WSBE(SH:600421)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 26.02% to CNY 4,433,620.45 compared to the end of the previous year[6]. - Revenue for the period was CNY 0, a 100% decrease compared to CNY 8,213,914.13 in the previous year[6]. - Net loss attributable to shareholders was CNY -1,356,176.62, compared to a loss of CNY -7,248,139.80 in the previous year[6]. - The weighted average return on net assets was -43.01%[6]. - The company reported a cumulative net profit loss for the year-to-date period due to the suspension of operations at its only operating subsidiary, Shanghai Aobai Internal Combustion Engine Co., Ltd.[13]. - Net profit for Q1 2018 was a loss of CNY 1,906,786.77, compared to a loss of CNY 436,371.01 in the previous period[25]. - The company reported a total comprehensive income attributable to the parent company of CNY -1,559,357.11 for Q1 2018[25]. Assets and Liabilities - Total assets decreased by 3.95% to CNY 51,817,181.87 compared to the end of the previous year[6]. - The company's total liabilities were CNY 35,948,421.92, down from CNY 36,172,535.47, indicating a reduction of about 0.62%[18]. - The company's equity attributable to shareholders decreased to CNY 4,433,620.45 from CNY 5,992,977.55, a drop of about 26.06%[18]. - The company's total current assets decreased to CNY 8,745,320.05 from CNY 10,369,945.47, reflecting a decline of about 15.66%[16]. - The company's total liabilities amounted to CNY 36,791,490.19, with total equity at CNY 2,265,711.35[22]. - The total amount of non-current liabilities was CNY 1,400,000.00[22]. Cash Flow - Operating cash flow for the period was CNY -220,998.23, a decrease of 118.78% compared to the same period last year[6]. - Cash flow from operating activities for Q1 2018 was CNY 3,016,807.68, significantly lower than CNY 10,546,812.44 in the previous period[28]. - The net cash flow from operating activities for the first quarter of 2018 was -220,998.23 RMB, compared to a positive 1,177,087.03 RMB in the same period last year[29]. - The net cash flow from investment activities was -105,000.00 RMB, indicating a cash outflow for investments[29]. - The ending balance of cash and cash equivalents was 2,172,698.16 RMB, down from 1,517,285.44 RMB in the previous year[29]. - The company reported a decrease in cash received from operating activities, totaling 410,038.99 RMB, down from 950,034.41 RMB year-over-year[30]. Shareholder Information - The total number of shareholders at the end of the reporting period was 9,303[9]. - The largest shareholder, Zhejiang Hengshun Investment Co., Ltd., holds 19.50% of the shares[9]. Operational Status - The company has not reported any sales revenue during the reporting period due to the cessation of operations[11]. - The company plans to develop new businesses or acquire operational businesses to normalize operations, as the only operating company has ceased production[11]. - The company has not yet received a final decision regarding the investigation by the China Securities Regulatory Commission, which could lead to administrative penalties[12]. - The company is under risk of delisting if found guilty of significant violations related to information disclosure[12]. Other Financial Metrics - The cash and cash equivalents decreased to CNY 2,172,698.16 from CNY 2,393,696.39, representing a decline of approximately 9.23%[16]. - Accounts receivable remained stable at CNY 5,490,769.07, unchanged from the beginning of the year[16]. - The company’s other receivables increased significantly to CNY 1,008,712.00 from CNY 8,712.00, marking a substantial rise of approximately 11,500%[16]. - Management expenses for Q1 2018 were CNY 2,096,704.23, an increase from CNY 1,104,103.63 in the previous period[25]. - Sales expenses for Q1 2018 were CNY 13,700.00, down from CNY 433,262.78 in the previous period[25]. - Basic and diluted earnings per share for Q1 2018 were both CNY -0.008, compared to CNY -0.002 in the previous period[26].