YXMC(SH:600213)2017-04-27 16:00Financial Performance - Operating revenue increased by 92.89% to CNY 291,299,299.85 year-on-year[6] - Net profit attributable to shareholders was CNY 5,387,367.54, a significant recovery from a loss of CNY 13,133,152.81 in the same period last year[6] - Net cash flow from operating activities reached CNY 253,723,073.16, a turnaround from a negative cash flow of CNY -116,388,869.32 in the previous year[6] - The weighted average return on equity improved to 4.06% from -22.01% year-on-year[6] - Basic and diluted earnings per share were both CNY 0.02, recovering from a loss of CNY -0.06 in the same period last year[6] - The net profit for Q1 2017 was CNY 8,710,331.78, compared to a net loss of CNY 14,990,013.06 in Q1 2016, marking a turnaround[24] - The total profit for Q1 2017 was CNY 2,181,904.08, compared to a loss of CNY 11,159,065.57 in the same period last year[28] - The net profit for Q1 2017 was CNY 1,854,618.47, recovering from a loss of CNY 11,159,065.57 in Q1 2016[28] Assets and Liabilities - Total assets decreased by 7.03% to CNY 4,319,407,624.69 compared to the end of the previous year[6] - The total number of shareholders reached 16,402 by the end of the reporting period[10] - The total assets decreased to RMB 4,319,407,624.69 from RMB 4,646,087,405.44, reflecting a decline of 7.05%[16] - The total liabilities decreased to RMB 4,105,451,014.43 from RMB 4,441,867,140.08, a reduction of 7.59%[17] - Total assets as of March 31, 2017, were CNY 4,123,532,494.63, down from CNY 4,449,591,085.06 at the beginning of the year[21] - Total liabilities decreased to CNY 3,984,332,881.67 from CNY 4,313,185,259.43 at the start of the year, reflecting a reduction in short-term borrowings[21] - Current assets totaled CNY 3,780,175,869.31, a decrease of 7.9% from CNY 4,103,736,483.76 at the beginning of the year[20] Cash Flow - The company's cash and cash equivalents decreased to CNY 600,744,873.35 from CNY 613,298,987.91 at the beginning of the year[19] - The operating cash flow for Q1 2017 was CNY 253,723,073.16, a significant improvement from a negative cash flow of CNY -116,388,869.32 in Q1 2016[31] - Cash inflows from operating activities totaled CNY 605,027,221.67, compared to CNY 172,323,367.62 in the previous year, marking an increase of approximately 251%[31] - The cash outflows from operating activities were CNY 351,304,148.51, up from CNY 288,712,236.94 in Q1 2016[31] - The net cash flow from financing activities was negative CNY 267,589,838.21, compared to a negative CNY 13,500,621.21 in the same period last year[32] - The ending cash and cash equivalents balance was CNY 102,848,962.55, down from CNY 15,146,889.01 in Q1 2016[32] Shareholder Information - The largest shareholder, Weichai (Yangzhou) Yaxing Automobile Co., Ltd., holds 51.00% of the shares[10] Government Support - The company received government subsidies amounting to CNY 3,955,126.79 during the reporting period[7] - The company recorded a 251.84% increase in non-operating income, amounting to RMB 4,140,730.61, primarily from government subsidies[12] Other Financial Metrics - Accounts receivable decreased by 10.36% to RMB 2,921,826,777.02 from RMB 3,258,072,494.86[15] - The company reported a 56.69% increase in advance payments, totaling RMB 61,931,095.60, up from RMB 39,523,380.89[12] - The company's financial expenses increased by 88.93% to RMB 20,582,025.95 due to a rise in loan interest expenses[12] - The construction in progress decreased by 48.30% to RMB 1,625,521.30 from RMB 3,143,932.64, attributed to the transfer of assets to fixed assets[12] - The company received tax refunds of CNY 5,111,746.25 in Q1 2017, compared to CNY 2,986,905.88 in the previous year[31] - The cash outflow for investing activities was CNY 4,430,569.52, compared to CNY 363,966.10 in Q1 2016, indicating increased investment activity[31]