Teamsun(SH:600410)2017-04-27 16:00Financial Performance - Operating revenue for the period was CNY 957,972,506.28, reflecting a growth of 2.40% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 10,111,558.68, a decrease of 424.12% compared to the same period last year[6] - Basic earnings per share were reported at -0.0081 CNY, a decline of 195.29% compared to the previous year[6] - Total operating revenue for Q1 2017 was CNY 957,972,506.28, an increase from CNY 935,477,300.49 in the same period last year, representing a growth of approximately 2.0%[33] - Net profit for Q1 2017 was a loss of CNY 14,694,510.42, compared to a profit of CNY 4,228,735.90 in the previous year, reflecting a significant decline[33] - The company's total comprehensive income attributable to the parent company was -8,057,615.97 CNY, compared to 4,074,516.27 CNY in the previous year[36] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 761,251,047.87, worsening by 131.87% year-on-year[6] - The net cash flow from operating activities decreased by 131.87% to -¥761,251,047.87, mainly due to increased cash payments for purchases[16] - The net cash flow from operating activities for Q1 2017 was -746,116,542.66 RMB, compared to -378,361,885.37 RMB in the same period last year, indicating a decline in operational cash flow[42] - The company reported a net cash flow from investing activities of CNY 133,293,326.15, compared to a negative cash flow of -369,141,172.20 CNY in Q1 2016[40] - The net cash flow from investment activities improved to 33,561,779.30 RMB from -163,802,380.43 RMB year-over-year, showing a positive turnaround in investment performance[42] - The net cash flow from financing activities was 384,525,234.19 RMB, compared to -3,182,139.85 RMB in Q1 2016, demonstrating a significant improvement in financing operations[43] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 10,164,160,469.15, an increase of 0.68% compared to the end of the previous year[6] - The total current assets as of March 31, 2017, amounted to CNY 7.65 billion, a slight decrease from CNY 7.69 billion at the beginning of the year[25] - The total liabilities as of March 31, 2017, were CNY 4.69 billion, down from CNY 4.70 billion at the beginning of the year[26] - The company's equity attributable to shareholders was CNY 4,186,529,613.55, down from CNY 4,220,413,147.30, indicating a decrease of approximately 0.8%[30] - The company's non-current assets totaled CNY 2.52 billion, an increase from CNY 2.41 billion at the beginning of the year, representing a growth of approximately 4.6%[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 81,063[10] - The largest shareholder, Wang Weihang, held 91,913,216 shares, accounting for 8.32% of the total shares[11] Operational Costs - Total operating costs for Q1 2017 amounted to CNY 995,555,883.33, up from CNY 931,499,872.98, indicating an increase of about 6.9%[33] - The company incurred total operating costs of CNY 314,573,349.02, down from CNY 395,422,833.27 in the previous year[37] - The cash paid for goods and services was 1,231,371,508.63 RMB, up from 1,042,040,429.92 RMB in Q1 2016, indicating higher operational costs[42] Investment Performance - Investment income increased significantly by 1260.79% to ¥24,026,446.83, driven by higher returns from financial products and joint ventures[16] - The company reported an investment income of CNY 24,026,446.83 for Q1 2017, compared to a loss of CNY 2,069,837.04 in the same period last year, indicating a turnaround in investment performance[33] - The company achieved an investment income of CNY 8,346,880.27, compared to a loss of -1,378,818.87 CNY in Q1 2016[37] Other Financial Metrics - The weighted average return on equity decreased by 0.42 percentage points to -0.19%[6] - Management expenses increased by 31.27% to ¥87,249,982.45, primarily due to acquisition-related costs from the acquisition of GD Company[16] - Other current liabilities decreased by 42.61% to ¥72,548,169.19, influenced by tax reclassification effects[16] - The company recorded a 54.64% increase in other receivables to ¥138,103,405.44, mainly due to increased inter-company transactions[14]