SPC(SH:600688)2018-04-26 16:00Financial Performance - Operating revenue rose by 14.12% to CNY 25,759,522,000, driven by an increase in product unit prices[12] - Net profit attributable to shareholders decreased by 8.16% to CNY 1,771,513,000, reflecting higher costs[12] - Operating profit for Q1 2018 was RMB 2,263,474 thousand, a decrease of 9.5% from RMB 2,499,643 thousand in Q1 2017[21] - In Q1 2018, Sinopec Shanghai Petrochemical Corporation reported a net profit of CNY 1,755,737,000, a decrease of 9.15% compared to CNY 1,932,550,000 in the same period last year[24] - The company's operating profit for Q1 2018 was CNY 2,255,980,000, down from CNY 2,502,311,000, reflecting a decline of 9.83% year-over-year[24] - The total profit for Q1 2018 was CNY 2,249,734,000, down 9.75% from CNY 2,492,457,000 in Q1 2017[24] Assets and Liabilities - Total assets increased by 6.72% to CNY 42,269,632,000 compared to the end of the previous year[5] - Current assets totaled RMB 22,670,768 thousand, up 14.4% from RMB 19,866,051 thousand at the beginning of the year[16] - Total liabilities increased to RMB 11,901,314 thousand, compared to RMB 11,067,923 thousand at the beginning of the year, reflecting a rise of 7.5%[16] - Cash and cash equivalents rose to RMB 11,391,368 thousand, an increase of 19.9% from RMB 9,504,266 thousand at the beginning of the year[16] Cash Flow - Cash flow from operating activities fell by 42.71% to CNY 1,635,267,000 compared to the same period last year[5] - Cash flow from operating activities generated a net cash inflow of CNY 1,635,267,000, a significant decrease of 42.7% from CNY 2,854,156,000 in Q1 2017[28] - Investment activities resulted in a net cash outflow of CNY 231,032,000, an improvement from a net outflow of CNY 540,010,000 in the same period last year[28] - Cash flow from financing activities generated a net inflow of CNY 486,748,000, a significant increase from CNY 53,716,000 in the previous year[28] Shareholder Information - The number of shareholders reached 100,401, with the largest shareholder holding 50.44% of the shares[9] - The company's stock option incentive plan resulted in the exercise of 9,636,900 shares, increasing total shares from 10,814,176,600 to 10,823,813,500[12] Costs and Expenses - Operating costs increased by 22.71% to CNY 19,769,281,000, primarily due to rising raw material prices[12] - The company paid CNY 3,584,166,000 in taxes during Q1 2018, a decrease of 20.6% compared to CNY 4,516,362,000 in the same period last year[26] Government Support and Future Plans - The company received government subsidies amounting to CNY 25,780,000 during the reporting period[7] - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[20] Earnings Per Share - The company reported a basic earnings per share of RMB 0.164, down from RMB 0.179 in the same period last year[21] - The company’s basic and diluted earnings per share for Q1 2018 were both CNY 0.162, down from CNY 0.179 in Q1 2017, indicating a decline of 9.5%[24]