HT-SAAE(SH:600151)2018-04-27 16:00Financial Performance - Operating revenue rose by 39.76% to CNY 1.44 billion year-on-year[9] - Net profit attributable to shareholders was a loss of CNY 134.57 million, compared to a loss of CNY 125.57 million in the same period last year[9] - The weighted average return on net assets decreased by 0.2955 percentage points to -2.3779%[9] - Basic and diluted earnings per share were both CNY -0.0938, a decrease of CNY 0.0062 compared to the previous year[9] - The company reported a significant increase in other income, amounting to ¥3,389,205.48, attributed to government subsidies related to daily activities[20] - The company does not anticipate significant changes in net profit compared to the previous year[26] - The total comprehensive loss for Q1 2018 was CNY 144,899,010.24, compared to a loss of CNY 127,351,243.67 in Q1 2017[39] Cash Flow - The company reported a net cash flow from operating activities of CNY -436.29 million, compared to CNY -352.52 million in the same period last year[9] - The net cash flow from operating activities was -436,285,955.88 RMB, a decrease of 23.76% compared to the same period last year[24] - The net cash flow from investing activities was -828,122,614.39 RMB, representing a significant increase of 114.67% year-over-year, primarily due to the acquisition of a 51% stake in Erae AMS in South Korea[24] - The net cash flow from financing activities was -80,792,096.88 RMB, a decrease of 52.55% compared to the previous year, attributed to an increase in short-term borrowings[25] - The total cash outflow from operating activities in Q1 2018 was ¥2,191,544,591.19, an increase from ¥1,625,277,999.50 in Q1 2017[45] - The company reported an investment cash flow net loss of -¥828,122,614.39 in Q1 2018, compared to -¥385,758,720.80 in the previous year[46] - The financing cash flow for Q1 2018 showed a net outflow of -¥80,792,096.88, an improvement from -¥170,282,170.76 in Q1 2017[46] Assets and Liabilities - Total assets increased by 10.09% to CNY 14.41 billion compared to the end of the previous year[9] - Cash and cash equivalents decreased by 48.88% to ¥1,487,645,508.28, down from ¥2,910,271,868.67, due to payments related to the acquisition of Korea's erae company[21] - The total liabilities increased to 8,073,703,577.48 RMB from 7,245,806,561.37 RMB at the beginning of the year[31] - The company's equity attributable to shareholders decreased to 5,590,162,717.46 RMB from 5,728,654,922.78 RMB at the beginning of the year[31] - Current assets totaled 7,247,632,054.58 RMB, slightly down from 7,372,404,007.15 RMB at the start of the year[29] - The company's total assets amounted to CNY 8,694,673,158.05, slightly down from CNY 8,744,222,983.78 at the end of the previous period[35] Shareholder Information - The total number of shareholders was 118,300 at the end of the reporting period[14] - The largest shareholder, Shanghai Aerospace Industry (Group) Co., Ltd., held 28.34% of the shares[14] Operating Costs and Expenses - Operating costs increased to ¥1,251,362,526.22, reflecting a 38.64% rise from ¥902,567,546.53, also attributed to the consolidation of Korea's erae company[16] - Financial expenses surged by 113.14% to ¥73,434,748.70, up from ¥34,453,408.85, mainly due to increased exchange losses from Lianyungang Shenzhou New Energy Company and Hong Kong Shanghang Holdings[16] - The company's operating revenue for Q1 2018 was ¥43,361,369.37, a decrease of 21.5% compared to ¥55,131,806.17 in the same period last year[40] - Total operating costs for Q1 2018 were CNY 1,588,881,844.23, up 35.9% from CNY 1,167,579,977.29 in Q1 2017[38] Investment Activities - The company completed the acquisition of a 70% stake in Erae AMS on January 31, 2018, with the audit of the acquisition still pending[25] - The goodwill from the acquisition of Korea's erae company amounted to ¥391,609,555.23, representing a 38.63% increase from ¥282,478,032.78[23] - The company invested 1,460,458,418.68 CNY in cash for investments, a significant increase from 210,171,380.20 CNY in the prior period[50]