2017-04-28 16:00Financial Performance - Operating revenue for the period was CNY 123,065,019, reflecting a growth of 3.70% year-on-year[9] - Net profit attributable to shareholders was CNY 2,878,644, marking an increase of 11.93% compared to the same period last year[9] - Basic earnings per share increased to CNY 0.212, up 12.17% from CNY 0.189 in the previous year[9] - Total operating revenue for Q1 2017 was 2,663,461 thousand RMB, a significant increase from 906,115 thousand RMB in the same period last year, representing a growth of approximately 194%[41] - Net profit for Q1 2017 reached 2,998,500 thousand RMB, compared to 2,686,797 thousand RMB in Q1 2016, marking an increase of about 11.6%[40] - The total profit for Q1 2017 was 3,845,121 thousand RMB, compared to 3,432,044 thousand RMB in Q1 2016, reflecting an increase of approximately 12.1%[39] - The total comprehensive income for Q1 2017 was 2,937,234 thousand RMB, compared to 2,288,310 thousand RMB in Q1 2016, indicating an increase of approximately 28.5%[40] Cash Flow - The net cash flow from operating activities was CNY -19,572,435, indicating a significant decline from CNY -10,860,188 in the previous year[9] - The net cash flow from operating activities for Q1 2017 was -CNY 1,881,067 thousand, worsening from -CNY 1,153,796 thousand year-over-year[47] - Operating cash inflow for Q1 2017 was CNY 9,600,192 thousand, an increase from CNY 8,400,350 thousand in the previous year, representing a growth of approximately 14.3%[47] - Cash flow from sales of goods and services was CNY 5,910,750 thousand, a significant increase from CNY 2,091,134 thousand year-over-year, reflecting a growth of approximately 182.5%[47] - The company paid CNY 72,071 thousand in dividends and interest, down from CNY 301,538 thousand in the previous year, indicating a reduction of approximately 76.1%[48] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 774,765,464, an increase of 2.03% compared to the end of the previous year[9] - Current assets totaled CNY 617,216,654, up from CNY 611,300,312, indicating a rise of about 1.5%[31] - Total liabilities rose to CNY 623,430,526 from CNY 610,629,048, marking an increase of around 2.6%[33] - Current liabilities decreased slightly to CNY 494,313,390 from CNY 490,999,334, showing a marginal increase of about 0.6%[32] - Long-term borrowings increased to CNY 79,504,605 from CNY 69,032,432, representing a rise of approximately 15.5%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 315,032[12] - The largest shareholder, China Railway Construction Corporation, held 55.73% of the shares[12] - The company's equity attributable to shareholders rose to CNY 134,001,675 from CNY 131,187,072, reflecting an increase of about 2.2%[33] Investment and Contracts - The total amount of new contracts signed by the group during the reporting period was CNY 261.6085 billion, representing 19.82% of the annual plan and a year-on-year increase of 45.96%[16] - The total amount of uncompleted contracts as of March 31, 2017, reached CNY 1,987.7773 billion, a year-on-year increase of 9.76%[16] - The engineering contracting segment signed new contracts worth CNY 218.1648 billion, accounting for 83.39% of the total new contracts, with a year-on-year growth of 47.34%[17] - The non-engineering contracting segment signed new contracts worth CNY 43.4437 billion, accounting for 16.61% of the total new contracts, with a year-on-year growth of 39.42%[18] - The real estate development business signed new contracts worth CNY 12.7225 billion, a year-on-year increase of 73.85%, driven by strong sales in first- and second-tier cities[19] Financial Expenses and Tax - Financial expenses for the reporting period were CNY 563,297 thousand, a decrease of 31.22% compared to CNY 819,005 thousand in the same period last year, mainly due to increased interest income[15] - Tax and additional charges for the reporting period were CNY 758,824, a decrease of 75.05% compared to CNY 3,041,891 in the same period last year, primarily due to the impact of the "VAT reform"[14] Audit and Agreements - The company plans to change its external audit firm to Deloitte Huayong, with audit fees for the 2017 annual report set at CNY 25.38 million[24] - The company has signed a new service framework agreement with China Railway Construction Financial Leasing Co., with the effective period from January 1, 2017, to December 31, 2019[27]