JSHX(SH:600307)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 183.75% to CNY 223.40 million, reversing a loss from the previous year[5] - Operating revenue rose by 7.25% to CNY 9.12 billion compared to the same period last year[5] - Operating profit for Q1 2017 was CNY 215,475,464.68, a significant recovery from a loss of CNY 277,621,147.95 in Q1 2016[20] - Net profit for Q1 2017 reached CNY 219,090,666.92, compared to a net loss of CNY 270,979,739.61 in Q1 2016, marking a turnaround[20] - The company reported a total comprehensive income of CNY 219,090,666.92 for Q1 2017, a recovery from a total comprehensive loss of CNY 270,979,739.61 in Q1 2016[20] Assets and Liabilities - Total assets decreased by 1.24% to CNY 37.36 billion compared to the end of the previous year[5] - The company reported a 39.12% decrease in notes receivable compared to the beginning of the year, attributed to increased payment to suppliers[9] - The company’s total liabilities decreased, with accounts payable down by 39.65% due to reduced procurement[9] - Total liabilities decreased to CNY 26,442,218,341.53 in Q1 2017 from CNY 28,303,514,909.13 in the previous year[18] - Total current assets decreased to ¥8,612,310,055.22 from ¥8,823,857,956.39, a decline of approximately 2.4%[12] - Total liabilities decreased to ¥27,942,618,168.18 from ¥28,651,780,968.66, a reduction of approximately 2.5%[14] Cash Flow - Net cash flow from operating activities decreased by 236.54% to -CNY 553.45 million, primarily due to an increase in sales settled by notes[5][10] - Cash flow from operating activities showed a net outflow of CNY -553,452,366.41 in Q1 2017, compared to a net inflow of CNY 405,339,683.10 in Q1 2016[24] - Total cash inflow from operating activities was ¥4,198,939,271.95, while total cash outflow was ¥4,699,468,053.62, leading to a net cash flow of -¥500,528,781.67[27] - Cash outflow for purchasing goods and services rose significantly to ¥3,863,846,891.15 from ¥2,942,301,820.73, an increase of about 31.3%[27] - Cash inflow from financing activities increased to ¥6,026,500,000.00 from ¥3,186,464,000.00, marking an increase of approximately 89.8%[28] Shareholder Information - The number of shareholders reached 342,398, with the largest shareholder holding 54.79% of the shares[8] - The company's total equity increased to ¥9,421,098,993.97 from ¥9,182,021,184.78, an increase of approximately 2.6%[14] - The total equity increased to CNY 14,591,393,229.77 in Q1 2017 from CNY 13,996,280,917.21 in Q1 2016[18] Investment and Capital Expenditure - Cash paid for fixed assets increased by 35.27% year-on-year, indicating ongoing investment in long-term assets[10] - Investment cash outflow for fixed assets and intangible assets was ¥88,854,758.00, compared to ¥68,513,555.99 in the previous period, reflecting a rise of about 29.6%[28] Inventory and Receivables - Inventory increased significantly to ¥4,196,905,262.01, up from ¥3,348,981,244.29, representing a growth of about 25.4%[12] - Accounts receivable decreased to ¥246,179,103.67 from ¥342,658,517.59, a decrease of about 28.2%[12] Tax and Fees - Tax and additional fees increased by 110% year-on-year, reflecting changes in accounting treatment for certain taxes[9] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to ¥2,277,260,583.17 from ¥2,923,792,126.34, a decline of approximately 22.1%[12] - Cash and cash equivalents at the end of Q1 2017 were CNY 2,245,960,583.16, down from CNY 2,271,525,585.95 at the end of Q1 2016[25] - Cash and cash equivalents at the end of the period stood at ¥1,990,017,695.76, up from ¥1,012,886,390.97[28]