Starry(SH:603520)2018-04-27 16:00Financial Performance - Operating income for the first quarter was CNY 197,038,930.65, a slight increase of 0.39% year-on-year[6]. - Net profit attributable to shareholders decreased by 14.29% to CNY 21,797,676.07 compared to the same period last year[6]. - Basic earnings per share decreased by 21.74% to CNY 0.18 compared to the previous year[6]. - The weighted average return on equity decreased by 0.85 percentage points to 2.55%[6]. - Total operating revenue for Q1 2018 was CNY 197,038,930.65, a slight increase of 0.39% compared to CNY 196,271,884.60 in the same period last year[34]. - Net profit for Q1 2018 was CNY 21,999,127.37, down 22.73% from CNY 28,501,458.27 in Q1 2017[35]. - Earnings per share for Q1 2018 were CNY 0.18, compared to CNY 0.23 in the same quarter last year, representing a decrease of 21.74%[36]. Cash Flow - The net cash flow from operating activities improved significantly, with a reduction in losses of 94.19% to -CNY 2,310,054.77[6]. - Cash flow from operating activities for Q1 2018 was CNY 132,873,058.81, significantly higher than CNY 78,903,630.99 in the previous year, indicating a growth of 68.29%[43]. - The net cash flow from operating activities was -14,437,005.13 RMB, compared to -21,790,785.36 RMB in the previous period, indicating an improvement[47]. - Total cash inflow from operating activities was 120,738,130.97 RMB, up from 75,480,345.93 RMB year-over-year, reflecting a growth of approximately 60%[47]. - The net cash flow from financing activities was 65,892,520.59 RMB, a turnaround from -23,758,070.36 RMB in the previous period[48]. Assets and Liabilities - Total assets increased by 3.90% to CNY 2,091,945,697.04 compared to the end of the previous year[6]. - Total current assets increased to ¥850,168,911.52 from ¥784,582,650.80, representing an increase of approximately 8.35%[26]. - Total non-current assets increased to ¥1,241,776,785.52 from ¥1,228,787,851.63, showing a growth of about 1.06%[27]. - Current liabilities increased to ¥692,153,523.37 from ¥632,116,938.72, representing a rise of about 9.50%[27]. - Total liabilities rose to ¥1,197,506,626.46 from ¥1,140,930,559.22, indicating an increase of approximately 4.93%[28]. - Total equity increased to ¥894,439,070.58 from ¥872,439,943.21, reflecting a growth of about 2.83%[28]. Shareholder Information - The total number of shareholders reached 15,056 at the end of the reporting period[11]. - The largest shareholder, Hu Jinsheng, holds 21.38% of the shares, with a total of 25,650,000 shares pledged[11]. Expenses - Financial expenses increased by 50.55% to RMB 12,226,464.41, mainly due to higher loan interest and foreign exchange losses[17]. - Sales expenses decreased by 30.47% to RMB 1,654,577.03, primarily due to a reduction in business entertainment expenses compared to the same period last year[17]. - The company reported a significant decrease in other income by 37.06% to RMB 762,517.41, mainly due to a reduction in government subsidies related to daily operations[17]. - Management expenses increased to CNY 29,691,610.77 from CNY 25,518,955.09, reflecting a rise of 16.67%[35]. Other Financial Activities - The company reported non-operating income of CNY 811,941.53 during the quarter[8]. - The company is undergoing a major asset restructuring, with stock trading suspended since November 27, 2017, pending regulatory review[20]. - The company plans to continue stock suspension for up to two months starting February 27, 2018, to ensure fair information disclosure and protect investor interests[21].