航发科技(600391) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 384,505,938.70, down 3.38% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 11,659,574.25, a decrease of 465.28% compared to the same period last year[6] - The company reported a basic earnings per share of -CNY 0.04, a decrease of 500.00% year-on-year[6] - Total operating revenue for Q1 2018 was CNY 384,505,938.70, a decrease of 3.6% from CNY 397,944,340.69 in the previous period[25] - Net profit for Q1 2018 was a loss of CNY 9,860,323.44, compared to a loss of CNY 1,633,621.01 in the same period last year[27] - Total comprehensive income for the first quarter was -10,937,828.25 CNY, compared to 14,258,314.75 CNY in the previous period[29] Cash Flow - The net cash flow from operating activities was CNY 32,430,449.56, a decline of 73.76% year-on-year[6] - Net cash flow from operating activities was 32,430,449.56 CNY, a decrease of 73.8% from 123,598,691.19 CNY in the same period last year[31] - Cash inflow from operating activities totaled 547,929,040.61 CNY, down 15.4% from 647,449,794.05 CNY in the previous year[31] - Cash outflow from operating activities was 515,498,591.05 CNY, slightly decreased from 523,851,102.86 CNY year-over-year[31] - Net cash flow from investing activities was -16,833,578.92 CNY, compared to -52,980,953.24 CNY in the previous year, indicating a reduced cash outflow[31] - Cash flow from financing activities resulted in a net outflow of -89,615,979.04 CNY, an improvement from -99,147,147.27 CNY in the previous year[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,681,051,954.80, a decrease of 2.30% compared to the end of the previous year[6] - As of March 31, 2018, total assets amounted to 5,681,051,954.84 yuan, down from 5,814,784,614.66 yuan at the beginning of the year[20] - Current assets totaled 3,538,109,343.19 yuan, a decrease from 3,653,433,029.62 yuan at the beginning of the year[18] - The total liabilities as of March 31, 2018, were 3,570,946,516.72 yuan, down from 3,696,003,735.35 yuan at the beginning of the year[20] - Total liabilities decreased to CNY 2,790,504,716.38 from CNY 2,886,176,569.54[23] - The company's total equity was CNY 1,826,050,326.74, slightly down from CNY 1,835,038,314.31[23] Expenses - Financial expenses increased by 61.01% to CNY 27,683,839.39 due to increased exchange losses from the appreciation of the RMB[13] - Financial expenses increased to CNY 27,683,839.39 from CNY 17,193,641.04, reflecting a rise of 60.5%[27] - The company reported a significant increase in tax and additional expenses, totaling CNY 15,478,494.54, compared to CNY 3,305,844.50 in the previous period[25] Inventory and Borrowings - Inventory as of March 31, 2018, was 2,496,540,682.20 yuan, slightly up from 2,473,798,289.23 yuan at the beginning of the year[18] - Short-term borrowings increased by 45.27% to CNY 397,423,106.64 at the end of the period[12] - Short-term borrowings increased to 397,423,106.64 yuan from 273,569,745.96 yuan at the beginning of the year[19] Operational Focus - The company is focusing on improving operational efficiency and reducing costs in response to the declining revenue trend[27]