CSSC Holdings(SH:600150)2016-04-29 16:00Financial Performance - Operating revenue for the period was CNY 5.85 billion, representing a decrease of 13.19% year-on-year[5]. - Net profit attributable to shareholders was CNY 115.72 million, down 7.04% from the previous year[5]. - Basic earnings per share decreased by 6.67% to CNY 0.084[5]. - The weighted average return on net assets was 0.66%, a decrease of 0.05 percentage points from the previous year[5]. - Total operating revenue for Q1 2016 was ¥5,852,266,473.25, a decrease of 13.14% compared to ¥6,741,818,987.54 in the same period last year[25]. - Profit attributable to shareholders of the parent company was ¥115,719,169.11, compared to ¥124,484,809.59 in the previous year, reflecting a decrease of 7.00%[26]. - Earnings per share for Q1 2016 were ¥0.084, down from ¥0.090 in Q1 2015[27]. - The net profit for Q1 2016 was a loss of ¥3,865,476.34, compared to a profit of ¥1,901,760.32 in the same period last year[29]. Cash Flow - The net cash flow from operating activities was negative CNY 1.89 billion, compared to negative CNY 912.27 million in the same period last year[5]. - The net cash flow from operating activities for Q1 2016 was -189,258, a decrease of 107.46% compared to the previous year[13]. - Cash inflow from operating activities totaled ¥5,241,274,653.16, down 24% from ¥6,891,996,709.93 in the previous year[31]. - The net cash flow from operating activities was a loss of ¥1,892,580,544.33, worsening from a loss of ¥912,271,812.98 year-over-year[31]. - Cash flow from investing activities generated a net inflow of ¥1,267,537,806.62, compared to a net outflow of ¥782,710,980.39 in the previous year[31]. - Cash flow from financing activities resulted in a net inflow of ¥2,131,395,399.62, an increase from ¥1,576,944,058.52 year-over-year[32]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 51.61 billion, a 0.54% increase compared to the end of the previous year[5]. - As of March 31, 2016, total assets amounted to 51,609,276,470.73, compared to 51,331,786,451.62 at the beginning of the year[18]. - The total liabilities decreased slightly from 31,887,150,605.54 to 31,698,927,041.67[19]. - Total assets as of the end of Q1 2016 were ¥9,485,384,555.20, slightly down from ¥9,489,418,153.83 at the end of the previous period[23]. - Total liabilities amounted to ¥20,233,270.37, a decrease from ¥20,401,392.66 in the previous period[23]. - Owner's equity totaled ¥9,465,151,284.83, compared to ¥9,469,016,761.17 in the previous period, indicating a slight decline[23]. Shareholder Information - The number of shareholders at the end of the reporting period was 135,687[9]. - The largest shareholder, China Shipbuilding Industry Group, held 54.37% of the shares[9]. - The company completed a capital increase of 400 million RMB in its wholly-owned subsidiary, increasing its ownership to 89.34%[13]. Expenses and Losses - The company reported a significant increase in financial expenses, with a rise of 329.15% due to increased exchange losses[12]. - The company reported a significant increase in management expenses to ¥372,517,295.48 from ¥355,570,697.71 in the previous year, reflecting a rise of 4.14%[26]. - The company recorded an investment loss of ¥19,772,230.93, compared to a loss of ¥7,752,411.84 in the same period last year[26]. - The company experienced a foreign exchange loss of ¥85,870,856.14 affecting cash and cash equivalents[32]. Inventory and Receivables - The company reported a decrease in accounts receivable from 1,631,955,908.08 to 1,945,188,682.18[17]. - The inventory balance increased to 14,806,552,226.55 from 14,332,698,102.44[17]. - The company reported a decrease in cash received from sales of goods and services, totaling ¥4,571,050,770.55, down from ¥5,855,557,778.18 in the previous year[30]. - The company paid ¥6,150,006,003.08 for goods and services, a decrease from ¥6,753,675,584.53 in the previous year[31].