SFX(SH:600370)2017-04-26 16:00Financial Performance - Net profit attributable to shareholders rose by 8.82% to CNY 15,231,647.30 year-on-year[6] - Operating revenue grew by 16.15% to CNY 243,696,907.47 compared to the same period last year[6] - Basic earnings per share increased by 8.52% to CNY 0.0191[6] - The weighted average return on equity improved by 0.07 percentage points to 1.22%[6] - The company reported a total profit of CNY 26,286,453.14 for Q1 2017, compared to CNY 25,033,049.07 in Q1 2016, reflecting a growth of 5.0%[27] - Net profit for Q1 2017 reached CNY 20,566,668.16, representing a 6.5% increase from CNY 19,308,436.66 in Q1 2016[28] - The net profit attributable to shareholders of the parent company was CNY 15,231,647.30, up 8.8% from CNY 13,997,510.29 in the previous year[28] Asset and Liability Changes - Total assets increased by 1.83% to CNY 1,728,190,119.10 compared to the end of the previous year[6] - Total current assets amounted to ¥1,376,370,012.73, up from ¥1,333,157,725.49 at the beginning of the year[18] - Total liabilities increased to ¥224,996,838.26 from ¥214,517,311.41, reflecting a rise in financial obligations[20] - Total liabilities as of the end of Q1 2017 were CNY 100,547,970.66, down from CNY 117,494,120.46 at the end of the previous year[24] - The company's equity attributable to shareholders increased to ¥1,257,462,482.52 from ¥1,242,230,835.22, indicating growth in shareholder value[20] Cash Flow Analysis - Cash flow from operating activities showed a significant decline of 107.45%, resulting in a net outflow of CNY -3,220,159.87[6] - Cash flow from operating activities showed a net decrease of 107.45%, resulting in -¥3,220,159.87 due to increased prepayments and payments[15] - Operating cash inflow totaled ¥140,354,047.13, a decrease of 21.5% compared to ¥178,898,634.40 in the previous period[34] - Operating cash outflow amounted to ¥143,574,207.00, an increase of 5.5% from ¥135,675,127.15 in the previous period[34] - The net cash flow from operating activities was -¥3,220,159.87, a significant decline from ¥43,223,507.25 in the previous period[34] - Cash and cash equivalents net increase was -¥3,586,014.39, reflecting a 108.67% decline compared to the previous period[15] - Cash and cash equivalents at the end of the period were ¥1,010,459,844.11, down from ¥918,983,627.21 in the previous period[35] Changes in Receivables and Inventory - Accounts receivable surged by 171.15% to CNY 93,198,710.13 due to changes in customer settlement methods[13] - Accounts receivable increased to ¥113,284,660.81 from ¥110,444,413.86, indicating a growth in receivables[18] - Inventory decreased to ¥145,140,855.69 from ¥150,005,155.55, showing a reduction in stock levels[18] Government Subsidies and Financial Expenses - Government subsidies recognized in other income increased significantly by 669.27% to CNY 461,563.11[14] - Financial expenses increased due to higher interest income from deposits, resulting in a financial cost of CNY -2,672,060.63[14] - Tax refunds received increased by 52.69% to ¥4,317,858.40 compared to the previous period[15] Operating Costs - Total operating costs for Q1 2017 were CNY 217,872,017.44, up 17.9% from CNY 184,843,501.65 in Q1 2016[27] - Sales revenue from goods and services received was ¥84,353,250.29, down 13.0% from ¥96,937,384.72 in the previous period[37] - Total cash outflow for operating activities was ¥98,530,700.92, an increase of 33.2% from ¥73,974,251.78 in the previous period[37] Other Financial Metrics - The company maintained a stable financial position with total assets amounting to CNY 1,096,633,804.22 as of the end of Q1 2017[24] - The company reported a significant increase in interest income from deposits, contributing to other operating cash receipts which rose by 68.01% to ¥4,099,294.49[15] - The impact of exchange rate changes on cash and cash equivalents was -¥365,854.52, compared to -¥224,922.34 in the previous period[35] - The net cash flow from investment activities was -¥1,649,629.00, indicating no cash inflow from investment activities[34] - The cash flow from financing activities was not detailed, indicating a potential area for future reporting[38]