CRM(SZ:000927)2018-04-27 16:00Financial Performance - The company's operating revenue for Q1 2018 was ¥375,309,050.91, representing a 7.22% increase compared to ¥350,022,999.00 in the same period last year[4] - The net profit attributable to shareholders was -¥223,001,044.01, an improvement of 16.11% from -¥265,829,726.82 year-on-year[4] - The net cash flow from operating activities improved by 50.62%, reaching -¥241,253,630.11 compared to -¥488,565,497.24 in the previous year[4] - Total assets decreased by 2.69% to ¥4,768,630,339.61 from ¥4,900,300,385.69 at the end of the previous year[4] - The company's net assets attributable to shareholders turned negative at -¥164,958,119.80, a decline of 384.48% from ¥57,985,413.59 at the end of the previous year[4] - The weighted average return on equity was -416.71%, a significant drop from -16.98% in the previous year[4] Inventory and Financial Expenses - Inventory increased by 126.43% to ¥360,116,131.17, primarily due to an increase in finished vehicle stock[9] - Financial expenses surged by 2660.98% to ¥23,726,481.76, mainly due to increased loan interest payments[10] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 51,879[6] - The top two shareholders, China First Automobile Group Co., Ltd. and Tianjin Baoli Machinery Equipment Group Co., Ltd., held 47.73% and 19.46% of shares, respectively[6] Competition and Management Issues - The company has not fulfilled its commitment to avoid competition with its subsidiaries, which was supposed to be completed within five years of establishment, and this commitment is now overdue[12] - The company acknowledges that macroeconomic conditions and internal management changes have hindered the fulfillment of its commitments regarding competition avoidance[12] - The company remains committed to resolving competition issues and improving management in accordance with national policies on state-owned enterprise reform[12]