CORUN(SH:600478)2017-04-28 16:00Financial Performance - Operating revenue for the first quarter was ¥402,875,494.02, representing a decrease of 6.99% year-on-year[6]. - Net profit attributable to shareholders of the listed company was -¥26,969,962.77, an improvement from -¥41,909,101.24 in the same period last year[6]. - Basic and diluted earnings per share were both -¥0.024, compared to -¥0.038 in the same period last year[6]. - Total operating revenue for Q1 2017 was ¥402,875,494.02, a decrease of 6.3% compared to ¥433,157,529.45 in the same period last year[26]. - Net loss for Q1 2017 was ¥50,388,431.84, compared to a net loss of ¥42,596,027.10 in Q1 2016, representing an increase in loss of 18.5%[27]. - The company's gross profit margin decreased to -14.5% in Q1 2017 from -11.8% in Q1 2016[27]. - The total comprehensive income for Q1 2017 was -¥45,058,777.26, compared to -¥36,826,756.97 in Q1 2016, indicating a worsening of 22.5%[28]. Cash Flow - Cash flow from operating activities showed a net outflow of -¥83,048,932.72, compared to -¥7,657,469.87 in the previous year, indicating a significant decline[6]. - The net cash flow from operating activities was -83,048,932.72 RMB, a significant decline compared to -7,657,469.87 RMB in the previous period, indicating a worsening operational cash flow situation[34]. - Total cash inflow from financing activities was 624,450,652.45 RMB, down from 929,350,922.10 RMB in the previous period, reflecting a decrease in financing activities[35]. - The net cash flow from investing activities was -140,496,426.76 RMB, compared to -31,035,648.76 RMB in the previous period, showing increased cash outflow for investments[34]. - The company reported a total cash outflow from financing activities of 547,099,713.02 RMB, significantly higher than 263,556,939.48 RMB in the previous period[35]. - Cash inflow from operating activities totaled 223,795,155.00 RMB, a sharp decline from 566,876,614.67 RMB in the previous period, indicating reduced sales or service revenue[36]. - Cash outflow for employee payments was 71,083,742.21 RMB, an increase from 60,736,718.78 RMB in the previous period, reflecting higher labor costs[34]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,299,468,595.95, an increase of 1.37% compared to the end of the previous year[6]. - Current assets totaled CNY 2,116,938,395.02, down from CNY 2,176,537,873.25 at the beginning of the year, reflecting a decrease of approximately 2.73%[19]. - Non-current assets increased to CNY 3,182,530,200.93 from CNY 3,051,129,157.29, representing an increase of about 4.30%[19]. - Total liabilities decreased to CNY 2,936,289,121.29 from CNY 3,010,268,778.62, a reduction of approximately 2.45%[20]. - Current liabilities totaled CNY 1,461,498,192.12, down from CNY 1,542,901,856.11, indicating a decrease of about 5.28%[20]. - The company's total equity increased to CNY 2,363,179,474.66 from CNY 2,217,398,251.92, representing an increase of about 6.58%[20]. Shareholder Information - The total number of shareholders at the end of the reporting period was 50,138[11]. - The largest shareholder, Hunan Keli Yuan High-tech Group, held 246,012,243 shares, accounting for 17.69% of the total shares[11]. Research and Development - Research and development expenses increased by 5.19% to RMB 999,285,677.77, primarily due to increased investment by the subsidiary CHS[14]. - The company has completed 50% of the construction for the CHS project in Foshan, with plans to enter mass production within 2017[16]. - The first HEV and PHEV powertrain systems have been launched for sale[16]. - The company has established a project supervision group to enhance management and communication with local government for the CHS project[16]. Financial Adjustments - Non-operating income included government subsidies amounting to ¥7,353,775.27[8]. - The company reported a total of ¥5,871,230.65 in non-recurring gains and losses after tax adjustments[5]. - Investment income for Q1 2017 was -¥288,780.35, an improvement from -¥6,092,158.03 in Q1 2016[27].