THTF(SH:600100)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -269.10 million, a decline of 105.17% year-on-year[6]. - Operating revenue fell by 9.17% to CNY 4.05 billion compared to the same period last year[6]. - The company expects a significant decline in net profit attributable to shareholders for the first half of 2017, projecting a drop from 4,957,000,000 RMB in the same period last year due to the absence of major non-recurring gains[18]. - Total revenue for Q1 2017 was CNY 4,045,046,225.83, a decrease of 9.16% compared to CNY 4,453,614,900.86 in the same period last year[29]. - Operating profit for Q1 2017 was -¥154,326,063.37, compared to ¥7,644,682,370.36 in Q1 2016, indicating a significant decline[33]. - Net profit for Q1 2017 was -¥131,464,502.59, down from ¥6,503,302,898.77 in the previous year, reflecting a substantial loss[34]. - The total comprehensive income for Q1 2017 was -¥231,502,288.21, compared to ¥6,498,229,602.95 in the same quarter last year[34]. - The company reported a basic and diluted earnings per share of -¥0.09 for Q1 2017, compared to ¥1.76 in Q1 2016[31]. - The total profit for Q1 2017 was -¥152,865,794.33, compared to ¥7,650,897,844.79 in Q1 2016, indicating a drastic decline[34]. Cash Flow - The net cash flow from operating activities was CNY -2.62 billion, a decrease of 3.98% year-on-year[6]. - Cash flow from operating activities for Q1 2017 was ¥4,438,191,127.94, down from ¥5,132,220,892.86 in the previous year, indicating a decrease of 13.5%[36]. - The net cash flow from operating activities was -2,622,744,645.16 RMB, compared to -2,522,360,144.26 RMB in the previous period, indicating a slight increase in cash outflow[37]. - The company reported a total cash outflow from operating activities of 7,314,348,066.83 RMB, down from 8,112,803,174.99 RMB in the previous period[37]. - Cash inflow from sales of goods and services was 679,671,030.93 RMB, significantly lower than 1,211,892,633.90 RMB in the previous period, indicating a decline in revenue generation[40]. Assets and Liabilities - Total assets decreased by 2.23% to CNY 56.33 billion compared to the end of the previous year[6]. - The total current assets as of March 31, 2017, were 31,158,173,916.95 RMB, down from 33,725,481,599.68 RMB at the beginning of the year[22]. - Non-current assets totaled CNY 25,171,998,506.64, an increase from CNY 23,886,809,552.88 year-on-year[23]. - Current liabilities amounted to CNY 27,649,624,327.00, down from CNY 28,509,342,475.62 in the previous year[23]. - The company's total liabilities were CNY 32,115,938,884.83, down from CNY 33,055,944,319.65, a reduction of 2.84%[24]. - The equity attributable to shareholders decreased to CNY 21,304,136,513.35 from CNY 21,789,997,089.39, a decline of 2.23%[24]. Shareholder Information - The number of shareholders at the end of the reporting period was 229,936[9]. - The largest shareholder, Tsinghua Holdings, held 25.38% of the shares, totaling 752,190,910 shares[9]. Investment Activities - Investment income decreased by 98.70%, from 6,962,997,381.01 RMB in Q1 2016 to 90,558,469.44 RMB in Q1 2017, due to the absence of significant equity disposal transactions[13]. - The net cash flow from investing activities was -1,301,225,382.91 RMB in Q1 2017, a decline of 150.93% compared to 2,555,170,831.11 RMB in Q1 2016[14]. - The company received 5,676,899.95 RMB from investment, which is a slight decrease from 6,030,092.62 RMB in the previous period[38]. - Total cash inflow from investment activities was 356,657,157.30 RMB, significantly lower than 4,484,917,855.98 RMB in the previous period, reflecting a decrease in investment returns[37]. - The net cash flow from investment activities was -1,301,225,382.91 RMB, contrasting with a positive cash flow of 2,555,170,831.11 RMB in the previous period, highlighting a shift in investment strategy[37]. Other Financial Metrics - The weighted average return on equity dropped by 27.02 percentage points to -1.25%[6]. - The company's cash and cash equivalents decreased from 10,958,180,121.53 RMB at the beginning of the year to 7,738,101,212.97 RMB by the end of Q1 2017[22]. - Cash and cash equivalents decreased to CNY 1,584,783,065.30 from CNY 2,880,118,397.34, a significant drop of 44.83%[26]. - The company incurred financial expenses of ¥121,273,644.83 in Q1 2017, an increase from ¥82,060,358.15 in the same period last year[33]. - The company reported a fair value change loss of -¥7,883,836.19 in Q1 2017, compared to a loss of -¥201,439,192.06 in the previous year[33]. - The company's other comprehensive income after tax was -210,653,593.82 RMB in Q1 2017, a decline of 948.58% compared to 24,824,264.53 RMB in Q1 2016[12].