BIRD(SH:600130)2017-04-28 16:00Financial Performance - Operating revenue fell by 50.29% to CNY 436,190,711.24, primarily due to a reduction in product sales scale[11] - Net profit attributable to shareholders was a loss of CNY 10,079,515.05, representing a decrease of 230.7% compared to the same period last year[6] - The company’s basic earnings per share decreased by 200.00% to -CNY 0.01[6] - Total operating revenue for Q1 2017 was ¥436,190,711.24, a decrease of 50.3% compared to ¥877,552,961.27 in the same period last year[24] - Net profit for Q1 2017 was a loss of ¥8,725,619.75, compared to a profit of ¥10,546,014.82 in Q1 2016[25] - The company reported a total comprehensive loss of ¥8,692,770.60 for Q1 2017, compared to a comprehensive income of ¥10,567,362.18 in Q1 2016[26] Cash Flow - Cash flow from operating activities improved to CNY 6,659,807.89, a significant recovery from a loss of CNY 105,457,249.91 in the previous year[6] - The net cash flow from operating activities was ¥20,157,294.55, a significant improvement compared to the previous year's net cash flow of -¥73,574,544.17[31] - Total cash inflow from operating activities was ¥186,876,675.64, while cash outflow was ¥166,719,381.09, resulting in a net cash flow of ¥20,157,294.55[31] - Cash flow from operating activities showed a substantial increase in cash received from sales, amounting to ¥139,565,096.10, compared to ¥4,250,384.85 in the previous year[31] Assets and Liabilities - Total assets decreased by 5.20% to CNY 1,357,186,563.37 compared to the end of the previous year[6] - Current assets totaled ¥981,480,939.82, a decrease from ¥1,088,900,067.25 at the start of the year, with cash and cash equivalents at ¥199,705,824.81[16] - The company’s total liabilities were ¥370,700,956.95, down from ¥436,490,255.38 at the beginning of the year[18] - The company's total liabilities increased to ¥166,232,639.75 from ¥151,894,065.15, reflecting a rise of 9.0%[25] - The total equity decreased slightly to ¥815,569,171.90 from ¥816,335,401.73, a decline of 0.1%[25] Inventory and Receivables - The company recorded a significant decrease in accounts receivable, which fell to ¥100,085,920.89 from ¥195,255,271.21[16] - Inventory increased to ¥282,411,159.28 from ¥226,821,274.57, indicating a potential buildup of stock[16] - The company reported a 54.06% decrease in asset impairment losses, amounting to CNY 9,402,269.50, attributed to reduced inventory write-downs[11] Financing Activities - The company received government subsidies of CNY 1,211,401.36, which are closely related to its normal business operations[7] - The net cash flow from financing activities was ¥22,625,873.34, a recovery from a net outflow of -¥29,732,932.91, attributed to an increase in ordinary loans secured by accounts receivable[12] - The company received ¥61,371,630.00 in cash from borrowings during the financing activities, an increase from ¥17,854,840.00 in the previous year[31] - The total cash outflow from financing activities was ¥38,745,756.66, compared to ¥47,587,772.91 in the previous year[31] Shareholder Information - The number of shareholders reached 101,755, indicating a stable shareholder base[10] - The company’s equity attributable to shareholders was ¥986,485,606.42, slightly down from ¥995,178,377.02 at the beginning of the year[18] Other Financial Metrics - The weighted average return on equity decreased by 1.97 percentage points to -0.88%[6] - Financial expenses for Q1 2017 were ¥547,925.85, compared to a financial income of -¥1,157,151.71 in the previous year[25] - Cash flow from investment activities showed a net outflow of -¥48,970,994.56, compared to -¥36,072,219.95 in the previous year[31] - The cash flow from investment activities included cash inflow of ¥47,571,544.44 and cash outflow of ¥96,542,539.00[31] - The company experienced a negative impact of -¥103,708.31 from exchange rate fluctuations on cash and cash equivalents[32]