西部建设(002302) - 2017 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2017 was ¥2,277,266,224.15, representing a year-on-year increase of 19.34% compared to ¥1,908,253,288 in the same period last year[6] - The net profit attributable to shareholders of the listed company was -¥131,036,199.31, a significant decline of 265.05% from -¥35,895,841.52 in the previous year[6] - The basic earnings per share were -¥0.13, reflecting a decrease of 333.33% from -¥0.07 in the previous year[6] - Net profit for the first half of 2017 is expected to be a loss between -30 million to 0, compared to a profit of 77.15 million in the same period of 2016[16] - The company anticipates a decline in profit due to rising material and transportation costs in the first half of 2017[16] Cash Flow and Assets - The net cash flow from operating activities was -¥1,458,364,363.93, which is a decrease of 49.94% compared to -¥972,663,077.9 in the same period last year[6] - Total assets at the end of the reporting period were ¥13,628,465,456.37, down 3.68% from ¥14,149,669,121 at the end of the previous year[6] - The net assets attributable to shareholders of the listed company decreased by 2.99% to ¥4,151,290,629.36 from ¥4,279,029,940 at the end of the previous year[6] - Cash and cash equivalents decreased by 58.94% compared to the beginning of the year, primarily due to payments for goods[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 79,390[10] - The largest shareholder, China Construction Xinjiang Group Co., Ltd., holds 36.18% of the shares, totaling 373,436,134 shares[10] - The company did not engage in any repurchase transactions during the reporting period[11] Operational Changes - Accounts receivable notes decreased by 30.92% compared to the beginning of the year, mainly due to the maturity and cashing of receivable notes[14] - Prepaid accounts increased by 80.36% compared to the beginning of the year, primarily due to prepayments for goods[14] - Inventory increased by 33.19% compared to the beginning of the year, mainly due to increased procurement of raw materials[14] - Short-term borrowings increased by 178.90% compared to the beginning of the year, primarily due to new bank loans[14] Expenses and Income - Tax and additional fees increased by 68.04% year-on-year, mainly due to increased sales volume and changes in accounting subjects[14] - Sales expenses increased by 35.50% year-on-year, primarily due to increased sales service fees[14] - The company reported non-operating income of ¥2,930,573.12 from government subsidies, which is included in the non-recurring gains and losses[7] - Investment income decreased by 1915.33% year-on-year, mainly due to reduced investment income from joint ventures[14]