SID(SH:600748)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 17.61% to CNY 120.07 million year-on-year[6] - Operating revenue rose by 15.80% to CNY 1.04 billion compared to the same period last year[6] - Total revenue for Q1 2017 was CNY 1,038,318,653.60, an increase of 15.8% compared to CNY 896,647,052.29 in the same period last year[27] - Net profit for Q1 2017 reached CNY 105,722,783.85, slightly up from CNY 105,093,959.00, indicating a growth of 0.6%[28] - The company reported a profit before tax of CNY 218,114,884.90, compared to CNY 156,968,659.82 in the previous year, marking a growth of 38.5%[28] - The total comprehensive income attributable to the parent company was CNY 120,071,511.84, up from CNY 102,094,293.92 in the previous year, indicating an increase of 17.6%[29] - The net profit for Q1 2017 reached CNY 207,983,735.31, significantly up from CNY 11,886,766.85 in Q1 2016, marking an increase of approximately 1,747.5%[32] - Basic and diluted earnings per share for Q1 2017 were both CNY 0.07, compared to CNY 0.06 in the previous year, reflecting a growth of 16.67%[32] Assets and Liabilities - Total assets increased by 1.73% to CNY 35.54 billion compared to the end of the previous year[6] - The total liabilities as of March 31, 2017, amounted to CNY 14,495,418,734.69, a decrease of 19.5% from CNY 18,061,625,901.83 at the beginning of the year[25] - Total assets decreased to CNY 22,565,831,874.01 from CNY 25,924,055,305.84, representing a decline of 12.2%[25] - The company's equity increased to CNY 8,070,413,139.32 from CNY 7,862,429,404.01, showing a growth of 2.6%[25] - The company’s long-term borrowings increased to approximately 7.32 billion RMB from 6.48 billion RMB at the beginning of the year[20] Cash Flow - Net cash flow from operating activities improved by 87.99%, reaching CNY -54.91 million[6] - Cash flow from operating activities for Q1 2017 was CNY -54,906,370.11, an improvement from CNY -457,342,127.22 in Q1 2016[35] - The total cash inflow from operating activities was CNY 2,337,397,455.59, compared to CNY 1,620,648,730.18 in Q1 2016, representing an increase of 44.1%[35] - Cash inflow from financing activities was CNY 5,359,051,227.47, while cash outflow totaled CNY 4,027,410,338.96, leading to a net cash flow from financing activities of negative CNY 3,693,678,056.21[38] - The ending cash and cash equivalents balance was CNY 2,371,459,715.05, down from CNY 6,065,585,867.74 at the beginning of the period[38] Shareholder Information - The number of shareholders reached 43,736 at the end of the reporting period[10] - The largest shareholder, Shanghai Shihua Development Co., Ltd., holds 48.60% of the shares[10] Operational Metrics - The company achieved a total contracted sales amount of 1.169 billion RMB and a contracted sales area of 82,400 square meters from January to March 2017[13] - The company’s construction area under development as of March 2017 was 1.5007 million square meters[13] - The company reported a significant increase in sales expenses, rising by 92.89% to 49.62 million RMB due to increased advertising costs[13] - The company’s accounts payable decreased by 30.94% to approximately 1.15 billion RMB, attributed to payments for engineering costs[13] - The company’s tax payable decreased by 41.98% to approximately 530 million RMB, due to the payment of substantial land value-added taxes[13] Asset Composition - Accounts receivable increased significantly by 467.91% to CNY 7.72 million due to an increase in bank acceptance bills[12] - Prepayments rose by 390.37% to CNY 276.81 million, attributed to increased construction payments[12] - Other current assets increased by 74.78% to CNY 522.79 million, driven by an increase in payable construction bills[12] - The company’s cash and cash equivalents decreased to approximately 9.70 billion RMB from 10.02 billion RMB at the beginning of the year[19] - Cash and cash equivalents at the end of Q1 2017 totaled CNY 9,656,048,805.22, down from CNY 6,021,774,103.10 at the end of Q1 2016[36]