2018-04-27 16:00Financial Performance - Operating revenue for the period was CNY 3.64 billion, a decrease of 2.43% year-on-year[6] - Net profit attributable to shareholders decreased by 19.23% to CNY 280.68 million[6] - Basic and diluted earnings per share decreased by 19.19% to CNY 0.024[6] - Total revenue for Q1 2018 was approximately ¥3.80 billion, a slight decrease from ¥3.82 billion in Q1 2017, representing a decline of about 0.7%[27] - Operating income for Q1 2018 was approximately ¥3.64 billion, down from ¥3.73 billion in Q1 2017, reflecting a decrease of around 2.4%[28] - Net profit for Q1 2018 was approximately ¥303.70 million, compared to ¥363.97 million in Q1 2017, indicating a decline of about 16.5%[28] - The company's total operating revenue for Q1 2018 was CNY 509,294,019.30, a decrease of 12.7% compared to CNY 583,352,871.53 in Q1 2017[30] - The net profit for Q1 2018 was a loss of CNY 431,847,640.32, compared to a loss of CNY 99,196,148.52 in Q1 2017, indicating a significant decline in profitability[31] - The total comprehensive income for Q1 2018 was CNY -431,847,640.32, reflecting the same loss as the net profit[31] Assets and Liabilities - Total assets decreased by 2.73% to CNY 135.25 billion compared to the end of the previous year[6] - The total assets as of March 31, 2018, were ¥135,245,600,118.44, down from ¥139,037,660,370.61 at the end of 2017, indicating a reduction of about 2.6%[20] - Current liabilities totaled ¥55,900,646,053.61 as of March 31, 2018, compared to ¥52,657,931,950.46 at the end of 2017, reflecting an increase of approximately 4.2%[20] - Non-current liabilities decreased from ¥69,505,941,738.99 on December 31, 2017, to ¥61,882,658,494.93 as of March 31, 2018, a reduction of about 10.9%[21] - The total liabilities as of March 31, 2018, were ¥117,783,304,548.54, down from ¥122,163,873,689.45 at the end of 2017, indicating a decrease of approximately 3.6%[21] Cash Flow - Cash flow from operating activities showed a significant decline of 228.04%, resulting in a net outflow of CNY 1.21 billion[6] - The net cash flow from operating activities decreased by 228.04% year-on-year, primarily due to the increase in net placements with the central bank and interbank[13] - Cash inflows from operating activities in Q1 2018 totaled CNY 2,975,822,648.51, compared to CNY 1,240,134,529.85 in Q1 2017, showing a substantial increase[32] - The net cash flow from operating activities for Q1 2018 was CNY -1,210,957,252.50, a significant decline from CNY 945,782,228.94 in Q1 2017[32] - The company reported a cash inflow of CNY 5,979,010,650.16 from investment activities in Q1 2018, up from CNY 4,392,796,204.25 in Q1 2017[32] - The company reported a total cash inflow from operating activities of ¥986,346,180.77, down from ¥1,510,727,571.00 in the previous year[35] Shareholder Information - The number of shareholders reached 372,579 by the end of the reporting period[9] - The largest shareholder, China Ocean Shipping (Group) Company, holds 37.75% of the shares[9] Interest and Expenses - Interest income increased by 74.57% year-on-year, primarily due to the increase in the scale of loans and advances issued by the financial company[12] - Interest expenses increased by 139.55% year-on-year, mainly due to the increase in interest expenses for deposits absorbed by the financial company[12] - Commission and fee expenses increased by 3,765.60% year-on-year, primarily due to the increase in bank commission expenses[12] - The company's financial expenses for Q1 2018 were approximately ¥829.57 million, compared to ¥664.30 million in Q1 2017, indicating an increase of about 24.9%[28] Equity and Reserves - The total equity attributable to shareholders of the parent company was ¥16,841,652,513.47 as of March 31, 2018, compared to ¥16,276,161,992.76 at the end of 2017, an increase of approximately 3.5%[21] - The special reserve increased by 1,077.22% compared to the beginning of the period, mainly due to the provision for special reserves that were not used during the reporting period[12] - The total comprehensive income attributable to the parent company increased by 65.06% year-on-year, mainly due to the increase in other comprehensive income attributable to the parent[12]