SPM(SH:600459)2017-04-26 16:00Financial Performance - Operating revenue rose by 76.19% to CNY 3,852,347,991.21 year-on-year[7] - Net profit attributable to shareholders increased by 77.06% to CNY 28,215,140.90 compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses surged by 502.87% to CNY 25,502,361.10[7] - Basic and diluted earnings per share both rose by 83.33% to CNY 0.11[7] - Total operating revenue for the current period reached ¥3,852,347,991.21, a significant increase from ¥2,186,517,144.34 in the previous period, representing a growth of approximately 76.5%[32] - Net profit for the current period was ¥29,345,469.20, compared to ¥17,243,647.44 in the previous period, marking an increase of around 70.4%[33] - The company reported a total profit of ¥35,467,180.82, compared to ¥22,633,173.32 in the prior period, which is an increase of about 56.6%[33] - The total comprehensive income for the current period was ¥32,682,117.23, compared to ¥17,295,402.98 in the previous period, indicating an increase of around 88.9%[33] Assets and Liabilities - Total assets increased by 25.35% to CNY 4,307,604,618.10 compared to the end of the previous year[7] - Current liabilities rose to CNY 2,025,291,512.17 from CNY 1,192,862,225.84, an increase of about 69.7%[26] - Total liabilities reached CNY 2,328,228,461.07, up from CNY 1,491,576,829.15, indicating a growth of approximately 56.0%[26] - Owner's equity totaled CNY 1,979,376,157.03, compared to CNY 1,944,964,643.90, showing a slight increase of about 1.8%[26] - Non-current assets amounted to CNY 1,057,382,851.38, a marginal decrease from CNY 1,062,149,129.53, reflecting a decline of about 0.7%[25] Cash Flow - Cash flow from operating activities showed a significant decline, amounting to -CNY 564,629,908.85[7] - Net cash flow from operating activities decreased by RMB 555,599,908.85 year-on-year, primarily due to increased working capital requirements from expanded sales[18] - Cash inflow from operating activities totaled ¥4,198,068,762.24, significantly higher than ¥2,497,477,518.39 in the previous period, showing an increase of approximately 68.2%[37] - The net cash flow from operating activities was -512,408,241.74 RMB, compared to a positive cash flow of 36,362,404.48 RMB in the previous period[41] - Cash flow from financing activities showed a net increase of 522,428,057.55 RMB, compared to a net decrease of -158,786,707.99 RMB in the previous period[42] Operational Metrics - Operating costs rose by 77.12% year-on-year to RMB 3,765,373,876.40, in line with the increased sales scale[17] - Cash flow from financing activities increased by RMB 598,610,220.05 year-on-year, reflecting a rise in bank financing[19] - The company reported a significant increase in prepayments, which rose to CNY 494,217,126.67 from CNY 108,789,565.67, indicating a growth of approximately 354%[24] - Accounts receivable increased by 37.66% to CNY 588,383,219.89[14] - Financial expenses increased by 42.50% year-on-year to RMB 15,094,976.24, mainly due to a rise in bank loan scale[18] Investment and Dividends - Investment income surged by 1,023.38% year-on-year to RMB 16,664,605.74, driven by increased gains from hedging tools[18] - The company plans to distribute at least 10% of the annual distributable profits as cash dividends, with a cumulative distribution of no less than 30% of the average annual distributable profits over the three years from 2015 to 2017[21] Corporate Governance - The company has committed to maintaining independence in its operations, ensuring that its financial and operational activities are separate from its controlling shareholder, Yunxi Holdings[21] - The company has established a commitment to avoid related party transactions unless necessary, ensuring fair and reasonable pricing in such transactions[21] - The company has a commitment to independent financial management, including maintaining separate bank accounts and financial decision-making processes[21]