Sytech(SH:600183)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 85.53% to CNY 283,972,353.85 compared to the same period last year[7] - Operating revenue rose by 25.60% to CNY 2,379,391,487.58 compared to the same period last year[7] - Basic earnings per share increased by 81.82% to CNY 0.20 per share compared to the same period last year[7] - Total revenue for Q1 2017 reached ¥2,379,391,487.58, an increase of 25.6% compared to ¥1,894,349,958.63 in the same period last year[26] - Net profit for Q1 2017 was ¥290,600,633.66, representing a 88.3% increase from ¥154,399,263.12 in Q1 2016[27] - Operating profit for Q1 2017 was ¥331,033,228.23, a 86.3% increase compared to ¥177,543,970.84 in Q1 2016[27] - The company's total profit for Q1 2017 was CNY 248,903,887.62, down 20.0% from CNY 311,276,371.31 in Q1 2016[30] Cash Flow - The net cash flow from operating activities decreased by 59.24% to CNY 90,941,865.54 compared to the same period last year[7] - Operating cash flow for Q1 2017 was ¥90,941,865.54, a decrease of 59.24% compared to ¥223,136,379.41 in the same period last year[14] - Cash flow from operating activities for Q1 2017 was CNY 90,941,865.54, a decrease of 59.3% compared to CNY 223,136,379.41 in Q1 2016[34] - Net cash flow from operating activities was $128,795,126.84, down 51.2% compared to $264,113,752.47 in the prior period[37] - Total cash outflow for operating activities was $1,203,319,243.56, an increase of 6.0% compared to $1,134,943,421.56 in the previous period[37] Assets and Liabilities - Total assets increased by 4.97% to CNY 10,007,347,883.73 compared to the end of the previous year[7] - Total assets as of March 31, 2017, amounted to ¥10,007,347,883.73, up from ¥9,533,874,733.79 at the beginning of the year[20] - Total liabilities increased to ¥2,333,189,577.64 in Q1 2017, up from ¥2,112,322,840.74 at the start of the year, marking a rise of 10.4%[25] - The company's total equity reached ¥4,819,247,561.72, an increase of 4.7% from ¥4,604,711,929.71 at the start of the year[25] Investments and Financing - The company plans to issue convertible bonds to raise up to ¥180,000,000, approved at the annual shareholders' meeting on April 21, 2017[16] - Financing cash flow for Q1 2017 increased significantly to ¥189,955,441.70, up 909.28% from ¥18,820,865.46 in the previous year[14] - The company’s cash flow from financing activities generated a net inflow of CNY 189,955,441.70 in Q1 2017, compared to CNY 18,820,865.46 in the same period last year[35] - Cash inflow from financing activities reached $445,000,000.00, up 37.6% from $323,400,000.00 in the last period[38] Shareholder Information - The number of shareholders reached 54,772 at the end of the reporting period[10] - The company received government subsidies amounting to CNY 11,334,142.02 during the reporting period[9] Other Financial Metrics - The weighted average return on equity increased by 2.25 percentage points to 5.47%[7] - Sales expenses rose by 32.39% to ¥60,677,878.98, primarily due to increased quality compensation and sales commissions[14] - The company incurred financial expenses of CNY 6,566,588.77 in Q1 2017, down 44.8% from CNY 11,888,734.97 in the same period last year[30] - Investment income for Q1 2017 was CNY 20,971,901.87, significantly lower than CNY 151,210,300.67 in Q1 2016, reflecting a decrease of 86.1%[30]