GZCBN(SH:600996)2018-04-26 16:00Financial Performance - Operating revenue rose by 42.82% to CNY 578,059,076.87 year-on-year, driven by increased basic viewing fees and project income[10] - Net profit attributable to shareholders increased by 5.96% to CNY 55,154,263.28 compared to the same period last year[6] - Total operating revenue for Q1 2018 was CNY 578,059,076.87, an increase of 42.7% compared to CNY 404,735,255.80 in the same period last year[20] - Net profit for Q1 2018 reached CNY 55,261,667.21, representing a 6.3% increase from CNY 51,772,276.62 in Q1 2017[22] - The company reported a total profit of CNY 54,931,495.06 for Q1 2018, slightly up from CNY 51,772,862.07 in the same quarter last year[22] - Total comprehensive income for the first quarter of 2018 was ¥55,910,797.03, compared to ¥53,290,850.39 in the previous year, reflecting an increase of approximately 4.9%[24] Assets and Liabilities - Total assets increased by 6.95% to CNY 9,119,382,890.58 compared to the end of the previous year[6] - The total current assets rose to CNY 2.62 billion, up from CNY 2.39 billion, reflecting an increase of approximately 10%[13] - The accounts receivable increased to CNY 1.06 billion, compared to CNY 946.9 million at the beginning of the year, marking a growth of about 11.9%[13] - The company's fixed assets reached CNY 3.44 billion, slightly up from CNY 3.43 billion, indicating a stable asset base[14] - The total liabilities increased to CNY 4.81 billion from CNY 4.27 billion, representing a growth of approximately 12.6%[15] - The company's retained earnings increased to CNY 1.43 billion from CNY 1.38 billion, showing a growth of approximately 3.5%[16] - The total equity of the company was CNY 4,264,391,910.50, up from CNY 4,208,481,113.47, indicating a growth of 1.3%[20] Cash Flow - Net cash flow from operating activities decreased by 304.83% to -CNY 17,829,997.78, indicating a significant cash outflow[6] - Cash inflow from operating activities was ¥564,270,900.66, up from ¥487,867,473.35, representing a growth of about 15.6% year-over-year[26] - Cash outflow from operating activities totaled ¥582,100,898.44, compared to ¥479,162,877.69 in the previous year, indicating an increase of approximately 21.5%[27] - Cash flow from investing activities was negative at -¥582,695,922.01, worsening from -¥252,759,110.45 year-over-year[30] - Cash flow from financing activities generated a net inflow of ¥628,287,618.62, compared to a net outflow of -¥202,238,499.99 in the previous year[28] - The ending cash and cash equivalents balance was ¥742,394,570.12, a decrease from ¥1,718,845,475.66 in the previous year[28] - The net increase in cash and cash equivalents for the quarter was ¥27,761,698.83, contrasting with a decrease of -¥446,293,014.78 in the previous year[28] Shareholder Information - The number of shareholders reached 55,624, indicating a stable shareholder base[9] - Basic and diluted earnings per share for Q1 2018 were both CNY 0.05, unchanged from the previous year[23] Borrowings and Financing - Short-term borrowings surged by 150% to CNY 1,050,000,000.00, reflecting increased operational financing needs[10] - The company's cash received from bank loans increased by 250% to CNY 630 million compared to CNY 180 million in the previous year[11] - The company's long-term borrowings remained stable at CNY 200,000,000.00, consistent with the previous year[20] - The company received government subsidies amounting to CNY 4,562,434.95, contributing to its non-operating income[7] - The company paid ¥3,429,081.38 in dividends and interest, compared to ¥1,972,666.66 in the previous year, reflecting an increase of approximately 73.7%[30] Expenses - The company reported a 72% increase in prepaid expenses, totaling CNY 75,525,283.96, primarily due to increased project construction costs[10] - Total operating costs for Q1 2018 were CNY 528,050,204.26, up 46% from CNY 361,891,177.05 year-over-year[20] - The company reported a significant increase in cash paid for the acquisition of fixed assets, which rose by 132% to CNY 586 million compared to CNY 252.8 million in the previous year[11]