APLUS(SZ:300163)2018-07-17 07:41Financial Performance - Operating revenue for the reporting period was CNY 156,740,783.14, down 15.31% year-on-year [7]. - Net profit attributable to shareholders was a loss of CNY 206,310.94, a decline of 101.53% compared to the same period last year [7]. - The basic earnings per share were CNY -0.0004, a decrease of 101.33% compared to the previous year [7]. - The weighted average return on net assets was -0.04%, down 1.94% year-on-year [7]. - The company reported a gross profit margin decline, with operating profit at -¥4,260,067.85 compared to ¥15,348,400.50 in the previous period [39]. - The net profit attributable to the parent company was -¥206,310.94, compared to a profit of ¥13,505,315.36 in the previous period, indicating a significant decline [40]. - The company reported a net loss of 473,216.87, compared to a net profit of 47,249,305.38 in the previous period, indicating a significant shift [46]. - The company’s total comprehensive income for the current period is 2,716,493.23, significantly lower than 54,339,496.44 in the previous period, indicating a decline of approximately 95.00% [46]. Cash Flow - The net cash flow from operating activities decreased by 57.81% to CNY 39,337,541.24 year-to-date [7]. - Operating cash flow net amount decreased by 107,213,093.06 yuan, a decline of 73.16% compared to the same period last year, mainly due to reduced cash received from sales and increased cash payments related to operating activities [17]. - Financing cash flow net amount decreased by 109,183,125.41 yuan, a decline of 354.26% compared to the same period last year, primarily due to loan repayments, dividend payments, and guarantee deposits [17]. - Cash flow from operating activities generated CNY 39,337,541.24, a decline of 57.8% compared to CNY 93,235,244.90 in the previous year [53]. - Cash inflow from financing activities was CNY 26.14 million, down from CNY 86.95 million in the previous year [58]. - Net cash flow from financing activities showed a decline to negative CNY 124.16 million, compared to a positive CNY 6.12 million last year [58]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,108,704,132.61, a decrease of 9.86% compared to the end of the previous year [7]. - The total assets of Ningbo Pioneer New Materials Co., Ltd. decreased from CNY 1,230,000,954.23 at the beginning of the period to CNY 1,108,704,132.61 at the end of the period, representing a decline of approximately 9.9% [33]. - Total liabilities decreased from CNY 473,336,898.07 to CNY 371,653,899.29, reflecting a decline of around 21.5% [32]. - Short-term borrowings decreased by 95,651,133.09 yuan, a decline of 86.38% compared to the end of the previous year, mainly due to repayment of bank loans [16]. - Long-term borrowings increased by 179,935,900.00 yuan, a rise of 100% compared to the end of the previous year, mainly due to the addition of bank long-term loans [16]. - Current liabilities decreased to ¥146,350,458.01 from ¥210,092,533.94, a reduction of 30.4% [36]. Other Financial Metrics - Tax expenses increased by 1,562,310.90 yuan, an increase of 84.41% compared to the same period last year, mainly due to increased turnover tax payments [16]. - Financial expenses increased by 15,750,613.83 yuan, an increase of 555.88% compared to the same period last year, primarily due to foreign exchange losses in the current period [16]. - Non-operating income decreased by 9,656,782.82 yuan, a decline of 66.14% compared to the same period last year, mainly due to the absence of performance compensation from Gai Shi Automotive received last year [16]. - Income tax expenses decreased by 11,097,769.79 yuan, a decline of 143.20% compared to the same period last year, mainly due to losses from the Australian subsidiary KRS [17]. Inventory and Receivables - Other receivables increased by CNY 33,358,113.19, a rise of 480.22% primarily due to an increase in receivables from equity transfer [15]. - Assets classified as held for sale increased by CNY 63,000,000.00, a 100% increase due to the signing of an equity transfer agreement [15]. - Goodwill decreased by CNY 63,021,491.72, a decline of 49.45% as the company lost control over a subsidiary [15]. - The inventory level slightly decreased from CNY 181,161,639.30 to CNY 175,459,943.31, a reduction of approximately 3.9% [30]. - The company’s inventory decreased from ¥34,587,973.23 to ¥29,602,890.46, a reduction of 14.4% [34].