FW(SH:600742)2018-04-24 16:00Financial Performance - Operating income for the first quarter was ¥2,995,712,568.20, a slight decrease of 0.19% year-on-year[6] - Net profit attributable to shareholders was ¥108,854,571.35, down 21.8% compared to the same period last year[6] - Basic earnings per share decreased to ¥0.271, down 23.45% from ¥0.354 in the previous year[6] - The weighted average return on equity decreased by 0.95 percentage points to 2.48%[6] - Total revenue for Q1 2018 was CNY 2,995,712,568.20, slightly down from CNY 3,001,376,478.38 in the previous year, representing a decrease of approximately 0.1%[21] - Net profit for Q1 2018 was CNY 143,238,267.19, down from CNY 180,428,706.54 in the previous year, reflecting a decline of approximately 20.6%[22] - The total comprehensive income attributable to the parent company for Q1 2018 was approximately ¥114.68 million, compared to ¥149.85 million in Q1 2017, reflecting a decrease of 23.5%[26] Cash Flow - Cash flow from operating activities improved significantly to ¥250,151,559.90, a year-on-year increase of 303.77%[6] - The cash flow from operating activities for Q1 2018 was approximately ¥250.15 million, a significant improvement compared to a negative cash flow of ¥122.76 million in Q1 2017[28] - The cash flow from investing activities for Q1 2018 was negative at approximately ¥59.46 million, an improvement from a negative cash flow of ¥214.98 million in Q1 2017[28] - Total cash outflow from operating activities was $344.79 million, compared to $281.13 million in the prior period, indicating a 22.6% increase[31] - Net cash flow from operating activities was -$6.87 million, a decline from $18.11 million in the prior period[31] - The net increase in cash and cash equivalents was -$11.48 million, an improvement from -$56.90 million in the previous period[32] Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,900,074,686.56, an increase of 0.69% compared to the end of the previous year[6] - The total liabilities decreased from RMB 3,387,471,353.37 to RMB 3,345,607,455.16, a reduction of 1.24%[16] - The total assets as of March 31, 2018, amounted to CNY 5,725,609,914.30, an increase from CNY 5,506,089,942.87 at the beginning of the year, representing a growth of about 4%[20] - Total liabilities as of March 31, 2018, were CNY 1,307,142,751.05, compared to CNY 1,227,827,797.19 at the start of the year, indicating an increase of approximately 6.5%[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,039[9] - The largest shareholder, China First Automobile Group, holds 20.14% of the shares[9] Management and Expenses - The company's management expenses increased by 34.48% year-on-year, totaling RMB 127,549,483.76 compared to RMB 94,847,678.54 in the same period last year[11] - The payable dividends surged by 345.56%, reaching RMB 56,861,855.32 from RMB 12,761,855.32, due to the declaration of dividends by a controlling subsidiary[11] Investment and Other Income - The company reported an investment income of CNY 79,471,805.21 for Q1 2018, down from CNY 104,655,316.92 in the previous year, representing a decline of about 24%[22] - The company reported an investment income of approximately ¥130.50 million for Q1 2018, up from ¥119.96 million in the same period last year, indicating an increase of 8.8%[25] - The other income recorded was RMB 2,661,679.24, attributed to stabilization subsidies[11] - The company reported a significant decrease in non-operating income, dropping by 99.03% to RMB 106,759.35 from RMB 11,039,372.54 in the previous year[12] Inventory and Receivables - The accounts receivable decreased from RMB 1,062,647,768.51 to RMB 856,046,810.29, a decline of 19.36%[15] - Accounts receivable increased to CNY 264,623,075.87 from CNY 178,760,653.21, marking a significant rise of approximately 48%[18] - Inventory levels decreased to CNY 740,395,842.54 from CNY 767,454,550.00, reflecting a reduction of about 3.5%[19] Capital and Investments - The company plans to complete a capital increase in its financial subsidiary by the end of June 2018, increasing its shareholding from 6.4171% to 6.4348%[12] - Cash inflow from investment activities was $15.74 million, compared to $0.99 million in the previous period[32] - The company received $10 million in investment income, marking a new revenue stream[32]