FW(SH:600742)2016-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 9.85% to CNY 74,166,106.29 year-on-year[6] - Operating revenue declined by 2.23% to CNY 2,687,060,644.42 compared to the same period last year[6] - Basic earnings per share decreased by 10.26% to CNY 0.35[6] - The weighted average return on equity decreased by 0.39 percentage points to 1.85%[6] - Total revenue for Q1 2016 was CNY 2,687,060,644.42, a decrease of 2.22% from CNY 2,748,232,035.39 in the same period last year[23] - Net profit attributable to the parent company was CNY 74,166,106.29, a decline of 9.83% compared to CNY 82,273,128.66 in Q1 2015[23] - Operating revenue for Q1 2016 was CNY 1,796,868,060.75, a decrease of 12.76% compared to CNY 2,060,193,610.74 in Q1 2015[26] - Net profit for Q1 2016 was CNY 62,053,722.39, down 43.87% from CNY 110,491,682.54 in the same period last year[27] - Total comprehensive income for Q1 2016 was CNY 62,053,722.39, down 43.87% from CNY 110,491,682.54 in Q1 2015[27] - Investment income for Q1 2016 was CNY 61,979,432.11, down 42.14% from CNY 107,364,332.78 in Q1 2015[26] Asset and Liability Changes - Total assets increased by 4.39% to CNY 7,439,137,093.41 compared to the end of the previous year[6] - Total current assets increased from CNY 3,249,310,539.81 to CNY 3,498,914,258.89, reflecting a growth of approximately 7.67%[16] - Total non-current assets rose from CNY 3,876,951,451.92 to CNY 3,940,222,834.52, marking an increase of about 1.63%[17] - Total liabilities increased from CNY 2,619,477,935.98 to CNY 2,843,315,478.79, representing a growth of approximately 8.54%[18] - The company's total equity rose from CNY 4,506,784,055.75 to CNY 4,595,821,614.62, indicating an increase of about 1.98%[18] Cash Flow and Investments - Net cash flow from operating activities decreased by 12.11% to CNY 105,547,420.74 year-on-year[6] - Cash flow from operating activities generated a net amount of CNY 105,547,420.74, down 12.14% from CNY 120,085,929.75 in Q1 2015[28] - Cash flow from investing activities resulted in a net outflow of CNY 39,316,923.51, an improvement from a net outflow of CNY 71,324,197.43 in Q1 2015[29] - Cash flow from financing activities generated a net inflow of CNY 18,603,933.58, compared to CNY 25,120,548.06 in the same period last year[29] - Cash received from other investment-related activities surged by 879.41%, from CNY 1,651,588.19 to CNY 16,175,875.98, mainly due to government subsidies received by subsidiaries[12] - Cash obtained from loans decreased by 49.36%, from CNY 45,417,777.98 to CNY 23,000,000.00, attributed to a reduction in subsidiary borrowings[12] Shareholder Information - The total number of shareholders reached 22,109 at the end of the reporting period[10] - The largest shareholder, China First Automobile Group Corporation, holds 20.14% of the shares[10] Operational Insights - The company emphasized the necessity of daily related transactions, which were not approved in previous shareholder meetings, to avoid operational disruptions[13] - The company has not disclosed any new product developments or market expansion strategies in this report[6] Expense and Cost Management - Total operating costs for Q1 2016 were CNY 2,655,928,825.01, down 2.52% from CNY 2,724,327,438.98 year-over-year[23] - The company reported a decrease in sales expenses to CNY 5,751,697.07 from CNY 6,067,886.79, a reduction of 5.20% year-over-year[26]