CNCEC(SH:601117)2018-04-26 16:00Financial Performance - Total revenue for Q1 2018 reached RMB 14,918,582,978.43, an increase of 41.89% compared to RMB 10,514,555,391.10 in the same period last year[6] - Net profit attributable to shareholders was RMB 379,372,997.29, representing a growth of 28.68% from RMB 294,815,394.69 year-on-year[6] - Basic earnings per share rose to RMB 0.08, a 33.33% increase from RMB 0.06 in the previous year[6] - Total operating costs rose to ¥14,307,655,057.96, reflecting a 42.52% increase from ¥10,039,014,260.09 year-over-year[13] - The company reported a significant increase in financial expenses, which amounted to ¥342,903,030.74, up 245.73% from ¥99,181,487.33 in the previous year[13] - Net profit for Q1 2018 reached CNY 462,897,622.73, representing a 18.3% increase from CNY 391,230,569.15 in Q1 2017[24] - The company reported an operating profit of CNY 648,704,342.68, which is a 31.2% increase from CNY 494,575,875.70 in Q1 2017[24] Cash Flow - Cash flow from operating activities improved to -RMB 471,782,398.39, a significant reduction from -RMB 1,826,480,107.44 in the same period last year[6] - Cash flow from operating activities showed improvement, with a net outflow of ¥471,782,398.39, compared to a larger outflow of ¥1,826,480,107.44 in the same quarter last year[13] - Total cash inflow from operating activities was CNY 15.98 billion, up from CNY 12.01 billion year-on-year, marking an increase of 33.3%[30] - Cash flow from investing activities resulted in a net outflow of CNY 120.53 million, compared to a net outflow of CNY 567.86 million in the same period last year[30] - Cash flow from financing activities showed a net outflow of CNY 22.33 million, an improvement from a net outflow of CNY 115.62 million in Q1 2017[31] - The company reported a total cash and cash equivalents balance of CNY 21.17 billion at the end of Q1 2018, compared to CNY 18.30 billion at the end of Q1 2017, reflecting an increase of 10.3%[31] Assets and Liabilities - The company's total assets decreased by 0.52% to RMB 87,026,426,113.64 from RMB 87,481,328,742.71 at the end of the previous year[6] - Current liabilities decreased to ¥48,788,672,464.07 from ¥49,675,577,655.59 at the start of the year, indicating a reduction in short-term financial obligations[16] - The company's total equity attributable to shareholders increased to ¥28,754,926,138.06 from ¥28,343,670,171.46 at the beginning of the year[17] - Total liabilities increased to CNY 5,793,121,106.59, up from CNY 5,261,158,673.22, marking a rise of 10.1%[21] - The company's total equity decreased slightly to CNY 14,959,934,761.23 from CNY 15,017,005,616.57, a decline of 0.4%[21] Shareholder Information - The number of shareholders at the end of the reporting period was 95,140[10] - The largest shareholder, China Chemical Engineering Group Corporation, holds 64.62% of the shares[10] Inventory and Investments - The company’s inventory increased to ¥16,198,717,799.39, up from ¥15,891,215,817.82 at the start of the year, indicating a buildup of stock[15] - Investment income for Q1 2018 was CNY 21.54 million, up from CNY 11.38 million in the same period last year, representing an increase of 89.1%[26] - Management expenses decreased to CNY 27.54 million from CNY 34.89 million year-on-year, a reduction of 21.1%[26] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]