NSWRC(SH:600165)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 1,583,834.01, compared to a net loss of CNY 20,106,206.17 in the same period last year[6]. - Operating revenue decreased by 62.97% to CNY 236,721,837.66 from CNY 639,301,901.39 year-on-year[6]. - The weighted average return on net assets was 0.199%, up from -0.021% in the same period last year[6]. - Operating revenue decreased to ¥236,721,837.66, down 62.97% from ¥639,301,901.39 in the same period last year[12]. - Investment income decreased by 46.75% to ¥6,088,696.73, due to reduced earnings from associated companies[12]. - The company reported an operating profit of ¥1,695,003.84, a significant improvement from an operating loss of ¥18,669,099.18 in the previous year[29]. - The net profit for Q1 2017 was ¥3,939,295.95, compared to a net loss of ¥19,158,310.66 in the previous year[29]. - The total comprehensive income attributable to the parent company was ¥1,583,834.01, compared to -¥20,106,206.17 in the previous year[32]. Cash Flow - The net cash flow from operating activities was CNY 7,257,742.97, a significant recovery from a negative cash flow of CNY -32,690,687.06 in the previous year[6]. - Net cash flow from operating activities improved to ¥7,257,742.97, a 122.20% increase from a negative ¥32,690,687.06[15]. - Operating cash flow net amount for Q1 2017 was ¥45,132,772.50, a significant improvement from a negative cash flow of ¥29,214,579.96 in the same period last year[42]. - Total cash inflow from operating activities reached ¥231,039,884.27, compared to ¥102,876,961.02 in Q1 2016, marking an increase of approximately 125%[42]. - Cash outflow from operating activities was ¥185,907,111.77, up from ¥132,091,540.98 year-over-year, indicating a rise of about 41%[42]. - The company reported a cash outflow of ¥13,307,574.50 related to other operating activities, down from ¥38,609,318.34 year-over-year, indicating a decrease of about 65%[42]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,353,908,809.72, a 0.24% increase from the previous year-end[6]. - The company’s total assets amounted to ¥3,353,908,809.72, slightly up from ¥3,345,941,916.75[21]. - Total liabilities increased to ¥2,144,178,876.54 from ¥2,142,772,598.62 at the start of the year[26]. - The company's equity attributable to shareholders was ¥779,881,253.32, down from ¥783,179,314.00 at the beginning of the year[26]. - Cash and cash equivalents decreased to ¥157,433,477.23 from ¥219,286,959.69 at the beginning of the year, a decline of 28.23%[25]. - Inventory increased to ¥243,586,586.96, up 24.87% from ¥194,953,854.38 at the beginning of the year[25]. - Short-term borrowings rose to ¥627,000,000.00 from ¥623,000,000.00, indicating a slight increase[26]. Shareholder Information - The number of shareholders at the end of the reporting period was 27,828[8]. - The top shareholder, Shanghai Zhongneng Enterprise Development (Group) Co., Ltd., held 200,000,000 shares, accounting for 29.20% of total shares[9]. Operational Changes - The company reported an increase in accounts receivable due to received payments for goods sold[11]. - Prepaid accounts increased due to higher advance payments made by a subsidiary for goods[11]. - The company is investing in technology upgrades at its subsidiary, Ningxia Huahui Activated Carbon Co., Ltd., leading to an increase in construction in progress[11]. - Sales expenses increased by 44.04% to ¥30,213,440.72, attributed to higher sales costs from subsidiaries[13]. - The company incurred sales expenses of ¥10,263,566.26, up from ¥5,978,580.48 in the previous year, reflecting increased marketing efforts[35]. Investment Activities - The company’s subsidiary, Ningxia Huahui Activated Carbon Co., Ltd., received approval for listing on the National Equities Exchange and Quotations[17]. - The company did not report any cash inflow from investment activities, with a net cash flow from investment activities of -¥2,915,552.15, consistent with the previous year[42].