YTG(SH:600881)2018-04-25 16:00Financial Performance - Operating revenue for the period was CNY 2.80 billion, an increase of 45.03% year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 134.99 million, an improvement of 31.79% compared to the previous year's loss[5] - The company's operating revenue for Q1 2018 was CNY 194,891,789.60, an increase of 37.0% compared to CNY 142,234,074.54 in the same period last year[29] - The net profit for Q1 2018 was a loss of CNY 207,953,871.15, compared to a loss of CNY 254,098,390.77 in Q1 2017, showing an improvement of 18.1%[28] - The total comprehensive income for Q1 2018 was a loss of CNY 222,498,922.50, compared to a loss of CNY 291,545,052.98 in the previous year, reflecting a 23.7% improvement[29] - The total profit for Q1 2018 was a loss of CNY 122,282,092.62, compared to a loss of CNY 250,610,526.00 in the same period last year, reflecting a 51.1% improvement[28] Cash Flow - Net cash flow from operating activities was CNY 641.47 million, down 47.72% from CNY 1.23 billion in the same period last year[5] - Cash flow from operating activities decreased by 47.72% to CNY 641,474,054.05, primarily due to increased payments for purchased goods[13] - The cash inflow from operating activities was CNY 3,961,329,023.85, an increase from CNY 3,769,618,513.23 in the same period last year[31] - The net cash flow from operating activities for Q1 2018 was ¥645,435,911.91, a decrease of 31.4% compared to ¥940,570,788.38 in the previous year[34] - Cash inflow from operating activities totaled ¥1,537,193,798.47, a decrease of 31.2% from ¥2,236,759,328.18 in the previous year[34] - The cash flow from operating activities netted a total of ¥641,474,054.05, down from ¥1,227,090,502.60 in the previous year[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 57.36 billion, a decrease of 1.43% compared to the end of the previous year[5] - As of March 31, 2018, the company's total current assets amounted to CNY 27,516,848,992.16, a slight decrease from CNY 28,080,740,276.04 at the beginning of the year[20] - The company's cash and cash equivalents increased to CNY 5,437,069,308.04 from CNY 4,862,561,964.89 at the beginning of the year[20] - Current liabilities amounted to ¥20,695,083,040.09, a decrease from ¥21,494,465,525.21 at the start of the year, showing a reduction of approximately 3.7%[25] - The total liabilities decreased to ¥25,434,606,153.67 from ¥26,231,704,111.79, reflecting a reduction of about 3%[26] Shareholder Information - The number of shareholders at the end of the reporting period was 121,526[9] - The top shareholder, Changchun Municipal Government State-owned Assets Supervision and Administration Commission, held 295.09 million shares, accounting for 9.08% of total shares[9] Investments and Acquisitions - The company signed a letter of intent to acquire at least 51% of Phytogine, a company engaged in medical services in the U.S., which is developing a cancer-related fatigue treatment[17] - The company plans to acquire 100% of Dalian Fusheng Pharmaceutical Co., Ltd., which produces health supplements with anti-fatigue properties[18] - The company established Fengcheng Yatai Longxin Trading Co., Ltd. with a registered capital of CNY 20 million to support its coal industry development[14] - The company completed the registration of Jilin Cement (Group) Co., Ltd. and Jilin Yatai Health Trading Center Co., Ltd. in March 2018[16] Operating Costs and Expenses - Operating costs rose to CNY 2,041,131,899.10, a 43.85% increase from CNY 1,418,885,744.07, in line with the revenue growth[13] - The company reported a significant reduction in financial expenses, which decreased by 36.41% to CNY 407,353,790.49 due to the capitalization of interest expenses ending for a project[13] - The financial expenses for Q1 2018 amounted to CNY 407,353,790.49, up from CNY 298,623,304.25 in Q1 2017, indicating a 36.5% increase[28] - The company's management expenses for Q1 2018 were CNY 258,804,178.12, down from CNY 342,125,011.57 in Q1 2017, showing a reduction of 24.4%[28] Other Financial Metrics - The weighted average return on equity increased by 0.83 percentage points to -0.91%[5] - The company's equity attributable to shareholders decreased to ¥14,742,200,822.71 from ¥14,892,734,346.65, a decline of approximately 1%[22] - The cash and cash equivalents increased significantly to ¥2,517,583,290.98 from ¥573,267,090.13, indicating a growth of over 338%[24] - Non-current assets totaled ¥18,004,978,351.91 at the end of Q1 2018, compared to ¥17,910,598,162.77 at the beginning of the year, indicating a slight growth[25] - The investment income for Q1 2018 was CNY 109,287,733.48, a decrease from CNY 146,059,463.21 in the previous year, representing a decline of 25.2%[28]