A-Zenith(SH:603389)2018-04-26 16:00Financial Performance - Operating revenue declined by 15.29% to CNY 76,616,120.97 year-on-year[6] - Net profit attributable to shareholders decreased by 220.81%, amounting to -CNY 8,151,369.97[6] - Basic and diluted earnings per share were both -CNY 0.04, a decrease of 300% compared to the previous year[6] - The company reported a net loss excluding non-recurring items of -CNY 9,048,875.46, an increase of 212.52% year-on-year[6] - Total operating costs increased to CNY 96,058,622.37, up 2.4% from CNY 93,913,086.11 year-on-year[26] - Net profit for Q1 2018 was a loss of CNY 9,670,381.29, compared to a loss of CNY 2,658,119.75 in the previous year, representing a significant decline[26] - The total comprehensive income for Q1 2018 was ¥1,162,187.26, down from ¥2,297,165.72 in Q1 2017[30] Cash Flow - Net cash flow from operating activities worsened by 134.77%, reaching -CNY 84,890,294.38[6] - Cash flow from operating activities showed a net outflow of -84,890,294.38, a 134.77% decline compared to the same period last year[14] - Cash flow from investing activities showed a net outflow of -49,208,451.62, a 489.07% decline compared to the same period last year[14] - Cash outflow from financing activities was CNY 7,522,040.00, with no cash inflow reported, leading to a net cash flow from financing activities of CNY -7,522,040.00[39] - The net increase in cash and cash equivalents for the period was CNY -83,200,790.95, compared to CNY -26,841,268.25 in the previous year, indicating a significant decline in liquidity[39] Assets and Liabilities - Total assets decreased by 5.11% to CNY 1,019,456,309.12 compared to the end of the previous year[6] - The company's total assets as of March 31, 2018, amounted to CNY 830,751,320.47, an increase from CNY 822,251,544.56 at the beginning of the year[24] - Total liabilities reached CNY 84,875,414.70, up from CNY 77,537,826.05 at the start of the year, indicating a rise in financial obligations[24] - Cash and cash equivalents decreased by 40.11% compared to the beginning of the year, primarily due to increased investment and operating expenses[12] - Cash and cash equivalents at the end of Q1 2018 were CNY 171,825,553.90, down from CNY 429,815,985.63 at the end of Q1 2017, a decrease of approximately 60%[39] Shareholder Information - The total number of shareholders reached 16,403 by the end of the reporting period[9] - The largest shareholder, Shanghai Yazhen Investment Co., Ltd., holds 64.12% of the shares[9] Inventory and Receivables - Accounts receivable decreased by 18.55% compared to the previous period, attributed to lower sales and improved collection management[12] - Prepaid expenses increased by 129.67% compared to the beginning of the year, mainly due to higher advance payments for high-end customized equipment and materials[12] - Inventory increased by 7.71% compared to the beginning of the year, primarily due to an increase in materials and semi-finished products[12] - Other receivables increased by 53.62% compared to the beginning of the year, mainly due to increased deposits and employee advances[12] - Deferred tax assets increased by 48.37% compared to the beginning of the year, primarily due to losses incurred and pending approval for high-tech enterprise tax benefits[12] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 1,120,590.00[7] Return on Equity - The weighted average return on equity was -0.94%, a decrease of 0.64 percentage points compared to the previous year[6]