HENGFENG PAPER(SH:600356)2017-04-27 16:00Financial Performance - Operating revenue for the period was CNY 351,624,578.09, representing an increase of 7.07% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 27,045,543.28, up 12.00% from the previous year[6] - Basic and diluted earnings per share were both CNY 0.09, reflecting a 12.50% increase compared to the previous year[6] - The company reported a net profit of ¥646,821,706.97, up from ¥619,381,663.69, indicating a growth of 4.4%[18] - Total operating revenue for Q1 2017 was CNY 351,624,578.09, an increase of 7.4% compared to CNY 328,400,747.27 in the same period last year[24] - Net profit for Q1 2017 reached CNY 27,341,333.92, representing a 12.6% increase from CNY 24,295,602.23 in Q1 2016[25] - Total profit for Q1 2017 was CNY 36,590,481.05, an increase of 7.9% compared to CNY 33,911,152.67 in Q1 2016[25] Cash Flow - Cash flow from operating activities was CNY 29,549,082.41, a significant recovery from a loss of CNY 128,888,190.13 in the same period last year[6] - The net cash flow from operating activities for Q1 2017 was ¥29,549,082.41, a significant improvement from the previous year's loss of ¥128,888,190.13[30] - Total cash inflow from operating activities was ¥321,029,703.58, an increase of 16.88% from ¥274,413,394.92 in the previous year[33] - Cash outflow for operating activities was ¥287,790,413.99, down from ¥404,625,257.93, indicating a reduction of 28.93% year-over-year[33] - The cash flow from operating activities netted a positive amount for the first time in several quarters, indicating a potential turnaround in operational efficiency[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,703,467,316.18, a decrease of 0.68% compared to the end of the previous year[6] - Total current assets amounted to ¥1,491,464,830.94, slightly up from ¥1,474,826,742.53, reflecting a growth of 1.1%[16] - Total liabilities decreased to ¥648,678,019.59 from ¥694,623,838.94, a decline of 6.6%[17] - Owner's equity increased to ¥2,054,789,296.59 from ¥2,027,447,962.67, an increase of 1.4%[18] - The company’s total non-current assets decreased to ¥1,212,002,485.24 from ¥1,247,245,059.08, a decline of 2.8%[16] Shareholder Information - The number of shareholders at the end of the reporting period was 14,470[8] - The company has resolved all previous share pledges and freezes, with no current restrictions on its shares[12] Government Support - The company received government subsidies amounting to CNY 565,500 during the reporting period[11] Inventory and Receivables - Accounts receivable rose to ¥409,692,289.78 from ¥321,664,957.72, marking an increase of 27.3%[16] - Inventory decreased to ¥311,665,311.78 from ¥327,591,970.43, a decline of 4.9%[16] Expenses - Total operating costs for Q1 2017 were CNY 315,570,097.04, up 6.9% from CNY 295,070,195.53 in Q1 2016[24] - Sales expenses for Q1 2017 amounted to CNY 26,997,485.58, up from CNY 24,337,302.55 in Q1 2016, reflecting a 6.8% increase[24] - Management expenses decreased to CNY 20,692,134.54 in Q1 2017 from CNY 22,189,268.31 in Q1 2016, a reduction of 6.7%[25] - Financial expenses decreased to CNY 4,868,187.19 in Q1 2017 from CNY 5,755,673.24 in Q1 2016, a decline of 15.4%[25] Investment Activities - Total cash inflow from investment activities was ¥199,000,000, compared to ¥120,000,000 in the same period last year, indicating a 65.83% increase[33] - The net cash flow from investment activities reached ¥190,531,279.24, up from ¥116,518,408.16, reflecting a growth of 63.67% year-over-year[30] Financing Activities - Cash inflow from financing activities totaled ¥100,000,000, down from ¥120,000,000, showing a decrease of 16.67% compared to the previous year[34] - The net cash flow from financing activities was -¥24,706,337.2, worsening from -¥6,890,865.18 in the prior year[34]