SBT(SH:600608)2018-04-27 16:00Financial Performance - Operating revenue for the period reached CNY 192,102,179.34, representing a significant increase of 590.79% year-on-year[10] - The company's net loss for the period was reported at CNY -766,619,681.26, compared to CNY -765,521,632.61 at the beginning of the year[18] - The total comprehensive loss attributable to the parent company for Q1 2018 was ¥1,098,048.65, an improvement from ¥6,150,307.16 in the previous year, reflecting a positive trend in overall financial performance[26] - The net loss for Q1 2018 was ¥1,142,787.24, an improvement from a net loss of ¥6,245,083.80 in Q1 2017, reflecting a reduction in losses of approximately 81.7%[25] - The company expects a potential loss for the first half of 2018 due to changes in the consolidation scope and significant financial costs, despite an increase in operating revenue and profit compared to the previous year[12] Assets and Liabilities - Total assets at the end of the reporting period were CNY 189,145,571.39, a decrease of 0.26% compared to the end of the previous year[7] - The company's total equity decreased from CNY 63,679,998.52 to CNY 62,537,211.28 during the reporting period[18] - Current liabilities totaled CNY 121,854,320.51, slightly up from CNY 121,210,541.83 at the beginning of the year[18] - The total liabilities as of the end of Q1 2018 amounted to ¥124,066,054.15, while total equity was ¥58,156,018.18, resulting in a debt-to-equity ratio of approximately 2.14[22] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 53,703,740.97, compared to an outflow of CNY 34,769,033.75 in the previous year[7] - The total cash inflow from operating activities was CNY 224,996,166.88, a significant increase from CNY 28,434,730.05 in the previous period, representing a growth of approximately 691%[28] - The net cash flow from operating activities was -CNY 53,703,740.97, compared to -CNY 34,769,033.75 in the same period last year, indicating a worsening performance[29] - The total cash outflow from operating activities was CNY 278,699,907.85, up from CNY 63,203,763.80, reflecting an increase of about 341%[29] - The company’s cash flow from operating activities was negatively impacted by increased payments for goods and services, totaling CNY 276,752,311.71[32] Inventory and Prepaid Accounts - Prepaid accounts increased by 62.02% to CNY 93,282,147.00, indicating a rise in advance payments for goods[10] - Inventory rose by 32.51% to CNY 61,602,321.57, reflecting increased purchases not yet sold[10] - Inventory increased from CNY 46,489,549.56 to CNY 61,602,321.57, indicating a growth of approximately 32.5%[16] Shareholder Metrics - The weighted average return on equity was -1.88%, indicating a negative performance in this metric[7] - Basic and diluted earnings per share were both -CNY 0.003, showing a decline from -CNY 0.02 in the previous year[7] - The total equity decreased slightly from ¥59,569,819.45 at the end of the previous quarter to ¥58,156,018.18, indicating a potential concern regarding shareholder value[22] Operational Costs - Total operating costs for Q1 2018 were ¥193,244,966.58, compared to ¥34,004,146.60 in the previous year, indicating an increase of about 468.4%[24] - Operating expenses for Q1 2018 included management expenses of ¥1,075,408.65, a decrease from ¥4,600,595.72 in the previous year, showing a cost-cutting effort[25] Asset Management - The company recorded an asset impairment loss of ¥390,748.18 in Q1 2018, compared to a gain of ¥40,509.00 in the same period last year, indicating potential issues with asset valuation[27] - The company has paid CNY 16,100,383.5 in employee compensation related to a major asset restructuring plan, with a total provision of CNY 16,851,498.5[11] Future Outlook - The company has not provided specific guidance for future performance or new product developments in the current report[24] - The company’s financial forecast is subject to change based on market conditions and operational performance[13] - The company has not included certain subsidiaries in its consolidation scope, which may impact future financial performance[12]