GRI(SH:600894)2018-04-27 16:00Financial Performance - Operating revenue increased by 15.30% to CNY 1,026,868,795.60 in Q1 2018, up from CNY 890,603,939.38 in Q1 2017[5] - Net profit attributable to shareholders decreased by 78.92% to CNY 20,451,218.57 in Q1 2018, down from CNY 97,009,391.95 in Q1 2017[5] - Basic earnings per share fell by 78.90% to CNY 0.0238 in Q1 2018, compared to CNY 0.1128 in Q1 2017[5] - Total operating costs in Q1 2018 were CNY 1,042,903,232.20, compared to CNY 846,003,986.73 in Q1 2017, indicating an increase of about 23.2%[25] - Net profit for Q1 2018 was CNY 18,078,249.69, a significant decrease from CNY 97,025,456.73 in Q1 2017, reflecting a decline of approximately 81.4%[25] - The total comprehensive income for Q1 2018 was CNY 23,379,521.19, down from CNY 54,044,161.80 in Q1 2017, indicating a decrease of about 56.7%[25] - The company reported a total operating profit of CNY 18,057,607.63 in Q1 2018, a decrease from CNY 96,796,151.13 in Q1 2017, reflecting a decline of approximately 81.3%[25] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 65,697,589.46 in Q1 2018, compared to a net outflow of CNY 46,370,563.65 in Q1 2017[5] - The company reported a net cash outflow from operating activities of CNY -65,697,589.46 in Q1 2018, compared to CNY -46,370,563.65 in Q1 2017[29] - Operating cash flow for Q1 2018 was -3,206,494.78 RMB, slightly improved from -3,317,989.05 RMB in Q1 2017[30] - Cash inflow from operating activities totaled 3,133,095.49 RMB, down from 3,355,538.57 RMB year-over-year[30] - Cash outflow from operating activities was 6,339,590.27 RMB, compared to 6,673,527.62 RMB in the same period last year[30] - Net cash flow from investment activities was -12,495,614.02 RMB, a decline from a positive 211,196,298.22 RMB in the previous year[30] - The company reported a net decrease in cash and cash equivalents of -15,702,108.80 RMB, contrasting with an increase of 207,878,309.17 RMB in Q1 2017[30] - The ending balance of cash and cash equivalents was 416,520,142.61 RMB, down from 684,760,202.31 RMB year-over-year[30] Assets and Liabilities - Total assets decreased by 3.04% to CNY 8,919,254,658.50 as of March 31, 2018, compared to CNY 9,198,920,388.52 at the end of 2017[5] - Current liabilities decreased from ¥2,140,303,363.80 to ¥1,836,347,178.03, a reduction of about 14.19%[21] - Cash and cash equivalents decreased from ¥2,328,973,836.44 to ¥1,738,328,987.65, a decline of approximately 25.38%[20] - Total non-current assets decreased from ¥4,970,965,711.09 to ¥4,819,395,593.02, a decline of about 3.05%[20] - Total liabilities decreased from ¥2,169,793,434.32 to ¥1,865,349,148.00, a reduction of approximately 14.05%[21] - The company's equity attributable to shareholders increased from ¥6,815,399,858.76 to ¥6,842,467,332.03, an increase of about 0.40%[21] - The company’s total owner’s equity increased from ¥7,029,126,954.20 to ¥7,053,905,510.50, reflecting a growth of approximately 0.35%[21] Investment and Projects - The total investment in the environmental energy-saving renovation project in Liupanshui City was audited at 624 million yuan, with direct payments to the company amounting to 616 million yuan[13] - The company has received a total of 669,853,400 yuan in payments for the completed project, marking the conclusion of the contract[14] - The company has successfully completed all obligations under the environmental project contract and has received all corresponding payments[14] Future Outlook - The company expects a significant decline in net profit for the first half of 2018 compared to the same period last year, mainly due to a decrease in gross margin and reduced investment income from the associate Hitachi Elevator[15] - The company anticipates a continued decrease in gross margin for the first half of 2018 compared to the previous year[15]