SJA(SH:600609)2016-04-27 16:00Financial Performance - Operating revenue for the first quarter was ¥1,082,465,620.64, representing a decrease of 19.30% year-on-year [11]. - Net profit attributable to shareholders of the listed company was -¥15,587,152.49, a significant decline compared to -¥2,578,939.69 in the same period last year [11]. - Operating profit decreased by 51.78% year-on-year, attributed to a decline in operating revenue and gross profit [15]. - Net profit attributable to the parent company was a loss of CNY 9,965,417.99, compared to a profit of CNY 971,723.46 in the same period last year, representing a decrease of 1125.54% [15]. - The net profit for Q1 2016 was ¥21,337,495.56, compared to ¥37,466,615.67 in Q1 2015, reflecting a decline of 43.1% [25]. - The net profit for Q1 2016 was -30,829,564.17 RMB, worsening from -19,460,804.24 RMB in the same period last year, indicating a decline of about 58.67% [28]. - The total comprehensive income for Q1 2016 was -30,829,564.17 RMB, reflecting a decline from -19,460,804.24 RMB in the same period last year [28]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,085,475,252.35, an increase of 0.43% compared to the end of the previous year [11]. - Total assets as of March 31, 2016, amounted to CNY 10,085,475,252.35, with total liabilities of CNY 9,349,229,080.53 [19][20]. - Total liabilities decreased to ¥1,682,696,188.89 from ¥1,712,202,241.04, a reduction of 1.7% [23]. - The total equity attributable to owners was ¥547,365,442.48, down from ¥578,195,006.65, a decrease of 5.3% [23]. Cash Flow - Cash flow from operating activities was ¥6,861,377.51, a recovery from -¥374,079,032.61 in the previous year [11]. - The net cash flow from operating activities improved, primarily due to delayed payments for goods [14]. - The cash and cash equivalents at the end of the period increased to 1,928,753,153.63 RMB, up from 1,877,944,186.39 RMB at the beginning of the period, reflecting a net increase of 50,808,967.24 RMB [31]. - The company reported a cash outflow from investing activities of 55,755,661.41 RMB, slightly down from 59,638,093.33 RMB in the previous period [31]. - The cash inflow from financing activities was 523,231,452.45 RMB, compared to 937,924,945.02 RMB in the previous year, showing a decrease of approximately 44.2% [31]. Shareholder Information - The number of shareholders reached 86,498, with the top ten shareholders holding a combined 56.88% of shares [10]. Expenses - Management expenses decreased by 31.16% year-on-year, primarily due to reduced R&D expenses at the subsidiary Jinbei Jiangsen [13]. - Financial expenses increased by 92.40% year-on-year, mainly due to increased borrowing interest and bond interest payments by the parent company [13]. - The company incurred financial expenses of 18,933,601.36 RMB, which is significantly higher than 7,482,237.08 RMB in the previous period, indicating an increase of about 152.5% [28]. - The company paid 135,943,175.45 RMB to employees, a decrease from 151,181,804.92 RMB in the previous period, indicating a reduction of about 10.0% [30]. Development and Future Plans - The company plans to issue up to CNY 1.5 billion in non-public corporate bonds with a term of no more than 5 years [16]. - The company aims to sell 45,000 trucks in the domestic market and export 15,000 trucks in 2016 [16]. - The company is accelerating the relocation and transformation of Jinbei vehicles to create conditions for production in 2017 [17]. - The company is focusing on upgrading its auto parts products to high-end markets, with plans to launch new products such as the BMW 5 Series door panels and dashboards [17].