POWERCHINA Ltd(SH:601669)2016-04-29 16:00Financial Performance - Operating revenue for the period reached CNY 48.83 billion, a 12.54% increase year-on-year[6] - Net profit attributable to shareholders was CNY 1.62 billion, reflecting a 3.12% increase from the previous year[6] - Basic and diluted earnings per share were both CNY 0.1176, an increase of 3.12% year-on-year[6] - Total operating revenue for Q1 2016 was CNY 48,869,531,367.25, an increase of 12.1% from CNY 43,388,846,591.71 in the previous year[32] - Operating profit for Q1 2016 reached CNY 2,034,071,188.77, up 6.4% from CNY 1,911,020,388.33 in the same period last year[32] - Net profit attributable to shareholders of the parent company was CNY 1,617,002,851.71, a slight increase from CNY 1,568,045,217.55 in Q1 2015[33] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 1.54 billion, a decrease of 444.46% compared to the same period last year[6] - The company reported a net cash outflow from operating activities of RMB -1.535 billion, a 444.46% increase in cash payments for goods and services[16] - Cash flow from operating activities shows a net outflow of -¥1,535,341,125.14, compared to -¥281,994,618.62 in the previous period, indicating a decline in cash generation[39] - Total cash inflow from operating activities reached CNY 46,360,315,372.50, up from CNY 23,881,194,887.72 year-over-year, indicating a growth of approximately 94.0%[42] - Cash outflow from operating activities was CNY 34,835,799,295.76, compared to CNY 24,375,106,143.85 in the previous year, reflecting an increase of about 42.9%[42] Assets and Liabilities - Total assets increased by 4.42% to CNY 423.02 billion compared to the end of the previous year[6] - Current assets increased to CNY 249.15 billion from CNY 238.09 billion, a growth of approximately 4.4%[21] - Total liabilities amounted to CNY 348.17 billion, up from CNY 335.39 billion, indicating a rise of approximately 3.3%[23] - Non-current assets totaled CNY 173.87 billion, increasing from CNY 167.01 billion, a growth of about 4.1%[22] - The company's current liabilities decreased by 37.41% to RMB 8.812 billion due to the collection of receivables from projects due within one year[16] Shareholder Information - The number of shareholders reached 377,877 by the end of the reporting period[10] - The largest shareholder, China Power Construction Group Co., Ltd., held 77.32% of the shares[10] - The company’s minority shareholder profit increased by 37.67% to RMB 93.991 million, driven by higher profits from the controlling company[16] Contracts and Business Operations - The company signed a total of 1,647 new contracts during the reporting period, with a total contract value of RMB 122.458 billion, representing 34.63% of the annual target and an increase of 89.43% year-on-year[16] - Domestic new contracts amounted to 1,594, with a value of RMB 75.197 billion, up 33.20% year-on-year; international contracts totaled 53, valued at RMB 47.261 billion, a significant increase of 476.92%[16] Impairment and Expenses - The company’s asset impairment losses surged by 2,441.07% to RMB 10.736 million, due to provisions for impairment on specific construction projects[16] - The company’s management expenses increased to ¥75,651,439.21 from ¥69,124,833.67 in the previous period, reflecting higher operational costs[36] Compliance and Risk Management - The company is committed to adhering to legal regulations and previously made commitments, ensuring transparency and accountability in its operations[18] - The company’s total assets and liabilities are subject to significant changes, with a focus on managing financial risks and ensuring compliance with commitments made by major shareholders[18]