Hengtong(SH:600226)2017-04-27 16:00Financial Performance - Operating revenue rose by 32.48% to CNY 319,664,347.68 year-on-year[6] - Net profit attributable to shareholders increased by 44.75% to CNY 100,240,503.40 compared to the same period last year[6] - Basic and diluted earnings per share both increased by 50.00% to CNY 0.06[6] - Total revenue for Q1 2017 reached ¥319,664,347.68, an increase of 32.5% compared to ¥241,287,105.35 in the same period last year[26] - Net profit for Q1 2017 was ¥97,894,176.29, representing a 33.7% increase from ¥73,342,860.57 in Q1 2016[27] - The total profit for Q1 2017 was CNY 79.53 million, representing a 5.7% increase from CNY 75.22 million in the previous year[30] Asset and Equity Growth - Total assets increased by 77.59% to CNY 5,987,060,876.17 compared to the end of the previous year[6] - The company's total equity attributable to shareholders increased by 139.95% to CNY 4,080,431,620.29 compared to the end of the previous year[6] - The company's total assets increased to ¥5,707,388,136.88, up from ¥3,223,024,070.84 at the beginning of the year, marking a growth of 77.1%[25] - The company's equity attributable to shareholders rose to CNY 4.08 billion, up from CNY 1.70 billion, showing a growth of about 140%[21] Cash Flow and Liquidity - The net cash flow from operating activities improved, with a reduction in losses from CNY -59,386,863.97 to CNY -37,453,904.99[6] - Cash and cash equivalents increased by 57.83% to ¥1,901,537,658.49 due to funds received from fundraising activities[12] - Cash inflow from operating activities totaled CNY 308.57 million, compared to CNY 221.46 million in the same period last year, marking a 39.3% increase[33] - The ending cash and cash equivalents balance was CNY 1.75 billion, up from CNY 219.16 million at the end of Q1 2016[34] Liabilities and Debt - The company's total liabilities increased to CNY 1.90 billion from CNY 1.66 billion, marking an increase of approximately 14%[21] - Short-term borrowings increased by 33.00% to ¥437,226,758.28, reflecting an increase in bank loans[13] - The company’s total liabilities increased, with long-term borrowings rising by 668.54% to ¥30,741,601.90, primarily for energy-saving technology projects[13] Investment and Acquisitions - The company completed the acquisition of Chengdu Yanlong Technology Co., Ltd. for a total asset price of CNY 160 million, with a fundraising of up to CNY 150 million for the transaction and related projects[15] - The company reported an investment income of ¥118,441,063.28, which is a 30.1% increase from ¥91,100,054.77 in the previous year[27] Market Strategy and Future Plans - The company plans to continue expanding its market presence and developing new products and technologies[4] - The company plans to continue advancing its major asset restructuring efforts following conditional approval from the China Securities Regulatory Commission[15] Shareholder Information - The number of shareholders reached 37,992 by the end of the reporting period[10] - The company completed the registration of capital changes, increasing total share capital to 1,724,527,554 shares[7] Inventory and Goodwill - The company reported a significant increase in inventory, which decreased from CNY 147.97 million to CNY 134.55 million, indicating a reduction of approximately 9%[19] - The company’s goodwill increased to CNY 1.19 billion from CNY 2 million, reflecting a substantial rise in intangible assets[20]