CSI(SH:600158)2019-04-29 16:00Financial Performance - Operating revenue for the period was ¥94,717,937.61, representing a decrease of 5.46% year-on-year[12] - Net profit attributable to shareholders was -¥1,001,840.64, showing an improvement from -¥10,622,163.02 in the same period last year[12] - The basic earnings per share for the period was -¥0.0012, an improvement from -¥0.0126 in the previous year[12] - Total operating revenue for Q1 2019 was ¥94,717,937.61, a decrease of 5% from ¥100,189,712.12 in Q1 2018[47] - Net profit for Q1 2019 was -¥9,107,165.45, an improvement compared to -¥18,360,358.43 in Q1 2018, indicating a reduction in losses by approximately 50%[50] - The total profit for Q1 2019 was -¥8,886,623.69, compared to -¥18,280,026.02 in Q1 2018, showing a significant reduction in losses[47] - The company’s operating profit for Q1 2019 was -¥27,763,835.89, worsening from -¥18,227,006.34 in Q1 2018[47] Cash Flow - Net cash flow from operating activities was -¥33,932,301.36, a significant decline of 384.13% compared to the previous year[12] - The company reported a 52.81% decrease in cash received from sales of goods and services, totaling ¥179,941,617.11, primarily due to a decline in real estate pre-sale funds[18] - Cash flow from operating activities for Q1 2019 was negative at -33,932,301.36 RMB, compared to a positive 11,942,523.05 RMB in Q1 2018, indicating a decline in operational efficiency[60] - Total cash inflow from operating activities decreased to 324,980,271.75 RMB in Q1 2019 from 413,042,133.66 RMB in Q1 2018, a drop of approximately 21.3%[60] - Cash outflow from operating activities increased slightly to 358,912,573.11 RMB in Q1 2019 from 401,099,610.61 RMB in Q1 2018, reflecting a 14.3% increase[60] - Cash inflow from financing activities was significantly positive at 201,231,858.58 RMB in Q1 2019, compared to a negative cash flow of -48,046,483.59 RMB in Q1 2018, indicating strong financing efforts[61] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,405,628,960.14, an increase of 3.51% compared to the end of the previous year[12] - Total liabilities rose to $2,435,830,186.05 from $2,280,228,502.59, reflecting an increase of around 6.8%[33] - Shareholders' equity decreased to $1,969,798,774.09 from $1,976,210,939.54, a decline of about 0.3%[33] - Long-term borrowings increased by 228.17% to ¥240,000,000.00, attributed to new long-term loans taken during the period[18] - Current liabilities decreased slightly to $2,190,891,087.89 from $2,202,116,468.38, a reduction of approximately 0.6%[32] Shareholder Information - The number of shareholders at the end of the reporting period was 94,683[13] - The largest shareholder, the State Sports General Administration Sports Fund Management Center, holds 22.07% of the shares[13] Government Support and Non-Operating Income - The company received government subsidies amounting to ¥976,449.87, closely related to its normal business operations[12] - Non-operating income for the period included ¥1,599,261.73 from the disposal of non-current assets[12] Investment and Research - Research and development expenses decreased to ¥74,260.00 in Q1 2019 from ¥128,830.00 in Q1 2018, a reduction of about 42%[47] - The company recorded investment income of ¥6,149,430.95 in Q1 2019, down from ¥7,493,298.68 in Q1 2018, reflecting a decline of approximately 18%[47] Legal and Compliance - The company has received execution funds of ¥168,122,948.90 related to a legal case, indicating ongoing litigation impacts[21] - The company implemented new financial instruments and revenue recognition standards, impacting the financial reporting structure[77] - The company is focused on adhering to new accounting standards to enhance financial reporting accuracy and transparency[87]