Wangfujing(SH:600859)2017-04-28 16:00Financial Performance - The net profit attributable to shareholders of the listed company was CNY 190.09 million, representing a 1.52% increase year-on-year[9]. - The operating revenue for the period was CNY 5.25 billion, reflecting a growth of 10.94% compared to the same period last year[9]. - The diluted earnings per share decreased by 21.22% to CNY 0.245 from CNY 0.311 in the previous year[9]. - The net profit after deducting non-recurring gains and losses increased by 22.32% to CNY 181.89 million compared to CNY 148.70 million in the previous year[9]. - Net profit for Q1 2017 was ¥185,618,791.10, slightly down from ¥186,760,378.91 in Q1 2016, indicating a decrease of 0.61%[48]. - The company's operating revenue for the current period is ¥409,577,133.63, a slight increase of 0.26% compared to ¥405,516,567.88 in the previous period[50]. - Operating profit has significantly decreased to -¥38,924,346.56 from a profit of ¥1,360,881.56 in the previous period, indicating a negative shift in profitability[50]. - The net profit for the current period is -¥39,603,094.07, compared to a net profit of ¥784,590.17 in the previous period, reflecting a substantial decline[50]. Assets and Liabilities - The company's total assets at the end of the reporting period were approximately CNY 17.74 billion, a decrease of 0.24% compared to the end of the previous year[9]. - The company's current liabilities increased from RMB 4.63 billion to RMB 5.21 billion, primarily due to an increase in accounts payable[40]. - The total assets as of March 31, 2017, amounted to ¥17,382,995,444.78, showing a marginal increase from ¥17,378,525,676.60 at the beginning of the year[45]. - Total liabilities decreased to ¥6,808,581,786.59 from ¥6,869,760,924.34, a reduction of approximately 0.89%[45]. - The company's equity increased to ¥10,574,413,658.19 from ¥10,508,764,752.26, reflecting a growth of 0.62%[45]. Cash Flow - The net cash flow from operating activities was negative at CNY -168.65 million, an improvement from CNY -240.02 million in the same period last year[9]. - Cash flow from operating activities shows a net outflow of -¥168,654,877.60, an improvement from -¥240,019,903.40 in the previous period[52]. - Cash flow from investing activities has a net outflow of -¥667,606,612.55, worsening from -¥273,330,789.87 in the previous period[53]. - Cash flow from financing activities resulted in a net inflow of ¥149,988,624.51, with total cash inflow of ¥152,410,961.03[53]. - The ending cash and cash equivalents balance is ¥7,340,231,484.96, down from ¥8,026,504,350.60 at the beginning of the period[53]. Shareholder Information - The total number of shareholders at the end of the reporting period was 34,352[13]. - The largest shareholder, Beijing Wangfujing International Commercial Development Co., Ltd., held 38.18% of the shares[13]. Investments and Acquisitions - The company agreed to acquire 100% of Belmont Hong Kong Ltd. for a total transaction price of ¥512,260.05 million[28]. - The company is in the process of acquiring 100% equity of Kaiyuan Commercial, with stock suspension initiated on December 12, 2016, and expected to last no more than one month[29]. - The company has established a joint venture to purchase Changchun Ocean Outlets commercial property, with a total investment of RMB 680 million and a registered capital of RMB 50 million[32]. - The company has increased its investment in 711 (Beijing) Co., Ltd. by RMB 60 million, raising its stake to 25%[33]. - The company signed a joint venture agreement with Henan Aibianli Information Technology Co., Ltd. and Beijing Meilin Youpin Cultural Media Co., Ltd. to expand into the convenience store sector[27]. Government Subsidies - The company received government subsidies amounting to CNY 573,904.91, which were closely related to its normal business operations[9]. Financial Ratios - The weighted average return on equity decreased by 0.72 percentage points to 1.806% from 2.523% in the previous year[9].