AVICOPTER(SH:600038)2018-04-26 16:00Financial Performance - Operating revenue for the period was CNY 2.14 billion, an increase of 2.54% year-on-year[6]. - Net profit attributable to shareholders was CNY 70.66 million, a decrease of 0.49% compared to the same period last year[6]. - The net profit for Q1 2018 was CNY 68,085,478.79, a decrease of 4.0% from CNY 71,456,062.82 in the previous year[23]. - The company's operating revenue for the current period is not disclosed, while the previous period's revenue was 3,500,449,365.46 RMB[29]. - The net profit for the current period is -5,357,159.97 RMB, an improvement from -6,539,327.68 RMB in the previous period, indicating a reduction in losses[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21.82 billion, a decrease of 2.58% compared to the end of the previous year[6]. - The company's total assets as of March 31, 2018, were CNY 21,823,363,761.81, down from CNY 22,401,727,804.88 at the beginning of the year[17]. - The total liabilities decreased to CNY 14,200,919,942.49 from CNY 14,855,533,283.26, indicating a reduction of approximately 4.4%[18]. - Cash and cash equivalents at the end of Q1 2018 were CNY 2,896,172,547.20, down from CNY 3,535,853,787.93 at the beginning of the year, a decline of about 18.2%[17]. - Cash and cash equivalents at the end of the period amount to 1,838,782,976.34 RMB, down from 2,361,492,910.60 RMB in the previous period[29]. Cash Flow - Net cash flow from operating activities was negative CNY 285.87 million, compared to a positive CNY 548.42 million in the previous year[6]. - The net cash flow from operating activities is -285,870,269.03 RMB, a significant decline compared to 548,416,999.79 RMB in the previous period[29]. - The cash outflow from operating activities totaled 2,057,795,242.30 RMB, compared to 3,137,802,813.97 RMB in the previous period[29]. - The company received 7,573,068.63 RMB from financing activities, a decrease from 54,018,975.92 RMB in the previous period[29]. - The net cash flow from investing activities is -40,031,241.15 RMB, worsening from -22,589,573.14 RMB in the previous period[29]. Shareholder Information - The number of shareholders at the end of the reporting period was 29,364[10]. - The largest shareholder, Harbin Aircraft Industry Group Co., Ltd., held 28.21% of the shares[10]. Cost and Expenses - The total operating costs for Q1 2018 were CNY 2,058,749,767.78, up from CNY 1,994,479,872.91, reflecting an increase of approximately 3.2%[23]. - The company reported a decrease in management expenses to 5,454,240.72 RMB from 6,591,499.34 RMB in the previous period, reflecting cost control efforts[26]. - Tax and additional charges increased by 59.96% year-on-year, mainly due to an increase in property tax accruals[13]. Equity and Returns - The weighted average return on equity decreased by 0.0595 percentage points to 0.9699%[6]. - The total equity attributable to shareholders of the parent company increased to CNY 7,325,017,095.85 from CNY 7,246,188,603.73, reflecting a growth of about 1.1%[18]. - The company's earnings per share (EPS) for Q1 2018 was CNY 0.1199, slightly down from CNY 0.1205 in the same quarter last year[23]. Other Financial Metrics - Other receivables increased by 38.11% compared to the beginning of the year, mainly due to an increase in collected and paid amounts[13]. - Fixed asset clearance increased by 140.03% compared to the beginning of the year, primarily due to an increase in scrapped fixed assets[13]. - The company aims to improve its financial performance and reduce losses in future periods[26].