CIG(SH:603083)2018-04-22 16:00Financial Performance - Total revenue for Q1 2018 reached RMB 682,968,090.49, representing a 49.08% increase compared to the same period last year[6] - Net profit attributable to shareholders was RMB -41,124,262.88, a significant decline from RMB -12,452,777.85 in the previous year[6] - The company reported a total comprehensive loss of -71,507,704.23 RMB for the quarter, compared to -43,578,552.09 RMB in the same quarter last year[27] - The total comprehensive income attributable to the parent company was -42,995,313.19 RMB, compared to -12,647,974.18 RMB in the previous period, indicating a significant decline[26] - The net profit for the period was -71,507,704.23 RMB, worsening from -43,578,552.09 RMB year-over-year[27] - Basic and diluted earnings per share were both -0.42 RMB, compared to -0.17 RMB in the previous year[26] Operating Costs and Expenses - Operating costs increased by 62.02% year-on-year, primarily due to sales scale growth and rising material costs[7] - The company incurred operating costs of 639,508,057.12 RMB, which was significantly higher than the operating revenue, leading to an operating loss of -70,105,654.82 RMB[26] - The company reported a significant increase in financial expenses, up 456.09% to ¥8,994,662.70, primarily due to foreign exchange losses from the appreciation of the RMB[14] - The company experienced an asset impairment loss of ¥1,458,339.16 in Q1 2018, contrasting with a gain of ¥11,198,610.75 in Q1 2017[25] - The company reported a significant increase in sales expenses, which reached ¥13,817,012.52, compared to ¥9,948,604.42 in the same period last year[25] Cash Flow and Liquidity - The company reported a cash flow from operating activities of RMB -104,259,609.30, indicating a worsening cash flow situation compared to RMB -86,768,878.64 last year[6] - Cash flow from financing activities decreased by 124.56%, resulting in a net outflow of ¥22,105,067.30, due to reduced bank borrowings[14] - The cash and cash equivalents decreased by 34.54% to ¥372,792,959.59, due to investments in long-term assets and repayment of short-term loans[14] - The company incurred a total cash outflow of $807.13 million from operating activities, up from $765.06 million year-over-year, marking a 5.0% increase[32] - Net cash flow from operating activities was -$48.96 million, an improvement from -$118.61 million year-over-year[32] Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,292,183,045.89, down 2.51% from the previous year[6] - The total assets decreased from ¥2,351,257,802.39 at the beginning of the year to ¥2,292,183,045.89, indicating a reduction in overall asset base[18] - Total liabilities for Q1 2018 were ¥1,277,526,668.92, down from ¥1,291,017,785.63 in the previous period[22] - The company’s total liabilities decreased slightly from ¥1,289,259,509.38 to ¥1,273,180,066.07, reflecting a stable financial position[18] - Current assets totaled ¥1,513,431,530.37, a decrease of 9.8% from ¥1,677,700,100.84 in the previous period[22] Strategic Initiatives - The company is increasing investment in R&D and expanding into overseas markets as part of its transformation strategy[7] - The company completed its initial public offering in November 2017, raising a net amount of RMB 328,305,400.00[7] - The company’s development expenditures rose by 50.50% to ¥108,905,575.12, reflecting increased investment in R&D during the development phase[14] - The construction in progress surged by 123.89% to ¥82,595,457.48, indicating significant ongoing capital projects[14] Shareholder Information - The total number of shareholders reached 17,186 by the end of the reporting period[10]