CRUN(SZ:002272)2018-04-27 16:00Financial Performance - The company's operating revenue for Q1 2018 was ¥109,489,227.89, a decrease of 31.98% compared to ¥160,968,879.39 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥5,249,554.86, representing a decline of 264.91% from a profit of ¥3,183,195.27 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥9,276,159.49, down 587.98% from a profit of ¥1,900,925.16 in the same period last year[8] - The basic and diluted earnings per share were both -¥0.0125, a decrease of 264.47% from ¥0.0076 in the same period last year[8] - The total comprehensive income for the period was CNY -5,542,580.76, contrasting with CNY 3,183,439.99 in the same quarter last year[37] - The net profit for Q1 2018 was CNY 15,004,209.07, compared to a net loss of CNY 2,071,749.57 in Q1 2017, indicating a significant turnaround[39] Cash Flow - The net cash flow from operating activities was negative at ¥21,760,565.22, worsening by 116.87% compared to a negative cash flow of ¥10,033,930.14 in the previous year[8] - The cash flow from operating activities showed a net outflow of CNY -21,760,565.22, worsening from CNY -10,033,930.14 in the previous year[43] - Total cash inflow from operating activities was 1,255,360.48, while cash outflow was 47,841,428.20, resulting in a significant cash flow deficit[46] - The company’s cash flow from operating activities was significantly impacted, leading to a net decrease in cash and cash equivalents of -36,768,886.15[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,562,466,584.79, a decrease of 0.53% from ¥1,570,799,691.23 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were ¥1,168,824,328.96, down 0.45% from ¥1,174,072,073.88 at the end of the previous year[8] - The company's total liabilities were CNY 393,682,865.30, slightly down from CNY 396,793,390.98[30] - Cash and cash equivalents decreased significantly to CNY 13,719,952.04 from CNY 51,489,464.83[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,032[11] - The largest shareholder, Luo Lihua, held 18.39% of the shares, with 77,176,350 shares, of which 57,882,262 were pledged[11] Orders and Revenue Sources - Total operating revenue decreased by 31.98% year-on-year, primarily due to a lack of new executable orders in the equipment assembly and general contracting business[15] - New orders totaled 174.02 million, a year-on-year decrease of 6.85%, with lubricating hydraulic products down 9.61% and boiler and accessories down 2.38%[18] - Cash received from tax refunds decreased by 43.96% year-on-year, mainly due to a reduction in export tax rebates[16] Expenditures and Investments - Cash paid for the purchase of fixed assets increased by 3,018.77% year-on-year, reflecting a significant rise in capital expenditures[17] - Other receivables increased by 136.15% compared to the beginning of the period, mainly due to an increase in bid guarantee deposits[15] - Construction in progress increased by 4,145.72% compared to the beginning of the period, attributed to new photovoltaic power generation project construction[15] - Cash received from investments increased by 100.00% year-on-year, due to the full payment of capital contributions by minority shareholders[17] Employee and Tax Liabilities - Employee compensation payable decreased by 70.63% compared to the beginning of the period, as the company paid off last year's accrued employee compensation[15] - Tax payable decreased by 55.56% compared to the beginning of the period, primarily due to payments made for last year's accrued taxes and lower current period income[15]