CRM(SZ:000927)2017-10-30 16:00Financial Performance - Operating revenue for the reporting period was CNY 374,341,576.04, a decrease of 20.26% year-on-year[4] - Net profit attributable to shareholders was a loss of CNY 437,813,102.94, down 42.86% year-on-year[4] - Basic earnings per share were CNY -0.2745, a decrease of 42.87% compared to the same period last year[4] - Total revenue for the period was ¥997,164,825.73, a decrease of 32.28% compared to ¥1,472,429,993.85 in the same period last year, primarily due to a reduction in vehicle sales[12] - Financial expenses decreased by 59.05% to ¥28,017,410.64 from ¥68,418,425.44, mainly due to reduced interest expenses[12] - Investment income fell by 45.82% to ¥179,923,128.89 from ¥332,078,735.08, primarily due to a decrease in equity held in FAW Toyota[12] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 1,374,003,775.29, an increase of 15.16% compared to the previous year[4] - Net cash flow from operating activities was -¥1,374,003,775.29, an improvement of 15.16% compared to -¥1,619,431,438.99, mainly due to reduced sales collections[13] - Net cash flow from investing activities was -¥111,720,917.15, a significant decrease of 103.75% from ¥2,975,744,470.31, primarily due to reduced cash received from investment dividends[13] - Net cash flow from financing activities increased by 668.31% to ¥1,453,843,343.98 from -¥255,817,846.92, mainly due to increased borrowings and reduced debt repayments[13] Assets and Shareholder Information - Total assets increased by 8.35% to CNY 5,102,603,444.76 compared to the end of the previous year[4] - Net assets attributable to shareholders decreased by 66.15% to CNY 574,850,991.50 compared to the end of the previous year[4] - The number of ordinary shareholders at the end of the reporting period was 52,926[7] - The top two shareholders, China First Automobile Group and Tianjin Bailei Machinery Equipment Group, held 47.73% and 19.46% of shares, respectively[7] Investments and Projects - The company reported a significant increase of 731.67% in construction in progress to CNY 281,181,137.84, attributed to new product investment projects[10] Management and Competition - The company has not fulfilled its commitment to avoid competition with subsidiaries, citing changes in the macroeconomic environment and internal management as reasons[15] - The company plans to improve management and continue preparations to resolve competition issues while ensuring no harm to the interests of shareholders[15] Product Development and Market Strategy - There are no significant updates on new product development or market expansion strategies mentioned in the report[14] - The company has not engaged in any securities or derivative investments during the reporting period[16][17]