FJC(SH:600802)2016-04-29 16:00Financial Performance - Operating revenue for the period was CNY 370,716,440.40, down 4.40% year-on-year[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 82,611,607.67, compared to a loss of CNY 23,292,489.64 in the same period last year[6] - Basic earnings per share were negative CNY 0.216, compared to negative CNY 0.061 in the same period last year[6] - Total profit decreased by 85.75 million yuan compared to the same period last year, mainly due to a significant decline in product prices and underutilization of new production capacity[14] - Net profit attributable to the parent company decreased by 59.32 million yuan, primarily due to the substantial decrease in total profit[15] - The net loss for Q1 2015 was CNY 98,497,019.11, compared to a net loss of CNY 19,687,892.56 in Q1 2014, representing a significant increase in losses[34] - The comprehensive income total for Q1 2015 was CNY -26,610,869.11, compared to CNY -44,880,647.56 in the same period last year[35] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,464,194,333.07, an increase of 1.14% compared to the end of the previous year[6] - Total liabilities rose to CNY 3,367,784,038.34 from CNY 3,279,698,684.29, an increase of approximately 2.68%[26] - Current assets decreased to CNY 892,083,981.09 from CNY 941,754,227.28, a decline of about 5.9%[25] - Cash and cash equivalents decreased to CNY 418,716,271.32 from CNY 533,093,903.09, a drop of approximately 21.5%[25] - Short-term borrowings increased to CNY 2,043,500,000.00 from CNY 1,814,500,000.00, representing an increase of about 12.6%[26] - Total equity decreased to CNY 2,096,410,294.73 from CNY 2,123,037,791.96, a decline of approximately 1.26%[26] Cash Flow - The net cash flow from operating activities was negative CNY 130,836,925.75, a decrease of 423.98% compared to the previous year[6] - Cash inflow from operating activities totaled CNY 746,016,007.11, a decrease of 3.2% compared to CNY 770,470,469.99 in the previous period[45] - Net cash outflow from operating activities was CNY 21,377,000.78, down from CNY 77,270,013.67 in the previous period[45] - Cash inflow from financing activities amounted to CNY 475,000,000.00, an increase of 45.7% compared to CNY 326,000,000.00 in the previous period[46] - Cash paid for goods and services increased by 123.88 million yuan, up 44.98%, due to increased procurement related to expanded production and sales[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 37,436[10] - The largest shareholder, Fujian Provincial Building Materials (Holding) Co., Ltd., held 28.78% of the shares[10] Financial Indicators - The weighted average return on net assets decreased by 3.78 percentage points to -6.11%[6] - Significant changes in financial indicators included a 60.22% decrease in accounts receivable and a 181.95% increase in prepayments[11] - Other current liabilities increased by 15.06 million yuan, up 640.77%, primarily due to accrued expenses for self-owned vehicles and guarantee risk funds[13] - Other comprehensive income increased by 97.08 million yuan, mainly due to the significant rise in the fair value of available-for-sale financial assets[15] - The company confirmed a litigation loss of 2.74 million yuan related to a contract dispute, which remains unpaid[17] Inventory and Receivables - Accounts receivable increased by 3.47 million yuan, up 44.61%, due to sales growth and the addition of new monthly settlement customers[12] - Prepayments increased by 19.93 million yuan, up 181.95%, mainly due to increased prepayments for electricity and raw materials[12] - Inventory increased to CNY 268,781,291.04 from CNY 224,430,964.24, a rise of approximately 19.7%[25] - Other receivables increased to CNY 40,102,631.77 from CNY 36,700,020.65, reflecting an increase of about 9.8%[25] Operational Efficiency - The company is focusing on improving operational efficiency and reducing costs in response to the increased losses and operating costs[34]