AECC AP(SH:600893)2016-04-28 16:00Financial Performance - Operating revenue for the current period was CNY 2,571,608,878.06, down 35.50% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY -178,921,401.57, a decline of 67.27% compared to the same period last year[6] - The basic earnings per share were CNY -0.05, a decrease of 150.00% compared to the previous year[6] - The net profit attributable to shareholders of the listed company for Q1 2016 was CNY -101.57 million, a decrease of 146.14% compared to CNY -41.26 million in the same period last year, mainly due to a decline in revenue from aircraft engines and related products[12] - The net loss for Q1 2016 was ¥99,355,764.73, compared to a net loss of ¥45,651,497.15 in Q1 2015, representing a 117.5% increase in losses[28] - The company reported a total profit of approximately ¥41.12 million, down 48.9% from ¥80.54 million in the previous period[31] Cash Flow - The net cash flow from operating activities was CNY -2,878,158,522.70, representing a decrease of 2.41% year-on-year[6] - Cash flow from operating activities showed a net outflow of approximately ¥2.88 billion, compared to a net outflow of ¥2.81 billion in the previous period[32] - Cash inflow from investment activities totaled approximately ¥120.25 million, significantly up from ¥14.01 million in the previous period[33] - Cash flow from financing activities generated a net inflow of approximately ¥13.06 million, compared to a much higher inflow of ¥2.24 billion in the previous period[33] - Overall, the company is facing significant cash flow challenges, with net cash flow from all activities showing a downward trend compared to the previous year[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 47,009,675,123.21, a decrease of 1.28% compared to the end of the previous year[6] - Total current assets decreased from ¥26,916,916,675.07 to ¥26,196,203,010.83, a decline of approximately 2.66%[21] - Total liabilities decreased from ¥29,392,688,240.93 to ¥28,908,044,661.94, a decrease of approximately 1.64%[22] - Total equity attributable to shareholders decreased from ¥15,060,589,877.28 to ¥14,933,748,227.56, a decline of approximately 0.84%[23] - Current liabilities totaled ¥3,854,724,452.75, a reduction of 17.8% from ¥4,690,267,559.70 in the previous year[26] Investments - The investment income for Q1 2016 was CNY 23.15 million, an increase of 304.01% from CNY 5.73 million in the previous year, primarily due to the sale of equity in a subsidiary[12] - The cash received from investment recovery was CNY 100.58 million, an increase from CNY 0 million in the same period last year, mainly due to cash recovered from the sale of equity[14] - Cash inflow from investment activities was $17,152,169.16, down from $30,657,610.00, indicating a decline in investment returns[35] Shareholder Information - The number of shareholders at the end of the reporting period was 93,312[9] Government Support - The company received government subsidies amounting to CNY 73,756,931.98, which are closely related to its normal business operations[7] Operational Challenges - The company's operating revenue for Q1 2016 was CNY 2,571.61 million, a decrease of 35.50% compared to CNY 3,987.09 million in the same period last year, primarily due to a reduction in aircraft engine deliveries, which impacted revenue by CNY 712.65 million[12] - The company incurred management expenses of approximately ¥97.11 million, an increase of 58.6% from ¥61.23 million in the previous period[31] - The company reported an operating profit of -¥161,777,869.14 for Q1 2016, worsening from -¥94,764,956.82 in the same quarter last year[27]