SMEIC(SH:600835)2017-04-20 16:00Financial Performance - Net profit attributable to shareholders rose by 8.95% to CNY 238,991,845.15 year-on-year[8] - Operating revenue increased by 0.51% to CNY 3,794,547,830.43 compared to the same period last year[8] - Basic earnings per share increased by 9.52% to CNY 0.23[8] - The company's net profit for Q1 2017 was CNY 391.72 million, an increase of 5.4% compared to CNY 371.69 million in the same period last year[24] - The basic and diluted earnings per share for Q1 2017 were both CNY 0.23, compared to CNY 0.21 in Q1 2016, reflecting a growth of 9.5%[25] - The total comprehensive income for Q1 2017 was CNY 400.51 million, an increase of 14.4% from CNY 350.14 million in the previous year[25] Assets and Liabilities - Total assets increased by 3.32% to CNY 32,796,133,092.94 compared to the end of the previous year[8] - Total liabilities amounted to CNY 20,804,711,733.25, an increase from CNY 20,150,576,971.08, indicating a rise of about 3.2%[17] - Owner's equity totaled CNY 11,991,421,359.69, compared to CNY 11,590,462,217.71 at the beginning of the year, representing an increase of approximately 3.5%[17] - Non-current assets totaled CNY 4,957,879,063.20, showing a marginal increase from CNY 4,943,342,807.53 at the beginning of the year[16] - Total assets reached CNY 32,796,133,092.94, up from CNY 31,741,039,188.79 at the start of the year, reflecting a growth of approximately 3.3%[16] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 277,228,251.39, compared to a net inflow of CNY 319,139,035.18 in the previous year[8] - The company reported a cash inflow from operating activities of CNY 5.27 billion, up from CNY 4.95 billion in Q1 2016, indicating a growth of 6.5%[31] - The total cash outflow from operating activities was 5,546,324,352.63 RMB, compared to 4,631,062,574.22 RMB in the same period last year, reflecting an increase of approximately 19.8%[32] - The net cash flow from investment activities was 33,885,094.50 RMB, a recovery from -293,919,666.02 RMB in the previous year, showing a positive turnaround in investment performance[32] - Cash and cash equivalents at the end of the period totaled 5,658,883,154.25 RMB, down from 5,905,273,633.87 RMB at the beginning of the period, representing a decrease of about 4.2%[33] Shareholder Information - The total number of shareholders reached 64,320 at the end of the reporting period[10] - The largest shareholder, Shanghai Electric Group Co., Ltd., holds 47.35% of the shares[10] Operating Costs and Income - Total operating costs for Q1 2017 were CNY 3,414,258,723.12, compared to CNY 3,403,322,803.06 in the same period last year, indicating a slight increase[23] - The company reported a significant reduction in operating costs, which decreased from CNY 518.68 million to CNY 263.42 million, a drop of 49.1%[27] - The company reported a total of CNY 5,582,598.85 in non-operating income and expenses during the period[9] - Investment income increased to CNY 66.60 million in Q1 2017, up from CNY 51.53 million in Q1 2016, marking a growth of 29.2%[24] Financial Management - The weighted average return on equity decreased by 0.11 percentage points to 2.56%[8] - The company reported a decrease in accounts payable from CNY 1,792,884,979.69 to CNY 1,825,105,436.01, reflecting a change of approximately 1.8%[16] - Deferred tax assets decreased from CNY 202,660,912.94 to CNY 194,442,775.68, indicating a decline of about 4.9%[16] - The company’s retained earnings increased from CNY 4,706,636,692.16 to CNY 4,945,628,537.31, showing a growth of approximately 5.1%[17] - The company experienced a tax expense of CNY 57.08 million in Q1 2017, slightly down from CNY 57.33 million in the same period last year[24] - Other comprehensive income after tax for Q1 2017 was CNY 8.80 million, a recovery from a loss of CNY 21.55 million in Q1 2016[24] - The company’s financial expenses improved, showing a reduction from CNY -69.29 million to CNY -47.62 million, indicating a positive change in financial management[24]