SOFE(SZ:000852)2018-04-26 16:00Financial Performance - The company's operating revenue for Q1 2018 was ¥545,569,547.07, a decrease of 5.60% compared to ¥577,946,851.89 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥84,627,530.08, an improvement of 21.30% from a loss of ¥107,528,490.02 in the previous year[8] - The net cash flow from operating activities was a negative ¥222,414,175.90, which is a 17.60% improvement compared to a negative ¥269,906,613.49 in the same period last year[8] - The company reported a net loss of ¥100,336,426.77, a 538.72% increase in losses compared to the previous period[15] Assets and Shareholder Equity - The total assets at the end of the reporting period were ¥6,894,911,249.48, a decrease of 1.46% from ¥6,996,990,747.74 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 4.73% to ¥1,675,586,394.09 from ¥1,758,840,847.54 at the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 48,651, with the largest shareholder, China Petroleum & Chemical Corporation, holding 58.74% of the shares[11] Earnings and Returns - The basic earnings per share were -¥0.14, an improvement of 22.22% from -¥0.18 in the same period last year[8] - The diluted earnings per share were also -¥0.14, reflecting the same improvement of 22.22% from -¥0.18 year-on-year[8] - The weighted average return on equity was -4.93%, an improvement from -6.49% in the previous year[8] Cash Flow and Receivables - Cash received from sales increased by 125.23% to ¥1,096,978,259.51 reflecting higher sales collections[15] - Accounts receivable decreased by 64.41% to ¥131,213,547.95 due to the endorsement transfer of acceptance bills for payment[15] - Cash paid for purchasing goods increased by 100.73% to ¥984,523,921.56 due to higher material payments[15] Expenses and Income - Sales expenses rose by 59.57% to ¥58,374,662.17 mainly due to increased freight and sales service fees[15] - Tax refunds received surged by 1265.21% to ¥14,432,717.39 mainly from increased export tax rebates[15] - Interest payable increased by 86.04% to ¥30,264,675.84 due to accrued borrowing interest expenses[15] - The company reported non-operating income of ¥9,677,065.82, primarily from government subsidies and gains from the disposal of fixed assets[9] Asset Management - The company recorded a significant increase in asset disposal gains by 2212.28% to ¥1,765,475.92 compared to the previous year[15] - Prepayments increased by 55.08% to ¥128,500,948.01 primarily due to unfulfilled settlement conditions for material procurement[15] - The company did not engage in any securities or derivative investments during the reporting period[18][19]