Fuhuang(002743)2017-04-27 16:00Financial Performance - The company's operating revenue for Q1 2017 was ¥483,518,661.08, representing a 1.25% increase compared to ¥477,550,854.15 in the same period last year[7]. - Net profit attributable to shareholders was ¥7,063,839.25, marking a 10.00% increase from ¥6,421,445.48 year-on-year[7]. - The net profit after deducting non-recurring gains and losses decreased by 22.38% to ¥4,879,543.26 from ¥6,286,331.27 in the previous year[7]. - Basic and diluted earnings per share both decreased by 33.33% to ¥0.02 from ¥0.03 year-on-year[7]. - The company expects net profit attributable to shareholders for the first half of 2017 to range between ¥25,000,000 and ¥30,000,000, a decrease of 18.59% to 2.31% compared to the same period last year[20]. Cash Flow - The net cash flow from operating activities was negative at ¥176,338,824.10, a decline of 158.37% compared to a negative cash flow of ¥68,250,782.83 in the same period last year[7]. - The company reported a significant increase in cash flow from operating activities, totaling CNY 642,895,417.37, compared to CNY 456,673,554.35 in the previous period[44]. - The net cash flow from operating activities for the first quarter was -123,533,440.31 CNY, compared to -27,036,803.54 CNY in the previous year, indicating a significant decline[47]. - The company reported a net decrease in cash and cash equivalents of -327,960,666.85 CNY for the quarter, contrasting with an increase of 131,387,211.72 CNY in the previous year[50]. - The total cash outflow from operating activities was 682,632,153.88 CNY, compared to 493,372,020.25 CNY in the previous year, indicating higher operational costs[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,326,964,784.92, down 1.67% from ¥5,417,270,509.10 at the end of the previous year[7]. - Total liabilities decreased to CNY 2,981,125,956.03 from CNY 3,371,630,382.91, indicating a decline of about 11.53%[34]. - Current liabilities decreased to CNY 1,963,323,927.29 from CNY 2,385,232,509.17, a reduction of approximately 17.66%[33]. - Shareholders' equity increased to CNY 2,011,404,532.67 from CNY 1,910,224,702.14, representing a growth of approximately 5.30%[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,609[10]. - The largest shareholder, Anhui Fuhuang Construction Co., Ltd., held 37.52% of the shares, amounting to 128,000,000 shares, with 50,500,000 shares pledged[10]. Operational Costs - Total operating costs for Q1 2017 amounted to CNY 475,968,613.65, compared to CNY 468,794,253.06 in Q1 2016, indicating an increase of about 1.23%[36]. - Management expenses increased by 32.80% to ¥21,705,442.42 from ¥16,344,326.80, primarily due to higher equity incentives[14]. - Financial expenses increased by 59.68% to ¥20,594,105.07 from ¥12,896,946.59, resulting from increased loan amounts[14]. Investment Activities - The company disposed of fixed assets, resulting in a cash inflow increase of 2938.50% to ¥607,700.00 from ¥20,000.00[14]. - The cash flow from investment activities resulted in a net outflow of -356,455,839.96 CNY, compared to -64,280,602.40 CNY in the same period last year[49]. - The company received 79,696,500.00 CNY from investment absorption during the quarter, with no previous year comparison available[49].