DETC(SH:600081)2017-04-14 16:00Financial Performance - Revenue for the reporting period was CNY 1,322,217,455.39, representing a 2.91% increase year-on-year [8]. - Net profit attributable to shareholders was CNY 38,059,623.53, an increase of 22.51% compared to the previous year [8]. - Basic and diluted earnings per share were both CNY 0.1214, reflecting a 22.50% increase year-on-year [8]. - Total operating revenue for Q1 2017 was ¥1,322,217,455.39, an increase of 2.9% compared to ¥1,284,870,008.49 in Q1 2016 [23]. - Net profit for Q1 2017 reached ¥70,467,157.99, a 6.9% increase from ¥66,016,649.99 in Q1 2016 [23]. - Profit attributable to the parent company's shareholders was ¥38,059,623.53, compared to ¥31,065,385.88 in the previous year, marking a 22.5% increase [23]. - Total comprehensive income for Q1 2017 was ¥70,505,691.73, compared to ¥66,068,147.82 in Q1 2016, indicating a growth of 6.9% [24]. Cash Flow - The net cash flow from operating activities decreased by 103.59% compared to the same period last year, primarily due to an increase in receivables [8]. - The net cash flow from operating activities was -2,799,352.52, a significant decrease compared to 78,071,801.62 in the previous period, indicating a decline in operational performance [29]. - Total cash inflow from operating activities was 1,185,161,063.66, while cash outflow was 1,187,960,416.18, resulting in a net cash flow of -2,799,352.52 [29]. - Cash flow from investing activities showed a net outflow of -51,560,585.17, compared to -66,267,055.64 in the previous period, reflecting reduced investment expenditures [29]. - Cash inflow from financing activities totaled 226,705,041.40, down from 321,900,000.00, while cash outflow was 202,635,244.04, leading to a net cash flow of 24,069,797.36 [30]. - The ending balance of cash and cash equivalents decreased to 403,457,419.20 from 703,800,120.51, indicating a liquidity contraction [30]. - The company reported a significant increase in cash paid to employees, totaling 183,609,582.84, compared to 165,597,339.09 in the previous period, reflecting higher labor costs [29]. - The company experienced a decrease in cash received from sales of goods and services, which was 705,112.00 compared to 950,000.00 in the previous period [30]. - The cash flow from financing activities showed a net inflow of 4,458,666.67, contrasting with a net outflow of -2,147,383.34 in the previous period, suggesting improved financing conditions [32]. - The company’s cash and cash equivalents decreased by 30,277,107.13 during the period, compared to an increase of 629,539.73 in the previous period, indicating a challenging cash management environment [30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,671,850,319.22, a decrease of 1.33% from the previous year-end [8]. - Total current assets decreased from ¥2,861,329,537.30 at the beginning of the year to ¥2,796,621,946.96, a decline of approximately 2.25% [16]. - Total liabilities decreased from ¥3,073,906,262.91 to ¥2,972,796,115.44, a reduction of approximately 3.3% [18]. - Total assets decreased from ¥4,734,940,694.97 to ¥4,671,850,319.22, a decline of about 1.33% [18]. - Cash and cash equivalents decreased from ¥569,799,319.53 to ¥501,777,811.57, a decrease of approximately 11.95% [16]. - Inventory decreased from ¥328,603,446.20 to ¥318,776,758.44, a decline of about 3.4% [17]. - Short-term borrowings decreased from ¥247,000,000.00 to ¥242,000,000.00, a reduction of about 2.02% [18]. - Total equity increased from ¥1,661,034,432.06 to ¥1,699,054,203.78, an increase of approximately 2.29% [18]. - Non-current assets increased slightly from ¥1,873,611,157.67 to ¥1,875,228,372.26, an increase of about 0.09% [17]. - The company's retained earnings increased from ¥686,337,397.51 to ¥724,397,021.04, an increase of approximately 5.56% [18]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 6,710,041.51 related to automotive digital instruments and energy-saving projects [7]. - Investment income increased by 53.07% to CNY 17,729,492.79, mainly due to higher profits from equity method investments [13]. - Other operating income rose by 225.02% to CNY 7,386,070.36, primarily from government industry development funds received [13]. - Investment income for the parent company was ¥51,532,581.54, significantly higher than ¥11,497,960.27 in the same period last year [25].