RNM(SH:600259)2017-04-28 16:00Financial Performance - Operating revenue surged by 209.35% to CNY 1,585,270,567.45 compared to the same period last year[8] - Net profit attributable to shareholders reached CNY 1,718,987.86, a significant recovery from a loss of CNY 65,544,711.95 in the previous year[8] - The basic earnings per share improved to CNY 0.01 from a loss of CNY 0.25 in the previous year[8] - Operating profit for Q1 2017 was ¥4,763,193.17, a turnaround from a loss of ¥89,707,468.92 in Q1 2016[24] - Net profit attributable to the parent company for Q1 2017 was ¥1,718,987.86, compared to a net loss of ¥65,544,711.95 in Q1 2016[25] Assets and Liabilities - Total assets increased by 11.70% to CNY 4,949,950,106.69 compared to the end of the previous year[8] - The total liabilities increased to CNY 2,834,954,505.85 from CNY 2,320,573,764.23, indicating a rise of 22.14%[20] - The company reported a total asset increase to ¥2,843,879,966.91 as of March 31, 2017, up from ¥2,746,054,919.36 at the beginning of the year[22] - Current liabilities rose to ¥817,165,019.45, compared to ¥662,556,159.65 at the start of the year, indicating a 23.4% increase[22] Cash Flow - The net cash flow from operating activities was negative at CNY -173,437,048.63, worsening from CNY -61,495,924.84 year-on-year[8] - Cash flow from operating activities showed a net outflow of ¥173,437,048.63 in Q1 2017, worsening from a net outflow of ¥61,495,924.84 in Q1 2016[28] - Cash inflow from operating activities totaled 21,337,222.56 RMB, significantly higher than 1,046,660.31 RMB in the previous period[30] - The net increase in cash and cash equivalents was -97,556,074.09 RMB, contrasting with an increase of 13,747,322.17 RMB in the previous period[31] Shareholder Information - The number of shareholders totaled 35,810, with the largest shareholder holding 42.87% of the shares[12] Government Support - The company received government subsidies amounting to CNY 5,433,149.40, which are closely related to its normal business operations[7] Inventory and Receivables - The company reported a significant increase in accounts receivable by 1,546.36% to CNY 812,444,199.61, indicating sales growth not yet collected[14] - Inventory decreased by 14.86% to CNY 1,875,861,359.28 from CNY 2,203,205,206.22, primarily due to increased sales[15] - The company’s inventory decreased to ¥239,192,534.22 from ¥352,154,654.60, reflecting a reduction of approximately 32.1%[22] Financial Ratios and Expenses - The weighted average return on net assets improved to 0.09% from -13.16% in the previous year[8] - The company's gross profit margin improved significantly, leading to an operating profit of CNY 4,763,193.17 compared to a loss of CNY 89,707,468.92 in the previous year[15] - Financial expenses decreased by 32.59% to CNY 19,995,798.20, attributed to reduced financing borrowings and lower interest rates[15] - The company’s financial expenses decreased to ¥19,995,798.20 from ¥29,662,426.36, a reduction of approximately 32.7%[24] Non-Recurring Items - Non-recurring gains and losses totaled CNY 2,819,852.21 for the period[10] - The company reported a significant reduction in asset impairment losses, which fell by 80.19% to CNY 3,679,157.90 from CNY 18,568,248.20[15]