Adisseo(SH:600299)2017-04-28 16:00Financial Performance - Operating revenue decreased by 10% to CNY 2.47 billion, while net profit attributable to shareholders dropped by 44% to CNY 316.55 million[6]. - The diluted earnings per share fell by 43% to CNY 0.12[7]. - Net profit for Q1 2017 was CNY 403,499,065, down 41.2% from CNY 685,121,761 in Q1 2016[28]. - The net profit for Q1 2017 was CNY 19,107,170, a significant decrease compared to CNY 1,164,110,667 in the previous period[32]. - Total revenue for Q1 2017 was CNY 2,469,115,491, a decrease of 10.1% compared to CNY 2,747,694,741 in the previous year[27]. - The company achieved a gross profit margin of 23% and a net profit margin of 16% in the first quarter[7]. Cash Flow - The net cash flow from operating activities was CNY 609.22 million, a decrease of 36% year-on-year[6]. - Operating cash flow decreased by 36% to RMB 609,215,893, primarily due to performance decline[17]. - Cash inflow from operating activities totaled CNY 2,613,325,112, down from CNY 2,879,157,635 year-over-year, representing a decline of approximately 9.2%[35]. - The net cash flow from operating activities was CNY 609,215,893, a decrease of 35.9% compared to CNY 949,522,412 in the same period last year[35]. - The net cash flow from financing activities was CNY 13,439,589, a recovery from a net outflow of CNY 2,055,114 in the same period last year[36]. - The company reported cash outflows from investing activities of CNY 254,902,932, compared to CNY 126,473,772 in the previous year, indicating a significant increase in investment spending[35]. Assets and Liabilities - Total assets increased by 2% to CNY 20.31 billion compared to the end of the previous year[6]. - Total assets increased to RMB 20,305,227,178 from RMB 19,943,821,352, reflecting overall growth in the company's financial position[20]. - Total liabilities increased to CNY 29,957,914, up from CNY 29,379,771 at the start of the year[25]. - Cash and cash equivalents at the end of the period were CNY 2,201,429,173, a slight increase from CNY 2,188,578,354 at the beginning of the year[24]. - The company’s total current assets amounted to CNY 2,798,801,540, an increase from CNY 2,779,192,445 at the beginning of the year[24]. Shareholder Information - The total number of shareholders reached 25,068, with the largest shareholder, China BlueStar Group, holding 89.09% of shares[12]. Government Support and Financial Management - The company received government subsidies amounting to CNY 4.04 million related to land transfer fees and industrial restructuring[9]. - Financial expenses decreased by 69% to RMB 11,238,848 due to increased interest income from bank deposits and reduced exchange losses compared to the same period last year[15]. - The company is focused on strong cost control measures and lean factory management to support future growth[10]. Other Financial Metrics - Asset impairment losses dropped by 89% to RMB 2,502,109, attributed to changes in inventory impairment losses[15]. - Fair value gains increased by 47% to RMB 44,940,245, driven by changes from Euro/USD hedging operations[15]. - Derivative financial assets rose by 97% to RMB 22,577,602, resulting from Euro/USD hedging operations[15]. - Other comprehensive income after tax decreased by 71% to RMB 84,404,998, impacted by the Euro to RMB exchange rate[16]. - The company reported a significant increase in other comprehensive income, totaling CNY 84,404,998 for the quarter[28].