wanhua(SH:600309)2017-04-14 16:00Financial Performance - Operating revenue surged by 107.70% to CNY 11.01 billion compared to the same period last year[7] - Net profit attributable to shareholders increased by 394.78% to CNY 2.20 billion year-on-year[7] - Basic earnings per share rose by 357.14% to CNY 0.96 per share[7] - Total revenue for Q1 2017 reached ¥11,007,048,624.78, a significant increase of 107.3% compared to ¥5,299,611,141.08 in the same period last year[26] - Net profit for Q1 2017 reached CNY 1,717,507,379.01, compared to CNY 219,558,364.98 in Q1 2016, representing a significant increase[31] - Total profit for Q1 2017 was CNY 2,019,146,739.30, compared to CNY 258,707,614.36 in Q1 2016, showing robust growth[31] - The company reported a total comprehensive income of CNY 1,717,507,379.01 for Q1 2017, significantly higher than CNY 219,558,364.98 in Q1 2016[31] Assets and Liabilities - Total assets increased by 12.12% to CNY 56.92 billion compared to the end of the previous year[7] - The company’s total liabilities decreased by 100% in derivative financial liabilities, from ¥7,514,019.66 to zero, due to the settlement of LPG futures contracts[11] - Total liabilities increased to ¥33,537,560,589.05 from ¥32,431,078,399.48, reflecting a rise of 3.4%[20] - Current liabilities totaled ¥23,338,671,332.57, an increase from ¥22,601,406,540.52, representing a rise of 3.3%[20] - Non-current liabilities amounted to ¥10,198,889,256.48, compared to ¥9,829,671,858.96, indicating a growth of 3.7%[20] Cash Flow - Net cash flow from operating activities decreased by 73.69% to CNY 473.06 million compared to the previous year[7] - Cash flow from operating activities was CNY 11,565,703,517.41, a substantial increase from CNY 6,199,381,852.59 in the same quarter last year[33] - Net cash flow from financing activities was ¥1,917,360,757.84, a significant turnaround from a negative cash flow of ¥563,744,125.89, primarily due to the inflow from new share issuance[12] - Cash inflow from financing activities was CNY 4.89 billion, compared to CNY 3.15 billion in the previous year, indicating a growth of 55.0%[38] - The net increase in cash and cash equivalents for the period was CNY 1.13 billion, contrasting with a decrease of CNY 398.15 million in the previous year[38] Shareholder Information - The total number of shareholders reached 45,088 by the end of the reporting period[10] - The largest shareholder, Wanhua Industrial Group Co., Ltd., holds 47.92% of the shares, with 417.6 million shares pledged[10] Inventory and Receivables - Accounts receivable rose by 61.52% to ¥2,769,860,214.33, up from ¥1,714,873,634.39, attributed to increased sales during the period[11] - The company’s inventory increased by 30.73% to ¥5,670,195,142.47, up from ¥4,337,350,786.56, due to low inventory levels at the end of the previous year and rising costs of raw materials[11] - Inventory levels were reported at ¥1,659,962,612.35, slightly up from ¥1,642,207,077.60, indicating a growth of 1.0%[23] Other Financial Metrics - The weighted average return on equity increased by 9.08 percentage points to 12.84%[7] - The company reported a total of CNY 28.22 million in non-recurring gains and losses during the period[8] - The company reported a deferred income tax asset of ¥558,368,491.56, an increase from ¥447,603,763.74, representing a growth of 24.7%[20] - The company experienced a decrease in asset impairment losses, reporting a gain of CNY 807,597.85 compared to a loss of CNY 5,132,735.27 in the previous year[30] - The company’s sales expenses increased to CNY 26,704,464.83 from CNY 23,735,785.49, reflecting ongoing investments in sales and marketing[30]