CCEG(SH:600697)2017-04-28 16:00Financial Performance - Operating revenue for the period was ¥3,077,939,563.46, reflecting a slight increase of 0.45% year-on-year[6] - Net profit attributable to shareholders was ¥46,358,840.77, a marginal increase of 0.35% compared to the same period last year[6] - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of ¥44,517,336.41, a decrease of 2.77% year-on-year[6] - Net profit for Q1 2017 was CNY 104,801,310.94, up from CNY 89,373,897.19, indicating a growth of 17.3% year-over-year[31] - The net profit attributable to shareholders of the parent company was CNY 46,358,840.77, slightly up from CNY 46,197,997.29, reflecting a marginal increase of 0.35%[31] - The company recorded a total comprehensive income of CNY 104,897,108.34, compared to CNY 85,087,315.33 in the previous year, representing a growth of 23.5%[31] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of ¥96,583,721.38, representing an 80.03% reduction in losses compared to the previous year[6] - The total cash inflow from operating activities for Q1 2017 was CNY 4,201,515,631.77, an increase of 10.3% compared to CNY 3,809,386,108.42 in the previous period[35] - The net cash flow from operating activities was negative CNY 96,583,721.38, an improvement from negative CNY 483,748,766.90 in the same period last year[35] - The cash inflow from financing activities was CNY 1,750,000,000.00, down from CNY 2,055,000,000.00 in the previous period[36] - The net cash flow from financing activities was negative CNY 60,680,766.38, compared to a positive CNY 467,253,114.24 in the same period last year[36] - The total cash outflow from investing activities was CNY 465,640,289.72, a decrease from CNY 551,758,328.14 in the previous period[36] - The company reported a significant increase in cash received from other operating activities, totaling CNY 376,952,236.64, compared to CNY 224,070,340.25 in the previous period[35] - The company experienced a net decrease in cash and cash equivalents of CNY 622,482,256.85 during the quarter, compared to a decrease of CNY 568,258,609.31 in the previous period[36] Assets and Liabilities - Total assets at the end of the reporting period reached ¥18,396,215,482.14, an increase of 1.31% compared to the end of the previous year[6] - Current assets rose to ¥6,039,951,720.82, up from ¥5,836,172,874.31, indicating an increase of about 3.48%[23] - Total liabilities rose to ¥13,835,120,192.41 from ¥13,692,518,458.45, showing an increase of approximately 1.04%[24] - Total liabilities increased to CNY 9,045,280,979.65 from CNY 8,678,078,219.40, marking a rise of 4.23%[30] - The company's cash and cash equivalents decreased to ¥971,865,124.46 from ¥1,594,347,381.31, a decline of about 39.06%[23] - Other current liabilities decreased by 59.84% compared to the beginning of the period, due to the repayment of short-term financing bonds[15] Shareholder Information - The number of shareholders at the end of the reporting period was 17,197[10] - The largest shareholder, Changchun Automotive City Commercial Company, held 24.52% of the shares[10] Expenses and Costs - Total operating costs decreased to CNY 2,940,756,414.22 from CNY 2,943,429,974.01, showing a reduction of 0.06%[30] - Financial expenses increased by 34.39% compared to the same period last year, primarily due to higher bank loan interest expenses[18] - Tax and surcharges increased by 40.18% compared to the same period last year, mainly due to reclassification of certain taxes from management expenses to tax and surcharges[17] - The company reported an increase in sales expenses to CNY 125,025,497.77 from CNY 111,113,682.02, which is an increase of 12.5%[30] Investments and Other Assets - The company received government subsidies amounting to ¥4,451,685.31, primarily for the transformation funding of its subsidiary[8] - Long-term investments rose to ¥457,772,116.01 from ¥438,193,628.85, reflecting an increase of about 4.00%[23] - Accounts receivable increased by 36.51% compared to the beginning of the period, attributed to increased receivables from medical insurance by a subsidiary[13] - Prepaid expenses grew by 64.30% compared to the beginning of the period, due to increased prepayments for goods and real estate projects[13] - Other current assets surged by 106.94% compared to the beginning of the period, driven by increased inventory and VAT receivables[13] - Long-term deferred expenses rose by 139.51% compared to the beginning of the period, due to increased renovation costs for leased fixed assets[13] - Inventory increased significantly to ¥3,757,916,714.46 from ¥3,409,045,973.89, representing a growth of approximately 10.19%[23]