FOUNDERTECH(SH:600601)2018-04-27 16:00Financial Performance - Operating revenue for the period was CNY 1,104,724,487.16, a slight increase of 0.05% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 76,267,986.79, an improvement from a loss of CNY 95,354,927.34 in the same period last year[6] - The weighted average return on equity was -2.52%, slightly improved from -2.59% year-on-year[6] - The basic earnings per share were -CNY 0.0347, an improvement from -CNY 0.0434 in the previous year[6] - Net profit for Q1 2018 was a loss of CNY 75,478,046.80, compared to a loss of CNY 95,727,863.29 in the previous year, indicating an improvement of 21.14%[30] - The total comprehensive income attributable to the parent company was CNY -78,665,644.14, compared to CNY -94,515,829.91 in the same period last year[31] Assets and Liabilities - Total assets increased by 2.47% to CNY 11,407,201,157.97 compared to the end of the previous year[6] - Total assets of the company amounted to ¥11,407,201,157.97, up from ¥11,131,751,965.19[21] - Total liabilities rose to CNY 3,085,682,686.13 from CNY 2,901,455,351.25, an increase of 6.32%[26] - The total liabilities increased to ¥7,024,246,545.56 from ¥7,272,720,218.47, indicating a reduction in current liabilities[21] - Accounts receivable decreased by 31% to CNY 211,567,578.12, indicating a lower proportion of bill collections during the reporting period[13] Cash Flow - Cash flow from operating activities showed a reduced outflow of CNY 155,051,173.23, compared to an outflow of CNY 313,587,343.66 in the previous year[6] - The net cash flow from operating activities was CNY -155,051,173.23, an improvement from CNY -313,587,343.66 year-over-year[36] - Cash inflow from financing activities reached CNY 870,000,000.00, up from CNY 150,000,000.00, indicating a growth of 480%[40] - The net cash flow from financing activities was CNY 493,559,593.18, compared to CNY 137,486,837.49 in the previous period, marking an increase of approximately 259%[40] - Cash received from sales of goods and services was CNY 4,185,495.78, compared to CNY 1,919,310.09, representing an increase of about 118%[39] Shareholder Information - The number of shareholders at the end of the reporting period was 239,960[10] - The largest shareholder, Peking University Founder Group, held 255,613,016 shares, representing 11.65% of total shares[10] Government Support and Legal Issues - The company received government subsidies amounting to CNY 2,230,138.84, which are closely related to its normal business operations[7] - The company faced 306 lawsuits related to false statements, with a total claim amount of ¥63,273,842.94[15] Borrowings and Financial Expenses - Long-term borrowings rose significantly by 203%, reaching ¥808,889,157.89 compared to ¥267,246,751.17 in the previous period[20] - Financial expenses increased by 61% to ¥63,517,011.53, attributed to higher interest payments due to increased borrowings[20] - The company incurred financial expenses of CNY 32,618,218.29, an increase from CNY 26,062,875.48 in the previous year[34] Other Financial Metrics - The company reported a decrease in prepaid expenses by 36%, down to ¥151,880,488.14 from ¥237,892,717.38[20] - The company reported a decrease in employee compensation payable from CNY 1,174,779.93 to CNY 836,779.93, a reduction of 29.00%[26] - The total equity attributable to shareholders decreased to CNY 2,986,641,784.91 from CNY 3,065,307,429.05, a decline of 2.58%[26]