CHANGHONG(SH:600839)2017-04-27 16:00Financial Performance - Operating revenue for the period was CNY 16.63 billion, representing a year-on-year increase of 7.93%[5] - Net profit attributable to shareholders decreased by 84.75% to CNY 32.98 million compared to the same period last year[5] - Basic earnings per share dropped by 84.83% to CNY 0.0071[5] - The net profit for Q1 2017 was CNY 211,037,442.86, compared to CNY 164,118,222.78 in the previous year, representing a growth of 28.6%[20] - The net profit for Q1 2017 was ¥167,458,629.66, down 50.5% from ¥338,638,019.58 in the same period last year[21] - The total profit for Q1 2017 was ¥241,578,034.71, a decrease of 40.8% compared to ¥408,412,130.01 in Q1 2016[21] - The company reported a total comprehensive income of ¥209,314,102.79 for Q1 2017, down from ¥337,225,801.86 in Q1 2016[21] Cash Flow - The net cash flow from operating activities was negative CNY 1.77 billion, compared to a positive CNY 389.64 million in the previous year[5] - The net cash flow from operating activities for Q1 2017 was -¥1,770,935,873.10, a significant decline from ¥389,641,384.08 in Q1 2016[26] - The cash inflow from operating activities totaled ¥17,070,484,374.42, a decrease from ¥17,124,127,270.86 in the previous year[26] - Total cash inflow from operating activities was 6,555,633,715.13 RMB, an increase from 6,045,065,022.25 RMB year-over-year[29] - The net cash flow from investing activities was 322,907,863.86 RMB, a significant improvement from -413,705,536.71 RMB in the previous year[29] - Cash inflow from financing activities totaled 2,531,658,436.79 RMB, down from 3,895,406,747.19 RMB year-over-year[29] - The net cash flow from financing activities was 101,869,063.96 RMB, compared to -601,029,997.59 RMB in the previous year[29] Assets and Liabilities - Total assets increased by 5.03% to CNY 62.87 billion compared to the end of the previous year[5] - Total liabilities increased to CNY 42,568.61 million from CNY 39,834.22 million, indicating a rise in both current and non-current liabilities[15] - The company's total assets as of March 31, 2017, amounted to CNY 28,403,105,225.56, compared to CNY 27,910,994,029.45 at the beginning of the year, indicating a growth of 1.77%[18] - Current liabilities due within one year decreased by 34.32% to CNY 46,324.42 million, primarily due to the repayment of long-term borrowings due within one year[10] - Long-term borrowings rose by 38.53% to CNY 95,585.10 million, mainly due to new borrowings during the period[11] Shareholder Information - The number of shareholders at the end of the reporting period was 355,946[8] - The largest shareholder, Sichuan Changhong Electric Group, holds 23.20% of the shares[8] Other Financial Metrics - The weighted average return on equity decreased by 1.54 percentage points to 0.26%[5] - Government subsidies recognized in the current period amounted to CNY 58.62 million[9] - Non-operating income and expenses totaled CNY 12.43 million after tax adjustments[9] - The fair value financial assets measured at fair value and recognized in current profit and loss decreased by 31.89% to CNY 16,418.98 million due to exchange rate fluctuations of forward foreign exchange contracts[10] - Interest receivables increased by 30.99% to CNY 3,562.12 million, primarily due to an increase in unsettled bank interest[10] - Non-current assets due within one year surged by 272.14% to CNY 4,698.42 million, mainly due to the reclassification of time deposits from a subsidiary[10] - Goodwill increased by 75.22% to CNY 27,672.68 million, attributed to the acquisition of Shanghai Weile Automotive Air Conditioning Co., Ltd. by a subsidiary[10] - The company's cash and cash equivalents decreased slightly to CNY 11,759.94 million from CNY 11,955.06 million[13] - The company's total equity increased to CNY 12,704.12 million from CNY 12,609.12 million, reflecting retained earnings growth[15] - The company's total operating costs for Q1 2017 were CNY 16,418,335,981.10, up from CNY 15,243,994,348.15, reflecting a year-over-year increase of 7.7%[20] - Inventory levels increased to CNY 4,094,024,609.26 from CNY 3,722,478,254.31, reflecting a rise of 10%[17] - Long-term equity investments rose to CNY 7,595,995,631.48 from CNY 7,522,462,654.78, indicating an increase of 1.0%[17]