BHAS(SH:600960)2018-04-27 16:00Financial Performance - Operating revenue rose by 24.56% to CNY 705,541,538.99 from CNY 566,431,011.56 year-on-year[5] - Net profit attributable to shareholders decreased by 49.24% to CNY 31,794,684.65 compared to CNY 62,639,421.76 in the same period last year[5] - Basic and diluted earnings per share fell by 45.3% to CNY 0.0361 from CNY 0.0660[5] - Total profit decreased by 32.69% to CNY 44,718,896.45, influenced by a significant drop in investment income[13] - Investment income fell by 68.82% to CNY 10,302,252.61, reflecting severe declines compared to the previous year[12] - Net profit for Q1 2018 was CNY 2,171,997.04, down from CNY 28,630,421.68 in the same period last year, reflecting a decrease of approximately 92.4%[29] Cash Flow - Cash flow from operating activities worsened, with a net outflow of CNY 82,958,425.50, a 287.53% increase in losses compared to the previous year[5] - The net cash flow from operating activities was negative at CNY -82,958,425.50, worsening from CNY -21,406,780.00 in the prior year[33] - Cash inflow from operating activities totaled CNY 701,068,195.76, an increase from CNY 616,252,306.46 in the previous year, representing a growth of about 13.7%[32] - Cash outflow from investing activities was CNY 137,600,238.45, compared to CNY 528,238,071.29 in the previous period, showing a reduction of approximately 74.0%[33] - The net cash flow from financing activities was CNY 98,700,427.77, a turnaround from CNY -135,685,424.23 in the same period last year[33] Assets and Liabilities - Total assets increased by 1.61% to CNY 6,890,737,864.24 compared to the end of the previous year[5] - The company's total liabilities were CNY 2,112,968,968.79, compared to CNY 2,071,724,210.96 at the start of the year[18] - The total equity attributable to shareholders increased to CNY 4,539,404,529.51 from CNY 4,503,471,955.30[18] - Long-term borrowings increased by 32.35% to CNY 270,304,963.08, attributed to an increase in bank loans[12] Shareholder Information - The total number of shareholders reached 36,846, with the top ten shareholders holding a combined 73.19% of shares[10] - Beijing Hainachuan Automotive Parts Co., Ltd. is the largest shareholder, holding 23.04% of shares[10] Government Support - The company received government subsidies amounting to CNY 3,271,814.94 related to its normal business operations[8] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[5] - Operating costs increased by 27.96% to CNY 577,706,178.49, primarily due to the rise in revenue[12] - Financial expenses surged by 109.70% to CNY 19,541,770.82, largely impacted by increased exchange rate losses[12]