SPNG(SZ:002267)2017-04-24 16:00Financial Performance - Operating revenue for Q1 2017 was CNY 2,661,613,444.82, an increase of 5.17% compared to CNY 2,530,663,661.63 in the same period last year[7]. - Net profit attributable to shareholders decreased by 35.52% to CNY 220,182,385.18 from CNY 341,469,369.40 year-on-year[7]. - Basic earnings per share fell by 35.53% to CNY 0.1980, compared to CNY 0.3071 in the same period last year[7]. - The net profit attributable to shareholders for the first half of 2017 is expected to be between 21,137.91 and 28,824.42 million CNY, representing a decrease of 25.00% to 45.00% compared to the same period in 2016, which was 38,432.56 million CNY[19][20]. - The decline in performance is primarily attributed to an increase in procurement costs and a decrease in transportation fees[20]. Cash Flow and Assets - Net cash flow from operating activities dropped by 55.00% to CNY 227,966,192.41, down from CNY 506,644,849.30 in the previous year[7]. - Cash flow from operating activities decreased by 55.00% to ¥227,966,192.41 as cash received from sales decreased compared to the previous period[16]. - Net cash flow from financing activities decreased by 88.25% to -¥95,466,760.52, due to reduced cash inflow from borrowings and repayments[16]. - Total assets increased by 3.81% to CNY 10,751,952,297.29 from CNY 10,357,456,451.30 at the end of the previous year[7]. - Net assets attributable to shareholders rose by 4.65% to CNY 5,570,068,564.84 from CNY 5,322,613,771.17 at the end of the previous year[7]. Liabilities and Expenses - Sales expenses rose by 48.68% to ¥2,962,129.43, attributed to increased market development costs[16]. - Interest payable increased by 57.24% to ¥49,421,905.79 due to accrued bond interest[16]. - Other current liabilities decreased by 75.19% to ¥25,351.46, due to a reduction in the expected write-off of VAT payable[16]. - Income tax expenses decreased by 35.66% to ¥38,788,513.04, attributed to a decrease in total profit compared to the same period last year[16]. - Long-term payables decreased by 50.58% to ¥51,556,917.59 due to payments made for finance lease rentals[16]. Shareholder Information - The top shareholder, Shaanxi Gas Group, holds 55.36% of the shares, totaling 615,650,588 shares[11]. - The company reported a total of 33,706 common shareholders at the end of the reporting period[11]. Other Information - Non-recurring gains and losses totaled CNY 1,082,465.73 for the reporting period[8]. - Accounts receivable increased by 106.41% to ¥845,541,795.82 due to higher gas sales volume and reduced cash receipts[16]. - Asset impairment losses surged by 335.03% to ¥24,897,177.63, reflecting an increase in bad debt provisions for accounts receivable[16]. - Other current assets decreased by 62.89% to ¥36,199,940.43, resulting from an increase in deductible VAT[16]. - There are no violations regarding external guarantees during the reporting period[21]. - There are no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[22]. - The company has not engaged in any research, communication, or interview activities during the reporting period[23]. - The company has committed to transferring all its shares in Weinan Natural Gas to Shaanxi Natural Gas within 12 months after obtaining approval from the China Securities Regulatory Commission[18].