FOUNDERTECH(SH:600601)2017-04-24 16:00Financial Performance - Operating revenue for the period was CNY 1,104,216,616.06, a decrease of 7.69% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 95,354,927.34, compared to a loss of CNY 55,060,014.89 in the same period last year[6] - Basic earnings per share were -0.0434 CNY, compared to -0.0251 CNY in the same period last year[6] - Operating profit was reported at -¥113,255,419.30, a decline of ¥47,388,901.31 compared to -¥65,866,518.04, primarily impacted by decreased profitability in software and broadband services[12] - Net profit for Q1 2017 was a loss of CNY 95,727,863.29, worsening from a loss of CNY 55,307,339.13 in Q1 2016[25] - The company's operating revenue for Q1 2017 was CNY 2,725,534.99, an increase of 62.0% compared to CNY 1,683,093.36 in the same period last year[27] - The net profit for Q1 2017 was a loss of CNY 27,228,511.72, compared to a loss of CNY 18,156,875.29 in Q1 2016, indicating a worsening performance[27] - The total comprehensive income for Q1 2017 was CNY -25,837,491.72, compared to CNY -24,563,275.29 in the same period last year[28] Assets and Liabilities - Total assets decreased by 1.39% to CNY 10,409,959,680.92 compared to the end of the previous year[6] - Total liabilities as of March 31, 2017, were CNY 2,759,902,797.36, up from CNY 2,545,812,124.16 at the start of the year[23] - Current assets totaled CNY 1,268,910,221.86, an increase from CNY 1,081,502,331.36 at the beginning of the year[22] - The total equity attributable to shareholders of the parent company decreased to CNY 2,277,336,574.39 from CNY 2,303,174,066.11[23] Cash Flow - Cash flow from operating activities was a negative CNY 313,587,343.66, slightly improved from a negative CNY 316,380,980.11 in the previous year[6] - The net cash flow from operating activities for Q1 2017 was a negative CNY 313,587,343.66, slightly improved from a negative CNY 316,380,980.11 in Q1 2016[30] - The company experienced a cash outflow from investing activities of CNY 205,192,233.75 in Q1 2017, compared to CNY 227,261,111.06 in Q1 2016[30] - The cash inflow from financing activities in Q1 2017 was CNY 770,884,896.95, significantly higher than CNY 425,888,083.35 in the previous year[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 262,579[9] - The largest shareholder, Peking University Founder Information Industry Group Co., Ltd., held 255,613,016 shares, representing 11.65% of the total shares[9] Government Subsidies and Tax - The company received government subsidies amounting to CNY 4,287,794.96 related to its normal business operations[7] - Tax payable decreased significantly by 79% to ¥20,371,444.77 from ¥95,635,648.48, attributed to a large amount of VAT and income tax payable in the previous period[12] - Tax refunds received surged by 184% to ¥31,336,775.69 from ¥11,038,820.98, primarily driven by increased export tax rebates in the PCB business[12] Other Financial Metrics - The weighted average return on net assets was -2.59%, down from -1.52% in the same period last year[6] - Financial expenses increased by 32% to ¥39,332,988.76 from ¥29,750,191.45 due to higher interest expenses from increased loans[12] - The company reported a financial expense of CNY 26,062,875.48 in Q1 2017, up from CNY 18,055,783.78 in Q1 2016, reflecting increased borrowing costs[27]