CNCEC(SH:601117)2017-04-25 16:00Financial Performance - Net profit attributable to shareholders was approximately RMB 310.25 million, a decrease of 18.85% year-on-year[5]. - Operating revenue for the period was approximately RMB 10.51 billion, down 4.85% from the same period last year[5]. - Basic earnings per share decreased by 25% to RMB 0.06 from RMB 0.08 in the previous year[5]. - The company reported a significant decline in net profit and operating revenue, indicating potential challenges in the market[5]. - Net profit for Q1 2017 was CNY 391,230,569.15, an increase of 2.47% compared to CNY 383,282,894.25 in Q1 2016[25]. - The net profit attributable to shareholders of the parent company was CNY 310,252,491.64, a decrease of 18.83% from CNY 382,303,105.58 in the previous year[25]. - Earnings per share for Q1 2017 were CNY 0.06, down from CNY 0.08 in Q1 2016[26]. - Operating revenue for the current period is ¥95,431,977.05, a decrease of 68.7% compared to ¥304,888,294.77 in the previous period[28]. - Net profit for the current period is ¥12,262,652.90, a decrease of 11.0% from ¥13,761,352.94 in the previous period[29]. Cash Flow - The net cash flow from operating activities was approximately RMB -1.83 billion, compared to RMB -986.04 million in the previous year, which is not applicable for comparison[5]. - Operating cash flow net amount was negative at -¥1,826,480,107.44, compared to -¥986,038,173.61 in the previous year[11]. - Cash flow from operating activities shows a net outflow of ¥1,826,480,107.44, compared to a net outflow of ¥986,038,173.61 in the previous period[32]. - Cash flow from investment activities has a net outflow of ¥567,856,776.87, contrasting with a net inflow of ¥670,752,596.93 in the previous period[32]. - Cash flow from financing activities results in a net outflow of ¥115,619,633.41, compared to a net inflow of ¥561,377,430.79 in the previous period[33]. - The company did not receive any cash from borrowing or investment during the period, reflecting a lack of new financing sources[36]. - The cash flow from financing activities was entirely neutral, with no cash outflows recorded for debt repayment or dividend distribution[36]. - The company experienced a significant decrease in cash flow from investment activities, which may impact future growth and expansion plans[36]. - The cash and cash equivalents balance decreased by approximately 5.54% from the beginning to the end of the period[36]. Assets and Liabilities - Total assets at the end of the reporting period were approximately RMB 84.29 billion, an increase of 0.48% compared to the end of the previous year[5]. - Total assets increased to ¥84,289,462,498.02 from ¥83,884,173,155.73, reflecting growth in both current and non-current assets[17]. - Total liabilities increased slightly to ¥54,717,016,518.12 from ¥54,690,586,647.95, with current liabilities accounting for a significant portion[18]. - Total equity rose to ¥29,572,445,979.90 from ¥29,193,586,507.78, indicating a positive trend in shareholder equity[18]. - Total liabilities for Q1 2017 were CNY 1,903,054,416.63, an increase from CNY 1,875,207,861.59 year-on-year[22]. - The company’s total equity increased to CNY 14,645,864,028.60 from CNY 14,633,601,375.70 year-on-year[22]. Shareholder Information - The total number of shareholders at the end of the reporting period was 107,167[9]. - The largest shareholder, China Chemical Engineering Group Corporation, held 64.62% of the shares[9]. Other Financial Metrics - The weighted average return on net assets decreased by 0.33 percentage points to 1.12%[5]. - Non-recurring gains and losses totaled approximately RMB 15.44 million for the period[8]. - Cash and cash equivalents decreased by 10.03% to ¥19,209,707,189.47 from ¥21,350,810,140.79, primarily due to increased prepayments for projects[11]. - Accounts receivable increased by 26.94% to ¥3,484,825,765.19 from ¥2,745,334,315.41, mainly due to owners paying project funds using bank acceptance bills[11]. - Prepaid expenses rose by 18.22% to ¥7,822,002,610.92 from ¥6,616,303,410.61, attributed to increased prepayments for subcontracting and equipment procurement[11]. - Other receivables increased by 24.27% to ¥3,443,496,908.48 from ¥2,770,958,661.30, mainly due to increased project guarantees from certain subsidiaries[11]. - The company recorded an investment income of CNY 19,161,990.61, down from CNY 50,954,004.31 in the same period last year[25]. - Investment income for the current period is ¥11,382,942.95, down 72.0% from ¥40,572,414.98 in the previous period[28]. - The company reported a decrease in management expenses to ¥34,892,217.76 from ¥38,265,250.83 in the previous period, reflecting a reduction of 9.8%[28].