People.cn (SH:603000)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 28.10% year-on-year, totaling CNY -57,874,099.38[7] - Operating revenue decreased by 1.04% year-on-year, amounting to CNY 267,316,618.09[7] - Total operating revenue for Q1 2018 was ¥267,316,618.09, a decrease of 0.3% from ¥270,118,516.75 in the previous year[33] - Net loss for Q1 2018 was ¥60,565,468.69, compared to a net loss of ¥58,864,132.92 in the same period last year, reflecting an increase in loss of approximately 2.9%[34] - Total comprehensive income for Q1 2018 was -28,132,528.36 CNY, compared to 40,731,578.22 CNY in the same period last year[38] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -85,372,333.48, a decline of 9.37% compared to the same period last year[7] - Cash inflow from operating activities was 294,765,371.99 CNY, down 20% from 368,585,823.75 CNY in the previous year[39] - Net cash flow from operating activities was -85,372,333.48 CNY, compared to -78,058,991.30 CNY in Q1 2017[39] - Cash inflow from investment activities totaled 1,256,895,557.50 CNY, a decrease of 52% from 2,618,315,157.91 CNY year-over-year[39] - Net cash flow from investment activities was -101,916,966.92 CNY, compared to 107,694,081.24 CNY in the previous year[40] - Cash outflow from financing activities was 9,800,000.00 CNY, down 86% from 72,663,100.00 CNY in Q1 2017[40] Assets and Liabilities - Total assets decreased by 3.19% compared to the end of the previous year, amounting to CNY 3,534,526,912.95[7] - The company's current assets totaled CNY 2,436,676,385.10, down from CNY 2,527,398,477.87 at the start of the year, indicating a decline of approximately 3.6%[24] - The total liabilities decreased from CNY 694,213,800.97 to CNY 658,871,156.62, reflecting a reduction of about 5.1%[26] - The company's total liabilities decreased to ¥411,407,582.99 from ¥424,461,246.37, a reduction of about 3.1%[30] - Total equity decreased to ¥2,752,190,525.54 from ¥2,780,323,053.90, indicating a decline of approximately 1.0%[30] Shareholder Information - The number of shareholders at the end of the reporting period was 66,143[11] - The equity attributable to shareholders of the parent company was CNY 2,723,083,326.00, down from CNY 2,784,882,441.56, representing a decline of approximately 2.2%[26] Investment Income - Investment income decreased by 39.91% year-on-year, primarily due to a significant decline in equity method investment income[16] - Investment income for Q1 2018 was ¥5,973,877.10, down from ¥9,942,337.41 year-over-year, a decrease of approximately 40.0%[33] Commitments and Guarantees - The company reported a commitment from its controlling shareholder, People's Daily, to avoid engaging in similar business activities that could compete with People's Daily Online[18] - The commitment from People's Daily is effective from March 2011 and is irrevocable, ensuring long-term support for the company's competitive advantage[21] - The company has a commitment to notify and provide business opportunities to People's Daily Online if any competitive opportunities arise from third parties[18] - The company guarantees that the controlling shareholder will not exploit its position to harm the legitimate rights and interests of People's Daily Online[19] Other Financial Metrics - The weighted average return on net assets decreased by 0.43 percentage points to -2.10%[7] - Basic and diluted earnings per share for Q1 2018 were both -¥0.05, compared to -¥0.04 in the previous year[34] - Other comprehensive income after tax for Q1 2018 was -¥3,923,083.62, compared to ¥11,893,214.82 in the previous year, reflecting a significant decline[34] - The cash and cash equivalents decreased by 37.50% compared to the beginning of the year, mainly due to the purchase of financial products that have not yet matured[13] - The ending balance of cash and cash equivalents was 329,050,829.84 CNY, a decrease from 384,895,832.12 CNY in the same period last year[40] - The ending balance of cash and cash equivalents for the parent company was 125,868,780.24 CNY, compared to 162,309,963.98 CNY in the previous year[43]