BGE(SH:603588)2017-04-14 16:00Financial Performance - Operating revenue surged by 140.04% to CNY 280,958,819.35 year-on-year[6] - Net profit attributable to shareholders rose by 128.29% to CNY 3,343,352.28, compared to a loss in the same period last year[6] - Revenue for the reporting period was CNY 280.96 million, an increase of 140.04% year-on-year, driven by increased income from engineering contracting projects and consolidated income from acquired subsidiaries[18] - Net profit for the reporting period was CNY 7.58 million, a significant increase of 160.73% year-on-year, attributed to increased revenue scale and investment income from associated companies[21] - The company reported an operating profit of CNY 9,245,527.61 for Q1 2017, recovering from an operating loss of CNY 12,172,794.28 in the same quarter of the previous year[30] - The company reported a net profit of CNY 9,141,090.73 for Q1 2017, compared to a net loss of CNY 11,479,358.85 in the same quarter last year[30] - The company reported a total comprehensive income of CNY 7,575,996.74, compared to a loss of CNY 12,475,374.41 in the previous year, showing a turnaround in overall financial performance[31] Assets and Liabilities - Total assets increased by 10.88% to CNY 4,914,009,876.48 compared to the end of the previous year[6] - Total liabilities increased to CNY 2,708,312,344.73 from CNY 2,401,623,771.66, marking a rise of about 12.7%[28] - The total assets as of March 31, 2017, amounted to CNY 4,335,645,495.07, compared to CNY 4,034,045,847.02 at the beginning of the year, reflecting an increase of approximately 7.5%[28] - Cash and cash equivalents at the end of the reporting period were CNY 124.19 million, a decrease of 64.81% compared to the end of the previous year, primarily due to investments in subsidiaries and repayment of short-term financing bonds[16] - Cash and cash equivalents decreased to CNY 67,144,048.40 from CNY 298,277,992.58, a decline of approximately 77.5%[27] - Short-term borrowings rose by 104.06% to CNY 111,520.13 million, indicating increased leverage[14] - Long-term borrowings at the end of the reporting period were CNY 200.13 million, an increase of 33.42% compared to the end of the previous year, due to loans taken for acquisitions[19] Cash Flow - Cash flow from operating activities decreased by 74.46% to -CNY 141,385,847.89, indicating a significant cash outflow[6] - The net cash flow from operating activities for the reporting period was CNY -141.39 million, a decrease of 74.46% year-on-year, mainly due to reduced net cash flow from operating activities of acquired subsidiaries[20] - The net cash flow from investing activities for the reporting period was CNY -177.27 million, a decrease of 179.70% year-on-year, primarily due to increased expenditures on acquisitions and project investments[20] - The net cash flow from operating activities was negative at CNY -141,385,847.89, worsening from CNY -81,044,170.07 in the previous year, indicating increased cash outflows[38] - Total cash inflow from operating activities was 456,769,095.17 RMB, compared to 286,165,095.99 RMB in the previous period, representing a 59.7% increase[40] - Total cash outflow for operating activities was 501,176,232.90 RMB, compared to 358,486,518.44 RMB in the previous period, reflecting a 39.7% increase[41] Shareholder Information - The number of shareholders reached 16,842, with the top ten shareholders holding a significant portion of shares[10] Investments and Acquisitions - Goodwill increased by 402.22% to CNY 25,291.53 million, reflecting potential acquisitions or investments[14] - Goodwill at the end of the reporting period was CNY 252.92 million, an increase of 402.22% compared to the end of the previous year, resulting from acquisitions of subsidiaries[16] - Fixed assets at the end of the reporting period were CNY 295.17 million, an increase of 89.68% compared to the end of the previous year, primarily due to acquisitions of subsidiaries[16] - The company invested 248,120,000.00 RMB in capital expenditures, compared to 62,395,414.35 RMB in the previous period, marking a significant increase[41] Operational Costs - Total operating costs for Q1 2017 were CNY 277,628,758.49, up from CNY 132,626,035.45 in the previous year, indicating an increase of about 109.0%[30] - The gross profit margin improved, with operating costs at CNY 119,767,380.46, compared to CNY 66,922,966.37 in the previous year, indicating better cost management[33] - Management expenses rose to CNY 34,176,273.33 from CNY 30,361,679.19, reflecting higher operational costs[34] - The company incurred total sales expenses of CNY 12,258,301.46, which is an increase from CNY 10,463,208.60 in the same period last year[34] - The financial expenses increased significantly to CNY 13,815,441.46 from CNY 7,310,915.20, indicating rising interest or financing costs[34]