GACO(SH:600523)2017-04-27 16:00Financial Performance - Operating revenue for the period was CNY 915,733,508.42, representing an increase of 26.98% year-on-year[6]. - Net profit attributable to shareholders was CNY 33,753,322.37, up 119.15% from the same period last year[6]. - Basic earnings per share rose to CNY 0.11, an increase of 83.33% year-on-year[6]. - The total profit for the period reached RMB 43,389,739.69, representing a 60.21% increase compared to the previous year[12]. - Net profit attributable to the parent company was RMB 32,943,157.20, an increase of 86.45% year-on-year, driven by improved profitability of subsidiaries[12]. - The net profit after deducting non-recurring gains and losses was CNY 32,943,157.20, an increase of 86.45% year-on-year[6]. - Total operating revenue for Q1 2017 reached ¥915,733,508.42, an increase of 27% compared to ¥721,135,695.73 in the same period last year[25]. - Net profit for Q1 2017 was ¥37,113,379.12, representing a 74% increase from ¥21,348,185.62 in Q1 2016[26]. - The net profit attributable to shareholders of the parent company was ¥32,943,157.20, compared to ¥17,668,757.13 in the previous year, marking an increase of 86%[26]. Cash Flow - Cash flow from operating activities increased by 82.19% to CNY 28,403,381.33 compared to the previous year[6]. - Cash generated from operating activities was ¥873,409,765.45, an increase from ¥797,559,332.47 in the same period last year[31]. - Operating cash inflow totaled CNY 887,171,979.35, an increase from CNY 815,445,170.93 in the previous period, reflecting a growth of approximately 8.5%[32]. - Net cash flow from operating activities was CNY 28,403,381.33, up from CNY 15,589,624.58, indicating a significant improvement[32]. - The net increase in cash and cash equivalents for the period was CNY -897,996.11, compared to CNY -28,964,598.60 in the previous period, indicating an improvement in cash management[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,716,253,790.10, a decrease of 1.70% compared to the end of the previous year[6]. - Total current assets decreased from CNY 2,626,990,175.16 to CNY 2,607,496,282.68, a decline of approximately 0.5%[18]. - Total non-current assets decreased from CNY 1,153,476,612.11 to CNY 1,108,757,507.42, a decrease of approximately 3.9%[19]. - Total liabilities decreased from CNY 1,454,892,057.02 to CNY 1,374,952,197.82, a decline of about 5.5%[20]. - Total equity increased from CNY 2,325,574,730.25 to CNY 2,341,301,592.28, an increase of approximately 0.7%[20]. - The company reported a total asset decrease from CNY 3,780,466,787.27 to CNY 3,716,253,790.10, a decline of about 1.7%[20]. - The company’s accounts payable decreased from CNY 777,429,052.47 to CNY 712,898,499.24, a decrease of approximately 8.3%[19]. Investments and Expenditures - Development expenditures increased by 44.4% to RMB 3,809,961.18, reflecting enhanced R&D investments by subsidiaries[12]. - Long-term deferred expenses rose by 66.06% to RMB 17,096,787.08, primarily due to increased costs for factory renovations and rent[12]. - The company reported non-operating income of CNY 695,936.12 during the period[8]. - Investment income showed a significant decline, with a loss of RMB 10,901,849.14, a 799.79% increase in losses due to decreased profitability of an associated company[12]. - The company plans to invest RMB 300,000 in A-share stocks, having previously sold 182,400 shares of a stock for profit[15]. Shareholder Information - The total number of shareholders at the end of the reporting period was 23,895[9]. - The largest shareholder, China Aviation Automobile Systems Holding Company, held 37.01% of the shares[9].