CRM(SZ:000927)2016-04-28 16:00Financial Performance - The company's operating revenue for Q1 2016 was ¥559,666,197.81, a decrease of 52.16% compared to ¥1,169,764,106.57 in the same period last year[4] - The net profit attributable to shareholders was -¥166,885,523.01, showing an improvement of 35.11% from -¥257,177,019.69 year-on-year[4] - Operating revenue fell by 52.16% to ¥559.67 million, primarily due to a decrease in product sales[9] - Operating costs decreased by 43.09% to ¥699.11 million, reflecting the reduction in sales volume[9] - Investment income increased by 67.04% to ¥137.97 million, mainly from increased returns from Tianjin FAW Toyota[9] - The company reported non-recurring gains of ¥4,522,622.67 during the reporting period[4] Cash Flow - The net cash flow from operating activities was -¥541,873,603.72, a decline of 320.57% compared to -¥128,842,018.89 in the previous year[4] - Net cash flow from operating activities worsened by 320.57%, resulting in a negative cash flow of ¥541.87 million due to decreased sales and increased procurement expenses[9] - Net cash flow from investing activities decreased by 74.10% to -¥23.27 million, primarily due to increased payments for fixed asset acquisitions[9] - Net cash flow from financing activities turned negative at -¥147.98 million, a 267.08% decline, mainly due to loan repayments[9] Assets and Shareholder Equity - Total assets at the end of the reporting period were ¥5,219,987,202.87, down 11.58% from ¥5,903,920,409.51 at the end of the previous year[4] - The net assets attributable to shareholders decreased by 10.86% to ¥1,368,863,880.33 from ¥1,535,665,672.40 at the end of the previous year[4] - The weighted average return on equity was -11.49%, an improvement of 7.03% from -18.52% in the same period last year[4] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,678[6] - The largest shareholder, China First Automobile Works Group, held 47.73% of the shares, totaling 761,427,612 shares[6] - The second-largest shareholder, Tianjin Baoli Machinery Equipment Group, held 24.46% of the shares, totaling 390,158,808 shares[6] Expenses - Management expenses decreased by 43.20% to ¥88.20 million, attributed to reduced R&D expenses and intangible asset amortization[9] - Financial expenses decreased by 48.42% to ¥18.42 million, due to a reduction in cash amounts[9] - Other income decreased by 70.07% to ¥5.38 million, primarily due to a reduction in deferred income amortization[9] Cash and Cash Equivalents - Cash and cash equivalents decreased by 47.22% to ¥797.06 million due to reduced sales collections and project investments[9]