HHI(SH:601226)2017-04-24 16:00Financial Performance - Net profit attributable to shareholders was CNY -57,433,426.34, a decrease of 460.13% year-on-year[6] - Operating revenue fell by 26.23% to CNY 901,811,352.46 compared to the same period last year[6] - The net cash flow from operating activities was CNY -316,238,880.29, a decline of 45.01% year-on-year[6] - Basic earnings per share were CNY -0.0497, a decrease of 460.14% compared to the previous year[6] - The company reported a net profit of -¥5,743.34 million for Q1 2017, a significant decrease of 460.13% year-on-year[20] - Total operating revenue for Q1 2017 was CNY 901,811,352.46, a decrease of 26.2% compared to CNY 1,222,388,068.99 in the same period last year[29] - Net profit for Q1 2017 was a loss of CNY 57,382,072.34, compared to a profit of CNY 16,483,856.67 in Q1 2016[30] - The company reported a basic and diluted earnings per share of -0.0497 for Q1 2017, compared to 0.0138 in the previous year[30] Assets and Liabilities - Total assets decreased by 2.55% to CNY 7,671,857,924.93 compared to the end of the previous year[6] - The total assets as of March 31, 2017, were ¥7,671,857,924.93, down from ¥7,872,658,123.19 at the beginning of the year[24] - The company’s total assets decreased to CNY 6,466,348,606.03 from CNY 6,609,945,231.43 at the beginning of the year[27] - The total liabilities decreased to ¥4,225,629,229.89 from ¥4,369,523,869.11[25] - Total liabilities decreased to CNY 3,152,341,364.14 from CNY 3,227,093,155.38 at the beginning of the year[27] Cash Flow - Cash received from tax refunds increased by 50.99% to ¥1,554,115.00, attributed to higher tax refunds received during the reporting period[17] - Cash flow from operating activities showed a net outflow of CNY 316,238,880.29, worsening from a net outflow of CNY 218,076,067.08 in Q1 2016[33] - The company’s cash inflow from investment activities was CNY 447,984,100.27, compared to CNY 134,309,737.97 in the previous year[33] - Operating cash inflow for Q1 2017 was CNY 961,642,116.59, up from CNY 608,075,399.17 in the previous year, representing a growth of approximately 58%[36] - Net cash flow from operating activities was -CNY 291,554,761.32, compared to -CNY 90,917,480.62 in the same period last year, indicating a worsening cash flow situation[36] - Cash inflow from financing activities was CNY 400,000,000.00, up from CNY 300,000,000.00 in the previous year, reflecting a 33.33% increase[36] - The net increase in cash and cash equivalents for the period was CNY 163,359,780.76, compared to CNY 16,100,991.81 in the same period last year, indicating a substantial improvement[36] - The ending balance of cash and cash equivalents was CNY 935,721,288.91, up from CNY 612,344,180.39 year-over-year, representing a growth of approximately 52.8%[36] Shareholder Information - The number of shareholders reached 47,038 at the end of the reporting period[11] - The largest shareholder, China Huadian Corporation, holds 63.13% of the shares[11] Operational Changes - The company experienced a 59.53% reduction in financial expenses due to a decrease in interest-bearing liabilities[16] - The company is facing risks due to regulatory changes in the coal power sector, which may impact contract execution and new contract acquisition[21] - New contracts signed in Q1 2017 amounted to ¥12.95 billion, compared to ¥70.26 billion for the entire year of 2016[20] Inventory and Costs - The company’s inventory increased to ¥2,503,710,605.54 from ¥2,388,874,130.68, indicating a rise in stock levels[24] - Total operating costs for Q1 2017 were CNY 962,270,139.04, down from CNY 1,208,566,586.74, reflecting a reduction of 20.4%[29] - Cash paid for purchasing goods and services rose by 79.99% to ¥1,135,809,875.93, primarily due to increased payment progress for certain projects[17] - Cash paid for purchasing goods and services was CNY 1,048,664,404.42, significantly higher than CNY 497,210,925.03 in the previous year, reflecting a 110.5% increase[36]