XSS(SH:600117)2017-04-28 16:00Financial Performance - Operating revenue decreased by 33.63% to CNY 1,161,868,772.00 year-on-year[6] - Net profit attributable to shareholders increased by 104.25% to CNY 10,828,168.26 compared to a loss in the same period last year[6] - Basic earnings per share rose to CNY 0.01 from a loss of CNY 0.34 in the previous year, marking a 102.94% increase[6] - The company's total operating revenue for the current period is ¥1,161,868,772, a decrease of 33.6% from ¥1,750,601,193 in the previous period[27] - Operating profit for the current period is ¥7,754,418.53, compared to an operating loss of ¥282,272,737.15 in the previous period[27] - Net profit for the current period is ¥8,466,800.07, a significant recovery from a net loss of ¥276,419,357.27 in the previous period[27] - The net profit attributable to shareholders of the parent company is ¥10,828,168.26, compared to a loss of ¥254,643,418.09 in the previous period[27] - Total comprehensive income for the current period is ¥8,466,800.07, compared to a comprehensive loss of ¥276,419,357.27 in the previous period[28] Cash Flow - Net cash flow from operating activities improved by 89.21% to -CNY 45,681,240.15, significantly reducing the cash outflow[6] - Cash flow from operating activities shows a net outflow of ¥45,681,240.15, an improvement from a net outflow of ¥423,312,015.80 in the previous period[32] - Operating cash inflow for Q1 2017 was CNY 539,353,554.15, up from CNY 345,534,248.79 in the previous year, representing a 56% increase[36] - Cash outflow from operating activities totaled CNY 653,238,801.12, compared to CNY 792,122,588.70 in the same period last year, indicating a 17.6% decrease[36] - Cash inflow from financing activities reached CNY 6,090,739,646.10, a significant increase from CNY 4,135,115,051.37 in the previous year, marking a 47.4% rise[37] - Cash outflow from financing activities was CNY 6,164,854,517.93, compared to CNY 3,967,333,176.30 last year, reflecting a 55.4% increase[37] - Net cash flow from financing activities was -CNY 74,114,871.83, down from CNY 167,781,875.07 in the previous year[37] - The company reported a net cash flow from investment activities of -CNY 11,000,527.89, slightly better than -CNY 11,271,621.89 last year[36] Assets and Liabilities - Total assets increased by 3.78% to CNY 28,093,524,010.36 compared to the end of the previous year[6] - The company's long-term borrowings increased by CNY 2,206,000,000.00 or 81.73%, reaching CNY 4,905,000,000.00, primarily due to the conversion of short-term loans into long-term loans[13] - Total liabilities increased to ¥24,492,999,557.28 from ¥23,476,638,823.29, representing an increase of approximately 4.3%[20] - Current liabilities decreased to ¥17,724,107,209.36 from ¥18,905,205,737.79, a reduction of about 6.2%[20] - Owner's equity increased to ¥3,600,524,453.08 from ¥3,592,870,893.45, a growth of about 0.2%[20] Shareholder Information - The total number of shareholders reached 58,863 by the end of the reporting period[10] - The top shareholder, a state-owned enterprise, holds 35.37% of the shares, amounting to 369,669,184 shares[10] Operational Efficiency - The company reported a significant reduction in losses from non-recurring items, indicating improved operational efficiency[6] - The weighted average return on net assets improved to 0.38% from -26.96% year-on-year[6] Inventory and Receivables - The company's inventory as of March 31, 2017, was CNY 2,367,086,854.82, an increase from CNY 2,193,562,903.13 at the beginning of the year[18] - The company's accounts receivable increased to CNY 893,275,075.11 from CNY 794,278,986.55, reflecting higher sales on credit[18] - Inventory increased to ¥958,539,302.10 from ¥876,192,254.35, showing a growth of about 9.4%[23] - Accounts receivable increased to ¥459,745,889.78 from ¥341,007,515.72, a rise of approximately 35%[23] Sales and Expenses - The company's sales expenses rose by CNY 16,461,901.24 or 49.93%, primarily due to increased freight costs[13] - Sales revenue from goods and services received cash of ¥698,799,617.60, an increase from ¥347,845,531.31 in the previous period[32]