CJS(SH:600176)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 30.77% to CNY 470,315,792.86 year-on-year[7] - Operating revenue for the period was CNY 1,859,506,018.28, representing a 5.52% increase compared to the same period last year[7] - Basic earnings per share rose by 30.77% to CNY 0.1934[7] - The company reported a significant increase in inventory, which rose to CNY 217,178,570.91 from CNY 212,935,100.10, a growth of approximately 2.3%[24] - The net profit for Q1 2017 reached CNY 473,887,612.41, representing a growth of 30.96% from CNY 361,816,531.25 in Q1 2016[29] - The operating profit for the quarter was CNY 539,675,813.06, up from CNY 428,086,192.50, indicating a year-over-year increase of 26.09%[29] - The company achieved a total profit of CNY 560,396,107.80, which is an increase of 32.14% compared to CNY 424,207,034.30 in Q1 2016[29] Cash Flow - The net cash flow from operating activities decreased by 33.79% to CNY 425,241,800.98 compared to the previous year[7] - Cash received from operating activities increased by 80.68% to ¥127,381,892.56 compared to ¥70,500,879.66 in the previous year[15] - Operating cash flow for Q1 2017 was negative at -373,613,569.67 RMB, compared to -223,705,949.70 RMB in the same period last year, indicating a decline in operational efficiency[34] - Cash inflow from operating activities totaled 2,115,759,606.63 RMB, down 37.6% from 3,392,710,919.48 RMB year-over-year[34] - Cash outflow from operating activities was 2,489,373,176.30 RMB, a decrease of 31.1% compared to 3,616,416,869.18 RMB in the previous year[34] Assets and Liabilities - Total assets increased by 1.42% to CNY 24,271,049,581.56 compared to the end of the previous year[7] - Total current assets decreased to ¥8,030,058,242.33 from ¥8,212,472,109.44 at the beginning of the year[20] - Total liabilities decreased to ¥9,240,989,242.57 from ¥9,462,148,755.37 at the beginning of the year[21] - Total liabilities amounted to CNY 4,558,886,128.62, an increase from CNY 3,746,703,925.02, indicating a rise of about 21.6%[26] - Shareholders' equity totaled CNY 11,170,360,850.03, slightly up from CNY 11,110,163,529.90, showing a marginal increase of about 0.5%[26] Expenses and Income - Tax and additional fees increased by 70.98% to ¥18,907,758.97 compared to ¥11,058,484.02 in the same period last year[14] - Fair value changes in income decreased by 84.10% to ¥2,869,551.99 from ¥18,042,893.73 year-on-year[14] - Investment income increased significantly, with a change of ¥6,260,670.64 due to equity method accounting for investments[14] - Non-operating income surged by 482.46% to ¥25,179,576.97, primarily from acquiring 5.52% equity in Zhongfu Lianzhong for ¥157,175,209.00[14] - Non-operating expenses decreased by 45.63% to ¥4,459,282.23, attributed to reduced losses from the disposal of non-current assets[14] - Income tax expenses rose by 38.66% to ¥86,508,495.39, driven by increased profits during the reporting period[14] Current Financial Position - Cash and cash equivalents increased significantly to CNY 1,104,259,040.65 from CNY 581,572,003.76, representing an increase of approximately 89.8%[24] - Accounts receivable rose to CNY 1,403,084,780.40 from CNY 698,378,931.17, marking an increase of about 100.5%[24] - Total operating costs decreased to CNY 1,327,740,750.06 from CNY 1,350,943,191.00, reflecting a reduction of approximately 1.7%[28] - Operating costs specifically dropped from CNY 1,027,415,012.99 to CNY 983,819,798.61, indicating a decrease of about 4.3%[28] - The company reported a cash inflow of 1,452,928,530.49 RMB from sales, which is a significant increase from 802,907,469.36 RMB year-over-year[34]