CRM(SZ:000927)2019-04-29 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥134,873,654.33, representing a decrease of 64.06% compared to the same period last year[2]. - The net profit attributable to shareholders was a loss of ¥199,017,387.55, which is an improvement of 10.75% compared to a loss of ¥223,001,044.01 in the previous year[2]. - The basic and diluted earnings per share were both negative ¥0.12, showing an improvement of 14.29% from negative ¥0.14 in the same period last year[2]. - Total operating revenue for Q1 2019 was CNY 134,873,654.33, a decrease of 64.0% compared to CNY 375,309,050.91 in the same period last year[12]. - Net loss for Q1 2019 was CNY 198,991,701.21, compared to a net loss of CNY 222,936,005.67 in Q1 2018, representing a 10.7% improvement[13]. - The company reported a total comprehensive loss for Q1 2019 of CNY 198,991,701.21, compared to CNY 222,936,005.67 in Q1 2018[13]. - The net profit for the first quarter of 2019 was -173,328,357.69 CNY, compared to -131,644,559.58 CNY in the same period last year, indicating a decline of approximately 31.6%[14]. - The total comprehensive income for the first quarter was -173,328,357.69 CNY, which is a decrease from -131,644,559.58 CNY year-over-year, indicating a decline of about 31.6%[14]. Cash Flow and Investments - The net cash flow from operating activities was a negative ¥249,033,533.61, reflecting a decrease of 3.22% from the previous year's negative cash flow of ¥241,253,630.11[2]. - Operating cash flow for Q1 2019 was a net outflow of ¥249,033,533.61, a slight increase in outflow of 3.22% compared to ¥241,253,630.11 in Q1 2018, mainly due to reduced sales collections[5]. - The company reported a total cash outflow from operating activities of 647,797,162.31 CNY, compared to 567,270,252.60 CNY in the previous year, indicating an increase of approximately 14.2%[15]. - The net cash flow from operating activities was -253,862,141.89 CNY, compared to -244,950,601.08 CNY in the previous year, indicating a decline in operational cash flow[16]. - The net cash flow from investing activities was -40,512,670.64 CNY, a significant decrease from -188,272,005.54 CNY year-over-year, reflecting reduced investment outflows[16]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,090,899,768.60, down 9.38% from ¥4,514,532,342.31 at the end of the previous year[2]. - The total liabilities as of March 31, 2019, were approximately CNY 4.17 billion, compared to CNY 4.39 billion at the end of 2018, reflecting a decrease of about 5.01%[10]. - The company's total equity as of March 31, 2019, was approximately CNY -78.83 million, a significant decline from CNY 120.16 million at the end of 2018[10]. - The total current liabilities were approximately CNY 3.99 billion, a decrease of about 5.33% from CNY 4.22 billion at the end of 2018[10]. - The total assets were reported at CNY 6,505,488,957.88, a decrease from CNY 6,797,583,395.89 in the previous period[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,856[4]. - The largest shareholder, China First Automobile Works Group, held 47.73% of the shares, totaling 761,427,612 shares[4]. Expenses - R&D expenses dropped by 86.40% to ¥257,390.95 from ¥1,892,561.79, primarily due to a decrease in trial production costs[5]. - Financial expenses decreased by 52.47% to ¥11,278,245.69 from ¥23,726,481.76, mainly due to reduced interest expenses from decreased loans[5]. - Management expenses decreased by 49.25% to ¥46,984,930.85 from ¥92,577,871.16, primarily due to reduced salary expenses[5]. - The company incurred interest expenses of 15,332,500.00 CNY, while interest income was 5,435,119.07 CNY, resulting in a net interest expense of 9,897,380.93 CNY[14]. - The company reported a total investment income of 5,739,497.17 CNY, down from 72,340,585.08 CNY in the previous year, reflecting a decline of approximately 92.1%[14].