Daqin Railway(SH:601006)2016-04-27 16:00Financial Performance - Operating revenue for the period was CNY 11.11 billion, down 19.93% year-on-year[7] - Net profit attributable to shareholders was CNY 2.05 billion, a decline of 44.71% compared to the same period last year[7] - The weighted average return on equity decreased by 1.91 percentage points to 2.28%[7] - Total operating revenue for Q1 2016 was CNY 11,112,711,644, a decrease of 20% compared to CNY 13,879,124,264 in the same period last year[24] - Net profit for Q1 2016 was CNY 2,045,246,096, a decline of 45% from CNY 3,717,090,622 in Q1 2015[25] - Earnings per share for Q1 2016 were CNY 0.14, compared to CNY 0.25 in the same quarter last year, representing a 44% decrease[25] - Total comprehensive income for the first quarter of 2016 was CNY 2,103,796,279, compared to CNY 4,075,102,719 in the same period last year[28] Cash Flow - The net cash flow from operating activities was negative CNY 302.64 million, a decrease of 111.36% year-on-year[7] - Cash received from sales and services was CNY 8.05 billion, down 36% year-on-year due to a decline in transportation revenue[12] - Cash inflow from operating activities was CNY 8,329,340,753, down 35.8% from CNY 12,940,265,702 in the previous year[30] - Cash flow from investing activities was negative CNY 1,661,221,592, slightly improved from negative CNY 1,815,477,254 in the previous year[31] - Cash flow from financing activities was negative CNY 45,654,481, compared to positive CNY 113,159,972 in the same period last year[31] - The ending balance of cash and cash equivalents was CNY 6,228,396,612, down from CNY 10,822,189,984 at the end of the previous year[31] - The company reported a significant increase in cash outflows for employee payments, totaling CNY 3,493,643,395, compared to CNY 3,471,164,896 in the previous year[30] - The company’s cash and cash equivalents decreased by CNY 2,009,513,133 during the quarter, indicating liquidity challenges[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 113.25 billion, a decrease of 1.13% compared to the end of the previous year[7] - The total current assets decreased from ¥15,869,564,177 to ¥14,522,943,206, a reduction of approximately 8.5%[17] - The company's total liabilities decreased from ¥23,938,225,853 to ¥20,595,813,370, a reduction of approximately 13.5%[18] - The total assets decreased from ¥114,548,785,063 to ¥113,251,618,676, a decline of about 1.1%[19] - The company's cash and cash equivalents decreased from ¥8,237,909,745 to ¥6,228,396,612, a drop of approximately 24.3%[16] - Total liabilities for Q1 2016 amounted to CNY 14,273,685,810, a decrease from CNY 17,932,556,859 in the previous quarter[23] - Owner's equity totaled CNY 92,017,565,774, an increase from CNY 89,913,769,495 in the previous quarter[23] Shareholder Information - The number of shareholders at the end of the reporting period was 190,216[11] - The largest shareholder, Taiyuan Railway Bureau, held 61.70% of the shares[11] Accounts Receivable and Management Expenses - Accounts receivable increased by 322% to CNY 1.75 billion due to an increase in accepted bills[12] - Management expenses decreased by 47% to CNY 123.78 million due to changes in accounting standards[12] - The company reported a decrease in management expenses from CNY 235,454,201 to CNY 123,777,207, a reduction of approximately 48%[24] Investment and Acquisitions - The company's cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets decreased by 51% to ¥907,778,517 compared to the previous period[13] - Cash received from borrowings was zero, indicating no long-term borrowings occurred during the period[13] - The company's long-term equity investments increased from ¥18,425,069,796 to ¥18,894,075,129, an increase of approximately 2.5%[17] - Investment income for Q1 2016 was CNY 469,005,333, an increase of 16% from CNY 404,080,000 in the previous year[25]