CS&S(SH:600536)2018-04-26 16:00Financial Performance - Net profit attributable to shareholders was CNY -107,931,003.54, a decrease from CNY -88,721,944.60 in the same period last year[5] - Operating revenue fell by 31.65% to CNY 565,220,865.05 from CNY 826,896,522.55 year-on-year[5] - The weighted average return on net assets decreased by 0.87 percentage points to -5.26%[5] - The company’s basic and diluted earnings per share were both CNY -0.22, compared to CNY -0.18 in the previous year[5] - The company expects a cumulative net profit attributable to shareholders to remain in a loss position due to significant investments in key business projects[23] - Net profit for Q1 2018 was a loss of ¥152,370,606.94, compared to a loss of ¥161,377,627.54 in Q1 2017, showing an improvement of 6.2%[34] - Basic and diluted earnings per share for Q1 2018 were both -¥0.22, compared to -¥0.18 in Q1 2017[35] - The total comprehensive loss for Q1 2018 was ¥152,346,964.30, compared to a loss of ¥161,353,874.83 in Q1 2017[35] Assets and Liabilities - Total assets decreased by 10.75% to CNY 4,704,466,054.05 compared to the end of the previous year[5] - The company's total liabilities decreased from CNY 2,747,741,662.40 to CNY 2,331,712,101.59, reflecting a reduction of about 15.14%[28] - The total equity of the company as of March 31, 2018, was CNY 2,372,753,952.46, down from CNY 2,523,529,533.83, indicating a decrease of approximately 5.95%[28] - The company's total assets were ¥2,991,679,960.45, down from ¥3,131,336,655.04 in the previous quarter[34] Cash Flow - Cash flow from operating activities was CNY -572,918,740.62, an improvement from CNY -899,027,837.01 in the previous year[5] - The net cash flow from operating activities was -CNY 572,918,740.62, an improvement from -CNY 899,027,837.01 in the same period last year[38] - The total cash inflow from operating activities was CNY 685,601,143.41, down 13.6% from CNY 793,220,866.54 in the previous year[37] - The total cash outflow from operating activities was CNY 1,258,519,884.03, down 25.7% from CNY 1,692,248,703.55 in the previous year[38] - The cash flow from investment activities showed a net outflow of -CNY 9,513,860.68, compared to -CNY 42,512,899.91 in the previous year, indicating a significant reduction in investment losses[38] - The company reported a net cash outflow of -CNY 34,316,962.96 from financing activities, a decrease from a net inflow of CNY 190,232,099.32 in the same period last year[38] Shareholder Information - The number of shareholders reached 48,123, with the largest shareholder holding 45.13% of the shares[9] Government Support - The company received government subsidies amounting to CNY 8,335,561.46, closely related to its normal business operations[5] Investment and Restructuring - Investment income increased by 129.90% to ¥7,023,303.14 compared to the previous period[12] - The company disposed of assets worth ¥677.59 million to establish a new subsidiary focused on mobile payment services[17] - The company is undergoing restructuring, including the acquisition of a subsidiary for ¥1 and increasing its registered capital from ¥300,000 to ¥5,000,000[17] - The company plans to transfer 92% of its stake in a subsidiary through public listing at a nominal price of ¥1[18] Tax and Expenses - The company reported a significant increase in income tax expenses by 232.59% to ¥2,783,076.03 due to higher tax provisions[12]