TAIJI GROUP(SH:600129)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 2,381.87% to CNY 14,521,997.47 from CNY 585,123.45 in the same period last year[6] - Operating revenue rose by 20.43% to CNY 2,249,899,093.13 compared to CNY 1,868,253,622.58 in the previous year[6] - Basic earnings per share increased by 287.04% to CNY 0.0209 from CNY 0.0054 in the previous year[6] - Net profit for Q1 2018 reached CNY 6,915,255.64, compared to CNY 1,741,646.16 in Q1 2017, marking a significant increase of 296.5%[30] - Total operating revenue for Q1 2018 was CNY 2,249,899,093.13, an increase of 20.4% compared to CNY 1,868,253,622.58 in the same period last year[29] Asset and Liability Changes - Total assets increased by 13.07% to CNY 12,056,514,882.62 compared to the end of the previous year[6] - Current liabilities decreased to ¥6,964,477,012.62 from ¥8,092,185,105.81, a reduction of about 13.9%[22] - Non-current liabilities increased to ¥1,936,180,124.63 from ¥1,352,897,160.76, reflecting a rise of approximately 43.1%[22] - Total liabilities amounted to ¥8,900,657,137.25, down from ¥9,445,082,266.57, a decrease of approximately 5.8%[22] - The total liabilities as of the end of Q1 2018 were CNY 2,012,984,410.15, a decrease from CNY 2,077,545,108.41 at the end of the previous period[27] Cash Flow and Investments - Cash flow from operating activities improved significantly, reaching CNY 11,837,713.35, a 2,971.18% increase from a loss of CNY 91,634,772.92 in the same period last year[6] - Cash inflow from operating activities totaled CNY 2,631,003,431.77, an increase of 15.3% from CNY 2,281,682,765.92 in the previous period[36] - Cash outflow for investing activities was CNY 640,108,256.37, significantly higher than CNY 69,193,415.41 in the previous period[37] - Net cash flow from financing activities was CNY 1,201,699,597.98, compared to a negative CNY 28,223,690.05 in the previous period[37] - The company reported a net cash increase of CNY 573,640,009.12, recovering from a decrease of CNY 138,974,441.05 in the previous period[37] Shareholder Information - The total number of shareholders reached 33,672 by the end of the reporting period[10] - The largest shareholder, Taiji Group Co., Ltd., holds 33.20% of the shares, amounting to 184,886,858 shares[10] Expenses and Impairments - Sales expenses for Q1 2018 increased by RMB 20,273.92 million, a 69.90% rise, mainly due to higher sales costs at subsidiaries[14] - The company reported a significant increase in asset impairment losses of RMB 1,414.44 million, a 497.26% increase, due to increased bad debt provisions[14] - The company’s income tax expenses rose by RMB 794.07 million, a 179.74% increase, due to higher tax liabilities from subsidiaries[15] - The financial expenses for Q1 2018 were CNY 74,620,934.87, up from CNY 50,560,541.60 in the previous year, reflecting a rise of 47.5%[30] Capital and Reserves - The company reported a capital reserve of ¥2,047,989,595.64, significantly higher than ¥215,513,945.96 from the previous period[23] - The company's capital reserve increased by RMB 183,247.57 million, an increase of 850.28%, attributed to the completion of a private placement of shares[14] - Shareholders' equity increased to ¥3,155,857,745.37 from ¥1,217,353,243.21, representing a growth of about 159.7%[23] Other Financial Metrics - The weighted average return on equity rose by 105.56 percentage points to 0.37%[6] - The company reported a total comprehensive income of CNY -24,093,991.51 for Q1 2018, compared to CNY 3,082,046.97 in the same period last year[31] - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company has not reported any significant changes in net profit forecasts for the year[18]