西部建设(002302) - 2016 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2016 was ¥1,908,253,288.74, representing a 24.00% increase compared to ¥1,538,895,724.98 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥35,895,841.52, which is a 62.03% improvement from a loss of ¥94,530,315.76 in the previous year[8]. - The net cash flow from operating activities was negative at ¥972,663,077.91, a decline of 67.29% compared to ¥-581,426,544.54 in the same period last year[8]. - The net profit attributable to shareholders for the first half of 2016 is expected to range from 60.82 million to 86.16 million yuan, representing a year-on-year increase of 20.00% to 70.00%[18]. - The company anticipates improved profitability due to expanded production capacity[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥12,052,379,285.38, down 4.01% from ¥12,556,220,750.58 at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 0.89% to ¥3,976,817,988.35 from ¥4,012,713,829.87 at the end of the previous year[8]. - Cash and cash equivalents decreased by 47.7% compared to the beginning of the year, primarily due to cash payments for goods[15]. - Accounts receivable decreased by 32.18% year-on-year, mainly due to the maturity and cashing of receivables[15]. - Prepayments increased by 50.82% compared to the beginning of the year, attributed to prepayments for goods[15]. - Other receivables increased by 107.55% year-on-year, mainly due to increased production standby funds and deposits[15]. - Construction in progress grew by 67.22% compared to the beginning of the year, driven by increased investments[15]. - Asset impairment losses increased by 343.46% year-on-year, primarily due to an increase in accounts receivable[15]. Shareholder Information - The company had a total of 27,185 common shareholders at the end of the reporting period[11]. - The largest shareholder, China Construction Xinjiang Group Co., Ltd., held 36.18% of the shares, amounting to 186,718,067 shares[11]. Tax and Expenses - Income tax expenses rose by 63.3% year-on-year, reflecting an increase in company profits[15]. Accounting Policies - There were no significant changes in the company's accounting policies or restatements of previous years' financial data[8]. - The company reported a total of ¥65,210.93 in non-recurring gains and losses during the reporting period[9]. Cash Flow and Investments - Cash paid for the acquisition of fixed assets decreased by 66.9% year-on-year, mainly due to reduced cash payments for fixed asset acquisitions[15].