2018-04-25 16:00Financial Performance - Operating revenue for the period was CNY 2,032,943,718.82, a decrease of 17.05% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 62,726,006.30, representing a decline of 140.14% compared to the same period last year[7] - Basic and diluted earnings per share were both CNY -0.0048645, down 140.14% from CNY 0.0121183 in the same period last year[7] - The net profit for Q1 2018 was a loss of ¥38,689,896.55, compared to a profit of ¥176,171,788.16 in Q1 2017, indicating a significant decline[49] - The company's total profit for Q1 2018 was a loss of CNY 81.44 million, down from a profit of CNY 124.60 million in the previous year[53] - The net profit for Q1 2018 was a loss of CNY 48.15 million, compared to a profit of CNY 120.90 million in the same period last year, indicating a significant decline[53] - The company reported a comprehensive income total of -¥52,362,021.63 for Q1 2018, compared to ¥172,194,673.82 in the previous year[50] Cash Flow - Net cash flow from operating activities increased by 335.04% to CNY 108,882,135.70 compared to the previous year[7] - The group's net cash inflow from operating activities for Q1 2018 was RMB 108,882,135.70, an increase of 335.04% year-on-year, mainly due to a reduction in agency business payments[30] - The cash flow from operating activities generated a net inflow of CNY 108.88 million, a recovery from a net outflow of CNY 46.32 million in the same period last year[55] - The company reported a significant decrease in cash received from sales of goods and services, totaling CNY 1.85 billion, compared to CNY 2.65 billion in the previous year, a decline of approximately 30.2%[55] - The cash outflow for investing activities was CNY 349.34 million, a decrease from CNY 1.14 billion in the previous year, indicating a reduction in investment expenditures[56] - The cash flow from financing activities showed a net outflow of CNY 1.30 billion, compared to a net inflow of CNY 983.50 million in the previous year, reflecting a shift in financing strategy[56] Assets and Liabilities - Total assets decreased by 4.31% to CNY 35,007,887,899.49 compared to the end of the previous year[7] - The company's total assets as of March 31, 2018, were approximately 35.01 billion yuan, down from 36.59 billion yuan at the beginning of the year[42] - Current assets decreased from approximately 10.44 billion yuan to 9.03 billion yuan, with cash and cash equivalents dropping from 7.51 billion yuan to 6.19 billion yuan[41] - Total liabilities decreased from approximately 15.97 billion yuan to 14.45 billion yuan, with current liabilities also declining from 9.19 billion yuan to 8.27 billion yuan[43] - The total liabilities decreased to ¥9,817,533,127.11 from ¥9,862,160,853.38, showing a reduction of about 0.5%[46] - The company's equity totaled ¥18,084,876,147.50, down from ¥18,127,967,806.10, reflecting a decrease of approximately 0.2%[46] Shareholder Information - The number of shareholders at the end of the reporting period was 201,663[12] - The largest shareholder, Dalian Port Group Co., Ltd., held 41.18% of the shares[12] Operational Highlights - In Q1 2018, the throughput of oil/liquid chemical terminals decreased by 25.2% year-on-year to 1,289.1 million tons[37] - Container terminal throughput at Dalian port increased by 1.1% year-on-year to 219.3 million TEU, while other ports saw a significant increase of 21.5% to 33.3 million TEU[37] - The automobile terminal's throughput rose by 16.3% year-on-year, reaching 169,416 vehicles, solidifying its position as a distribution center for domestic water transport in Northeast China[38] - The ore terminal throughput surged by 96.1% year-on-year to 745.1 million tons, leveraging the "large ship + mixed ore" advantage[38] - The bulk cargo terminal saw a slight decline of 0.7% year-on-year, with throughput at 690.9 million tons, impacted by late project commencement[38] - The grain terminal's throughput decreased by 20.1% year-on-year to 129.1 million tons, affected by changes in the domestic grain market[38] - Passenger traffic at the passenger roll-on/roll-off terminal fell by 6.1% year-on-year to 74.1 million passengers, influenced by low-cost airline marketing and high-speed rail competition[39] Management Insights - The company has not disclosed any new product developments or market expansion strategies in this report[7] - The company’s management indicated a focus on improving operational efficiency and exploring new market opportunities in future quarters[53]