CWPC(SZ:002630)2018-04-27 16:00Financial Performance - The company's operating revenue for Q1 2018 was ¥995,837,596.02, representing a 7.93% increase compared to ¥922,639,737.61 in the same period last year[9]. - The net profit attributable to shareholders was ¥18,529,406.82, a 1.76% increase from ¥18,208,630.52 year-on-year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,113,068.93, a significant decrease of 191.19% compared to ¥7,799,923.54 in the previous year[9]. - The net cash flow from operating activities improved by 52.68%, reaching -¥326,691,255.96, compared to -¥690,316,431.49 in the same period last year[9]. - The basic earnings per share for the period was ¥0.0251, a 1.62% increase from ¥0.0247 in the same period last year[9]. - The diluted earnings per share also stood at ¥0.0251, reflecting the same growth of 1.62% year-on-year[9]. - The weighted average return on equity decreased to 0.57% from 0.66% in the previous year[9]. - The estimated net profit attributable to shareholders for the first half of 2018 is projected to be between CNY 66.99 million and CNY 100.49 million, reflecting a decrease of 20% compared to the same period in 2017[23]. - The company reported a fair value loss of CNY 12.28 million on its financial assets during the reporting period[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥14,723,771,631.46, an increase of 3.19% from ¥14,269,134,477.00 at the end of the previous year[9]. - The net assets attributable to shareholders increased by 0.58% to ¥3,276,288,127.90 from ¥3,257,386,685.81 at the end of the previous year[9]. - Cash and cash equivalents decreased by 43.01% to approximately ¥580.32 million due to investments in construction projects[18]. - Other receivables decreased by 41.56% to approximately ¥276.96 million, primarily due to the return of deposits[18]. - Long-term borrowings decreased by 36.04% to approximately ¥1.12 billion, as the company repaid loans[18]. - Non-current liabilities due within one year increased by 309.95% to approximately ¥765.78 million, indicating an increase in long-term borrowings maturing within the year[18]. Investments and Projects - The company has signed significant contracts, including a €1.63 billion EPC project in West Africa, which is currently pending formal contract signing[19]. - The company is involved in various ongoing projects, including a PPP project in Yibin with an investment of approximately ¥231.62 million, which is currently in execution[20]. - The company plans to invest CNY 207 million to establish a joint venture for the Yibin PPP project with Yibin Wuxin Urban Construction Co., Ltd. and Sichuan Xingxing Construction Group Co., Ltd.[21]. - The company has committed to invest CNY 55 million in the Zigong Zhan New High-end Industry Investment Fund, with an initial payment of CNY 38.5 million already made[21]. - The company intends to increase its investment in Zigong Bank by up to CNY 350 million, with CNY 343.62 million already paid as part of the capital increase agreement[21]. - The company has also agreed to invest CNY 34.2 million in a joint venture for the Zigong Free Trade Zone PPP project, with CNY 22 million already contributed[21]. Operational Integrity - There were no violations regarding external guarantees during the reporting period[26]. - The company did not experience any non-operational fund occupation by controlling shareholders or related parties during the reporting period[27]. - The company engaged in multiple communication activities to discuss topics such as market orders, major contracts, and annual operations throughout the reporting period[28]. Employee and Tax Information - Employee compensation payable decreased by 80.18% to approximately ¥2.62 million, as last year's salary assessments were settled[18]. - Tax payable increased by 35.40% to approximately ¥56.50 million, due to accrued but unpaid taxes[18]. - Asset impairment losses rose by 108.20% to approximately ¥34.90 million, attributed to increased bad debt provisions[18].