LJRB(SH:600853)2017-04-28 16:00Financial Performance - Operating revenue decreased by 1.49% to CNY 742,143,093.99 year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 6,177,752.67, an improvement from a loss of CNY 11,906,286.21 in the same period last year[6] - The company reported a decrease in net profit margin, reflecting ongoing challenges in the market[6] - Net profit attributable to the parent company improved by 5.728 million compared to the previous year, mainly due to increased profits from subsidiaries[16] - Net loss for Q1 2017 was CNY 11,376,622.47, compared to a net loss of CNY 12,340,982.51 in Q1 2016, indicating an improvement[30] - The net profit for Q1 2017 reached CNY 8,866,121.06, compared to CNY 8,289,527.73 in the same period last year, indicating an increase of about 7%[34] Assets and Liabilities - Total assets increased by 4.28% to CNY 9,865,413,547.26 compared to the end of the previous year[6] - The company's total assets increased to CNY 6,534,618,709.45 from CNY 5,801,259,164.90, reflecting a growth of approximately 12.6%[28] - Current assets totaled CNY 4,452,893,167.83, up from CNY 3,817,908,399.64, representing a 16.6% increase[28] - The company's current liabilities increased to RMB 6,567,982,387.93 from RMB 6,448,193,552.94, indicating a rise of about 1.94%[23] - Long-term borrowings rose to RMB 2,358,141,900.72 from RMB 2,096,549,359.82, representing an increase of approximately 12.48%[23] - The company's total liabilities reached RMB 9,026,823,908.09, up from RMB 8,625,472,532.20, marking an increase of about 4.66%[23] Cash Flow - Cash flow from operating activities was negative at CNY -573,448,723.38, compared to CNY -566,067,177.19 in the previous year[6] - Cash flow from operating activities showed a net outflow of 57.345 million, with cash payments to employees increasing by 140.82%[15] - Operating cash inflow for Q1 2017 was CNY 1,218,144,583.93, up from CNY 1,164,314,559.09 in Q1 2016, reflecting a growth of approximately 4.6%[37] - The net cash flow from operating activities was negative at CNY -573,448,723.38, slightly worse than the previous year's negative cash flow of CNY -566,067,177.19[37] - The company reported a net cash flow from financing activities of CNY 649,028,605.16, up from CNY 194,497,177.09 in the same period last year, showing a strong improvement in financing[38] Shareholder Information - The largest shareholder, Heilongjiang Construction Group Co., Ltd., holds 33.34% of shares, with 89,489,881 shares pledged[11] - The company is in the process of a non-public stock issuance, with approval from the relevant government authority received[17] Future Outlook - Future outlook includes potential strategies for market expansion and new product development, although specific details were not disclosed in the report[6] Other Financial Metrics - The weighted average return on equity improved by 0.5731 percentage points to -0.7992%[6] - Basic and diluted earnings per share were both CNY -0.0115, showing no improvement from the previous year[6] - Prepayments increased by 187.29% compared to the previous year, primarily due to new projects and significant material and construction payments[12] - Other current assets rose by 62.24%, mainly due to VAT receivables related to ongoing projects[13] - Short-term borrowings increased by 39.03%, driven by higher working capital needs and funding for project guarantees[14] - The company reported a cash balance of RMB 1,160,303,676.70 as of March 31, 2017, compared to RMB 1,070,215,042.83 at the beginning of the year, reflecting an increase of approximately 8.43%[21] - The total operating expenses for Q1 2017 were CNY 1,791,593,307.31, compared to CNY 1,730,381,736.28 in Q1 2016, reflecting an increase of approximately 3.5%[37]