SIPG(SH:600018)2019-04-29 16:00Financial Performance - Operating revenue for the quarter was CNY 8.16 billion, a decline of 5.61% year-on-year[4] - Net profit attributable to shareholders increased by 16.43% to CNY 1.92 billion compared to the same period last year[4] - Basic earnings per share rose by 16.43% to CNY 0.0829[4] - The weighted average return on equity increased by 0.1605 percentage points to 2.5086%[4] - The company reported a significant increase in payable dividends, rising by 360.75% to CNY 56,101,850.00, indicating outstanding dividends yet to be paid[10] - The company reported a 490.08% increase in other expenses, amounting to CNY 1,219,750.00, due to charitable donations made during the period[11] - The company reported a total comprehensive income of CNY 3,110,310,544.11 for Q1 2019, up from CNY 2,373,659,370.18 in Q1 2018, representing a growth of 30.9%[20] Cash Flow - Net cash flow from operating activities decreased significantly by 834.38% to -CNY 435.64 million[4] - The net cash flow from operating activities showed a drastic decline of 834.38%, resulting in a negative CNY 43,563,810.00, mainly due to increased tax payments[11] - The net cash flow from investing activities improved by 102.33%, reaching CNY 14,779,920.00, contrasting with a significant outflow in the previous year[11] - The net cash flow from operating activities was negative at ¥-435,638,090.46, compared to a positive cash flow of ¥59,320,247.94 in the same quarter of the previous year[23] - The net cash flow from financing activities was negative at ¥-7,006,379,970.34, contrasting with a positive cash flow of ¥3,290,290,076.49 in Q1 2018[24] - The net cash flow from investment activities was 523,908,045.57 CNY, recovering from a negative cash flow of -4,671,152,291.86 CNY in the previous year[26] Assets and Liabilities - Total assets decreased by 4.22% to CNY 138.28 billion compared to the end of the previous year[4] - The company’s total current assets decreased to CNY 40,970,969,664.82 from CNY 47,842,620,837.32, reflecting a reduction in liquidity[13] - The company’s cash and cash equivalents stood at CNY 21,902,816,459.36, down from CNY 29,257,171,302.42, indicating a liquidity squeeze[13] - The company’s total liabilities decreased, with short-term financing bonds payable dropping by 62.50% to CNY 150,000,000.00, reflecting repayment efforts[9] - Total liabilities decreased from CNY 62.02 billion to CNY 49.84 billion, a reduction of approximately 19.6%[15] - Current liabilities decreased significantly from CNY 31.68 billion to CNY 20.62 billion, a drop of approximately 34.9%[15] - The company’s total liabilities amounted to ¥62,016,719,565.65, with current liabilities at ¥31,676,398,710.35 and non-current liabilities at ¥30,340,320,855.30[28] Shareholder Information - The number of shareholders at the end of the reporting period was 213,121[6] - The largest shareholder, Shanghai State-owned Assets Supervision and Administration Commission, holds 31.36% of shares[6] - The total equity attributable to shareholders rose from CNY 75.55 billion to CNY 79.75 billion, an increase of approximately 5.8%[15] Other Comprehensive Income - Other comprehensive income surged by 419.00% to CNY 74,539,430.00, primarily due to exchange rate fluctuations affecting a subsidiary[10] - The company's other comprehensive income improved from a loss of CNY 194.67 million to a gain of CNY 745.39 million[15] - The other comprehensive income after tax for Q1 2019 was CNY 978,124,627.28, compared to CNY 477,317,206.23 in Q1 2018, reflecting a substantial increase of 105.4%[20] Investment and Financing Activities - The company raised ¥3,307,400,000.00 from new investments in Q1 2019, significantly higher than ¥161,000,000.00 in Q1 2018[24] - Cash inflow from financing activities totaled 5,551,000,000.00 CNY, slightly down from 5,699,000,000.00 CNY year-over-year[26] - The company’s long-term receivables increased by 44.25% to CNY 1,475,805,722.80 compared to the previous year, attributed to growth in financing lease business[9]