FJC(SH:600802)2017-04-24 16:00Financial Performance - Operating revenue increased by 69.06% to CNY 355,320,662.22 compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 43,536,662.61, an improvement from a loss of CNY 79,218,414.95 in the previous year[6] - The weighted average return on net assets improved by 5.08 percentage points to -6.07%[6] - Operating revenue for Q1 2017 increased by 69.06% year-on-year to CNY 355.32 million, driven by higher sales volume and prices[14] - Net profit attributable to shareholders improved by CNY 35.68 million compared to the previous year, reflecting increased profits from the parent company and subsidiaries[18] - The company reported a total profit of CNY -57.76 million, an improvement of CNY 45.57 million from the previous year[18] - The net loss for the period was reported at ¥299,756,147.54, compared to a loss of ¥256,219,484.93 in the previous period, reflecting a worsening of approximately 17%[26] - The net loss for Q1 2017 was CNY 21,390,509.09, a slight improvement from a net loss of CNY 22,782,963.41 in Q1 2016[36] - Comprehensive income for Q1 2017 totaled CNY -19,739,580.59, improving from CNY -85,571,598.41 in the same quarter last year[38] - The total profit for the period was CNY -21,390,509.09, compared to CNY -22,782,963.41 in the same period last year, showing a positive trend[36] Assets and Liabilities - Total assets decreased by 4.32% to CNY 4,241,469,329.30 compared to the end of the previous year[6] - Total liabilities amounted to ¥3,068,459,029.29, a slight decrease of 1.3% from ¥3,110,097,156.54 at the start of the year[30] - The company's total assets were reported at ¥4,205,434,948.31, down from ¥4,266,865,913.41, indicating a decrease of about 1.4%[30] - Current assets totaled ¥1,718,581,253.41, down from ¥1,769,939,132.94 at the beginning of the year, reflecting a decrease of approximately 2.9%[29] - The total equity attributable to shareholders decreased to ¥693,863,603.92 from ¥734,452,328.16, a decline of about 5.5%[26] - The company’s inventory decreased slightly to ¥49,780,783.85 from ¥51,012,866.65, a reduction of approximately 2.4%[29] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 104,098,445.06, compared to a net outflow of CNY 90,408,500.58 in the previous year[6] - Cash and cash equivalents decreased by 43.71% to CNY 18,016.49[13] - The company's cash and cash equivalents decreased by CNY 139.91 million, a reduction of 43.71%, due to negative cash flows from operating, financing, and investing activities[15] - Cash inflows from operating activities amounted to CNY 391,303,300.04, compared to CNY 317,544,249.69 in Q1 2016, marking a 23.1% increase[39] - Cash outflows for purchasing goods and services were CNY 345,241,166.17, up from CNY 285,832,398.76, indicating a 20.7% increase[39] - The company reported a total cash outflow from operating activities of 739,039,606.69 RMB, which is an increase of about 19.6% compared to 617,338,900.69 RMB in the previous year[43] - The cash inflow from operating activities was 619,146,802.45 RMB, up from 549,178,856.71 RMB, marking an increase of approximately 12.7%[43] - The company experienced a net decrease in cash and cash equivalents of -147,615,946.19 RMB, compared to -119,403,130.31 RMB in the previous year, reflecting a decline of about 23.6%[44] Shareholder Information - The number of shareholders at the end of the reporting period was 48,286[10] - The largest shareholder, Fujian Provincial Building Materials (Holding) Co., Ltd., holds 28.78% of the shares[10] Other Financial Metrics - Cash received from sales and services increased by 46.38% year-on-year to CNY 382.59 million, attributed to higher cement sales and prices[19] - Operating costs rose by 53.58% year-on-year to CNY 329.39 million, primarily due to a 59.69% increase in sales volume[17] - Sales expenses rose by 48.22% to CNY 10.98 million, driven by increased logistics costs associated with higher sales volume[17] - Other comprehensive income increased by CNY 64.44 million, mainly due to fair value changes in holdings of Industrial Bank and Industrial Securities stocks[18] - Basic and diluted earnings per share were both CNY -0.056, compared to CNY -0.060 in the previous year[38] - The company reported a decrease in short-term borrowings to ¥1,726,000,000.00 from ¥1,598,500,000.00, an increase of approximately 8%[29] - Long-term payables decreased to ¥25,550,000.00 from ¥38,423,680.56, a decline of about 33.5%[30] Future Outlook - The company plans to continue focusing on market expansion and product development to enhance future performance[21]