中航沈飞(600760) - 2015 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 40.65% to CNY 405,289,675.84 from CNY 682,884,804.56 year-on-year[13] - The net profit attributable to shareholders of the listed company was a loss of CNY 39,027,939.11, compared to a loss of CNY 27,227,067.89 in the previous year[5] - Operating profit decreased by 84.69% year-on-year, mainly due to the inability to dilute fixed costs resulting from the decline in sales volume, leading to increased operating losses[14] - The net loss for Q1 2015 was ¥51,994,060.63, compared to a net loss of ¥29,864,370.45 in Q1 2014, representing a 74.1% increase in losses[30] - The operating profit for Q1 2015 was -¥56,622,502.37, worsening from -¥30,658,555.67 in the previous year[30] - The company reported a total comprehensive loss of ¥51,994,060.63 for Q1 2015, compared to a loss of ¥29,864,370.45 in the same period last year[31] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 17,367,180.64, a 143.10% increase compared to the same period last year[5] - The net cash flow from operating activities increased by 143.10% year-on-year, amounting to ¥17,367,180.64, primarily due to a decrease in cash paid for purchasing goods and receiving services[15] - The net cash flow from investing activities increased by 563.04% year-on-year, amounting to ¥21,317,289.21, mainly due to the recovery of asset disposal payments by a subsidiary[16] - The net cash flow from financing activities decreased by 182.06% year-on-year, amounting to -¥82,500,425.33, primarily due to changes in the scale of borrowings during the period[15] - Cash received from sales of goods and services in Q1 2015 was ¥277,602,908.98, down 32.5% from ¥411,356,156.74 in the same period last year[35] - Total cash inflow from financing activities was 245,000,000.00 RMB, while cash outflow was 327,500,425.33 RMB, resulting in a net cash flow of -82,500,425.33 RMB[37] Assets and Liabilities - Total assets increased by 2.26% to CNY 3,162,485,595.87 compared to the end of the previous year[5] - Total current assets increased to CNY 1,466,499,605.30 from CNY 1,381,931,233.03, reflecting a growth of approximately 6.1%[22] - Total liabilities increased to CNY 2,432,434,606.61 from CNY 2,310,665,531.62, representing a growth of approximately 5.3%[23] - The company's total non-current assets decreased slightly to CNY 1,695,985,990.57 from CNY 1,710,779,348.48, a decline of about 0.9%[22] - The company's retained earnings showed a negative balance of CNY -339,858,323.41, worsening from CNY -304,353,133.69[23] - Total equity decreased to CNY 730,050,989.26 from CNY 782,045,049.89, indicating a decline of approximately 6.6%[23] Shareholder Information - The number of shareholders reached 55,990, with the top ten shareholders holding a total of 15.97% and 4.88% of shares respectively[8] Expenses - The company reported a significant increase in financial expenses by 27.52% to CNY 15,804,447.11 compared to the previous year[13] - Sales expenses decreased by 21.89% year-on-year, mainly due to the impact of reduced product sales[14] - Financial expenses increased by 27.52% year-on-year, primarily due to increased interest expenses during the period[14] Inventory and Receivables - Prepaid accounts increased by 39.65% to CNY 151,083,600.40, mainly due to advances for raw material purchases[11] - Other receivables decreased by 46.17% to CNY 85,138,033.94, primarily due to the recovery of asset disposal payments[12] - Inventory rose to CNY 611,560,823.63, up from CNY 516,432,165.70, indicating an increase of about 18.4%[22] - Accounts receivable increased to CNY 284,016,554.72 from CNY 272,351,949.16, showing a growth of approximately 4.3%[22] Legal and Compliance - The company is currently involved in ongoing litigation regarding a land use rights contract dispute, which is still in the trial phase[17] - The company has committed to avoiding or minimizing related party transactions and ensuring fair and legal procedures in any unavoidable transactions[19] - The company has pledged to prevent non-operational occupation of its assets, ensuring compliance with relevant regulations[20] Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[3]