动力源(600405) - 2017 Q1 - 季度财报

Financial Performance - Operating revenue for the current period was CNY 167,498,285.59, representing a growth of 6.69% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY -41,113,617.73, showing a significant decline compared to CNY -29,163,769.40 in the same period last year[6] - The company reported a total of CNY 14,147,729.75 in non-operating income, which includes government subsidies and other income[8] - Total revenue for Q1 2017 was CNY 167,498,285.59, an increase of 6.4% compared to CNY 156,992,253.34 in the same period last year[30] - The company's operating revenue for Q1 2017 was ¥111,291,365.72, a decrease of 1.48% compared to ¥112,960,543.27 in the same period last year[34] - The net loss for Q1 2017 was ¥36,145,407.78, compared to a net loss of ¥24,758,849.23 in Q1 2016, representing an increase in loss of approximately 45.83%[35] - The total comprehensive loss for Q1 2017 was -¥36,145,407.78, compared to -¥24,758,849.23 in the previous year, indicating a worsening of approximately 45.83%[35] Cash Flow - Cash flow from operating activities improved to CNY -29,362,016.31, compared to CNY -41,215,690.24 in the previous year, indicating a positive trend[6] - Cash received from sales of goods and services from the beginning of the year to the reporting period was CNY 253,602,465.87, an increase of 55.56% compared to the same period last year, attributed to higher collections[16] - Cash received from tax refunds during the reporting period was CNY 5,409,924.53, up 59.10% year-on-year, due to increased tax refunds received by the parent company and its subsidiaries[16] - Cash paid for purchasing goods and services during the reporting period was CNY 179,583,805.58, an increase of 38.12% compared to the previous year, mainly due to higher procurement payments[16] - Cash received from borrowings during the reporting period was CNY 155,000,000.00, an increase of 46.25% compared to the previous period, primarily due to increased loans by the parent company[16] - The cash flow from operating activities showed a net outflow of -¥29,362,016.31, an improvement from -¥41,215,690.24 in Q1 2016[38] - The company received cash inflows from operating activities totaling ¥263,753,288.12, compared to ¥172,014,576.03 in Q1 2016, reflecting a year-over-year increase of about 53.4%[38] - Net cash flow from operating activities was -$80.11 million, compared to -$21.46 million in the previous period, indicating a decline in operational efficiency[41] - The company’s cash flow from operating activities was significantly impacted, resulting in a net decrease in cash and cash equivalents of $12.28 million[42] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,709,503,541.95, an increase of 0.94% compared to the end of the previous year[6] - The total assets as of March 31, 2017, were CNY 2,709,503,541.95, compared to CNY 2,684,309,467.85 at the beginning of the year[22] - The total liabilities as of March 31, 2017, were CNY 1,766,256,252.14, compared to CNY 1,728,238,127.69 at the beginning of the year[23] - Total liabilities increased to CNY 1,656,712,850.76 from CNY 1,598,552,569.52, representing a rise of 3.2%[28] - Current assets totaled CNY 1,318,347,699.05, a slight decrease of 1.3% from CNY 1,339,923,876.82 at the start of the year[27] - Total equity decreased to CNY 736,641,998.88 from CNY 770,199,979.32, a decline of 4.4%[28] Expenses - Sales expenses for the reporting period were CNY 46,073,043.06, up 32.99% year-on-year, mainly due to the issuance of first-quarter bonuses by the parent company[14] - The company reported a significant increase in sales expenses, which rose to ¥38,947,588.75 from ¥28,797,418.21, marking a 35.3% increase year-over-year[34] - The financial expenses for Q1 2017 were ¥7,403,639.69, compared to ¥6,973,504.44 in the same period last year, indicating a rise of approximately 6.2%[34] Shareholder Information - The number of shareholders reached 99,952, indicating a stable shareholder base[10] Other Financial Activities - Other current assets surged by 181.25% to CNY 13,460,815.11, mainly due to an increase in VAT credits[12] - Construction in progress rose by 164.51% to CNY 365,652,252.23, attributed to the renovation of a new subsidiary's R&D building[13] - Short-term borrowings increased by 30.17% to CNY 452,988,000.00, reflecting new borrowings by the parent company[13] - Other income for the reporting period was CNY 19,000,040.95, an increase of 122.67% compared to the previous period, mainly due to the fair value difference from the acquisition of equity in a subsidiary[14] - The company received approval from the China Securities Regulatory Commission for a share placement on March 15, 2017, indicating plans for capital expansion[18] - The company reported a significant increase in other receivables, rising to CNY 172,764,032.80 from CNY 107,049,308.21, an increase of 61.2%[27] - The company received $5,660.57 from the disposal of fixed assets, a slight increase from $396.00 in the previous period[41] - The impact of exchange rate changes on cash and cash equivalents was a negative $75,035.15, compared to a negative $6,069.45 previously, indicating currency volatility[42]