BVEA(SH:600379)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 6,186,434.52, representing a decrease of 7.23% year-on-year[7]. - Operating revenue for the period was CNY 147,163,696.37, an increase of 1.93% compared to the same period last year[7]. - The company reported a significant decrease in operating income from government subsidies, down 98.05% to CNY 13,660.14 compared to the previous year[13]. - The company's basic earnings per share decreased by 7.42% to CNY 0.0262[7]. - Net profit for the current period was ¥6,186,434.52, a decrease of 5.8% from ¥6,567,255.79 in the previous period[32]. - Basic and diluted earnings per share were both ¥0.0262, down from ¥0.0283 in the previous period[32]. Cash Flow - The net cash flow from operating activities was negative CNY 18,647,192.03, a decline of 213.93% year-on-year[7]. - Cash inflow from operating activities totaled ¥77,002,431.60, a decrease of 35.1% from ¥118,696,899.33 in the previous period[35]. - The net cash flow from operating activities for Q1 2017 was -15,805,860.50 RMB, a significant decline compared to 15,241,459.49 RMB in the previous year[39]. - The company reported a total cash outflow from operating activities of 73,708,953.31 RMB, compared to 83,524,651.97 RMB in the previous year[39]. - Cash inflow from financing activities amounted to 20,000,000.00 RMB, with cash outflow totaling 20,667,269.17 RMB, leading to a net cash flow of -667,269.17 RMB[39]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 693,919,345.01, a decrease of 0.39% compared to the end of the previous year[7]. - Current assets totaled CNY 451,953,415.27, compared to CNY 454,076,955.10 at the start of the year, indicating a decrease of approximately 0.25%[25]. - Total liabilities decreased from CNY 225,659,307.64 to CNY 216,318,413.55, a reduction of approximately 4.5%[26]. - Current liabilities totaled CNY 194,051,287.82, down from CNY 203,392,181.91, indicating a decrease of about 4.5%[26]. - Owner's equity increased to CNY 477,600,931.46 from CNY 470,945,411.03, representing a growth of approximately 1.5%[26]. Inventory and Receivables - Inventory increased to CNY 146,328,704.77 from CNY 128,965,102.92, reflecting a growth of about 13.5%[25]. - The company reported accounts receivable of ¥156,668,005.36, an increase from ¥142,109,673.19 at the beginning of the year, indicating a rise in outstanding customer payments[24]. - Accounts receivable increased to CNY 138,655,772.62 from CNY 125,790,684.30, reflecting a growth of approximately 10.5%[27]. Expenses - Cash paid for purchasing goods and services was ¥24,679,684.40, a decline of 44.55% from ¥44,509,559.66, attributed to a reduced cash payment ratio for material procurement compared to the previous year[14]. - Management expenses increased to ¥13,323,340.25 from ¥11,112,646.18, reflecting a rise of 19.9%[31]. - Sales expenses rose to ¥11,131,826.06, compared to ¥9,380,682.71, an increase of 18.7%[31]. - The company paid 31,931,288.15 RMB to employees, an increase from 29,187,947.63 RMB in the previous year[39]. Cash and Cash Equivalents - As of March 31, 2017, the company's cash and cash equivalents stood at ¥53,551,875.11, up from ¥47,607,938.10 at the beginning of the year[24]. - Cash and cash equivalents rose to CNY 48,218,076.82 from CNY 39,137,634.58, an increase of about 23.5%[27]. - The total cash and cash equivalents at the end of Q1 2017 were 48,218,076.82 RMB, down from 170,137,065.97 RMB in the same period last year[39]. - The net increase in cash and cash equivalents for Q1 2017 was 9,080,442.24 RMB, compared to 2,464,040.42 RMB in the same period last year[39]. Other Financial Metrics - The weighted average return on equity decreased by 0.22 percentage points to 1.30%[7]. - The balance of notes payable increased by 106.77% to CNY 13,130,000.00 due to an increase in self-issued notes[12]. - The company’s cash flow statement showed a significant increase in other current liabilities, up 148.93% to CNY 2,054,431.12 due to accrued expenses[12]. - The company received ¥20,000,000.00 in cash from borrowings, a decrease of 50.00% from ¥40,000,000.00, reflecting reduced bank lending[15]. - The company experienced a foreign exchange loss of -14,960.09 RMB, compared to -7,131.60 RMB in the previous year[39].