2015-04-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 2.77% to CNY 651,206,000 year-on-year[5] - Operating revenue rose by 2.44% to CNY 16,108,481,000 compared to the same period last year[5] - The company's diluted earnings per share decreased by 2.68% to CNY 0.0508[5] - Net profit for Q1 2015 reached 1,050,069 thousand RMB, slightly higher than 1,026,022 thousand RMB in Q1 2014, reflecting a growth of 2.3%[27] - Total revenue for Q1 2015 was CNY 5,100,714 thousand, a decrease of 22% compared to CNY 6,534,392 thousand in the same period last year[28] - Net profit for Q1 2015 was CNY 313,072 thousand, down 36% from CNY 490,994 thousand in Q1 2014[28] - Basic earnings per share for Q1 2015 were CNY 0.0508, slightly down from CNY 0.0522 in Q1 2014[28] - Total comprehensive income attributable to the parent company was CNY 837,999 thousand, up from CNY 650,844 thousand in the previous year[28] Assets and Liabilities - Total assets increased by 5.17% to CNY 150,967,228,000 compared to the end of the previous year[5] - As of March 31, 2015, the total assets of Shanghai Electric Group amounted to CNY 150,967,228,000, an increase from CNY 143,550,564,000 at the beginning of the year[18] - The total current liabilities decreased slightly to CNY 93,013,387,000 from CNY 93,298,172,000, a reduction of about 0.31%[19] - Long-term borrowings stood at CNY 826,398,000, down from CNY 853,644,000, showing a decrease of approximately 3.20%[19] - The total non-current liabilities increased to CNY 9,917,038,000 from CNY 4,827,324,000, reflecting a substantial rise of approximately 105.00%[19] - Total liabilities as of March 31, 2015, were 49,880,249 thousand RMB, up from 44,243,379 thousand RMB, which is an increase of 12.0%[24] Cash Flow - Net cash flow from operating activities was negative at CNY -3,702,345,000, compared to CNY -2,704,367,000 in the previous year[5] - Cash flow from investing activities decreased significantly by CNY 3,333,226,000 to CNY -526,041,000 compared to the previous period[10] - Operating cash flow for Q1 2015 was negative CNY 3,702,345 thousand, compared to negative CNY 2,704,367 thousand in the same period last year[32] - Investment activities generated a net cash outflow of CNY 526,041 thousand in Q1 2015, a significant decline from a net inflow of CNY 2,807,185 thousand in Q1 2014[32] - Financing activities generated a net cash inflow of CNY 5,009,982 thousand in Q1 2015, compared to a net outflow of CNY 860,864 thousand in Q1 2014[32] Shareholder Information - The number of shareholders reached 365,977 by the end of the reporting period[8] - The total equity attributable to shareholders of the parent company was 29,010,858 thousand RMB, up from 27,492,077 thousand RMB, indicating a growth of 5.5%[24] Government Support and Compliance - The company received government grants amounting to CNY 19,659,000, which are related to normal business operations[7] - The company has committed to avoiding competition with its controlling shareholder, Shanghai Electric Group, ensuring operational independence[12] - Shanghai Electric Group has pledged to assist in the registration of property rights for its subsidiaries, indicating a focus on compliance and operational integrity[12] Inventory and Receivables - Accounts receivable increased to CNY 29,185,574,000 from CNY 26,055,777,000, representing a rise of about 8.16%[18] - Inventory levels rose to CNY 27,540,696,000, compared to CNY 26,185,003,000, indicating an increase of approximately 5.17%[18] - The company’s inventory remained relatively stable, with a slight decrease from 256,666 thousand RMB to 255,210 thousand RMB, a change of -0.6%[22] Financial Expenses - The company reported a significant increase in financial expenses, increasing to 44,470 thousand RMB from -18,945 thousand RMB, indicating a significant change in financial costs[27]