BURTC(SH:600861)2017-04-27 16:00Financial Performance - Operating income for the period was RMB 652,504,785.51, representing a decrease of 10.83% year-on-year[6] - Net profit attributable to shareholders of the listed company was RMB 32,534,860.19, an increase of 13.97% compared to the same period last year[6] - Total operating revenue for Q1 2017 was CNY 652,504,785.51, a decrease of 10.8% compared to CNY 731,790,134.26 in the same period last year[26] - Total operating costs for Q1 2017 were CNY 609,269,579.05, down 11.5% from CNY 688,366,260.78 year-over-year[26] - Net profit for Q1 2017 reached CNY 31,063,277.54, an increase of 10.3% compared to CNY 28,216,558.97 in Q1 2016[28] - The net profit attributable to shareholders of the parent company was CNY 33,015,550.31, up from CNY 28,332,101.59 in the previous year[28] - The company reported that there are no significant changes in net profit compared to the same period last year, indicating stable financial performance[17] Cash Flow - Net cash flow from operating activities was RMB 138,636,918.63, a significant increase of 353.07% year-on-year, mainly due to increased cash inflow from property sales[12] - The net cash flow from investing activities was RMB -23,429,815.33, an increase of 52.14% year-on-year, mainly due to reduced cash payments for fixed asset purchases[13] - The net cash flow from financing activities was RMB -26,874,200.13, an increase of 51.43% year-on-year, primarily due to reduced investment receipts and loan repayments by subsidiaries[13] - Cash flow from operating activities increased to CNY 138,636,918.63, up from CNY 30,599,753.02 in Q1 2016[33] - The net cash flow from operating activities was -6,346,548.81 RMB, compared to -80,819,630.18 RMB in the previous period, indicating an improvement[36] - Total cash inflow from operating activities was 347,743,130.24 RMB, down 23.2% from 452,895,891.09 RMB in the previous period[36] - Cash outflow from operating activities decreased to 354,089,679.05 RMB, a reduction of 33.7% from 533,715,521.27 RMB in the previous period[36] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 4,476,573,033.38, a 0.19% increase compared to the end of the previous year[6] - The company's total assets amounted to RMB 4,476,573,033.38, showing a slight increase from RMB 4,468,250,935.57 at the beginning of the year[22] - The company's total liabilities decreased to RMB 1,984,897,798.00 from RMB 2,067,527,242.70, indicating a reduction of about 4%[21] - Total liabilities were CNY 813,254,096.71, slightly up from CNY 811,999,330.48 year-over-year[25] - The company's inventory decreased to RMB 1,222,204,487.05 from RMB 1,298,768,486.82, representing a decline of approximately 5.9%[20] - The company's accounts receivable decreased to RMB 31,055,158.56 from RMB 43,284,414.53, a reduction of about 28.3%[20] - The company's total equity increased to RMB 2,491,675,235.38 from RMB 2,400,723,692.87, reflecting an increase of approximately 3.8%[22] - The company maintained a stable equity position with total equity amounting to CNY 2,250,350,272.99, slightly up from CNY 2,229,378,194.50[25] Investments and Acquisitions - The company plans to acquire 100% equity of Beijing Xinhua International Tourism Co., Ltd. for a total transaction price of RMB 747.14 million, which will become a wholly-owned subsidiary after the transaction[15] - The company will acquire 49% equity of Beijing Urban Yanjing Trade Co., Ltd. for RMB 9,476.23 million, making it a wholly-owned subsidiary upon completion[15] - The company has completed the equity transfer procedures for four companies as of March 31, 2017, following the approval from the Beijing State-owned Assets Supervision and Administration Commission[16] Other Income and Expenses - Other income from non-operating activities increased by 375.35% year-on-year to RMB 1,375,269.66, mainly due to government subsidies received by a subsidiary[12] - The company reported a total tax expense of CNY 2,682,635.57 for Q1 2017, down from CNY 3,299,740.51 in Q1 2016[29] - Sales expenses rose to CNY 39,164,284.44, an increase of 52.5% compared to CNY 25,678,044.66 in Q1 2016[29] - The company reported a decrease in sales expenses to CNY 69,101,146.98 from CNY 55,302,948.65, indicating a strategic shift in cost management[26] Shareholder Information - The number of shareholders at the end of the reporting period was 25,391[9] - Basic and diluted earnings per share for Q1 2017 were both CNY 0.1042, compared to CNY 0.0894 in the previous year[29]