航发动力(600893) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue for the period was ¥2.78 billion, reflecting a growth of 1.80% year-on-year[5] - Net profit attributable to shareholders improved to -¥57.70 million, a 36.03% reduction in losses compared to the previous year[5] - Total profit for the period was CNY -32.11 million, an improvement of 60.02% compared to the same period last year, driven by increased engine and military parts deliveries[12] - Net profit for the period was CNY -50.18 million, a 46.04% improvement year-on-year, with contributions from subsidiaries showing profit growth[12] - The company reported a net profit margin of approximately 4.5% for the first quarter of 2018[27] - Net profit for the current period is -¥50,182,860.33, an improvement compared to -¥92,992,449.41 in the previous period, indicating a reduction in losses of approximately 46%[29] - Operating profit for the current period is ¥75,522,643.98, down from ¥91,829,148.47 in the previous period, a decline of about 17.7%[31] - The company recorded a total comprehensive income of -¥52,888,207.47, improving from -¥94,319,773.20 in the previous period, indicating a reduction in comprehensive losses of approximately 44%[29] Cash Flow - Net cash flow from operating activities was -¥1.66 billion, a decline of 259.20% compared to the same period last year[5] - Cash flow from operating activities shows a net outflow of -¥1,662,371,182.99, worsening from -¥462,794,014.82 in the previous period[34] - Cash flow from investing activities was CNY -265.94 million, an increase of 17.75% compared to the same period last year, primarily due to reduced capital expenditures[14] - Cash flow from financing activities was CNY -320.07 million, an improvement of 39.50% compared to the same period last year, mainly due to increased government funding received[14] - The company experienced a decrease in cash received from sales of goods and services, totaling 359,322,175.69 RMB, down from 729,078,862.74 RMB year-over-year, representing a decline of about 50.7%[36] - Cash outflow for purchasing goods and services was 597,066,305.10 RMB, a decrease from 777,725,040.21 RMB in the previous year, reflecting a reduction of approximately 23.2%[37] - The company’s cash and cash equivalents at the end of the period stood at 890,907,916.99 RMB, down from 1,838,221,514.44 RMB at the beginning of the period, indicating a decrease of about 51.5%[37] - Investment activities resulted in a net cash outflow of -263,424,501.36 RMB, compared to -99,335,415.63 RMB in the previous year, showing a significant increase in cash outflow[37] Assets and Liabilities - Total assets at the end of the reporting period reached ¥51.93 billion, an increase of 0.48% compared to the end of the previous year[5] - Net assets attributable to shareholders decreased to ¥25.74 billion, down 0.19% from the previous year[5] - Current liabilities rose to ¥25.86 billion, up from ¥25.35 billion, indicating an increase of about 2.07%[22] - Total liabilities increased to ¥22.12 billion from ¥21.84 billion, reflecting a growth of approximately 1.28%[22] - Owner's equity decreased slightly to ¥29.81 billion from ¥29.85 billion, a decline of about 0.13%[22] - Cash and cash equivalents decreased significantly from ¥1.86 billion to ¥908.93 million, a decline of approximately 51%[24] - Accounts receivable increased to ¥2.64 billion from ¥1.95 billion, representing a growth of about 35.3%[24] - Inventory remained stable at approximately ¥3.34 billion, showing a slight increase from ¥3.33 billion[24] - Long-term borrowings increased to ¥1.45 billion from ¥1.42 billion, a rise of about 2.9%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 86,957[8] - The top shareholder, China Aviation Engine Corporation, holds 26.52% of the shares, totaling 596,635,147 shares[8] Expenses - The financial expenses for the period were CNY 86.83 million, a decrease of 53.90% compared to the same period last year, mainly due to reduced financing scale and interest expenses[12] - Sales expenses decreased to ¥42,860,634.42 from ¥51,761,451.48, a reduction of about 17.3%[29] - Management expenses slightly decreased to ¥425,054,480.44 from ¥428,191,706.78, a decrease of about 0.5%[29] Development and Investment - Development expenditures increased to ¥96.55 million from ¥90.78 million, a growth of about 6.5%[21] - The company reported investment income of ¥10,581,138.95, an increase from ¥6,310,573.76 in the previous period, reflecting a growth of approximately 68%[29] - The company reported a total cash inflow from investment activities of 26,107,704.11 RMB, compared to 3,741,450.00 RMB in the previous year, marking a substantial increase[35]