JAC(SH:600418)2017-04-27 16:00Financial Performance - Operating revenue decreased by 6.47% to CNY 13.67 billion year-on-year[7] - Net profit attributable to shareholders decreased by 2.19% to CNY 273.57 million[7] - Basic earnings per share decreased by 26.32% to CNY 0.14[7] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 17.52% to CNY 189.51 million[7] - Operating revenue for the current period is ¥12.79 billion, a decrease of 6.8% from ¥13.72 billion in the previous period[30] - Net profit for the current period is ¥170.43 million, down 20.4% from ¥214.10 million in the previous period[30] - Total comprehensive income for the current period is ¥169.97 million, down 21.2% from ¥216.13 million in the previous period[32] Cash Flow - Net cash flow from operating activities was negative at CNY -2.52 billion, a decrease of 247.89% compared to the same period last year[7] - Net cash flow from operating activities decreased by 4.22 billion yuan compared to the same period last year, mainly due to a decline in sales and cash collections[13] - Cash flow from operating activities shows a net outflow of ¥2.52 billion, contrasting with a net inflow of ¥1.70 billion in the previous period[34] - Cash inflow from financing activities totaled $2.26 billion, an increase from $1.99 billion year-over-year[36] - Net cash flow from financing activities decreased to $1.61 billion, down from $1.92 billion year-over-year[36] - The net increase in cash and cash equivalents was a decrease of $338.20 million, contrasting with an increase of $3.70 billion in the previous year[36] Assets and Liabilities - Total assets increased by 4.83% to CNY 51.59 billion compared to the end of the previous year[7] - Accounts receivable increased by 32.60% compared to the beginning of the year, primarily due to seasonal market growth and increased working capital[13] - Short-term borrowings increased by 87.52% compared to the beginning of the year, mainly due to new short-term borrowings during the reporting period[13] - Long-term borrowings increased by 44.82% compared to the beginning of the year, mainly due to new long-term borrowings during the reporting period[13] - The total liabilities increased to ¥25,302,600,683.35 from ¥23,321,327,886.83, marking an increase of 8.51%[24] - The company's equity increased to ¥13,220,554,234.47 from ¥13,048,175,883.07, reflecting a growth of 1.32%[24] Shareholder Information - The total number of shareholders reached 87,354 by the end of the reporting period[10] - The largest shareholder, Anhui Jianghuai Automobile Group Holding Co., Ltd., holds 23.55% of the shares[10] Operating Costs and Expenses - Total operating costs for Q1 2017 were ¥13,608,299,931.12, down 10.66% from ¥15,233,403,023.68 in the same period last year[27] - Sales expenses decreased by 56.81% compared to the same period last year, due to a reduction in sales volume and cost-saving measures[13] - The company reported a decrease in sales expenses to ¥330.66 million, down 57.0% from ¥771.80 million in the previous period[30] Other Income and Gains - Non-recurring gains and losses totaled CNY 84.06 million for the period[9] - Other income decreased by 84.81% compared to the same period last year, mainly due to a reduction in new energy vehicle sales and related subsidies[13] Future Plans - The company plans to focus on expanding market presence and enhancing product development strategies moving forward[30]