SHTD(SH:600647)2018-04-27 16:00Financial Performance - Operating revenue for the reporting period was CNY 14,806,579.12, representing a year-on-year increase of 6.07%[5] - Net profit attributable to shareholders was CNY 4,155,541.63, a significant decrease of 66.52% compared to the same period last year[5] - Basic earnings per share were CNY 0.0299, down 66.48% from CNY 0.0892 in the same period last year[5] - The profit attributable to shareholders of the parent company was CNY 4,155,541.63, compared to CNY 12,413,119.38 in the previous year, a decrease of about 66.5%[29] - The company reported an operating profit of CNY 9,250,535.08, down from CNY 21,317,847.49, a decrease of approximately 56.5%[28] - The total profit for Q1 2018 was CNY 9,255,125.80, compared to CNY 21,317,847.49 in the previous year, a decline of about 56.5%[28] - Total comprehensive income for Q1 2018 was CNY 2,783,228.85, compared to CNY 7,878,288.87 in the previous period[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 548,484,200.29, a decrease of 0.45% compared to the end of the previous year[5] - Total liabilities amounted to CNY 139,255,940.76, slightly down from CNY 140,776,615.00 in the previous year[28] - Total equity increased to CNY 325,394,663.03 from CNY 322,611,434.18, reflecting a growth of about 0.87%[28] Cash Flow - The net cash flow from operating activities was CNY 2,561,570.76, an increase of 2,303.02% compared to the previous year[5] - Cash inflow from operating activities totaled CNY 12,162,067.38, while cash outflow was CNY 9,600,496.62, resulting in a net cash flow of CNY 2,561,570.76[34] - Cash flow from investment activities generated a net inflow of CNY 905,074.55, down from CNY 96,068,176.59 in the previous year[35] - The company reported a net cash decrease of CNY 7,991,639.38 for the quarter, contrasting with an increase of CNY 97,735,049.25 in the same period last year[37] Government Support and Subsidies - The company received government subsidies amounting to CNY 4,243,500.00 during the reporting period[9] - Net cash flow from operating activities increased by 2303% year-on-year, primarily due to the receipt of government support funds during the period.[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,533[12] - The largest shareholder, Xinda Investment Co., Ltd., held 40.68% of the shares[12] Changes in Financial Standards - The company implemented revised financial instrument standards and revenue recognition standards starting from January 1, 2018, with no impact on prior period data[7] Other Financial Metrics - The weighted average return on net assets decreased by 2.02 percentage points to 1.24%[5] - Investment income decreased by 99% year-on-year, mainly due to gains from the disposal of equity in Zhongtou Vision in the same period last year.[15] - Impairment losses on assets increased by 600,000 yuan year-on-year, mainly due to inventory impairment at Tongda Trading during the period.[15] - Fair value changes in financial assets increased by 100% year-on-year, due to the implementation of revised financial instrument standards affecting the fair value of financial instruments held by the company.[15] - Income tax expenses decreased by 81% year-on-year, mainly due to a decrease in total profit during the period.[15] - Cash and cash equivalents at the end of the period amounted to CNY 207,349,309.60, compared to CNY 250,157,827.71 at the end of the previous period[35] Employee Compensation - Employee compensation payable decreased by 43% compared to the beginning of the year, mainly due to the payment of employee salaries during the period.[15] - The company paid CNY 4,659,630.66 to employees, a decrease from CNY 7,309,099.85 in the previous year[37] Revenue and Costs - Total operating costs decreased to CNY 11,823,242.48 from CNY 18,590,578.13, a reduction of about 36.4%[28] - Cash inflow from sales and services was CNY 7,720,475.61, down from CNY 10,844,194.99 in the previous year[37]