CSCEC(SH:601668)2014-04-29 16:00Financial Performance - Operating revenue for Q1 2014 reached CNY 163,946,070,000, representing a 29.4% increase from CNY 126,684,839,000 in Q1 2013[5] - Net profit attributable to shareholders increased by 29.6% to CNY 4,625,925,000, up from CNY 3,568,923,000 in the same period last year[5] - Basic earnings per share rose by 25.0% to CNY 0.15, compared to CNY 0.12 in Q1 2013[5] - The gross profit for the same period was CNY 18.4 billion, reflecting a growth of 21.2%, with a gross margin of 11.2%, down by 0.8 percentage points[12] - The company reported a gross profit margin of approximately 20.5% for Q1 2014, compared to 15.5% in the same quarter last year[25] - The total comprehensive income for Q1 2014 was CNY 6,530,109, compared to CNY 4,857,109 in the same period last year, reflecting a growth of 34.5%[25] Assets and Liabilities - Total assets increased by 2.6% to CNY 804,360,854,000 as of March 31, 2014, compared to CNY 783,821,101,000 at the beginning of the year[5] - Total liabilities as of March 31, 2014, were CNY 632,816,485, up from CNY 619,257,584 at the start of the year, an increase of 2.5%[24] - Cash and cash equivalents decreased to CNY 87,589,841 from CNY 123,400,695 at the beginning of the year, a decline of 29.1%[23] - Accounts receivable increased to CNY 88,587,063 from CNY 83,593,809, indicating a rise of 6.0%[23] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 37,738,414,000, worsening from a net outflow of CNY 16,042,520,000 in the previous year[5] - Operating cash flow for Q1 2014 showed a net outflow of (37,738,414) thousand RMB, compared to a net outflow of (16,042,520) thousand RMB in the previous year, indicating a worsening cash flow situation[29] - The company’s total cash inflow from operating activities was 186,581,661 thousand RMB, an increase of 40.7% from 132,533,438 thousand RMB in Q1 2013[29] Shareholder Information - The number of shareholders at the end of the reporting period was not disclosed, but the top ten unrestricted shareholders held a total of 19,990,782,070 shares[8] - The company continues to implement its share buyback plan, having repurchased a total of 136,081,344 shares during the reporting period[8] - The company proposed a cash dividend of CNY 1.43 per 10 shares, totaling CNY 4.29 billion, representing 21.03% of the net profit attributable to shareholders[21] Investments and Acquisitions - The company acquired a 92.5% stake in the US PLAZA Construction Company for USD 44.4 million, with the transaction approved by the US Foreign Investment Committee[14] - The company added approximately 6.76 million square meters to its land reserves, bringing the total land reserves to about 70.8 million square meters[12] - The company signed new construction contracts worth approximately CNY 269.6 billion, a growth of 25.6%, with building construction contracts at CNY 244.2 billion, up 30.2%[12] Financial Expenses - Financial expenses increased by 37.3% to CNY 821.6 million, primarily due to the expansion of the company's financing scale[12] - Short-term borrowings rose by 20.9% to CNY 26,337,871,000, driven by increased funding needs from subsidiaries[10]