SIFANG(SH:601126)2017-04-27 16:00Financial Performance - Operating revenue decreased by 6.33% to CNY 468,525,997.91 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 292.51% to a loss of CNY 19,154,225.96 compared to the same period last year[5] - The company's operating profit for Q1 2017 was a loss of CNY 51,652,715.10, worsening from a loss of CNY 8,715,473.71 in the previous year[25] - Net profit for Q1 2017 was a loss of CNY 20,063,314.88, compared to a profit of CNY 7,263,935.37 in Q1 2016[25] - Basic and diluted earnings per share for Q1 2017 were both CNY -0.0236, down from CNY 0.0122 in Q1 2016[25] Cash Flow - The net cash flow from operating activities was negative at CNY -178,343,728.58, worsening from CNY -130,107,511.17 in the previous year[5] - The company's operating cash inflow for Q1 2017 was CNY 714,787,343.35, an increase of 6.6% compared to CNY 670,123,304.64 in the same period last year[29] - Total cash outflow from operating activities was CNY 893,131,071.93, up from CNY 800,230,815.81 in Q1 2016, indicating a 11.6% increase[29] - The parent company reported a net cash flow from operating activities of -CNY 70,290,608.65, worsening from -CNY 58,122,236.68 year-over-year[30] Assets and Liabilities - Total assets increased by 1.93% to CNY 5,629,422,736.11 compared to the end of the previous year[5] - The total equity increased to CNY 3,637,551,852.25 from CNY 3,609,132,227.44 in the same period last year[22] - Total liabilities decreased to CNY 1,475,643,834.18 from CNY 1,510,367,690.50 year-over-year[22] - The total assets as of the end of Q1 2017 were CNY 5,113,195,686.43, a slight decrease from CNY 5,119,499,917.94 at the end of the previous year[22] Borrowings and Financial Expenses - Short-term borrowings increased by 70.73% to CNY 569,433,300.00 compared to the beginning of the year[11] - Interest payable increased by 100.86% compared to the beginning of the period, mainly due to an increase in unpaid loan interest[12] - Financial expenses increased by 45.77% year-on-year, primarily due to decreased interest income and increased interest expenses on bank loans[13] Income and Revenue - The company reported a significant increase in non-operating income by 74.44% to CNY 30,626,985.07 compared to the previous year[11] - Investment income decreased by 36.71% year-on-year, primarily due to a decline in the operating performance of a joint venture[13] - The company's total sales revenue from goods and services received was CNY 665,504,660.76, an increase from CNY 628,422,434.62 in Q1 2016[29] Shareholder Information - The number of shareholders reached 32,011, with the largest shareholder holding 45.12% of the shares[9] Other Financial Metrics - The weighted average return on equity decreased by 0.77 percentage points to -0.50%[5] - Asset impairment losses increased by 76.06% year-on-year, mainly due to an increase in bad debt provisions for accounts receivable[13] - The company reported a significant increase in short-term borrowings, rising to CNY 517,534,000.00 from CNY 307,534,000.00 year-over-year[22] - Cash inflow from financing activities was CNY 280,871,200.00, significantly higher than CNY 2,200,000.00 in Q1 2016[29]