CGA(SH:600297)2018-04-27 16:00Financial Performance - Operating revenue increased by 20.32% to CNY 39.47 billion year-on-year[7] - Net profit attributable to shareholders rose by 15.06% to CNY 1.12 billion compared to the same period last year[7] - Basic and diluted earnings per share remained at CNY 0.14[7] - Total operating revenue for Q1 2018 reached CNY 39.47 billion, an increase of 20.3% compared to CNY 32.80 billion in the same period last year[34] - Net profit for Q1 2018 was CNY 1.33 billion, representing a 21.1% increase from CNY 1.10 billion in Q1 2017[35] - The company reported a gross profit margin of approximately 5.4% for Q1 2018, compared to 4.2% in Q1 2017[34] - The total profit for Q1 2018 was -CNY 53,916,511.81, an improvement compared to -CNY 77,350,180.63 in Q1 2017, indicating a reduction in losses by approximately 30.3%[38] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 50.54% to -CNY 11.08 billion[7] - The net cash flow from operating activities for Q1 2018 was -CNY 11,075,924,601.13, worsening from -CNY 7,357,377,333.88 in the same period last year[40] - The company’s cash flow from operating activities showed a positive trend, indicating improved liquidity[35] - The total cash inflow from operating activities was CNY 48,551,751,222.57, compared to CNY 41,248,459,696.13 in the previous year, marking an increase of approximately 17.5%[40] - Cash and cash equivalents decreased by 54.46%, from CNY 3,247,316.52 million to CNY 1,478,763.44 million, primarily due to loan repayments and the payment of due notes[13] - The cash flow from investing activities for Q1 2018 was CNY 2,949,699,052.24, a decrease from CNY 3,578,894,798.59 in the same period last year[40] - The financing activities generated a net cash flow of -CNY 4,423,581,177.84 in Q1 2018, compared to a positive cash flow of CNY 4,885,689,544.29 in Q1 2017[40] Assets and Liabilities - Total assets decreased by 7.06% to CNY 125.70 billion compared to the end of the previous year[7] - Total liabilities as of March 31, 2018, were RMB 80.03 billion, down from RMB 91.01 billion, a reduction of approximately 12%[28] - The company's total assets decreased to RMB 125.70 billion from RMB 135.25 billion, a decline of about 7%[28] - The expected liabilities increased by 263.39% to CNY 2,881.05 million, influenced by new acquisition projects[14] - Total liabilities increased to CNY 4.38 billion in Q1 2018, up from CNY 3.57 billion in the same period last year[32] Shareholder Information - The number of shareholders reached 31,366 by the end of the reporting period[10] - The largest shareholder, Xinjiang Guanghui Industrial Investment (Group) Co., Ltd., holds 31.52% of shares[10] Investments and Acquisitions - The company reported a significant increase in long-term equity investments, rising by 200.81% to CNY 187,650.63 million, attributed to the acquisition of shares in Shanghai Aika Investment Center[14] - The company acquired a 22.6087% partnership interest in Shanghai Aika for CNY 65,520 million, enhancing its investment portfolio[20] - The company acquired 100% equity of several automotive service companies for a total consideration of RMB 619 million[21] Government Support and Other Income - The company received government subsidies amounting to CNY 67.54 million related to normal business operations[9] - Non-recurring gains and losses totaled CNY 36.93 million for the reporting period[9] - The company reported a significant increase in other comprehensive income, totaling CNY 113.05 million for Q1 2018, compared to CNY 37.87 million in the previous year[36] Financial Instruments and Expenses - The fair value change income from financial instruments was reported at CNY 2,694.03 million, a significant recovery from a loss of CNY 1,221.89 million in the previous year[16] - The company incurred financial expenses of CNY 52,186,883.82 in Q1 2018, down from CNY 73,086,852.79 in the previous year, reflecting a decrease of approximately 28.5%[38] Future Plans - The company plans to continue share repurchases, with a total investment of no less than CNY 200 million over the next six months[19] - The company plans to expand its market presence and invest in new product development in the upcoming quarters[36]