SGC(SH:601139)2015-04-22 16:00Financial Performance - Operating revenue decreased by 14.32% to CNY 1,875,298,030.36 year-on-year[5] - Net profit attributable to shareholders decreased by 15.78% to CNY 122,330,914.22 compared to the same period last year[5] - Basic earnings per share decreased by 14.29% to CNY 0.06 compared to the previous year[5] - The weighted average return on equity decreased by 0.64 percentage points to 2.23%[5] - Total operating revenue for Q1 2015 was CNY 1,875,298,030.36, a decrease of 14.3% from CNY 2,188,642,707.25 in the same period last year[31] - Net profit for Q1 2015 was CNY 106,790,723.38, a decline of 29.0% compared to CNY 150,278,251.87 in Q1 2014[32] - The profit attributable to the parent company's shareholders was CNY 122,330,914.22, down 15.7% from CNY 145,250,100.76 in the previous year[32] - Operating profit for Q1 2015 was CNY 159,219,019.95, a decrease of 18.5% from CNY 195,315,749.75 in the same period last year[32] Cash Flow - Net cash flow from operating activities was negative at CNY -79,479,312.82, a decrease of 134.82% year-on-year[5] - Operating cash inflow for the current period is CNY 1,989,418,134.49, down 21% from CNY 2,517,216,940.77 in the previous period[41] - Net cash flow from operating activities is negative CNY 79,479,312.82, compared to positive CNY 228,244,429.29 in the previous period[41] - Cash inflow from investment activities is CNY 1,183,195,792.15, significantly up from CNY 200,800.00 in the previous period[41] - Net cash flow from investment activities is negative CNY 299,071,150.59, an improvement from negative CNY 514,376,166.11 in the previous period[41] - Cash inflow from financing activities is CNY 3,428,156,030.43, up from CNY 909,551,321.20 in the previous period[42] - Net cash flow from financing activities is positive CNY 950,467,494.06, compared to negative CNY 177,729,901.08 in the previous period[42] - The net increase in cash and cash equivalents is CNY 571,917,030.65, a recovery from a decrease of CNY 463,861,637.90 in the previous period[42] - The ending balance of cash and cash equivalents is CNY 1,859,937,334.93, down from CNY 2,382,921,607.30 in the previous period[42] Assets and Liabilities - Total assets increased by 6.45% to CNY 14,117,519,329.97 compared to the end of the previous year[5] - Current assets increased to ¥4,152,118,595.82 from ¥3,679,369,250.74, representing a growth of approximately 12.9%[23] - Total liabilities increased to ¥8,248,612,692.88 from ¥7,495,089,804.17, indicating a rise of about 10.1%[25] - Total equity rose to CNY 5,237,425,922.92, an increase of 2.5% from CNY 5,108,691,552.28 in the previous year[32] - Total cash outflow for operating activities is CNY 2,068,897,447.31, down from CNY 2,288,972,511.48 in the previous period[41] Shareholder Information - The top shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 51.00% of shares[9] - Hong Kong and China Gas Company Limited is the second-largest shareholder with 16.66%[9] - The company's major shareholders have adhered to their commitments to avoid any form of competition with the company[19] Revenue Breakdown - Operating revenue decreased by 14.32% year-on-year to approximately CNY 1.88 billion, largely due to a significant drop in liquefied petroleum gas wholesale sales, which fell by 59.70% to CNY 251.51 million[14] - Natural gas sales revenue increased by 5.24% year-on-year to CNY 1.20 billion, with sales volume rising by 4.12% to 354 million cubic meters[14] Financial Expenses - Financial expenses increased by 52.83% year-on-year to approximately CNY 36 million, primarily due to an increase in borrowings[16] - The company incurred financial expenses of CNY 36,000,305.35, which increased from CNY 23,556,546.42 in Q1 2014[32] Non-Recurring Items - The company reported a non-recurring gain of CNY 2,285,035.23 for the period[7] - The company reported a significant increase in government subsidies, leading to a 154.52% rise in non-operating income to approximately CNY 3.46 million[16] Internal Control and Risk Management - The company plans to continue enhancing its internal control systems and has completed a major risk assessment for 2015[18]