ICW(SH:600187)2017-04-27 16:00Financial Performance - Operating revenue for the period was CNY 90,689,665.26, representing a 9.94% increase year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 4,947,392.06, an improvement from a loss of CNY 10,549,922.77 in the same period last year[7] - Basic and diluted earnings per share were both -0.0032 CNY, showing an improvement from -0.0070 CNY in the previous year[7] - The net loss for Q1 2017 was CNY 6,737,995.66, an improvement from a net loss of CNY 10,960,371.68 in Q1 2016, representing a reduction of 38.5%[38] - The company reported a total comprehensive loss of CNY 5,937,813.21 for Q1 2017, compared to a loss of CNY 9,914,167.23 in the previous year, reflecting a decrease of 40.5%[39] - Operating profit for Q1 2017 was CNY -11,401,554.44, an improvement from CNY -18,075,276.11 in Q1 2016, showing a reduction of 37.2%[38] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 1,857,332.02 compared to a positive inflow of CNY 47,512,648.44 in the previous year, marking a decrease of 103.91%[7] - The company reported a net cash outflow from operating activities of ¥-1,857,332.02, a decrease of 103.91% compared to the same period last year[21] - Cash received from sales of goods and services was CNY 86,168,927.45, down from CNY 106,206,727.14, indicating a decline of 18.9%[45] - Cash inflow from investment activities was 11,769,597.37 RMB, while cash outflow totaled 39,009,800.77 RMB, resulting in a net cash flow of -27,240,203.40 RMB[46] - The company paid 191,447,992.16 RMB in financing activities, which included debt repayments and dividend distributions[47] Assets and Liabilities - Total assets increased by 18.11% to CNY 4,910,847,593.16 compared to the end of the previous year[7] - Total current assets increased to ¥1,749,027,793.44 from ¥980,524,736.32, representing an increase of approximately 78.5%[29] - Total non-current assets decreased slightly to ¥3,161,819,799.72 from ¥3,177,491,382.02, a decline of about 0.5%[30] - Total liabilities decreased to ¥1,271,138,581.86 from ¥1,435,408,142.91, reflecting a decline of approximately 11.4%[31] - Total current liabilities decreased to ¥690,568,403.90 from ¥848,144,410.99, a reduction of about 18.6%[30] - The total liabilities decreased from CNY 1,088,641,785.33 in the previous year to CNY 929,703,953.53, a reduction of 14.6%[38] Shareholder Information - The company had a total of 170,516 shareholders at the end of the reporting period[11] - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., held 227,312,500 shares, accounting for 13.74% of total shares[11] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 41,361.72, which are closely related to its normal business operations[9] - Non-operating income for the period totaled CNY 101,240.30, influenced by various factors including government subsidies and other income[9] Capital and Financing Activities - The net cash inflow from financing activities was ¥751,967,533.58, a significant increase of 545.11% year-on-year, primarily due to non-public stock issuance[21] - The company’s capital reserve increased by ¥724,554,272.77, reflecting a growth of 54.17% due to non-public stock issuance[15] - The company completed the registration of 198,310,900 new shares following a non-public stock issuance on March 2, 2017[24]