GDPD(SH:600795)2016-04-28 16:00Financial Performance - Operating revenue for the first quarter reached CNY 13.56 billion, a growth of 1.43% year-on-year[7] - Net profit attributable to shareholders increased by 13.71% to CNY 1.73 billion compared to the same period last year[7] - Basic and diluted earnings per share both rose by 4.65% to CNY 0.090[7] - Operating profit for Q1 2016 was CNY 3,210,787,382.92, compared to CNY 2,749,668,275.91 in Q1 2015, reflecting a growth of approximately 16.7%[31] - Net profit for the quarter reached CNY 2,668,644,733.63, up from CNY 2,291,841,567.33, indicating an increase of about 16.5% year-over-year[31] - Net profit attributable to the parent company for Q1 2016 was CNY 1,817,848,885.65, an increase from CNY 1,693,103,310.82 in the previous year, representing a growth of approximately 7.4%[32] Assets and Liabilities - Total assets increased by 1.32% to CNY 253.50 billion compared to the end of the previous year[7] - Total assets as of March 31, 2016, were ¥253,495,997,823.31, compared to ¥250,184,810,947.88 at the beginning of the year[23] - Current liabilities amounted to ¥52,000,000,000.00, with short-term borrowings at ¥29,974,946,919.61, an increase from ¥26,430,636,981.86 at the beginning of the year[23] - Total liabilities were CNY 38,887,953,518.06, slightly up from CNY 38,792,770,564.98 at the start of the year[29] Cash Flow - Cash flow from operating activities for the period was CNY 6.14 billion, up 1.13% year-on-year[7] - The net cash flow from operating activities for Q1 2016 was CNY 6,143,162,829.12, slightly up from CNY 6,074,555,025.97 in the same period last year, showing a growth of about 1.1%[37] - Net cash flow from investing activities for the current period was -¥2,902,962,008.31, an improvement of 6.20% year-on-year, primarily due to reduced investment expenditures[18] - Net cash flow from financing activities for the current period was -¥1,521,789,113.32, an increase of 8.15% year-on-year, mainly due to increased net debt financing by the company and its subsidiaries[18] Shareholder Information - The total number of shareholders reached 907,058 by the end of the reporting period[12] - The largest shareholder, China Guodian Corporation, holds 46.00% of the shares[12] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 29.78 million related to its normal business operations[9] - Non-recurring gains and losses totaled CNY 46.57 million for the reporting period[9] Expenses and Income - Total operating costs decreased to CNY 10,753,124,146.85 from CNY 11,072,780,672.67 year-over-year[31] - Financial expenses decreased to CNY 143,561,487.51 in Q1 2016 from CNY 237,870,515.75 in the previous year, a reduction of approximately 39.7%[35] - Investment income for Q1 2016 was CNY 406,633,529.25, down from CNY 453,058,769.73 in the previous year, reflecting a decrease of about 10.2%[35] - The company reported a decrease in management expenses to CNY 22,669,900.38 from CNY 29,148,705.99, a reduction of approximately 22.1%[34] Cash and Cash Equivalents - Cash and cash equivalents at the end of the period amounted to ¥5,159,280,166.47, an increase of 49.94% compared to the beginning of the year, primarily due to increased cash inflows from financing and operating activities[16] - The ending balance of cash and cash equivalents increased to ¥611,813,580.52 from ¥194,679,756.68, representing a significant increase of approximately 214.5%[40] - The total cash and cash equivalents at the end of the period reached ¥5,159,280,166.47, up from ¥3,671,956,286.38, indicating an increase of about 40.4%[38] Inventory and Receivables - The company reported a decrease in accounts receivable to CNY 486,722,591.36 from CNY 577,000,210.62 year-over-year[28] - The company’s inventory decreased to CNY 44,690,215.67 from CNY 71,302,796.44, indicating a reduction of approximately 37.4%[28] Other Comprehensive Income - Other comprehensive income after tax for Q1 2016 was negative CNY 111,492,503.88, compared to positive CNY 302,692,367.99 in the previous year, indicating a significant decline[35]