CNECC(SH:601611)2018-04-26 16:00Financial Performance - Operating revenue increased by 10.38% to CNY 8.84 billion year-on-year[6] - Net profit attributable to shareholders increased by 17.82% to CNY 129.49 million[6] - Basic earnings per share rose by 25.00% to CNY 0.05[6] - The company reported a net profit of CNY 113.22 million after deducting non-recurring gains and losses, reflecting a 20.85% increase year-on-year[6] - Net profit for Q1 2018 reached CNY 162,774,744.97, up 10% from CNY 148,068,250.00 in Q1 2017[24] - Operating profit for the period was CNY 237,136,845.75, compared to CNY 198,951,502.66 in the previous year, reflecting a growth of 19.1%[24] - Basic and diluted earnings per share for Q1 2018 were both CNY 0.05, compared to CNY 0.04 in the same quarter last year[25] Asset and Liability Changes - Total assets decreased by 1.77% to CNY 76.66 billion compared to the end of the previous year[6] - Total liabilities decreased from ¥66,878,806,588.52 to ¥65,443,071,736.70, a decline of 2.14%[19] - The company's total equity decreased to CNY 6,394,624,277.86 from CNY 6,452,095,885.12 year-over-year[24] - The total liabilities as of the end of Q1 2018 amounted to CNY 2,482,461,717.59, slightly up from CNY 2,482,118,047.17 in the previous year[24] Cash Flow Analysis - Net cash flow from operating activities decreased by 12.45% to CNY -3.74 billion[6] - The cash inflow from operating activities for Q1 2018 was CNY 12,250,235,042.66, an increase of 35.8% compared to CNY 9,048,389,399.31 in the same period last year[29] - The net cash outflow from operating activities was CNY -3,738,050,714.21, worsening from CNY -3,324,220,501.42 year-over-year[29] - The cash inflow from investment activities was CNY 496,163,606.66, up from CNY 173,790,694.56 in Q1 2017[30] - The net cash outflow from investment activities was CNY -708,879,971.37, compared to CNY -435,860,993.68 in the previous year[30] - The cash inflow from financing activities totaled CNY 4,214,279,063.65, down from CNY 5,255,868,590.00 in Q1 2017[30] - The net cash inflow from financing activities was CNY 2,301,535,559.68, slightly down from CNY 2,322,667,342.06 year-over-year[30] - The total cash and cash equivalents at the end of the period were CNY 5,260,738,217.24, compared to CNY 4,297,179,114.47 at the end of Q1 2017[30] Shareholder Information - The total number of shareholders reached 139,074 at the end of the reporting period[11] - The largest shareholder, China Nuclear Engineering Group, holds 61.78% of the shares[11] Expense and Income Changes - Financial expenses increased by 57.79% to ¥202,926,800.53 due to an increase in interest-bearing liabilities[13] - Sales expenses increased by 35.02% to ¥18,854,158.01 driven by growth in trade and sales activities[13] - Investment income increased by 608.62% to ¥3,025,401.74 from PPP project investment returns[13] - Tax and additional charges rose by 45.85% to ¥37,500,096.56 due to increased accrued taxes[13] - Interest expenses surged by 479.78% to ¥8,697,834.27 due to increased deposits[13] Other Financial Metrics - The weighted average return on net assets increased by 0.1 percentage points to 1.38%[6] - Non-recurring gains and losses totaled CNY 16.27 million for the period[10] - Interest receivables decreased by 100% to ¥89,166.67 due to recoveries[13] - Interest payables decreased by 59.28% to ¥16,830,234.72 as a result of repayment[13] - Non-current liabilities due within one year increased by 48.78% to ¥704,690,000.00 due to reclassification adjustments[13] - The company reported an asset impairment loss of CNY -111,067,583.45, compared to CNY -76,559,352.18 in the previous year[24] - Other comprehensive income after tax was CNY -1,417,856.40, a decrease from CNY 82,536.43 in the same period last year[25] - The total liabilities and equity combined were CNY 8,877,085,995.45, down from CNY 8,934,213,932.29 year-over-year[24]