ITG(SH:600755)2017-04-26 16:00Financial Performance - Operating revenue for the first quarter reached CNY 25.91 billion, a 52.83% increase year-on-year[5] - Net profit attributable to shareholders was CNY 427.22 million, up 13.19% from the same period last year[5] - Basic earnings per share decreased by 8.70% to CNY 0.21, while diluted earnings per share decreased by 5.00% to CNY 0.19[5] - The weighted average return on equity decreased by 0.72 percentage points to 3.80%[5] - Total operating revenue for Q1 2017 reached ¥25,908,387,361.07, a 52.83% increase compared to ¥16,952,406,819.50 in Q1 2016[16] - Net profit for Q1 2017 was ¥477,091,014.37, a decrease of 25.8% from ¥642,617,765.56 in Q1 2016[29] - The net profit attributable to shareholders of the parent company was ¥427,221,411.72, an increase of 13.2% compared to ¥377,449,930.82 in the previous year[29] Assets and Liabilities - Total assets increased by 30.91% to CNY 71.71 billion compared to the end of the previous year[5] - The company's total assets increased by 31.93% to ¥981,367,408.81 due to the rise in the fair value of futures contracts held[14] - The company's total liabilities reached CNY 53.33 billion, up from CNY 36.86 billion at the beginning of the year, indicating a rise of about 44.7%[22] - Total assets as of Q1 2017 amounted to ¥38,582,309,307.39, up from ¥29,036,882,145.60 in the same period last year, reflecting a growth of 32.9%[26] - Total liabilities increased to ¥27,086,828,387.80, compared to ¥17,805,695,060.25 in Q1 2016, marking a rise of 52.5%[26] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 7.05 billion, compared to a net outflow of CNY 3.86 billion in the previous year[5] - The company's net cash flow from operating activities for Q1 2017 was -¥7,046,163,880.79, reflecting a significant decrease in cash flow due to increased bulk commodity purchases and land transfer payments[16] - The net cash flow from operating activities was negative CNY 7.05 billion, worsening from negative CNY 3.86 billion in Q1 2016[32] - Cash inflow from operating activities totaled CNY 36.37 billion, while cash outflow was CNY 43.42 billion, resulting in a net cash outflow[32] - The company reported a net cash flow from financing activities of CNY 7.40 billion, down from CNY 9.96 billion in the previous year[33] Shareholder Information - The number of shareholders reached 126,270 by the end of the reporting period[10] - The largest shareholder, Xiamen Guomao Holding Group Co., Ltd., holds 32.85% of the shares[10] Inventory and Investments - The company's inventory rose by 34.03% to ¥31,587,779,416.81, attributed to the growth in supply chain management business[15] - The company's long-term equity investments grew by 69.30% to ¥2,231,470,170.29, due to new investments in joint ventures[15] - The company reported a substantial increase in asset impairment losses, which rose by 871.74% to ¥278,681,775.68, due to increased provisions for inventory and bad debts[16] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]