西部建设(002302) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥2,999,607,958.50, representing a 31.72% increase compared to ¥2,277,266,224.15 in the same period last year[6] - The net profit attributable to shareholders was -¥122,361,277.01, a 6.62% improvement from -¥131,036,199.31 year-over-year[6] - The basic earnings per share improved to -¥0.10 from -¥0.13, reflecting a 23.08% increase[6] - The weighted average return on net assets was -1.96%, an improvement of 1.15% from -3.11% in the previous year[6] - Revenue increased by 31.72% year-on-year, attributed to an increase in sales scale[13] - Operating costs grew by 30.07% year-on-year, driven by increased sales and costs[13] - Tax expenses rose by 36.35% year-on-year, reflecting the growth in sales scale[13] - Investment income decreased by 82.30% year-on-year, primarily due to reduced investment income from joint ventures[13] - The company expects a net loss for the first half of 2018, with a projected net profit ranging from -900 to 0 million yuan[18] Cash Flow and Assets - The net cash flow from operating activities was -¥1,922,906,574.88, which is a 31.85% decline compared to -¥1,458,364,363.93 in the previous year[6] - Cash and cash equivalents decreased by 40.11% compared to the beginning of the year, primarily due to payments for goods[13] - Prepaid accounts increased by 61.68% compared to the beginning of the year, mainly due to increased payments for site rental and materials[13] - The total assets at the end of the reporting period were ¥17,526,435,858.86, down 3.83% from ¥18,224,128,523.43 at the end of the previous year[6] - The net assets attributable to shareholders decreased by 1.91% to ¥6,180,764,190.88 from ¥6,301,015,439.12[6] Shareholder Information - The company reported a total of 83,641 common shareholders at the end of the reporting period[9] - The largest shareholder, China Construction Xinjiang Group, holds 31.43% of the shares, totaling 396,731,588 shares[9] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[10] Impairment and Losses - Asset impairment losses surged by 159.16% year-on-year, mainly due to an increase in receivables[13] - Cash received from sales of goods and services increased by 47.96% year-on-year, indicating improved cash collection[13] Business Transactions - The company has engaged in deposit and settlement business with China Construction Financial Co., with a cumulative transaction amount of 230 million yuan during the reporting period[14]