GUOTONG PP(SH:600444)2018-04-18 16:00Financial Performance - Net profit attributable to shareholders decreased by 126.71% to a loss of CNY 2,942,176.35 compared to the same period last year[6]. - Operating revenue decreased by 6.96% to CNY 85,232,828.19 compared to the same period last year[6]. - Basic earnings per share decreased by 125.00% to CNY -0.02 compared to CNY 0.08 in the same period last year[6]. - The weighted average return on net assets decreased by 3.75 percentage points to -0.58%[6]. - Total operating revenue for Q1 2018 was ¥85,232,828.19, a decrease of 6.5% from ¥91,613,310.94 in the previous period[22]. - The net profit for Q1 2018 was a loss of ¥2,942,176.35, compared to a profit of ¥10,286,501.57 in the same period last year, indicating a significant decline[24]. - The total profit for Q1 2018 was a loss of ¥2,815,009.47, down from a profit of ¥12,781,310.39 in the same period last year[22]. - Operating profit for Q1 2018 was a loss of ¥3,045,708.40, compared to a profit of ¥12,555,546.38 in the previous year[22]. Assets and Liabilities - Total assets decreased by 2.30% to CNY 808,494,768.31 compared to the end of the previous year[6]. - Total current assets decreased from ¥666,914,661.98 at the beginning of the year to ¥648,768,705.93, a decline of approximately 2.2%[14]. - Total liabilities decreased from ¥317,535,202.30 to ¥301,275,752.60, a decline of about 5.1%[16]. - Total owner's equity decreased from ¥510,013,668.05 to ¥507,219,015.71, a reduction of approximately 0.5%[16]. - Non-current assets slightly decreased from ¥160,634,208.37 to ¥159,726,062.38, a decline of about 0.6%[15]. - Total assets decreased from ¥827,548,870.35 to ¥808,494,768.31, a reduction of approximately 2.3%[15]. Cash Flow - Net cash flow from operating activities improved to CNY -25,868,332.58 from CNY -70,188,211.75 in the previous year, indicating a significant reduction in cash outflow[6]. - Total cash inflow from operating activities was 108,090,272.83 RMB, while cash outflow was 133,958,605.41 RMB, resulting in a net cash flow of -25,868,332.58 RMB[31]. - The cash flow from investment activities was -1,803,940.10 RMB, significantly lower than the previous period's inflow of 115,903,800.00 RMB[35]. - Cash inflow from financing activities was 25,000,000.00 RMB, while cash outflow totaled 31,469,154.49 RMB, leading to a net cash flow of -6,469,154.49 RMB[35]. - The company reported a net increase in cash and cash equivalents of -27,697,042.68 RMB, compared to -84,692,893.64 RMB in the previous period[32]. Shareholder Information - The total number of shareholders at the end of the reporting period was 8,912[10]. - The largest shareholder, Hefei General Machinery Research Institute Co., Ltd., held 36.82% of the shares[10]. Government Support - The company received government subsidies amounting to CNY 221,225.01 during the reporting period[8]. Other Financial Indicators - There were no significant changes in major accounting items or financial indicators during the reporting period[12]. - Cash and cash equivalents decreased from ¥192,587,978.59 to ¥162,652,342.23, a reduction of about 15.6%[14]. - Accounts receivable decreased from ¥229,881,190.36 to ¥222,851,486.84, a decrease of approximately 3.1%[14]. - Inventory increased from ¥99,603,949.79 to ¥105,653,621.88, an increase of about 6.5%[14]. - The company reported a decrease in accounts payable from ¥121,140,565.21 to ¥116,026,057.06, a decline of approximately 4.6%[15]. - The company’s prepayments increased from ¥80,057,657.90 to ¥85,098,579.71, an increase of about 6.5%[14]. - Management expenses increased to ¥18,034,425.84 from ¥16,503,673.26, reflecting a rise of 9.3%[22]. - Financial expenses showed a significant improvement, with a net income of -¥712,278.85 compared to a loss of ¥1,894,483.10 in the previous period[22]. - The company reported an asset disposal gain of ¥22,355,742.05 in the previous period, which was not repeated in the current report[22].