SWEC(SH:600641)2017-04-28 16:00Financial Performance - Operating revenue for the period was CNY 394,557,664.81, a decrease of 10.87% year-on-year[6] - Net profit attributable to shareholders increased by 72.13% to CNY 117,355,164.16 compared to the same period last year[6] - The company reported a basic earnings per share of CNY 0.1456, up 72.10% from the previous year[6] - Net profit for Q1 2017 reached CNY 117,355,164.16, an increase of 62.8% compared to CNY 71,975,236.56 in Q1 2016[25] - Earnings per share for Q1 2017 were CNY 0.1456, up from CNY 0.0846 in the same quarter last year[26] - The company reported a financial income of CNY 10,622,050.71 in Q1 2017, compared to a financial expense of CNY 740,924.49 in Q1 2016[25] - The company’s total comprehensive income for Q1 2017 was CNY 121,024,954.26, an increase from CNY 67,282,150.23 in Q1 2016[26] - The total comprehensive income for the current period is 5,306,875.45, compared to -11,837,108.47 in the previous period[28] Assets and Liabilities - Total assets decreased by 3.11% to CNY 7,531,036,286.51 compared to the end of the previous year[6] - Total assets as of the end of Q1 2017 amounted to CNY 5,991,667,241.46, compared to CNY 5,790,983,862.61 at the end of the previous year[22] - Current assets totaled ¥7,200,162,493.75, down from ¥7,516,900,213.15, primarily due to a decrease in cash and cash equivalents[16] - The total liabilities decreased to ¥3,047,186,055.07 from ¥3,409,601,808.93, indicating improved financial stability[18] - Total liabilities for Q1 2017 were CNY 2,912,816,449.00, an increase from CNY 2,717,439,945.60 in the previous year[22] - The company's equity increased to ¥4,483,850,231.44 from ¥4,362,825,277.18, reflecting retained earnings growth[18] Cash Flow - The company recorded a net cash flow from operating activities of CNY -116,160,427.46, compared to CNY 441,755,965.73 in the same period last year[6] - Cash flow from operating activities showed a net outflow of ¥116,160,427.46, significantly lower than the previous year's inflow of ¥441,755,965.73[12] - Net cash flow from investing activities was a negative ¥1,283,183,203.10, reflecting increased financial investments[12] - The company reported a net cash outflow from operating activities of -116,160,427.46, compared to a net inflow of 441,755,965.73 in the previous period[30] - Cash inflows from investing activities reached $828,143,042.90, compared to $454,021,020.36, representing an increase of approximately 82.5%[34] - Cash outflows for investing activities were $2,130,029,685.98, significantly higher than $1,058,107,465.38, marking an increase of about 101.5%[34] - Net cash flow from investing activities was -$1,301,886,643.08, compared to -$604,086,445.02, indicating a decline of approximately 115.5%[34] - The ending cash and cash equivalents balance was $1,332,497,018.28, compared to $145,303,232.77, showing a significant increase[34] - The net increase in cash and cash equivalents was -$1,265,987,578.97, worsening from -$214,791,865.73 year-over-year[34] Shareholder Information - The number of shareholders reached 35,983 at the end of the reporting period[9] - The total equity attributable to shareholders increased by 2.77% to CNY 4,483,850,231.44 compared to the end of the previous year[6] Operating Costs and Expenses - Operating costs decreased by 31.10% to ¥207,717,414.40 due to reduced revenue from property handovers and improved gross margins on products[11] - Sales expenses fell by 36.94% to ¥4,001,892.13 primarily due to a reduction in advertising expenses[11] - The company reported a significant drop in non-operating income, which fell by 90.65% to ¥302,512.00 compared to ¥3,234,991.57 in the previous year[11] - The financial expenses for the current period show a significant decrease to -10,008,328.58 from -193,683.15 in the previous period[27] Investment Income - Investment income increased by 119.49% to ¥2,873,419.64, attributed to higher financial management returns[11] - The company recorded an investment income of 2,603,415.95, up from 1,309,123.84 in the previous period[27]