CPEC(SH:600339)2019-04-26 16:00Financial Performance - Operating revenue for the reporting period was CNY 9.35 billion, an increase of 12.57% year-on-year[5]. - Net profit attributable to shareholders was CNY 65.35 million, a significant recovery from a loss of CNY 26.97 million in the same period last year[5]. - The company reported a net profit attributable to shareholders of RMB 65,347,842.74, a significant increase compared to a net loss of RMB 26,966,496.66 in the same period last year[12]. - Net profit for Q1 2019 was CNY 64,980,577.54, compared to a net loss of CNY 27,225,554.92 in Q1 2018, indicating a significant turnaround[23]. - The company reported a total comprehensive income of CNY 64,958,936.54 for Q1 2019, compared to a loss of CNY 27,208,164.09 in Q1 2018[24]. - The company recorded an operating profit of CNY 208,890,451.04 for Q1 2019, up from CNY 100,920,357.29 in Q1 2018, reflecting a year-over-year increase of 106.8%[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 92.99 billion, a decrease of 1.58% compared to the end of the previous year[5]. - The total current assets decreased to CNY 84,385,788,804.21 from CNY 85,590,137,919.48, reflecting a reduction of about 1.41%[17]. - Total liabilities decreased to CNY 69,607,905,962.16 from CNY 70,777,664,658.04, a reduction of about 1.65%[17]. - The total equity attributable to shareholders decreased to CNY 23,314,086,682.07 from CNY 23,635,645,958.92, reflecting a decline of approximately 1.36%[17]. - The company's total current liabilities amounted to CNY 67,939,999,893.56, a decrease from CNY 69,106,095,362.15, representing a decline of approximately 1.7%[17]. - The total liabilities amounted to 69,106,095,362.15 RMB, reflecting the company's financial obligations[33]. Cash Flow - Net cash flow from operating activities was negative CNY 4.56 billion, a decline of 444.89% compared to the previous year[5]. - The cash flow from operating activities for Q1 2019 was -¥4,561,755,192.61, contrasting with a positive cash flow of ¥1,322,683,670.16 in Q1 2018[27]. - The cash received from sales of goods and services was RMB 11.745 billion, a decrease of 33.87% compared to RMB 17.762 billion in the previous year[12]. - The company incurred management expenses of ¥2,696,396.33 in Q1 2019, significantly higher than ¥791,951.67 in Q1 2018[26]. - The cash outflow from investing activities in Q1 2019 was ¥185,129,161.82, compared to ¥158,218,591.86 in Q1 2018[28]. - The cash flow from financing activities in Q1 2019 resulted in a net outflow of -¥376,791,673.55, compared to a net inflow of ¥34,112,832.35 in Q1 2018[28]. Shareholder Information - The total number of shareholders at the end of the reporting period was 61,947[8]. - The largest shareholder, China National Petroleum Corporation, held 54.29% of the shares[9]. Investments and Acquisitions - The company completed the acquisition of 70% of Shanghai Huanqiu Engineering Co., Ltd. for CNY 183.94 million and 100% of China Petroleum Natural Gas Pipeline Engineering Co., Ltd. for CNY 60 million[6]. - The company reported a significant increase of 211.79% in cash paid for acquiring fixed assets, totaling RMB 185.13 million, indicating increased capital expenditure[12]. - The company's long-term investments remained stable at CNY 278,253,490.12, unchanged from the previous period[16]. Research and Development - The company's research and development expenses increased by 55.15% year-over-year, reflecting a commitment to enhancing technology development[11]. - Research and development expenses for Q1 2019 amounted to CNY 29,906,808.88, an increase from CNY 19,276,323.37 in Q1 2018, representing a growth of 55.2%[21].