2018-04-25 16:00Financial Performance - Operating revenue increased by 16.5% year-on-year, reaching RMB 10,267,637,000[7] - Net profit attributable to shareholders was a loss of RMB 334,673,000, an improvement from a loss of RMB 1,357,638,000 in the same period last year[7] - The weighted average return on net assets improved by 18.31 percentage points, reaching 1.00%[7] - Basic and diluted earnings per share were both RMB 0.002, compared to RMB -0.095 in the same period last year[7] - Net profit for Q1 2018 was CNY 30,129 thousand, a significant recovery from a net loss of CNY 1,345,366 thousand in Q1 2017[26] - The company reported a basic and diluted earnings per share of CNY 0.002 for Q1 2018, compared to a loss per share of CNY 0.095 in the same quarter last year[26] Assets and Liabilities - Total assets decreased by 3.8% from the end of the previous year, amounting to RMB 59,605,141,000[7] - Total assets decreased to RMB 59,605,141,000 from RMB 61,942,629,000[21] - Total liabilities decreased to RMB 53,946,124,000 from RMB 64,046,629,000[21] - The company's total assets as of March 31, 2018, amounted to CNY 33,329,939 thousand, compared to CNY 25,765,258 thousand at the beginning of the year, reflecting a growth of 29.2%[23] - The company’s total liabilities remained stable at CNY 1,153,584 thousand, showing a slight increase from CNY 1,153,394 thousand at the beginning of the year[23] Cash Flow - The company reported a net cash flow from operating activities of RMB -1,864,850,000, compared to RMB -1,312,169,000 in the previous year[7] - Operating cash inflow totaled CNY 11,108,088 thousand, slightly up from CNY 11,059,806 thousand in the previous period[31] - Net cash flow from operating activities was negative at CNY -1,864,850 thousand, compared to CNY -1,312,169 thousand last period[31] - Cash inflow from financing activities reached CNY 17,439,451 thousand, down from CNY 19,002,457 thousand in the previous period[31] - Net cash flow from financing activities increased to CNY 2,223,531 thousand from CNY 1,539,072 thousand[31] - Cash outflow for operating activities was CNY 12,972,938 thousand, compared to CNY 12,371,975 thousand last period[31] - Cash outflow for investment activities was CNY 217,096 thousand, significantly higher than CNY 100,247 thousand in the previous period[31] Shareholder Information - The number of shareholders totaled 159,265, with the top ten shareholders holding a combined 99.13% of shares[10] - China Petroleum & Chemical Corporation held 56.51% of shares, amounting to 10,727,896,364 shares[10] - The company has not issued preferred shares, and there are no known related party relationships among the top shareholders[12] Other Financial Metrics - Accounts receivable decreased by 44.0% to RMB 676,535,000 due to the collection of overdue payments[15] - Prepayments increased by 34.0% to RMB 569,025,000 primarily due to increased engineering material preparations[15] - Long-term receivables decreased by 62.4% to RMB 87,550,000 as a result of reclassification to current assets[15] - Employee compensation payable increased by 57.3% to RMB 599,585,000 mainly due to increased social security and labor costs[15] - Other income surged by 2,797.7% to RMB 362,475,000 primarily from government subsidies for employee relocation[15] - Total operating costs for Q1 2018 were CNY 10,694,093 thousand, up 5.8% from CNY 10,104,967 thousand year-over-year[25] - The company’s management expenses rose to CNY 766,771 thousand, up 11% from CNY 690,828 thousand in the previous year[26] - The impact of exchange rate changes on cash and cash equivalents was CNY 30,666 thousand, compared to CNY -2,200 thousand last period[31]