AJ GROUP(SH:600643)2018-04-27 16:00Financial Performance - Total assets increased by 7.56% to CNY 18,016,263,242.99 compared to the end of the previous year[6] - Operating revenue rose by 34.53% to CNY 130,948,454.21 year-on-year[6] - Net profit attributable to shareholders increased by 55.39% to CNY 194,156,145.14 compared to the same period last year[6] - The weighted average return on equity improved by 0.15 percentage points to 2.14%[6] - Basic earnings per share increased by 28.09% to CNY 0.114[6] Cash Flow - The net cash flow from operating activities was negative at CNY -2,168,319,185.89, a significant decline compared to CNY -375,440,579.47 in the previous year[6] - Net cash flow from operating activities decreased significantly by 477.54% to -CNY 2,168,319,185.89 from -CNY 375,440,579.47, mainly due to increased loans from consolidated financing trust plans[16] - Net cash flow from investing activities dropped by 745.76% to -CNY 1,523,460,443.29 from CNY 235,919,084.23, primarily due to increased investments in trust plans[16] - Net cash flow from financing activities increased by 1401.21% to CNY 3,711,498,147.38 from CNY 247,233,807.52, driven by inflows from consolidated trust funds[16] Shareholder Information - The total number of shareholders reached 73,292 by the end of the reporting period[9] - Shanghai Junyao Group Co., Ltd. held 22.08% of shares, making it the largest shareholder[9] - Guangzhou Industrial Investment Fund Management Co., Ltd. acquired 104,883,445 shares during the offer period, increasing its stake[11] Capital Structure - The company completed a non-public offering of up to 184,782,608 shares, with the total share capital changing to 1,621,922,452 shares[10] - The company completed a non-public offering of 184,782,608 shares, increasing total share capital to 1,621,922,452 shares[20] Investment Activities - Interest income rose by 48.37% to CNY 30,761,152.61 from CNY 20,732,767.27, mainly due to the consolidation of financing trust plans[14] - Operating costs surged by 59.45% to CNY 86,211,839.11 from CNY 54,069,120.51, attributed to higher costs in import and export trade[14] - Investment income fell by 191.99% to -CNY 33,251,817.69 from CNY 36,145,269.19, mainly due to losses from the disposal of investment products[15] Regulatory and Strategic Developments - The company announced the termination of the major asset restructuring plan due to the inability to obtain actual control over the target assets, which is now classified as an external investment[24] - The company’s subsidiary, Aijian Trust, agreed to invest in Qujing Commercial Bank, acquiring a 19.5% stake, making it the largest shareholder[25] - Aijian Trust paid a capital injection intention fee of RMB 50 million to Qujing Commercial Bank, which will accrue interest until the funds are returned[26] - The company is in discussions regarding a strategic cooperation framework with Junyao Group and Guangzhou Industrial Investment Fund Management Co., Ltd. related to the acquisition[31] - The company plans to disclose the details of the acquisition proposal and related documents in compliance with regulatory requirements[32] - The company will continue to monitor the regulatory environment and adjust its strategies accordingly to protect investor interests[24] Debt and Legal Matters - The company confirmed a debt of CNY 1.9 billion owed by Harbin Aida, with the actual controller bearing unlimited joint liability[36] - The company has actively pursued legal actions to recover debts related to the Harbin Trust Plan, which has faced significant repayment risks due to the economic crimes of the actual controller of Harbin Aida[36] Asset Management - The company’s long-term equity investments increased to CNY 2.04 billion from CNY 1.99 billion, indicating a strategic focus on long-term growth[39] - The company’s non-current liabilities, including long-term borrowings, rose to CNY 2.42 billion from CNY 2.34 billion, reflecting ongoing financing activities[40] - The company’s receivables from accounts increased to CNY 123 million, up from CNY 121.6 million, showing a stable collection performance[39] - The company’s inventory remained stable at approximately CNY 8.65 million, indicating effective inventory management practices[39] Quarterly Performance - Total operating revenue for Q1 2018 was CNY 460,572,179.08, an increase of 16.1% compared to CNY 396,547,255.49 in the same period last year[48] - Net profit for Q1 2018 reached CNY 177,475,683.93, up 38.1% from CNY 128,517,516.50 in Q1 2017[49] - Total assets as of March 31, 2018, amounted to CNY 9,182,423,534.29, compared to CNY 7,457,082,589.92 at the beginning of the year, reflecting a growth of 23.1%[45] - Total liabilities increased to CNY 3,092,593,379.06, up from CNY 2,990,110,359.17, representing a rise of 3.4%[45] - The company's equity attributable to shareholders rose to CNY 6,089,830,155.23, a significant increase of 36.4% from CNY 4,466,972,230.75[45] - Cash and cash equivalents increased to CNY 627,875,993.51, compared to CNY 129,812,178.09 at the beginning of the year, marking a growth of 384.5%[43] - The company reported a decrease in total operating costs to CNY 171,394,666.00, down 26.7% from CNY 233,973,601.33 in the previous year[49] - Long-term investments increased to CNY 6,819,679,053.54, up from CNY 5,610,109,627.31, indicating a growth of 21.5%[44] - The company’s financial expenses decreased to CNY 31,946,151.25, down from CNY 27,218,212.92, reflecting improved cost management[49] - The company’s deferred income tax liabilities decreased to CNY 29,692,381.83 from CNY 32,517,293.76, a reduction of 8.3%[45] Cash Management - The company's cash flow management strategies appear to be improving, as evidenced by the reduction in net cash outflow from operating activities and the significant increase in cash from financing activities[62] - The ending cash and cash equivalents balance was CNY 1,421,793,201.45, up from CNY 1,103,734,339.48 at the end of Q1 2017, representing an increase of approximately 28.8%[57] - The net cash flow from operating activities was -76,046,933.86 RMB, an improvement from -162,021,145.43 RMB in the previous period, indicating a reduction in cash outflow[59] - The cash received from other operating activities decreased significantly to 14,618,427.28 RMB from 51,854,602.42 RMB, highlighting a decline in operational cash inflows[59] - The company paid 21,719,635.00 RMB to employees, an increase from 20,786,508.38 RMB in the previous period, reflecting rising labor costs[59] - The cash paid for taxes remained relatively stable at 7,647,462.73 RMB compared to 7,677,050.77 RMB in the previous period, indicating consistent tax obligations[59]