CS&S(SH:600536)2017-04-27 16:00Financial Performance - Total revenue for Q1 2017 was CNY 826,896,522.55, representing a 15.34% increase compared to CNY 716,905,006.09 in the same period last year[6] - Net profit attributable to shareholders was CNY -88,721,944.60, a decrease from CNY -43,914,000.76 year-on-year[6] - The net profit for the period was RMB -161,377,627.54, a decline of 124.67% compared to the previous year's net profit of RMB -71,855,292.87[12] - Net loss for Q1 2017 was CNY 161,377,627.54, compared to a net loss of CNY 71,855,292.87 in Q1 2016, representing a significant increase in losses[33] - Total comprehensive income for Q1 2017 was a loss of CNY 15.99 million, compared to a profit of CNY 15.99 million in the same period last year[37] Cash Flow - The net cash flow from operating activities was CNY -899,027,837.01, compared to CNY -545,204,862.45 in the previous year, indicating a worsening cash flow situation[6] - Cash flow from operating activities showed a net outflow of CNY 899.03 million, worsening from a net outflow of CNY 545.20 million in the same period last year[40] - Net cash flow from operating activities was -CNY 126,860,895.01, worsening from -CNY 97,092,661.01 year-over-year[42] - Cash inflow from investment activities totaled CNY 6,275,834.49, significantly up from CNY 2,310,696.00 in the same period last year[42] - The net increase in cash and cash equivalents was -CNY 125,974,682.24, compared to -CNY 178,654,723.03 in Q1 2016[43] Assets and Liabilities - Total assets decreased by 8.15% to CNY 5,481,714,961.20 from CNY 5,967,906,666.14 at the end of the previous year[6] - The company's cash and cash equivalents decreased by 37.56% from the beginning of the year, totaling RMB 1,251,604,082.49[11] - Total liabilities decreased to CNY 1,646,734,395.49 from CNY 1,738,578,623.74 at the start of the year, indicating a reduction in financial obligations[32] - The company's current liabilities totaled approximately 2.20 billion yuan, down from 2.60 billion yuan at the beginning of the year[27] - The company reported a significant increase in inventory, rising to approximately 1.03 billion yuan from 972.5 million yuan at the beginning of the year[26] Shareholder Information - The total number of shareholders was 44,733 at the end of the reporting period[10] - The largest shareholder, China Electronics Corporation, held 45.13% of the shares, totaling 223,190,246 shares[10] - The total equity attributable to shareholders of the parent company was CNY 1,975,312,300.38, down from CNY 2,064,015,242.81 at the beginning of the year[32] Operational Metrics - Operating costs increased by 34.34% year-on-year, amounting to RMB 562,580,913.92, leading to a decrease in gross margin compared to the previous year[12] - The weighted average return on net assets was -4.39%, down 2.14 percentage points from -2.25% in the previous year[6] - Basic and diluted earnings per share were both CNY -0.18, compared to CNY -0.09 in the same period last year[6] - The company reported an operating profit of CNY -182,517,022.53 for Q1 2017, worsening from CNY -134,527,905.39 in the previous year[33] Investments and Subsidiaries - The company is in the process of selling 90% of its stake in 天津中软软件系统有限公司, with a transaction price of RMB 165,940[16] - The company plans to reduce the registered capital of its subsidiary, 中软科技创业投资有限公司, from RMB 50 million to RMB 50,000, while maintaining the same shareholding ratios[15] - The company approved an increase in registered capital for 南京中软软件与技术服务有限公司 by RMB 9 million from retained earnings, raising the total to RMB 10 million[15] - The company is in the process of liquidating its subsidiaries Chengdu Xindian Technology Co., Ltd. and Chengdu Xindong Technology Co., Ltd.[5] - The company is also liquidating its subsidiary Zhongruan Gong'an[7] Legal Matters - The company received a lawsuit notification regarding a contract dispute, which is currently pending trial[20]