GRI(SH:600894)2017-04-27 16:00Financial Performance - Operating revenue for Q1 2017 was CNY 890,603,939.38, representing a 4.57% increase compared to CNY 851,715,871.31 in Q1 2016[5] - Net profit attributable to shareholders for Q1 2017 was CNY 97,009,391.95, a decrease of 12.45% from CNY 110,801,528.98 in Q1 2016[5] - The weighted average return on equity decreased by 0.31 percentage points to 1.40% in Q1 2017 from 1.71% in Q1 2016[5] - Total operating revenue for Q1 2017 reached ¥890,603,939.38, an increase of 4.3% compared to ¥851,715,871.31 in Q1 2016[26] - Total operating costs increased to ¥846,003,986.73, up 6.9% from ¥791,878,021.30 in the same period last year[26] - Net profit for Q1 2017 was ¥97,025,456.73, a decrease of 13.8% from ¥112,559,605.40 in Q1 2016[26] - Operating profit for Q1 2017 was ¥96,913,976.63, down 20.5% from ¥121,857,252.02 in Q1 2016[26] - The company reported a total comprehensive income of ¥54,044,161.80 for Q1 2017, significantly lower than ¥111,918,427.74 in Q1 2016[26] Cash Flow - Cash flow from operating activities for Q1 2017 was a net outflow of CNY 46,370,563.65, compared to a net outflow of CNY 95,296,350.01 in Q1 2016[5] - Cash inflow from operating activities showed a net outflow of ¥46,370,563.65, an improvement from a net outflow of ¥95,296,350.01 in Q1 2016[32] - The net cash flow from operating activities was negative at CNY -3,317,989.05, contrasting with a positive net cash flow of CNY 6,472,794.78 in the same period last year[34] - The cash inflow from investment activities significantly increased to CNY 211,276,250.00, compared to CNY 11,200,204.16 in Q1 2016, marking an increase of 1,786.77%[34] - The net cash flow from investment activities was CNY 211,196,298.22, a substantial improvement from a negative net cash flow of CNY -22,758,584.66 in Q1 2016[34] - The total cash and cash equivalents at the end of Q1 2017 were CNY 684,760,202.31, down from CNY 1,084,912,292.53 in Q1 2016[34] - The company reported a cash increase of CNY 207,878,309.17 in Q1 2017, compared to a decrease of CNY -16,285,789.88 in the same quarter of the previous year[34] Assets and Liabilities - Total assets as of March 31, 2017, were CNY 9,418,443,622.08, a decrease of 1.56% from CNY 9,567,368,360.79 at the end of 2016[5] - The company's total liabilities as of March 31, 2017, are 2,277,991,794.73 RMB, down from 2,480,352,592.65 RMB at the end of 2016[19] - The company's total equity as of March 31, 2017, stands at 7,140,451,827.35 RMB, slightly up from 7,087,015,768.14 RMB at the end of 2016[19] - The company's cash and cash equivalents as of March 31, 2017, are 2,554,969,431.02 RMB, compared to 2,650,364,946.87 RMB at the end of 2016[18] - The company's inventory increased to 543,170,952.24 RMB as of March 31, 2017, from 473,431,319.33 RMB at the end of 2016[18] - The company reported a total of 4,344,348,714.34 RMB in current assets as of March 31, 2017, a slight decrease from 4,387,041,156.21 RMB at the end of 2016[18] - The company’s long-term equity investments as of March 31, 2017, are valued at 2,508,845,645.48 RMB, an increase from 2,446,750,408.89 RMB at the end of 2016[18] Shareholder Information - The number of shareholders as of the report date was 34,096[8] - The largest shareholder, Guangzhou Guangri Group Co., Ltd., held 486,361,929 shares, representing 56.56% of total shares[9] Investment Activities - The company plans to invest no more than 500 million RMB in Chengdu Xinzhu Road & Bridge Machinery Co., Ltd., accounting for 5% of its total shares[15] - As of the reporting period, the company holds 32,268,492 shares of Xinzhu, representing 5% of its issued shares[15] - Total investment in the environmental energy-saving renovation project in Liupanshui reached ¥624 million, with direct payments to the company amounting to ¥616 million[13] - The company received a total of ¥430 million in payments related to the Liupanshui project as of the report date[13] - The financing construction contract for the 2014 backstreet renovation project is valued at ¥300 million, with financing costs calculated at 8%[14] - The repayment period for the financing costs is set at 5 years, with annual payments based on the actual project costs and financing[14] - The company is responsible for funding and repaying financing costs, while the construction partner is tasked with project execution[14] - The project has been completed and is currently undergoing final settlement audit[14] Employee Compensation - The company experienced a 58.82% decrease in payable employee compensation, reflecting payments made during the period[10] - The company paid CNY 4,194,889.57 to employees in Q1 2017, which is an increase of 46.06% from CNY 2,871,900.84 in Q1 2016[34] Financial Expenses - The company’s financial expenses showed a significant change, with a net income of CNY -3,474,279.06 in Q1 2017, compared to CNY -6,074,145.24 in Q1 2016, due to a decrease in interest income[11]