AISINO CO.LTD.(SH:600271)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 74.42% to CNY 10,121.00 million year-on-year[6] - Operating revenue slightly decreased by 0.29% to CNY 547,133.12 million compared to the same period last year[6] - Basic and diluted earnings per share dropped by 76.19% to CNY 0.05 per share[6] - The company reported a significant increase in other income, which rose by 103.70% to ¥43.09 million, primarily from increased government subsidies related to operations[14] - Net profit for Q1 2018 was CNY 297,621,645.87, representing a decline of 41.5% compared to CNY 509,842,385.31 in the same period last year[26] - The company reported a total comprehensive income of CNY 298,891,865.45, down from CNY 510,459,493.69 in the previous year[27] - Net profit for Q1 2018 was a loss of CNY 112,043,317.91, down from a profit of CNY 356,827,384.09 in the previous year, marking a decline of 131.33%[29] Cash Flow - Net cash flow from operating activities was negative at CNY -105,111.95 million, a decline of 57.07% year-on-year[6] - Operating cash flow net amount decreased by 57.07% to -¥105.11 million, mainly due to increased project-based business leading to reduced cash inflow[14] - Cash flow from operating activities resulted in a net outflow of CNY 1,051,119,460.00, compared to a smaller outflow of CNY 669,223,159.75 in Q1 2017[32] - The company reported a decrease in cash inflow from operating activities, totaling CNY 6,344,260,688.59, down from CNY 7,514,256,085.61 in the previous year[32] - Investment activities resulted in a net cash outflow of CNY 171,653,050.14, compared to a smaller outflow of CNY 30,903,033.48 in Q1 2017[33] - Financing activities generated a net cash outflow of CNY 64,871,837.61, contrasting with a net inflow of CNY 91,584,986.15 in the same period last year[33] Assets and Liabilities - Total assets increased by 1.40% to CNY 1,977,391.83 million compared to the end of the previous year[6] - Total liabilities decreased to ¥7.16 billion from ¥7.21 billion, a reduction of approximately 0.76%[19] - Shareholders' equity rose to ¥12.61 billion from ¥12.29 billion, reflecting an increase of about 2.60%[19] - Current assets totaled ¥15.71 billion, slightly up from ¥15.66 billion, indicating a marginal increase of 0.31%[18] - Total liabilities amounted to CNY 3,716,535,346.40, a slight decrease from CNY 3,726,335,265.01[26] Expenses - Financial expenses increased by 221.31% to ¥14.59 million, primarily due to higher convertible bond interest expenses and foreign exchange losses[13] - The company experienced a 38.47% increase in sales expenses, amounting to ¥241.37 million, due to rising labor and office costs associated with business expansion[13] - The financial expenses increased significantly to CNY 14,590,697.18 from CNY 4,540,936.26, marking an increase of 222.5%[26] - The company reported a decrease in sales expenses to CNY 241,368,882.61 from CNY 174,306,742.68, an increase of 38.5%[26] Shareholder Information - The total number of shareholders reached 73,732 at the end of the reporting period[10] - The largest shareholder, China Aerospace Science and Industry Corporation, holds 39.80% of the shares[10] - The total number of priority shareholders at the end of the reporting period was not applicable, indicating no significant changes in this area[12] Research and Development - Research and development expenses surged by 106.35% to ¥115.43 million, reflecting the company's increased investment in R&D[13] Inventory and Receivables - Accounts receivable rose by 48.58% to ¥2,051.08 million, mainly because project payments had not yet reached the contractually agreed collection period[13] - Inventory increased by 52.85% to ¥1,499.42 million, attributed to the expansion of the company's business scale[13]