FACS(SH:600651)2017-04-28 16:00Financial Performance - Operating revenue decreased by 27.92% to CNY 1,144,908,445.10 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 382.16% to a loss of CNY 58,114,760.52 compared to the same period last year[6] - Operating income from non-operating activities fell by 34% to 2,460,431.82 yuan, primarily due to a decrease in government subsidies[13] - The net profit for Q1 2017 was a loss of CNY 53,762,608.30, compared to a profit of CNY 25,327,445.65 in the previous year, indicating a significant decline[30] - The net profit for Q1 2017 was a loss of CNY 8,602,468.76, improving from a loss of CNY 25,027,121.34 in the previous year, representing a reduction in losses by approximately 65.6%[34] - The total comprehensive income for Q1 2017 was CNY -4,130,967.38, compared to CNY -35,559,545.94 in the same period last year, indicating a significant improvement[34] Assets and Liabilities - Total assets increased by 1.98% to CNY 12,077,707,848.08 compared to the end of the previous year[6] - Total current assets increased to 6,072,667,153.10 yuan from 5,791,502,580.30 yuan, reflecting a growth in liquidity[20] - Total liabilities increased to CNY 2,701,207,082.23 from CNY 2,434,451,119.40, representing a rise of approximately 11%[26] - The company's total assets reached 12,077,707,848.08 yuan, up from 11,843,293,540.04 yuan[20] - Short-term borrowings increased significantly to 2,899,812,858.81 yuan from 2,161,529,400.01 yuan, indicating a rise in leverage[21] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 528,867,747.26, an improvement from the previous year's outflow of CNY 547,100,314.69[6] - Cash received from operating activities increased by 38% to 62,307,629.66 yuan, primarily due to the recovery of bid deposits by a wholly-owned subsidiary[14] - Cash received from tax refunds decreased by 59% to 9,162,884.30 yuan, mainly due to tax refunds received in the first quarter of the previous year[14] - The cash flow from operating activities showed a net outflow of CNY -528,867,747.26, slightly improved from CNY -547,100,314.69 in the same period last year[37] - Cash inflow from operating activities totaled $54,950,558.03, up from $27,435,483.42, marking an increase of approximately 100.5%[40] - Cash outflow for operating activities decreased to $38,943,488.67 from $61,850,416.66, a reduction of about 37.0%[40] Shareholder Information - The number of shareholders reached 72,771 at the end of the reporting period[9] - The largest shareholder, Shanghai Yidian Electronics Group, holds 21.70% of the shares[9] Investments and Financing - The company plans to transfer 90% of the equity of Guizhou Shen'an Pannan Investment Co., Ltd. for at least 15,187.73 million yuan through public listing[16] - The company is in the process of acquiring 24% equity in Huaxin Securities, with an estimated valuation of 128,517.60 million yuan[15] - The company issued short-term financing bonds totaling 200 million yuan at an interest rate of 3.28%[17] - The company reported an investment income of CNY 9,053,940.11 for Q1 2017, down from CNY 10,514,109.64 in the previous year[30] - The company reported an investment income of CNY 22,998,190.17, which is an increase of 100.1% from CNY 11,438,355.08 in the previous year[33] Expenses - The company incurred sales expenses of CNY 6,480,828.26, which decreased by 34.6% from CNY 9,921,351.16 in the previous year[33] - The financial expenses for Q1 2017 were CNY 820,699.99, a significant decrease of 84.9% compared to CNY 5,432,342.04 in the same period last year[33] - The company’s management expenses increased to CNY 24,138,308.90, up from CNY 21,236,009.74, reflecting a rise of 13.7%[33]