FACS(SH:600651)2019-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 781,344,292.32, down 1.27% year-on-year[18]. - Net profit attributable to shareholders of the listed company was CNY -140,702,229.71, an improvement from CNY -197,774,286.87 in the same period last year[18]. - Basic and diluted earnings per share were both CNY -0.143, compared to CNY -0.201 in the previous year[18]. - Total operating revenue for Q1 2019 was ¥781,344,292.32, a decrease of 1.3% compared to ¥791,358,485.17 in Q1 2018[49]. - Operating profit for Q1 2019 was -¥137,957,521.00, an improvement from -¥198,726,730.49 in Q1 2018[53]. - Net profit for Q1 2019 was -¥144,293,471.89, compared to -¥199,033,602.25 in Q1 2018, indicating a narrowing of losses[53]. - The company reported a net loss of -83,520,615.94 compared to a profit of 47,261,964.17 in the previous period[41]. - The total comprehensive income for Q1 2019 was -¥131,512,651.36, an improvement from -¥186,685,067.50 in Q1 2018[56]. - Net profit for the period was ¥-12,347,447.41, an improvement from ¥-46,492,513.73, indicating a reduction in losses by approximately 73.5%[58]. - Total profit amounted to ¥-12,215,864.50, compared to ¥-46,487,173.92, reflecting a significant decrease in losses of about 73.7%[58]. Assets and Liabilities - Total assets decreased by 5.04% to CNY 11,478,256,603.81 compared to the end of the previous year[18]. - Total liabilities decreased from 11,797,128,824.78 to 11,322,435,661.99, a reduction of approximately 4.02%[39]. - Current liabilities totaled 9,403,343,807.83, down from 9,881,760,259.40, reflecting a decrease of about 4.83%[39]. - Non-current liabilities slightly increased from 1,915,368,565.38 to 1,919,091,854.16, an increase of approximately 0.14%[39]. - Total equity decreased from 289,921,008.14 to 155,820,941.82, a decline of about 46.30%[41]. - Cash and cash equivalents dropped significantly from 509,621,093.15 to 29,938,019.08, a decrease of approximately 94.12%[41]. - The total current assets decreased to 6,915,664,973.14 RMB as of March 31, 2019, from 7,437,878,379.24 RMB as of December 31, 2018[36]. - The company’s total liabilities reached 9,881,760,259.40 RMB, reflecting a stable financial structure despite operational losses[76]. - The company reported a total asset value of 12,087,049,832.92 RMB, slightly down from 12,084,462,417.96 RMB, indicating stability in asset management[76]. - The company has long-term borrowings of ¥918,557,170.50 and long-term payables of ¥7,484,623.92[78]. Cash Flow - Net cash flow from operating activities improved to CNY -45,464,805.03 from CNY -119,171,246.77 year-on-year[18]. - The net cash flow from operating activities for Q1 2019 was -45,464,805.03 RMB, an improvement of 62% compared to -119,171,246.77 RMB in Q1 2018[30]. - Cash flow from operating activities showed a net outflow of ¥-45,464,805.03, an improvement from ¥-119,171,246.77 year-over-year[62]. - Cash outflows from financing activities were ¥1,473,378,179.83, compared to ¥602,492,471.68, indicating a significant increase in cash outflows[65]. - Cash flow from investment activities showed a net inflow of 24,010,048.20 RMB, contrasting with an outflow of -18,584,376.25 RMB in the prior period, indicating improved investment returns[70]. - The ending cash and cash equivalents balance decreased to 25,432,198.68 RMB from 267,559,792.44 RMB, reflecting liquidity challenges[70]. Shareholder Information - The total number of shareholders at the end of the reporting period was 81,898[24]. - The largest shareholder, Shanghai Yidian Electronics (Group) Co., Ltd., held 22.05% of the shares[24]. Government Subsidies and Other Income - The company reported a government subsidy of CNY 241,202.67 related to normal business operations[20]. - The company's other income decreased by 84% to 60,000.00 RMB in Q1 2019, down from 386,000.00 RMB in Q1 2018, primarily due to a reduction in government subsidies[28]. - The company reported investment income of ¥8,202,609.22, up from ¥2,453,545.65, representing an increase of approximately 233.5%[58]. Financial Expenses - The company's financial expenses increased by 34% to 85,514,355.46 RMB in Q1 2019 from 63,810,692.98 RMB in Q1 2018, attributed to increased exchange losses and rising borrowing rates[28]. - Financial expenses increased to ¥85,514,355.46 in Q1 2019 from ¥63,810,692.98 in Q1 2018, an increase of 33.9%[53]. Research and Development - Research and development expenses for Q1 2019 were ¥28,655,644.71, down from ¥30,645,546.96 in Q1 2018, a decrease of 6.5%[53].