AVIC SAC(SH:600760)2017-04-28 16:00Financial Performance - Operating revenue for the period was CNY 276,312,108.49, representing an 18.76% increase year-on-year[6] - The net profit attributable to shareholders of the listed company was a loss of CNY 11,996,055.57, an improvement from a loss of CNY 27,362,579.76 in the previous year[6] - The weighted average return on net assets improved to -2.34% from -6.75% year-on-year[6] - Basic and diluted earnings per share were both -CNY 0.03, improving from -CNY 0.07 in the previous year[6] - Operating profit for the current period was reported at -¥13,887,800.48, an improvement compared to -¥42,794,659.78 in the previous period, indicating a reduction in losses by approximately 67.6%[27] - Net profit for the current period was -¥10,245,130.33, significantly better than -¥39,856,376.18 in the previous period, showing an improvement of around 74.3%[27] - The total comprehensive income for the current period was -¥10,245,130.33, compared to -¥39,856,376.18 in the previous period, reflecting a significant improvement[28] Cash Flow - Net cash flow from operating activities increased significantly to CNY 19,386,350.70, up 247.68% compared to the same period last year[6] - Cash flow from operating activities increased to ¥222,991,809.30 from ¥185,026,301.53, marking a growth of approximately 20.5%[33] - Net cash flow from operating activities for Q1 2017 was CNY 19,386,350.70, significantly up from CNY 5,575,879.99, marking an increase of approximately 247.5%[34] - Cash inflow from investment activities totaled CNY 12,051,900.00, compared to CNY 658,616.67 in the previous period, showing a substantial increase of about 1,730.5%[34] - Net cash flow from investment activities was CNY -1,968,087.44, an improvement from CNY -112,958,911.90, reflecting a positive change of about 98.3%[34] - The net cash flow from financing activities was CNY -49,286,501.23, a significant change from CNY 130,905,804.69, marking a decline of approximately 137.6%[35] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,711,367,454.60, an increase of 0.75% compared to the end of the previous year[6] - Total liabilities reached CNY 1,149,240,178.43, up from CNY 1,126,226,630.43, marking an increase of approximately 2.0%[21] - The company's equity attributable to shareholders decreased to CNY 429,078,773.68 from CNY 439,216,980.25, a decline of about 2.6%[21] - Current assets totaled CNY 962,418,404.81, compared to CNY 930,813,658.35 at the beginning of the year, reflecting a growth of approximately 3.3%[19] - Total current liabilities amounted to CNY 1,092,987,655.42, compared to CNY 1,068,530,971.50 at the beginning of the year, reflecting an increase of approximately 2.3%[21] Shareholder Information - The number of shareholders at the end of the reporting period was 63,564[10] - The largest shareholder, Jincheng Group Co., Ltd., held 55,559,136 shares, accounting for 16.11% of the total shares[10] Receivables and Payables - The accounts receivable decreased by CNY 3.09 million, a reduction of 33.66% due to increased bill payments[11] - Accounts receivable increased by CNY 16.51 million, a growth of 47.63%, mainly due to outstanding payments from subsidiary Anhui Kaile[12] - Other receivables increased by CNY 5.36 million, a growth of 5.94%, primarily due to new loans to related parties amounting to CNY 69 million[12] - Tax payable decreased by CNY 29.86 million, a reduction of 91.45%, mainly due to tax payments made by subsidiary Anhui Kaile[12] - Other payables increased by CNY 38.99 million, a growth of 44.25%, mainly due to land compensation collected on behalf of the Fuyang Economic and Technological Development Zone[12] Operational Metrics - Operating costs for Q1 2017 were CNY 248.05 million, an increase of 11.75% year-on-year[14] - Management expenses decreased by CNY 5.75 million, a reduction of 23.49% year-on-year[14] - Inventory rose to CNY 272,183,358.36 from CNY 237,100,969.65, indicating an increase of about 14.8%[19]