SCG(600170)2017-05-10 16:00Financial Performance - Operating revenue for the period was ¥26.68 billion, a decrease of 1.27% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥502.64 million, reflecting a slight increase of 1.16% year-on-year[5]. - Basic earnings per share remained stable at ¥0.07, with diluted earnings per share also at ¥0.07[5]. - Total operating revenue for Q1 2017 was CNY 26.68 billion, a decrease of 1.27% from CNY 27.03 billion in the same period last year[19]. - Net profit for Q1 2017 was CNY 705.39 million, compared to CNY 681.97 million in Q1 2016, reflecting a growth of 3.67%[19]. - The company reported a total profit of CNY 728,638,755.88 for Q1 2017, an increase of 4.06% from CNY 694,984,287.82 in the previous year[20]. - Operating profit for Q1 2017 was CNY 167,631,277.42, significantly higher than CNY 25,517,252.32 in Q1 2016, marking a growth of 558.73%[24]. - The company achieved a comprehensive income total of CNY 553,356,106.87 in Q1 2017, compared to CNY 387,635,664.91 in Q1 2016, reflecting an increase of 42.67%[20]. Assets and Liabilities - Total assets decreased by 3.92% from the end of the previous year, amounting to ¥167.53 billion[5]. - The total assets at the end of the period were CNY 167.534 billion, a decrease from CNY 174.370 billion at the beginning of the year[14]. - Total liabilities decreased to CNY 18.86 billion from CNY 22.77 billion, indicating a reduction of 17.3%[18]. - Current liabilities totaled CNY 16.97 billion, down 19.4% from CNY 21.00 billion at the start of the year[18]. - The balance of non-current liabilities due within one year decreased to CNY 2.589 billion, a reduction of CNY 2.334 billion or 47.42% from the beginning of the year, primarily due to repayment of maturing bonds[9]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥11.41 billion, worsening by 21.97% compared to the previous year[5]. - The net cash flow from operating activities was negative at CNY -11,409,896,474.06, worsening from CNY -9,354,958,118.10 in the same period last year[26]. - Total cash inflow from operating activities was 5,856,597,317.12 RMB, down from 6,129,295,942.91 RMB in the previous year, indicating a decrease in operational cash generation[29]. - Cash outflow from operating activities totaled 8,266,947,263.72 RMB, slightly lower than 8,380,311,440.99 RMB in the same quarter last year[29]. - Cash outflow from financing activities was CNY 4.203 billion, an increase of CNY 2.088 billion or 98.74% year-on-year, mainly due to increased repayments of borrowings and interest payments[9]. Shareholder Information - Net assets attributable to shareholders increased by 12.11% year-on-year, reaching ¥25.86 billion[5]. - The total number of shareholders at the end of the reporting period was 235,105[7]. - Shareholders' equity increased to CNY 19.94 billion, up from CNY 17.48 billion, representing a growth of 14.09%[19]. Expenses - Management expenses for the period amounted to CNY 1.708 billion, an increase of CNY 442 million or 34.96% year-on-year, primarily due to higher employee compensation and technical development costs[9]. - Financial expenses for the period were CNY 243 million, up CNY 63 million or 35.09% year-on-year, mainly due to increased interest expenses from higher borrowings[9]. - The company reported a decrease in accounts receivable to CNY 1.19 billion from CNY 1.90 billion, a reduction of 37.3%[17]. Inventory and Receivables - Inventory at the end of the period was CNY 69.534 billion, an increase of CNY 4.268 billion or 6.54% from the beginning of the year, driven by increased investment in property development[9]. - Other receivables at the end of the period totaled CNY 5.948 billion, an increase of CNY 1.642 billion or 38.15% from the beginning of the year, mainly due to performance bonds and various advances paid by subsidiaries[9]. Investment Activities - Cash inflow from investment activities totaled CNY 1.108 billion, a decrease of CNY 508 million or 31.44% year-on-year, primarily due to reduced recoveries from available-for-sale financial assets[9]. - Investment activities generated a net cash inflow of 98,642,813.49 RMB, down from 214,815,608.07 RMB in the previous year, indicating reduced investment returns[29]. - The company reported investment income of CNY 146,472,425.56 in Q1 2017, a significant recovery from a loss of CNY -290,087.50 in Q1 2016[24]. Future Plans - The company’s management indicated plans for market expansion and new product development in the upcoming quarters, although specific figures were not disclosed[21].