ZTGM(SH:603559)2017-04-26 16:00Financial Performance - Operating revenue increased by 1.64% to CNY 59,446,861.64 year-on-year[6] - Net profit attributable to shareholders decreased by 127.18% to a loss of CNY 308,665.55[6] - Basic and diluted earnings per share both decreased by 123.53% to CNY -0.004[6] - The operating profit for Q1 2017 was CNY 690,051.62, a decrease of 53.62% from CNY 1,487,960.74 in the previous year[23] - The net profit for Q1 2017 was a loss of CNY 308,665.55, compared to a profit of CNY 1,135,607.87 in the same quarter last year[23] - Earnings per share for Q1 2017 was -0.004 CNY, down from 0.017 CNY in the previous year[24] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -77,544,509.87, worsening from CNY -29,580,653.55 in the previous year[6] - Cash inflows from operating activities totaled CNY 91,646,146.84, a decrease of 19.43% from CNY 113,718,556.08 in the same period last year[29] - The net cash flow from operating activities was -77,681,359.64 RMB, compared to -29,093,468.99 RMB in the previous period, indicating a significant decline in operational cash flow[32] - The total cash outflow for operating activities was 168,523,595.19 RMB, compared to 142,646,579.84 RMB in the previous period, indicating increased operational expenses[32] Assets and Liabilities - Total assets decreased by 1.21% to CNY 777,983,210.74 compared to the end of the previous year[6] - The company’s non-current assets totaled RMB 80,164,161.69, down from RMB 81,390,248.87[16] - The company’s total liabilities decreased to RMB 262,426,683.11 from RMB 271,932,295.67, a decline of approximately 3.5%[17] - Total current liabilities decreased to RMB 258,330,101.58 from RMB 267,815,008.55, a reduction of about 3.5%[17] - The total liabilities as of the end of Q1 2017 were CNY 262,362,924.56, down from CNY 271,815,587.36 at the end of the previous quarter[21] Investments - Investment activities generated a net cash flow of CNY 97,423,249.80, a significant recovery from a negative cash flow in the previous year[10] - The company reported an investment income of CNY 900,000.00 in Q1 2017, with no investment income reported in the same period last year[23] - Total cash inflow from investment activities was 100,998,313.10 RMB, while cash outflow was 3,575,063.30 RMB, resulting in a net cash flow from investment activities of 97,423,249.80 RMB, a substantial improvement from -1,876,756.08 RMB in the previous period[32] Other Financial Metrics - The weighted average return on equity decreased by 115.79 percentage points to -0.06%[6] - Prepayments increased significantly by 750.16% to CNY 40,462,705.70 due to unfinished projects[10] - Other receivables rose by 101.04% to CNY 19,704,226.20, attributed to increased bid guarantees[10] - The company reported a 238.26% increase in taxes paid, totaling CNY 10,965,987.25, primarily due to prepayment of last year's income tax[10] - The company paid 10,900,283.34 RMB in taxes, significantly higher than 3,221,459.45 RMB in the previous period, reflecting increased tax obligations[32] - The company experienced an asset impairment loss of CNY 1,089,242.13 in Q1 2017, compared to CNY 299,328.51 in the previous year, indicating increased financial strain[23] Equity - The company's equity attributable to shareholders was RMB 515,556,527.63, slightly down from RMB 515,574,406.35[17] - Total equity increased slightly to CNY 515,613,810.36 from CNY 515,377,559.57 in the previous quarter[21] Cash and Cash Equivalents - Cash and cash equivalents increased to RMB 190,406,787.49 from RMB 172,621,672.56, reflecting a growth of approximately 10.7%[15] - The cash and cash equivalents at the end of the period increased to 184,646,076.84 RMB, up from 25,553,444.27 RMB in the previous period, reflecting a positive cash position[33] - The company’s cash and cash equivalents increased by 19,448,265.16 RMB during the period, contrasting with a decrease of 31,356,026.90 RMB in the previous period[33] Future Plans - The company plans to establish a wholly-owned subsidiary with an investment of RMB 30 million[11]