SMEIC(SH:600835)2016-04-28 16:00Financial Performance - Operating revenue decreased by 9.06% to CNY 3,775,359,862.36 year-on-year[7] - Net profit attributable to shareholders increased by 54.26% to CNY 219,355,821.86 compared to the same period last year[7] - Basic earnings per share rose by 50.00% to CNY 0.21[7] - The company's net profit for Q1 2016 was CNY 371,691,227.14, an increase of 27.1% compared to CNY 292,387,550.98 in the same period last year[28] - Operating profit for Q1 2016 reached CNY 423,570,271.90, up 29.7% from CNY 326,451,148.15 in Q1 2015[28] - The total comprehensive income for Q1 2016 was CNY 350,136,757.76, compared to CNY 313,476,440.86 in the same quarter last year, indicating a growth of 11.7%[29] Cash Flow - Cash flow from operating activities improved significantly to CNY 319,139,035.18, compared to a negative cash flow of CNY 170,704,646.10 in the previous year[7] - The net cash flow from operating activities for Q1 2016 was ¥319,139,035.18, a significant improvement compared to a net outflow of ¥170,704,646.10 in the previous period[34] - Total cash inflow from investment activities was ¥67,416,209.88, while cash outflow was ¥361,335,875.90, resulting in a net cash flow from investment activities of -¥293,919,666.02[34] - Cash flow from financing activities showed a net outflow of -¥6,979,835.69, compared to -¥1,014,628.04 in the previous period[35] Assets and Liabilities - Total assets increased by 2.00% to CNY 30,448,597,827.85 compared to the end of the previous year[7] - Total liabilities amounted to CNY 19,612,362,742.24, an increase from CNY 19,366,248,695.96, representing a rise of 1.27%[21] - Owner's equity reached CNY 10,836,235,085.61, up from CNY 10,486,485,399.58, indicating a growth of 3.34%[21] - Non-current assets totaled CNY 4,284,009,098.29, a slight decrease from CNY 4,305,036,907.14 at the beginning of the year[24] Shareholder Information - The total number of shareholders reached 67,750 by the end of the reporting period[11] - The largest shareholder, Shanghai Electric Group, holds 47.35% of the shares[11] Expenses - Total operating costs for Q1 2016 were CNY 3,403,322,803.06, down 12.59% from CNY 3,894,644,025.30 in Q1 2015[27] - The company experienced a decrease in sales expenses, which were CNY 145,371,900.64 in Q1 2016, down from CNY 208,163,069.54 in the previous year, a reduction of 30.1%[28] - The company reported a decrease in management expenses to CNY 288,924,674.20 from CNY 382,675,273.57, a reduction of 24.6%[28] Other Income - Non-operating income totaled CNY 4,256,459.28, including government subsidies and other income[10] - Investment income for Q1 2016 was CNY 51,533,212.60, down from CNY 69,799,508.15 in Q1 2015, representing a decrease of 26.2%[28] Cash and Cash Equivalents - Cash and cash equivalents were CNY 2,076,347,330.64, slightly down from CNY 2,084,679,196.42 at the beginning of the year[23] - The total cash and cash equivalents at the end of Q1 2016 amounted to ¥4,477,120,187.73, an increase from ¥3,786,819,999.38 at the end of the previous period[35]