CMST(SH:600787)2017-04-28 16:00Financial Performance - Operating revenue surged by 88.42% to CNY 5,567,696,124.66 year-on-year[6] - Net profit attributable to shareholders decreased by 87.01% to CNY 29,766,087.94 compared to the same period last year[6] - Basic earnings per share fell by 87.04% to CNY 0.0135 compared to the previous year[6] - Total profit decreased to ¥40,400,208.65, down 86.30% from the previous year, primarily due to significant gains recognized in the prior year from land transfers[16] - Net profit for Q1 2017 was CNY 30,300,156.49, compared to CNY 223,798,459.74 in the previous year, indicating a decrease of approximately 86.5%[30] - The company reported a basic earnings per share of CNY 0.0135 for Q1 2017, down from CNY 0.1042 in the same period last year[31] - The company’s total comprehensive income for Q1 2017 was CNY 29,745,757.71, down from CNY 222,023,889.76 in the previous year[31] Assets and Liabilities - Total assets increased by 6.40% to CNY 20,999,024,990.07 compared to the end of the previous year[6] - Total current assets increased to ¥14,016,968,195.06 from ¥12,852,057,017.12, representing a growth of approximately 8.5%[22] - Total liabilities rose to ¥11,382,417,934.58 from ¥10,149,949,753.97, indicating an increase of approximately 12.1%[24] - Current liabilities increased to ¥7,686,811,585.74 from ¥6,421,420,990.99, a rise of about 19.7%[24] - Non-current assets totaled ¥6,982,056,795.01, compared to ¥6,883,936,735.74, reflecting a growth of about 1.4%[23] - The company's equity attributable to shareholders increased to ¥9,391,532,692.75 from ¥9,361,503,704.69, a rise of approximately 0.3%[24] Cash Flow - The net cash flow from operating activities improved significantly, with a reduction in outflow from CNY -2,116,829,945.59 to CNY -237,001,339.17[6] - Cash inflows from operating activities amounted to CNY 6,894,750,714.86, a significant increase from CNY 3,875,915,170.61 in the prior period, representing an increase of approximately 77.9%[35] - The net cash flow from financing activities was CNY 290,191,913.70, compared to CNY 1,563,354,835.83 in the previous period, showing a decrease in financing inflows[37] - The ending cash and cash equivalents balance was CNY 1,477,301,603.93, compared to CNY 2,544,340,913.46 at the end of the previous period[37] Shareholder Information - The total number of shareholders reached 78,192 by the end of the reporting period[12] - The largest shareholder, China Material Storage and Transportation Corporation, holds 43.74% of the shares[12] Business Operations - Accounts receivable increased to ¥136,394,744.67, up 47.11% from the beginning of the period due to business expansion[16] - Prepayments rose to ¥1,874,029,819.03, a significant increase of 109.48%, driven by business scale expansion and rising prices of key products[16] - Operating costs increased to ¥5,435,802,427.81, up 94.30% year-on-year, reflecting the same factors of business expansion and price increases[16] - Sales expenses rose to ¥52,446,333.93, an increase of 92.25%, mainly due to business scale expansion[16] Legal and Regulatory Matters - The company is currently involved in multiple legal disputes, including claims for repayment and compensation, which may impact future financial performance[18] - The company plans to issue short-term financing bonds with a registered amount of ¥5 billion, approved by the interbank market association[18] - The company has received pre-review feedback for its public bond issuance proposal, indicating ongoing efforts to secure funding[18]