XZB(SH:603040)2017-04-24 16:00Financial Performance - Net profit attributable to shareholders rose by 82.67% to CNY 15,145,271.60 year-on-year[7] - Operating income grew by 62.69% to CNY 43,461,865.76 compared to the same period last year[7] - Operating profit for the quarter was CNY 17,994,351.23, reflecting a 95.51% increase from CNY 9,203,763.92 year-over-year[17] - Net profit for Q1 2017 was CNY 15,145,271.60, an increase of 82.67% compared to CNY 8,291,156.85 in the previous year[17] - The total revenue for Q1 2017 was approximately 17.44 million, compared to 9.49 million in the same period last year, representing an increase of 83.5%[26] - The net profit for Q1 2017 reached approximately 15.15 million, up from 8.29 million in Q1 2016, indicating an increase of 82.5%[26] Assets and Liquidity - Total assets increased by 72.63% to CNY 531,331,097.95 compared to the end of the previous year[7] - Cash and cash equivalents surged by 303.30% to CNY 201,164,912.84 due to increased bank deposits from fundraising[15] - Cash and cash equivalents increased to CNY 201,164,912.84 from CNY 49,879,124.62, indicating improved liquidity[20] - The cash and cash equivalents at the end of Q1 2017 totaled approximately 201.16 million, compared to 83.71 million at the end of Q1 2016, showing a significant increase of 140.4%[28] Shareholder Information - The company had a total of 7,731 shareholders at the end of the reporting period[12] - The top ten shareholders held a combined 78.85% of the shares, with the largest shareholder owning 52.50%[12] - The company issued 15 million shares, increasing the share capital by 33.33% to CNY 60,000,000.00[16] Cash Flow and Investments - Net cash flow from operating activities increased by 60.20% to CNY 17,045,629.55[7] - Operating cash flow for Q1 2017 was approximately 17.05 million, compared to 10.64 million in the previous year, reflecting a growth of 60.5%[28] - Cash received from sales of goods and services was approximately 53.68 million, an increase from 32.60 million in the prior year, marking a growth of 64.5%[27] - The company reported a net cash inflow from financing activities of approximately 211.79 million, indicating strong capital raising efforts[28] - The company reported a cash outflow from investment activities of approximately 115.60 million, compared to 12.14 million in the previous year, indicating a significant increase in investment activities[28] - The company received approximately 37 million in cash from investment recoveries during the quarter, indicating active management of its investment portfolio[28] Expenses and Liabilities - The company incurred operating expenses of approximately 37.19 million, up from 22.72 million in the previous year, which is an increase of 63.5%[28] - Accounts payable rose by 50.71% to CNY 15,331,869.03, primarily due to increased raw material orders for expanded production[16] - The company reported a significant decrease in employee compensation payable by 63.97% to CNY 2,236,850.16, due to the payment of previously accrued bonuses[16] Earnings and Returns - Basic earnings per share increased by 78.57% to CNY 0.25[7] - Basic and diluted earnings per share for Q1 2017 were both 0.25, compared to 0.14 in the same period last year, reflecting an increase of 78.6%[26] - The weighted average return on equity improved by 1.78 percentage points to 5.27%[7] Future Outlook - The company anticipates continued growth in revenue and profitability based on increased sales of precision cold-forged components[17]