ECC(SH:600850)2018-04-27 16:00Financial Performance - Operating revenue increased by 8.88% to CNY 1,437,628,264.61 year-on-year[6] - Net profit attributable to shareholders decreased by 4.18% to CNY 72,663,761.27[6] - Total operating revenue for Q1 2018 was CNY 1,437,628,264.61, an increase from CNY 1,320,409,319.50 in the same period last year, representing a growth of approximately 8.9%[32] - Net profit for Q1 2018 was CNY 67,355,313.42, compared to CNY 75,286,925.96 in Q1 2017, reflecting a decrease of approximately 10.5%[32] - Total comprehensive income for Q1 2018 was CNY 64,784,383.53, down from CNY 74,947,688.64 in the same period last year, a decrease of approximately 13.5%[33] Cash Flow - Cash flow from operating activities showed a significant decline of 67.23%, amounting to CNY -588,347,721.02[6] - Cash flow from operating activities for Q1 2018 was negative CNY 588,347,721.02, worsening from negative CNY 351,819,173.71 in Q1 2017[38] - Net cash flow from operating activities was negative CNY 7,682,931.07, worsening from negative CNY 3,438,364.26 in the same period last year[42] - Cash inflow from sales of goods and services was CNY 342,080,133.20, an increase of 29.2% from CNY 264,653,340.43 in the previous period[41] - Cash paid for purchasing goods and services was CNY 379,416,793.56, up from CNY 290,958,837.33 in the previous period, reflecting a growth of 30.4%[41] Assets and Liabilities - Total assets decreased by 11.95% to CNY 4,992,719,939.74 compared to the end of the previous year[6] - Total liabilities decreased from CNY 3,437,479,175.38 to CNY 2,673,689,685.94, a decline of about 22.25%[24] - Current liabilities decreased from CNY 3,437,479,175.38 to CNY 2,673,689,685.94, a reduction of about 22.25%[24] - Cash and cash equivalents decreased by 50.81% to CNY 790,848,683.70 due to loan repayments and procurement payments[12] - The balance of short-term loans at the end of the period was ¥80,214,528.45, a decrease of 74.54% compared to the beginning of the period, mainly due to loan repayments during the period[13] Shareholder Information - The number of shareholders reached 21,301 at the end of the reporting period[9] - The largest shareholder, East China Computer Technology Research Institute, holds 45.57% of the shares[9] Expenses - Tax and additional expenses for the period amounted to ¥4,232,447.91, an increase of 179.98% compared to the same period last year, primarily due to an increase in tax and additional expenses[14] - Financial expenses for the period were ¥198,969.45, a decrease of 86.69% compared to the same period last year, mainly due to reduced interest expenses and exchange losses[14] - Sales expenses for Q1 2018 were CNY 44,958,777.55, slightly up from CNY 41,016,751.24, an increase of about 7.1%[32] - Management expenses increased to CNY 99,128,995.81 from CNY 94,400,965.12, marking a rise of approximately 5.8%[32] Development and Investments - The company has initiated development expenditures amounting to CNY 7,262,876.85, marking a 100% increase[12] - The balance of development expenditures at the end of the period was ¥7,262,876.85, a 100% increase compared to the beginning of the period, primarily due to the capitalization of research and development expenditures[13] - Investment income for Q1 2018 was a loss of CNY 1,033,336.23, an improvement from a loss of CNY 1,267,982.86 in the previous year[32] Equity and Reserves - Shareholders' equity increased from CNY 2,232,594,269.02 to CNY 2,319,030,253.80, an increase of approximately 3.89%[24] - The company's retained earnings rose from CNY 1,628,906,394.81 to CNY 1,701,570,156.08, an increase of about 4.44%[24] - The balance of capital reserves at the end of the period was ¥9,421,768.89, an increase of 187.63% compared to the beginning of the period, mainly due to stock option exercises[13] - The company has completed the transfer of 1,477,925 shares under the stock option incentive plan, accounting for 52.37% of the total options available for the second exercise period[17]