SAC(SH:600268)2016-04-27 16:00Financial Performance - Operating revenue for the current period was CNY 627,777,767.73, down 10.44% year-on-year [7]. - Net profit attributable to shareholders was CNY -115,333,256.14, compared to CNY -108,864,583.87 in the same period last year [7]. - The weighted average return on equity was -6.09%, a decline from -5.64% in the previous year [7]. - The company reported a decrease in net profit for the upcoming reporting period, with potential losses or significant changes compared to the same period last year [27]. - Net profit for Q1 2016 was a loss of CNY 116,166,457.31, compared to a loss of CNY 123,200,709.17 in Q1 2015, showing an improvement of 5.5% [39]. - Basic and diluted earnings per share for Q1 2016 were both CNY -0.18, compared to CNY -0.17 in the same quarter last year [40]. Cash Flow - Cash flow from operating activities was CNY -605,529,159.12, indicating a significant cash outflow [7]. - Cash received from operating activities decreased by 57.88%, amounting to 42,718,049.15 RMB [19]. - Cash inflow from operating activities decreased to ¥763.53 million from ¥961.83 million, a decline of approximately 20.6% [45]. - Cash outflow from operating activities increased to ¥1.37 billion from ¥1.34 billion, resulting in a net cash flow from operating activities of -¥605.53 million, worsening from -¥380.43 million [46]. - Cash inflow from operating activities for the latest quarter was ¥442.49 million, down from ¥519.93 million, while cash outflow increased to ¥809.54 million from ¥879.66 million, resulting in a net cash flow from operating activities of -¥367.05 million [50]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,635,894,926.73, a decrease of 3.49% compared to the previous year-end [7]. - The company's current assets totaled CNY 7,174,071,738.52, down from CNY 7,541,478,536.17 at the start of the year, indicating a decline of approximately 4.87% [30]. - Total liabilities decreased from CNY 8,336,612,443.41 to CNY 8,127,872,760.05, a reduction of approximately 2.5% [32]. - The company's equity attributable to shareholders decreased from CNY 1,951,890,847.93 to CNY 1,778,262,732.68, a decline of about 8.9% [32]. - The company's total liabilities as of the end of Q1 2016 were CNY 7,511,007,242.53, an increase from CNY 7,385,727,283.81 at the end of the previous period [39]. Shareholder Information - The number of shareholders at the end of the reporting period was 61,750 [12]. - The largest shareholder, State Power Corporation of Nanjing Electric Automation Equipment Factory, held 50.26% of the shares [12]. Investment Activities - The company reported an investment income of -2,515,363.50 RMB, an improvement of 1,110,885.62 RMB compared to the previous period [17]. - The company invested 60,000,000.00 RMB in acquiring a 40% stake in Nanjing Guodian Nanzi New Energy Technology Co., Ltd. [19]. - The company is involved in an arbitration case regarding the 40% stake in Nanjing Guodian Nanzi New Energy Technology Co., Ltd., with a payment of 60,000,000 RMB plus interest [23]. - The company reported an investment loss of CNY -2,515,363.50 from joint ventures and associates, an improvement from CNY -3,626,249.12 in the previous year [39]. Tax and Expenses - Income tax expenses rose by 88.51%, totaling 6,496,887.28 RMB, due to higher tax payments compared to the previous period [17]. - The company paid 116,892,783.12 RMB in various taxes, a 60.86% increase from the previous period [19]. - The company continues to focus on cost control, with sales expenses decreasing to CNY 73,306,719.49 from CNY 82,239,434.11 year-over-year, a reduction of 10.5% [39]. Future Outlook - The company is focusing on new product development and market expansion strategies to enhance future performance [27]. - The company is exploring management equity incentive plans in accordance with relevant regulations [26].