Daqin Railway(SH:601006)2017-04-26 16:00Financial Performance - Net profit attributable to shareholders rose by 53.87% to CNY 3.16 billion year-on-year[5] - Operating revenue grew by 12.04% to CNY 12.45 billion compared to the same period last year[5] - Basic and diluted earnings per share both increased by 50% to CNY 0.21 per share[5] - Net profit for Q1 2017 reached CNY 3,115,533,683, representing a significant increase of 52.2% from CNY 2,045,246,096 in Q1 2016[24] - The total profit for Q1 2017 was CNY 4,104,163,086, an increase from CNY 2,647,252,234 in the same period last year, representing a growth of approximately 55.1%[28] - The net profit for Q1 2017 reached CNY 3,245,706,570, compared to CNY 2,103,796,279 in Q1 2016, marking an increase of about 54.3%[28] - Earnings per share for Q1 2017 were CNY 0.21, compared to CNY 0.14 in the same quarter last year, marking a 50% increase[24] Cash Flow and Liquidity - Net cash flow from operating activities reached CNY 3.10 billion, a significant recovery from a negative cash flow of CNY 302.64 million in the previous year[5] - The net cash flow from operating activities for Q1 2017 was CNY 3,097,364,355, a significant recovery from a negative cash flow of CNY -302,637,060 in the same period last year[31] - Operating cash inflow for Q1 2017 was CNY 10,177,471,608, up from CNY 8,329,340,753 in Q1 2016, reflecting a growth of approximately 22.2%[31] - The cash flow from investing activities for Q1 2017 was negative at CNY -76,448,463, an improvement from CNY -1,661,221,592 in Q1 2016[31] - The cash flow from financing activities generated a net inflow of CNY 170,324,435 in Q1 2017, compared to a net outflow of CNY -45,654,481 in the same period last year[32] - The company reported a significant increase in cash received from sales of goods and services, totaling CNY 9,867,668,110 in Q1 2017, compared to CNY 8,050,420,519 in Q1 2016, which is an increase of about 22.6%[30] - The cash and cash equivalents at the end of Q1 2017 totaled CNY 14,829,480,833, compared to CNY 6,228,396,612 at the end of Q1 2016, indicating an increase of about 138.5%[32] Assets and Liabilities - Total assets increased by 3.42% to CNY 127.71 billion compared to the end of the previous year[5] - Total current assets as of March 31, 2017, reached CNY 26,004,059,532, up from CNY 22,110,036,803 at the beginning of the year[14] - The total liabilities as of March 31, 2017, were CNY 32,945,613,355, compared to CNY 31,908,773,362 at the beginning of the year[16] - The total assets as of March 31, 2017, amounted to CNY 127,705,640,240, an increase from CNY 123,483,133,490 at the beginning of the year[16] - Total liabilities for Q1 2017 were CNY 25,044,445,416, compared to CNY 24,357,570,576 in the same period last year, reflecting a growth of 2.8%[20] - The company's total equity as of March 31, 2017, was CNY 94,760,026,885, up from CNY 91,574,360,128 at the beginning of the year[16] - The company's total equity increased to CNY 94,193,695,075 in Q1 2017, up from CNY 90,877,861,519, representing a growth of 3.4%[20] Investment and Shareholder Information - Investment income increased by 47% to CNY 690.25 million, driven by higher net profit from Shuo Huang[10] - Investment income for Q1 2017 was CNY 690,251,292, up from CNY 469,005,333, indicating a year-over-year growth of 47.1%[23] - Investment income received amounted to CNY 1,247,984,179, representing a 371% increase due to dividends from Shuo Huang Company[11] - The total number of shareholders reached 166,525 by the end of the reporting period[9] Operational Highlights - The company plans to continue focusing on market expansion and new product development to sustain growth momentum in the upcoming quarters[20] - The company has changed its auditing firm to KPMG Huazhen after the previous auditor, PwC Zhongtian, provided services since the company was listed[12]