BGE(SH:603588)2016-04-15 16:00Financial Performance - Operating revenue rose by 71.50% to CNY 117,046,724.17 year-on-year[6] - Net profit attributable to shareholders decreased by 45.53% to CNY -11,816,693.49 compared to the same period last year[6] - The company reported a net loss of 12.48 million yuan for the reporting period, an improvement of 43.33% compared to a loss of 22.01 million yuan in the same period last year, driven by increased revenue and investment income[20] - Operating profit for the current period was reported at -¥12,172,794.28, an improvement compared to -¥21,948,183.04 in the previous period, indicating a reduction in losses by approximately 44%[33] - Net profit for the current period was -¥12,475,374.41, compared to -¥22,013,758.16 in the previous period, reflecting a decrease in losses by about 43.5%[34] Assets and Liabilities - Total assets increased by 5.55% to CNY 3,455,249,161.57 compared to the end of the previous year[6] - Total liabilities rose to CNY 1,611,930,290.01 from CNY 1,417,657,574.96, marking an increase of about 13.67%[29] - Current liabilities totaled CNY 1,508,021,601.69, compared to CNY 1,413,726,128.65, showing an increase of approximately 6.66%[29] - Owner's equity decreased slightly to CNY 1,843,318,871.56 from CNY 1,855,794,245.97, a decline of about 0.67%[30] Cash Flow - Cash flow from operating activities showed a slight decline of 2.32%, amounting to CNY -81,044,170.07[6] - The net cash flow from investing activities was -63.38 million yuan, a decrease of 1,652.79% year-on-year, primarily due to increased engineering expenditures for operational projects[22] - The net cash flow from financing activities was 202.81 million yuan, a 139.17% increase compared to the previous year, attributed to the successful issuance of short-term financing bonds in March 2016[22] - The total cash outflow from operating activities was 358,486,518.44 RMB, compared to 270,852,105.10 RMB in the same period last year, indicating increased operational expenses[41] - The company reported a net increase in cash and cash equivalents of 58,386,109.12 RMB, contrasting with a decrease of -600,542,160.69 RMB in the previous year[40] Shareholder Information - The total number of shareholders reached 9,409 at the end of the reporting period[9] - The largest shareholder, Li Weiguo, holds 22.56% of the shares, amounting to 36,454,493 shares[9] Inventory and Receivables - Accounts receivable at the end of the reporting period reached 29.25 million yuan, an increase of 37.74% compared to the end of the previous year, primarily due to payments received from customers via acceptance bills[12] - Prepayments at the end of the reporting period were 34.67 million yuan, up 30.34% year-on-year, mainly due to advance payments for construction and materials for ongoing projects[12] - Inventory increased to CNY 1,085,605,368.90 from CNY 1,050,527,777.65, reflecting a growth of approximately 3.34%[30] Government Support and Expenses - Government subsidies recognized in the current period amounted to CNY 240,687.92, related to normal business operations[7] - Sales expenses increased to ¥10,557,708.60 from ¥7,116,318.93, which is an increase of approximately 48.5%[33] - Management expenses decreased to ¥32,893,854.80 from ¥36,009,125.46, indicating a reduction of about 8.5%[33] - Financial expenses rose significantly to ¥2,723,893.96 from -¥2,270,472.95, reflecting a change in financial strategy or increased borrowing costs[33] Investment Activities - The total cash outflow for investment activities was 81,664,497.59 RMB, compared to 20,050,050.00 RMB in the previous year, indicating increased investment activity[42] - Investment income for the current period was reported at ¥3,406,517.00, with no prior period comparison available, indicating potential growth in investment activities[33]