.70, up from ¥2,807,762,899.83 at the beginning of the year[19] - Total liabilities rose to CNY 1,212,187,635.02, compared to CNY 812,655,304.86, indicating a significant increase of 49.2%[23] - The company's equity attributable to shareholders increased to ¥3,773,032,417.81 from ¥3,709,549,256.84[19] Expenses and Costs - Management expenses increased by 49.41% to CNY 16,783,673.25 due to higher consulting fees[11] - Total operating costs for Q1 2016 were CNY 351,231,819.62, down from CNY 359,792,257.90, reflecting a cost reduction of approximately 2.4%[24] - Payments to employees increased to 38,961,462.89 RMB from 11,879,133.25 RMB, indicating higher labor costs[33] Investments - Investment income surged by 2163.86% to CNY 1,309,123.84, attributed to increased financial product returns[11] - The company reported an investment income of CNY 1,309,123.84, significantly higher than CNY 57,827.09 in Q1 2015, marking an increase of over 2,200%[25] - Other current assets rose by 1070.15% to CNY 1,060,945,658.99, mainly due to investments in financial products[12] Shareholder Information - The number of shareholders reached 41,395, with the top ten shareholders holding a combined 78.82% of shares[9]