AECC AST(SH:600391)2015-04-27 16:00Financial Performance - Operating revenue for the period was CNY 421,403,612.10, representing a 6.19% increase year-on-year[9] - Net profit attributable to shareholders was CNY -3,692,490.32, a decrease of 11,379.07% compared to the same period last year[9] - Operating income for Q1 2015 was CNY 756,502.31, an increase of 92.24% year-over-year, primarily due to increased government subsidies received[15] - Net profit for Q1 2015 was CNY -72,761.54, a significant decrease from CNY 2,077,377.22 in the previous year, indicating a negative growth trend[29] - The company reported a decrease in operating profit to CNY 1,772,439.50 from CNY 3,110,751.91, a decline of 43.0% year-over-year[29] Cash Flow - Cash flow from operating activities was CNY -28,358,429.80, compared to CNY -20,696,513.60 in the previous year[9] - Net cash flow from operating activities for the period was CNY -28,358,429.80, a decrease of 37.02% year-over-year, primarily due to increased material procurement costs[15] - Net cash flow from investing activities was CNY -33,023,852.95, an increase of 2.44% year-over-year, with cash recovered from the disposal of fixed assets increasing by 414.91% to CNY 28,320.00[15] - Net cash flow from financing activities was CNY 99,852,024.91, an increase of 121.40% year-over-year, with cash paid for debt repayment decreasing by 57.30% to CNY 64,879,074.77[16] - Cash paid for dividends and interest in Q1 2015 was CNY 27,133,224.28, an increase of 110.79% year-over-year, due to increased interest payments on loans[16] Assets and Liabilities - Total assets increased by 3.96% to CNY 4,618,180,751.84 compared to the end of the previous year[9] - Total current assets as of March 31, 2015, amounted to CNY 2,721,217,723.40, up from CNY 2,549,317,225.68 at the beginning of the year[21] - Total liabilities as of March 31, 2015, were CNY 4,442,124,733.69, with current liabilities totaling CNY 2,064,305,247.55[22] - Estimated liabilities increased by 43.27% to CNY 11,624,846.09, mainly due to increased lease fee provisions by a subsidiary[14] - Total liabilities reached CNY 1,960,818,119.67, up from CNY 1,807,381,383.53, marking an increase of 8.5%[27] Expenses - Management expenses for the first quarter totaled CNY 56,655,403.92, an increase of 44.67% year-on-year due to increased R&D expenses[14] - Operating expenses for Q1 2015 totaled CNY 1,005,287.62, a significant increase of 4,295.54% year-over-year, mainly due to increased losses from the disposal of non-current assets[15] Equity and Shareholder Information - The total equity attributable to shareholders of the parent company was CNY 1,715,105,106.09, slightly down from CNY 1,715,352,463.24[27] - The company has committed to avoiding direct or indirect competition with its controlling shareholder, ensuring no overlap in business operations[17] Inventory and Prepaid Accounts - Prepaid accounts increased by 30.50% to CNY 122,646,025.44, mainly due to an increase in prepaid material costs[14] - Inventory levels rose to CNY 1,339,025,508.19, compared to CNY 1,233,216,551.64, indicating an increase of 8.6%[26] Cash and Cash Equivalents - Cash and cash equivalents at the end of Q1 2015 amounted to ¥299,610,087.28, a decrease from ¥377,348,032.90 at the end of the previous year[36] - Cash and cash equivalents at the end of the period were CNY 192,970,140.60, down from CNY 223,000,965.17 year-over-year[39] Foreign Exchange and Other Gains - The company experienced a foreign exchange gain of CNY 1,269,918.26 during the period[38]