CFHI(SH:601106)2019-04-23 16:00Financial Performance - Operating revenue decreased by 11.32% to CNY 2,480,305,886.61 year-on-year[4] - Net profit attributable to shareholders decreased by 11.73% to CNY 23,813,353.29 compared to the same period last year[4] - Basic and diluted earnings per share decreased by 10.26% to CNY 0.0035[4] - Total operating revenue for Q1 2019 was CNY 2,480,305,886.61, a decrease of 11.3% compared to CNY 2,796,994,640.52 in Q1 2018[22] - Total operating costs for Q1 2019 were CNY 2,467,540,393.62, down 10.9% from CNY 2,769,078,318.11 in Q1 2018[22] - Net profit for Q1 2019 reached CNY 23,242,878.80, a slight increase of 1.8% from CNY 22,831,012.02 in Q1 2018[23] - Total comprehensive income for Q1 2019 was CNY 23,241,882.14, compared to CNY 22,831,473.27 in Q1 2018[23] - The total comprehensive income for the period was -126,830,062.18 RMB, reflecting a decline from -10,390,225.63 RMB in the previous year[28] - The company reported a basic earnings per share of -0.12 RMB in Q1 2019, indicating a loss compared to earnings in the same period last year[28] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -435,834,253.00, a significant decline from CNY -28,663,694.05 in the previous year[4] - The net cash flow from operating activities showed a significant decline of 1420.51%, dropping from CNY -2,866.37 million to CNY -43,583.43 million, mainly due to repayment of lease payments[13] - In Q1 2019, the company reported a net cash flow from operating activities of -191,042,244.02 RMB, a significant decline compared to a positive cash flow of 170,156,437.03 RMB in Q1 2018[30] - Total cash inflow from operating activities was 882,614,504.29 RMB, while cash outflow was 1,073,656,748.31 RMB, resulting in a net cash outflow of 191,042,244.02 RMB[30] - The company’s cash flow from operating activities decreased significantly, indicating potential challenges in maintaining liquidity and operational efficiency[30] Assets and Liabilities - Total assets increased by 4.24% to CNY 35,490,280,058.56 compared to the end of the previous year[4] - The total assets increased from CNY 34,047,325,622.84 to CNY 35,490,280,058.56, reflecting a growth in the company's asset base[17] - The company's total liabilities increased from CNY 17,019,375,062.51 to CNY 17,748,483,173.73, reflecting a rise in financial obligations[17] - Current liabilities totaled CNY 14,917,356,702.34, up from CNY 14,449,897,104.51, indicating an increase of approximately 3.2%[20] - Long-term borrowings amounted to CNY 5,750,000,000.00, compared to CNY 5,165,000,000.00 in the previous period, showing an increase of about 11.3%[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 349,084[7] - The largest shareholder, China First Heavy Industries Group Co., Ltd., holds 63.8% of the shares[7] Government and Other Income - Government subsidies recognized in the current period amounted to CNY 20,005,901.30[5] - Non-recurring gains and losses for the period totaled CNY 22,139,422.39 after tax[6] - Investment income surged by 1060.39% from CNY 0.51 million to CNY 5.91 million, primarily due to increased financial income compared to the same period last year[12] Expenses and Impairments - Research and development expenses for Q1 2019 totaled CNY 43,437,855.22, an increase of 21.0% from CNY 35,918,291.83 in Q1 2018[22] - The company reported a financial expense of CNY 131,426,538.84 in Q1 2019, slightly down from CNY 131,819,780.91 in Q1 2018[22] - The company experienced an asset impairment loss of CNY -22,518,105.28 in Q1 2019, compared to CNY -18,604,059.60 in Q1 2018[22] Cash Management - Cash and cash equivalents increased from CNY 2,588,579,047.19 to CNY 2,665,730,457.91, showing a slight improvement in liquidity[16] - Cash and cash equivalents at the end of Q1 2019 amounted to 2,427,301,863.63 RMB, down from 3,551,089,072.17 RMB at the end of Q1 2018[29] - The ending balance of cash and cash equivalents was $1,996,067,467.92, down from $2,694,300,841.40 at the end of the same quarter last year[32]