CRE(SH:600217)2017-04-27 16:00Financial Performance - Operating revenue rose by 43.99% to CNY 323,925,274.03 year-on-year[5] - Net profit attributable to shareholders increased significantly by 16,381.65% to CNY 37,558,226.92 compared to the same period last year[5] - Basic earnings per share increased by 13,900.00% to CNY 0.0280 from CNY 0.0002 in the same period last year[5] - The company's operating revenue for the first quarter reached ¥323.93 million, a 43.99% increase compared to ¥224.96 million in the same period last year, primarily due to an increase in dismantling volume[13] - Net profit for Q1 2017 reached CNY 37,558,226.92, compared to CNY 396,421.34 in Q1 2016, indicating a substantial improvement in profitability[28] Assets and Liabilities - Total assets increased by 9.44% to CNY 3,523,093,401.03 compared to the end of the previous year[5] - The company's total assets as of March 31, 2017, amounted to CNY 3,200,079,600.13, up from CNY 2,963,971,519.60 at the beginning of the year[25] - Total liabilities increased to CNY 1,391,941,864.54 from CNY 1,147,427,048.86, indicating a rise in the company's financial obligations[25] - The total current liabilities increased to CNY 754,841,984.51 from CNY 410,377,168.83, reflecting a rise in short-term financial obligations[25] Cash Flow - The net cash flow from operating activities decreased by 46.70% to CNY -251,133,453.35 compared to the previous year[5] - The net cash flow from operating activities was negative at ¥251.13 million, worsening from a negative cash flow of ¥171.19 million in the previous year, reflecting a decline of approximately 46.8%[35] - Cash flow from financing activities generated a net inflow of ¥298.52 million, an increase from ¥191.32 million in the previous year, showing a growth of approximately 55.9%[36] - The total cash outflow from operating activities was ¥391.01 million, slightly higher than ¥383.09 million in the previous year, indicating a marginal increase of about 2.4%[35] Shareholder Information - The total number of shareholders reached 31,881 at the end of the reporting period[10] - The largest shareholder, China Recycled Resources Development Co., Ltd., holds 25.35% of the shares, with 340,060,867 shares pledged[10] Expenses - Management expenses rose by 32.13% to ¥16.72 million from ¥12.65 million, attributed to increased labor costs[13] - Financial expenses increased by 41.86% to ¥22.69 million from ¥15.99 million, due to higher loans from financial institutions[13] - Asset impairment losses surged by 175.72% to ¥116.64 million from ¥42.31 million, driven by increased dismantling volume and finished goods[13] Government Support and Other Income - The company received government subsidies amounting to CNY 1,831,118.59 related to its normal business operations[6] - Non-recurring gains and losses totaled CNY 5,433,827.82 for the reporting period[7] Equity and Share Issuance - The company completed a non-public offering of up to 69,749,006 new shares, increasing total shares from 1,341,587,523 to 1,411,336,529[16] - The company's equity attributable to shareholders was CNY 1,062,942,319.84, an increase from CNY 1,025,674,401.42[24]