FACS(SH:600651)2018-04-27 16:00Financial Performance - Operating revenue for the first quarter was ¥791,358,485.17, a decrease of 30.88% year-on-year[6] - Net profit attributable to shareholders of the listed company was a loss of ¥197,774,286.87, representing a decline of 240.32% compared to the same period last year[6] - Basic and diluted earnings per share were both -¥0.201, a decrease of 240.68% year-on-year[6] - Revenue decreased by 30% to ¥580,803,012.63 compared to the previous period, leading to a corresponding reduction in costs[13] - Investment income dropped by 73% to ¥2,415,226.31, primarily due to reduced returns from Huaxin Securities[13] - The company reported a significant increase in tax payments by 37% to ¥149,552,923.59, primarily due to tax adjustments[13] - The company reported a net loss of CNY 199,033,602.25 for the first quarter of 2018, compared to a net loss of CNY 53,762,608.30 in the same period last year[27] - The company reported a comprehensive loss of CNY 48,701,184.18 for the quarter, compared to a loss of CNY 4,130,967.38 in the previous year[31] Assets and Liabilities - Total assets at the end of the reporting period reached ¥15,726,809,411.74, an increase of 1.12% compared to the previous year[6] - Total liabilities rose to CNY 12,219,953,100.44 from CNY 11,977,824,026.79, an increase of 2.02%[19] - Current liabilities totaled CNY 8,846,048,784.68, up from CNY 8,793,634,897.30, reflecting a growth of 0.60%[19] - Non-current liabilities increased to CNY 3,373,904,315.76 from CNY 3,184,189,129.49, a rise of 5.94%[19] - Owner's equity decreased to CNY 3,506,856,311.30 from CNY 3,575,214,395.14, a decline of 1.91%[19] Cash Flow - The net cash flow from operating activities improved significantly, with a loss of ¥119,171,246.77, an increase of 77.47% compared to the previous year[6] - Cash received from tax refunds increased by 241% to ¥31,274,077.10, mainly due to higher export tax rebates[13] - Cash paid for fixed assets decreased by 68% to ¥14,251,725.09, reflecting reduced long-term asset investments[13] - Cash inflows from operating activities totaled CNY 1,345,677,494.23, an increase from CNY 1,198,252,650.62 year-over-year[32] - The net cash flow from operating activities for Q1 2018 was -119,171,246.77 RMB, an improvement from -528,867,747.26 RMB in the previous period[33] - Total cash inflow from financing activities was 878,640,504.04 RMB, compared to 1,061,284,176.39 RMB in the prior period, indicating a decrease of approximately 17.2%[33] - The total cash outflow from investing activities was 17,251,725.09 RMB, significantly lower than 45,023,486.67 RMB in the prior period, showing a reduction of about 61.7%[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 64,481, with the top ten shareholders holding a combined 66.99% of the shares[9] Other Financial Metrics - Financial expenses increased by 70% to ¥63,810,692.98 due to higher interest from increased borrowings[13] - Interest payable increased by 202% to ¥21,221,655.71, attributed to increased borrowings[12] - Other current liabilities rose by 104% to ¥46,839,559.37, mainly due to increases from Xiwannian Group[12] - Other comprehensive income showed a significant recovery, increasing by 112% to ¥6,422,264.94, primarily due to foreign currency translation adjustments[12] - Cash and cash equivalents rose significantly to CNY 268,330,570.44 from CNY 78,243,052.98, an increase of 243.36%[21] - Total current assets increased to CNY 3,665,077,084.05 from CNY 3,476,045,601.52, a growth of 5.45%[22] - Total non-current assets amounted to CNY 3,996,735,741.67, slightly up from CNY 3,988,755,257.01, indicating a growth of 0.20%[22]