FJC(SH:600802)2016-04-29 16:00Financial Performance - Operating revenue fell by 43.31% to CNY 210,170,529.10 compared to the same period last year[8] - Net profit attributable to shareholders was a loss of CNY 79,218,414.95, showing a slight improvement from a loss of CNY 82,611,607.67 in the previous year[8] - The weighted average return on net assets was -11.15%, compared to -6.11% in the previous year[8] - The company reported a net loss of CNY 334,302,430.40 in retained earnings, compared to a loss of CNY 255,084,015.45 at the beginning of the year[27] - The total comprehensive income for Q1 2016 was a loss of ¥166,178,784.74, compared to a loss of ¥26,610,869.11 in the same period last year[35] - The total profit for Q1 2016 was a loss of ¥22,782,963.41, an improvement from a loss of ¥31,957,021.18 in the same period last year, indicating a reduction in loss of approximately 28.3%[38] Cash Flow - Cash flow from operating activities was negative at CNY -90,408,500.58, an improvement from CNY -130,836,925.75 in the previous year[8] - Cash received from sales of goods and services decreased by CNY 180.04 million, a decline of 40.79%, due to lower sales volume and prices compared to the previous year[17] - Cash received from other operating activities decreased by CNY 131.75 million, a decline of 70.10%, mainly due to reduced guarantee deposits and receivables[17] - Cash paid for other operating activities decreased by CNY 197.58 million, a decline of 83.49%, due to lower guarantee deposits and receivables payments[17] - The cash flow from operating activities for Q1 2016 was ¥261,360,578.01, down 40.8% from ¥441,403,949.39 in the same period last year[40] - The total cash inflow from operating activities was 549,178,856.71 RMB, compared to 746,016,007.11 RMB in the previous period[44] Assets and Liabilities - Total assets decreased by 5.21% to CNY 4,783,429,203.15 compared to the end of the previous year[8] - Total liabilities decreased to CNY 3,335,132,528.44 from CNY 3,211,085,016.77 at the start of the year, indicating a reduction in financial obligations[31] - Current liabilities totaled CNY 3,072,181,515.14, an increase of 5.4% from CNY 2,915,176,611.24 at the beginning of the year[30] - Non-current assets were reported at CNY 2,858,870,573.59, down from CNY 2,948,922,013.34 at the start of the year[30] - Cash and cash equivalents decreased by 61.36% to CNY 19,445,800.00 due to negative cash flows from operating, investing, and financing activities[14] - The company’s total equity decreased to CNY 1,160,952,730.17 from CNY 1,245,938,874.84, indicating a decline in shareholder value[31] Shareholder Information - The number of shareholders reached 27,916 at the end of the reporting period[12] - The largest shareholder, Fujian Building Materials (Holding) Co., Ltd., holds 28.78% of the shares[12] Expenses - Operating costs decreased by CNY 157.32 million, a decline of 42.31%, mainly due to the decrease in sales volume during the reporting period[16] - Sales expenses decreased by CNY 7.53 million, a decline of 50.40%, attributed to reduced freight, agency fees, and other related costs due to lower sales volume[16] - Management expenses increased by CNY 16.21 million, an increase of 32.52%, primarily due to production losses of CNY 30.99 million from equipment downtime[16] - The company's operating costs for Q1 2016 were ¥219,067,511.18, down from ¥353,959,046.40 in the same period last year, reflecting a decrease of 38.1%[37] - The financial expenses for Q1 2016 were ¥3,733,272.62, significantly lower than ¥13,276,777.83 in the previous year, showing a reduction of approximately 71.9%[37] Investment Activities - Cash paid for fixed assets and long-term assets decreased by CNY 53.19 million, a decline of 82.56%, due to reduced investment in technical renovation projects[17] - The cash flow from investment activities was -7,490,160.09 RMB, compared to -15,998,861.53 RMB in the previous period[45] Financing Activities - Total cash inflow from financing activities was 625,000,000.00 RMB, up from 475,000,000.00 RMB in the previous period[45] - The cash outflow from financing activities totaled 668,752,926.24 RMB, compared to 459,967,504.51 RMB in the previous period[45] - The net cash flow from financing activities was -43,752,926.24 RMB, a decline from 15,032,495.49 RMB in the previous period[45]