CSCEC(SH:601668)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 15.0% to CNY 8,144,599 thousand year-on-year[6] - Operating revenue rose by 15.0% to CNY 270,160,699 thousand compared to the same period last year[6] - Basic earnings per share increased by 12.5% to CNY 0.27 per share[6] - The company's net assets attributable to shareholders grew by 6.2% to CNY 228.1 billion compared to the beginning of the year[13] - Net profit for Q1 2018 was CNY 10,514,807, representing a growth of 15.0% from CNY 9,138,745 in Q1 2017[29] - Earnings per share for Q1 2018 were CNY 0.27, up from CNY 0.24 in the previous year, marking an increase of 12.5%[30] - The total comprehensive income for Q1 2018 was 2,156,567 thousand RMB, compared to 221,314 thousand RMB in the same period last year, reflecting a significant increase[32] Assets and Liabilities - Total assets increased by 4.5% to CNY 1,620,469,002 thousand compared to the end of the previous year[6] - The company's total assets increased to CNY 278,176,366, up from CNY 268,593,730 at the beginning of the year, reflecting a growth of 3.0%[27] - Current assets totaled CNY 108,101,462, an increase of 7.0% from CNY 100,909,804 at the start of the year[27] - The total liabilities rose to CNY 159,514,391, compared to CNY 158,088,322 at the beginning of the year, indicating a slight increase of 0.9%[27] - The company's cash and cash equivalents increased to CNY 22,791,443 from CNY 22,594,959, showing a growth of 0.9%[26] Cash Flow - Net cash flow from operating activities decreased by 33.6% to -CNY 89,250,881 thousand compared to the previous year[6] - The net cash flow from operating activities for Q1 2018 was -89,250,881 thousand RMB, compared to -66,792,361 thousand RMB in the same period last year, indicating a decline of approximately 33.6%[34] - Cash received from sales of goods and services was 291,752,300 thousand RMB, an increase of 14% from 255,888,313 thousand RMB in the previous year[34] - The net cash flow from investing activities was -8,001,037 thousand RMB, an improvement from -12,737,200 thousand RMB year-over-year[34] - Cash flow from financing activities generated a net inflow of 44,530,239 thousand RMB, compared to 10,885,393 thousand RMB in the previous year, marking a substantial increase[35] Shareholder Information - The total number of shareholders reached 588,040 by the end of the reporting period[7] - The largest shareholder, China State Construction Engineering Corporation, holds 56.26% of the shares[8] Business Operations - The company signed new contracts worth approximately CNY 538.3 billion, representing a 24.3% year-on-year increase[14] - The real estate business recorded contract sales of approximately CNY 66.8 billion, a 31.8% increase year-on-year, with a sales area of about 4.46 million square meters, up 28.5%[15] - The infrastructure business saw a revenue increase of 33.5% to CNY 55.8 billion, contributing to 20.7% of total revenue[13] - The company’s land reserve increased to approximately 98.9 million square meters, with new land acquisitions of about 9.45 million square meters[15] - The construction area completed was 22.68 million square meters, a decrease of 7.9% year-on-year[14] - The company successfully completed the Xiong'an Citizen Center project in just over three months, showcasing efficiency and quality[16] - The company continues to expand its international presence with projects like the new capital CBD in Egypt, contributing to the Belt and Road Initiative[16] Expenses - Management expenses increased by 20.1% to ¥6,245,239 from ¥5,199,305 due to business expansion and higher performance-related compensation[18] - Financial expenses rose by 17.9% to ¥1,604,571 from ¥1,361,073, driven by increased interest expenses from higher interest-bearing liabilities[18] Stock Repurchase - The company plans to repurchase and cancel 8,166,683 shares of unvested restricted stock as part of its capital reduction strategy[19] - The company is in the process of implementing a stock repurchase plan for 3.66 million shares at a price of ¥4.866 per share, pending shareholder approval[19]