JAC(SH:600418)2018-04-26 16:00Financial Performance - Operating revenue decreased by 6.12% to CNY 12.86 billion year-on-year[6] - Net profit attributable to shareholders decreased by 23.46% to CNY 209.40 million[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 154.79 million, a decrease of 181.68%[6] - Basic and diluted earnings per share decreased by 21.43% to CNY 0.11[6] - The company reported a net profit margin decline due to increased costs, with operating costs exceeding revenue for the quarter[23] - Net profit for Q1 2018 was CNY 145,094,581.25, down 43.36% from CNY 256,354,975.12 in the same period last year[24] - Operating profit for Q1 2018 was CNY 158,328,540.96, compared to CNY 285,654,848.38 in Q1 2017, reflecting a decline of 44.51%[24] - Total comprehensive income for Q1 2018 was CNY 142,705,199.59, a decrease of 44.19% from CNY 255,826,624.16 in the previous year[25] Assets and Liabilities - Total assets increased by 16.30% to CNY 51.77 billion compared to the end of the previous year[6] - Total assets reached 51.77 billion RMB, up from 44.51 billion RMB at the beginning of the year[17] - Total liabilities increased to 34.82 billion RMB, compared to 27.68 billion RMB at the beginning of the year[17] - Total liabilities reached CNY 36,366,225,474.04, compared to CNY 29,261,000,995.26, marking an increase of 24.3%[18] - Non-current liabilities totaled CNY 5,889,555,552.93, up from CNY 4,304,626,292.94, an increase of 36.8%[18] - Shareholders' equity increased to CNY 15,399,277,235.65 from CNY 15,249,291,697.01, a rise of 1.0%[18] Cash Flow - Cash flow from operating activities was a net outflow of CNY 2.51 billion, not applicable for year-on-year comparison[6] - Cash flow from operating activities was CNY 5,199,998,607.96, down from CNY 7,262,271,150.50 in the previous year, indicating a decline of 28.43%[31] - The net cash flow from operating activities was -2,508,430,992.87 CNY, showing a slight improvement from -2,518,396,062.60 CNY in the previous period[32] - The company received 4,657,830,020.00 CNY from borrowings, contributing to a total cash inflow from financing activities of 5,126,363,589.98 CNY[33] - The net cash flow from financing activities was 4,773,799,990.31 CNY, significantly higher than the previous period's 1,583,671,635.50 CNY[33] - The ending balance of cash and cash equivalents was 10,332,088,443.07 CNY, compared to 13,602,692,105.99 CNY in the previous period[33] Shareholder Information - Total number of shareholders reached 96,813 at the end of the reporting period[10] - The largest shareholder, Anhui Jianghuai Automobile Group Holding Co., Ltd., holds 23.63% of the shares[10] Operational Metrics - Sales expenses rose by 39.80% year-on-year, primarily due to increased sales commissions[12] - Other income increased by 349.25% year-on-year, mainly due to an increase in government subsidies received[12] - The company reported a significant increase in sales expenses, totaling CNY 578,047,580.61, up 39.93% from CNY 413,493,013.43 in the previous year[24] - Investment income decreased to CNY 34,434,196.16 from CNY 82,226,447.67, representing a decline of 58.06%[24] - The company experienced an asset impairment loss of CNY 108,645,611.80, which is an increase from CNY 74,577,949.30 in the previous year[24] Inventory and Receivables - Accounts receivable increased by 66.40% compared to the beginning of the year, mainly due to seasonal market growth and increased working capital[12] - Inventory rose by 44.92% year-to-date, attributed to seasonal market growth and increased stock preparation[12] - Accounts receivable rose to CNY 2,862,741,886.64, up from CNY 1,062,417,726.97, indicating a significant increase of 169.5%[20] - Inventory increased to CNY 1,568,004,553.78 from CNY 1,040,189,062.27, reflecting a growth of 50.8%[21]