CNECC(SH:601611)2017-04-27 16:00Financial Performance - Operating revenue for the period was ¥8.01 billion, representing a growth of 4.92% year-on-year[6] - Net profit attributable to shareholders was ¥93.68 million, a significant increase of 44.42% compared to the same period last year[6] - The company reported non-recurring gains of ¥16.22 million for the period[9] - Basic and diluted earnings per share remained at ¥0.04[6] - Total operating revenue for Q1 2017 was CNY 8,110,740,405.30, an increase from CNY 7,418,938,442.11 in the previous year, representing a growth of approximately 9.36%[33] - Net profit for Q1 2017 reached CNY 148,068,250.00, compared to CNY 116,585,345.24 in the same period last year, marking an increase of about 27.03%[28] - Operating profit for Q1 2017 was CNY 198,951,502.66, up from CNY 166,119,620.55 in the previous year, reflecting a growth of approximately 19.7%[27] - The total profit for Q1 2017 was CNY 210,583,779.19, compared to CNY 173,561,689.67 in the same period last year, indicating an increase of around 21.3%[27] Assets and Liabilities - Total assets at the end of the reporting period reached ¥67.81 billion, an increase of 1.72% compared to the end of the previous year[6] - The total current assets amounted to ¥55,227,621,581.71, up from ¥53,973,897,255.45 at the beginning of the year[18] - Current liabilities totaled CNY 52,243,039,179.63, a slight decrease from CNY 52,771,610,015.24, indicating a reduction of 1.0%[20] - Non-current liabilities rose to CNY 5,946,898,158.51 from CNY 4,443,038,558.13, marking an increase of 33.9%[20] - The total liabilities increased to CNY 58,189,937,338.14 from CNY 57,214,648,573.37, an increase of 1.7%[20] Cash Flow - The net cash flow from operating activities improved to -¥3.32 billion, a 24.94% reduction in losses compared to the previous year[6] - Operating cash inflow totaled CNY 9,048,389,399.31, an increase from CNY 7,119,275,270.50 in the previous period[34] - Operating cash outflow amounted to CNY 12,372,609,900.73, compared to CNY 11,548,156,266.11 last year[34] - Cash flow from investing activities showed a net outflow of CNY -435,860,993.68, compared to CNY -555,773,223.63 in the previous period[34] - Cash flow from financing activities generated a net inflow of CNY 2,322,667,342.06, up from CNY 1,196,410,333.25[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 158,153[11] - The largest shareholder, China Nuclear Engineering Group Corporation, holds 61.78% of the shares[11] Expenses and Income - Interest expenses decreased by 34.31% to ¥1,500,199.65 from ¥2,283,896.27 due to reduced interest expenses from the financial company[15] - Tax and additional charges dropped by 88.15% to ¥25,711,697.12 from ¥216,974,664.15, influenced by the "VAT reform" impact[15] - Sales expenses increased by 87.53% to ¥13,964,130.23 from ¥7,446,375.98, driven by an increase in trade and sales of goods[15] - Investment income decreased by 91.88% to ¥426,945.41 from ¥5,257,399.20 due to reduced investment income from joint ventures and associates[15] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[4] - The company's accounts receivable decreased by 30.04% to ¥785,623,374.39 from ¥1,123,033,439.08 due to the maturity of accepted bills[15] - Prepayments increased by 41.34% to ¥3,265,824,069.41 from ¥2,310,654,181.98, attributed to increased payments for downstream labor subcontracting and materials[15] - The company reported a significant increase in government subsidies, with operating income from non-operating activities rising by 64.51% to ¥22,109,648.85 from ¥13,439,438.82[15]