2018-04-25 16:00Financial Performance - Operating revenue for the first quarter was CNY 2,322,580,812.33, down 12.74% year-on-year [8]. - Net profit attributable to shareholders was CNY 46,922,905.76, a decrease of 10.31% compared to the same period last year [8]. - Basic earnings per share were CNY 0.0486, reflecting a decline of 24.88% year-on-year [8]. - The company reported non-operating income of CNY 1,028,248.94 for the period [9]. - The company reported a 67.48% decrease in income tax expenses to CNY 763,000 due to a decline in total profit [13]. - The company reported a net profit of CNY 1,767,104,728.90 for Q1 2018, an increase from CNY 1,711,697,203.46 in the previous year, representing a growth of 3.3% [23]. - Net profit for Q1 2018 was CNY 55,407,525.44, an increase of 60.9% from CNY 34,405,016.86 in Q1 2017 [29]. - The total comprehensive income for Q1 2018 was CNY 55,407,525.44, compared to CNY 35,558,466.86 in Q1 2017, reflecting a strong performance [30]. Cash Flow - Cash flow from operating activities was negative at CNY -626,669,095.78, compared to CNY -315,066,590.44 in the previous year [8]. - The net cash flow from operating activities was -626,669,095.78 RMB, compared to -315,066,590.44 RMB in the previous period, indicating a decline of approximately 98.7% [34]. - Cash inflow from operating activities was 1,256,693,271.34 RMB, down from 1,568,946,159.01 RMB in the previous period, a decline of approximately 19.8% [37]. - The cash outflow from operating activities was 1,382,849,968.22 RMB, compared to 1,769,312,036.66 RMB in the previous period, indicating a decrease of about 22% [37]. - The company experienced a net decrease in customer deposits and interbank placements of CNY -193,984,490.53, compared to an increase of CNY 16,610,527.84 in the previous year [33]. - Total cash inflow from investment activities was 872,323,025.26 RMB, significantly higher than 13,196,210.83 RMB in the previous period, marking an increase of over 6,600% [34]. - The net cash flow from investment activities was 672,659,303.10 RMB, a substantial improvement from -161,138,099.60 RMB in the previous period [34]. - Cash outflow from financing activities totaled 863,272,439.99 RMB, compared to 72,467,081.99 RMB in the previous period, reflecting an increase of approximately 1,090% [35]. - The net cash flow from financing activities was -713,272,439.99 RMB, worsening from -35,744,831.99 RMB in the previous period [35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,954,389,521.85, a decrease of 1.05% compared to the end of the previous year [7]. - Total liabilities amounted to CNY 8,489,531,908.18, a decrease of 2.0% from CNY 8,663,791,049.62 at the beginning of the year [19]. - The total number of shareholders at the end of the reporting period was 33,919, with 33,554 being A-share holders [10]. - The largest shareholder, China Yituo Group Co., Ltd., held 41.66% of the shares [10]. - The company's receivables increased by 68.22% to CNY 208.31 million due to the sales peak season [12]. - Financial assets measured at fair value increased by 127.35% to CNY 9.20 million as the company purchased short-term financial products [12]. - The company's short-term borrowings increased by 6.15% to CNY 2.16 billion, indicating a rise in financing needs [18]. - The company's accounts payable rose by 47.96% to CNY 216.81 million, attributed to increased production during the sales peak [12]. - Total assets decreased from CNY 14.10 billion to CNY 13.95 billion, a decline of approximately 1.07% [18]. - Current assets totaled CNY 6,560,967,615.21, slightly down from CNY 6,652,457,565.84, a decrease of 1.4% [22]. - Inventory increased to CNY 613,310,941.60 from CNY 505,348,099.92, reflecting a rise of 21.4% [22]. - Short-term borrowings rose to CNY 2,653,810,000.00, an increase of 2.9% from CNY 2,578,420,000.00 at the beginning of the year [23]. - The company’s total equity increased to CNY 5,121,696,841.69 from CNY 5,066,289,316.25, marking a growth of 1.1% [23]. - Deferred income tax liabilities decreased to CNY 28,254,391.91 from CNY 28,741,816.43, a decline of 1.7% [19]. Operational Highlights - The company has not disclosed any new product developments or market expansion strategies in this report [11]. - The company's commission income rose by 150.00% to CNY 40,000, reflecting increased revenue from financial services [13]. - Interest expenses surged by 187.32% to CNY 589,000 due to an increase in deposits [13]. - Operating costs decreased to CNY 1,637,378,670.81, down 19.1% from CNY 2,023,610,086.81 year-over-year [29]. - The company reported a financial expense of CNY -18,383,766.58, compared to CNY 9,577,626.96 in the previous year, indicating a significant improvement [29]. - Investment income increased to CNY 11,667,193.57, up from CNY 2,431,365.85 in the same quarter last year [29]. - The fair value change loss was CNY -26,200,000.00, compared to a gain of CNY 4,197,000.00 in the same period last year [29].