QJSL(SH:600283)2017-04-27 16:00Financial Performance - Operating revenue increased by 9.03% to CNY 210,982,192.07 year-on-year[5] - Net profit attributable to shareholders rose by 57.31% to CNY 5,396,488.89 compared to the same period last year[5] - The company reported a net cash outflow from financing activities of ¥257,343,429.59, primarily due to loan repayments[15] - Total operating revenue for Q1 2017 was CNY 210,982,192.07, an increase of 9.6% compared to CNY 193,508,294.53 in the same period last year[29] - Net profit for Q1 2017 reached CNY 192,473,961.98, a turnaround from a net loss of CNY 7,045,241.48 in the previous year[29] - The company reported an operating profit of CNY 189,774,303.79, compared to an operating loss of CNY 838,334.45 in Q1 2016[29] Cash Flow - The net cash flow from operating activities decreased by 19.73% to CNY 51,157,944.49[5] - The net cash flow from investing activities significantly increased to ¥541,334,182.16 from a negative ¥26,870,886.19, representing a change of 2114.58% due to judicial auction proceeds[14] - The company generated 312,216,201.61 RMB in cash inflows from operating activities, slightly down from 314,464,334.09 RMB in the previous year, a decrease of about 0.7%[34] - Investment activities resulted in a net cash inflow of 541,334,182.16 RMB, a significant improvement compared to a net outflow of -26,870,886.19 RMB in the same period last year[35] - The net cash flow from operating activities was $21,743,047.40, a significant improvement compared to a net outflow of $3,271,603.52 in the previous year[38] Assets and Liabilities - Total assets decreased by 1.62% to CNY 5,367,272,254.08 compared to the end of the previous year[5] - Total liabilities decreased to ¥3,269,813,979.64 from ¥3,615,751,513.77, a reduction of 9.56%[21] - The company's equity increased to ¥2,097,458,274.44 from ¥1,839,857,242.75, showing a growth of 14.03%[21] - Total liabilities decreased to CNY 1,719,392,248.27 from CNY 2,004,642,995.90, indicating improved financial stability[25] Shareholder Information - The total number of shareholders reached 38,995, with the largest shareholder holding 23.55% of shares[10] Investment Income - The company recognized an investment income of CNY 489,103,798.27 from the judicial disposal of equity and debt[13] - The company recorded investment income of CNY 489,103,798.27, a significant increase from CNY 8,260,928.26 in Q1 2016[29] Cash and Cash Equivalents - The company reported a significant increase in cash and cash equivalents, up 61.05% to CNY 883,974,021.86 due to judicial auction proceeds[12] - Total cash and cash equivalents at the end of Q1 2017 reached 883,974,021.86 RMB, an increase of 55.5% from 568,079,506.00 RMB at the end of Q1 2016[35] - The ending cash and cash equivalents balance increased to $581,968,038.21, up from $167,416,408.83 in the previous year[38] Employee Compensation - The company paid 55,100,910.90 RMB in employee compensation, which is an increase of about 15% compared to 47,847,310.70 RMB in the same period last year[34] - Cash paid to employees was $5,810,772.15, compared to $4,517,795.68 in the prior year[38] Asset Impairment - The company experienced a 31679.91% increase in asset impairment losses, amounting to CNY 304,368,149.73, due to the completion of judicial disposals[13] - Total operating costs for Q1 2017 were CNY 510,311,686.55, significantly higher than CNY 202,607,557.24 in Q1 2016, reflecting a substantial increase in asset impairment losses[29]