ATLANTIC(SH:600558)2017-04-27 16:00Financial Performance - Operating revenue for the period was CNY 481,597,491.03, representing a year-on-year growth of 29.54%[8] - Net profit attributable to shareholders was CNY 15,403,027.49, up 29.57% from the same period last year[8] - The company's gross profit margin for Q1 2017 was approximately 4.6%, compared to 4.7% in the same quarter last year[33] - Net profit for Q1 2017 was ¥18,647,164.63, up 27.3% from ¥14,649,329.14 in Q1 2016[33] - Operating profit increased to ¥23,504,542.21, representing a 24.5% rise compared to ¥18,912,612.04 in the previous year[33] Cash Flow - The net cash flow from operating activities was -CNY 84,220,369.35, a significant decrease of 1,133.57% compared to the previous year[8] - The company reported a net cash outflow from operating activities of ¥84,220,369.35, compared to a net inflow of ¥8,148,519.47 in Q1 2016[37] - The net cash flow from operating activities for Q1 2017 was -22,221,808.39 RMB, a decline from -6,659,289.85 RMB in the same period last year[41] - Total cash inflow from operating activities was 129,800,078.54 RMB, compared to 109,436,555.98 RMB in Q1 2016, representing an increase of approximately 18.6%[41] - Cash outflow from operating activities totaled 152,021,886.93 RMB, up from 116,095,845.83 RMB, indicating a rise of about 30.9% year-over-year[41] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,739,013,613.12, an increase of 2.18% compared to the end of the previous year[8] - Total liabilities were CNY 674,060,055.52, up from CNY 634,343,143.89, indicating an increase of approximately 6.3%[28] - Current assets totaled CNY 1,383,516,152.58, compared to CNY 1,331,976,622.14 at the beginning of the year, reflecting a growth of approximately 3.5%[27] - Inventory increased to CNY 423,943,071.03 from CNY 365,532,295.33, representing a rise of about 15.9%[27] - Cash and cash equivalents at the end of the period were ¥178,294,157.18, down from ¥441,048,250.59 at the end of Q1 2016[39] Shareholder Information - The total number of shareholders was 65,310 at the end of the reporting period[12] - The controlling shareholder, Sichuan Atlantic Group, plans to transfer 270,526,255 shares to Sichuan Development or its wholly-owned subsidiary without compensation[22] - After the share transfer, the controlling shareholder will change from Sichuan Atlantic Group to Guorui Mining, with the actual controller changing from the Zigong Municipal Government to the Sichuan Provincial Government[23] Government Subsidies and Future Plans - The company received government subsidies amounting to CNY 120,000, which were closely related to its normal business operations[10] - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[33] Investment Activities - The net cash flow from investment activities was -CNY 73,200,000, a decrease of 17,226,000 compared to the previous year[21] - The net cash flow from investing activities was -78,861,377.26 RMB, a significant decrease from 114,698,737.02 RMB in the previous year[41] - Cash inflow from investing activities was 144,246,972.60 RMB, down from 158,925,440.37 RMB, reflecting a decrease of approximately 9.3%[41] - Cash outflow from investing activities surged to 223,108,349.86 RMB, compared to 44,226,703.35 RMB in Q1 2016, marking an increase of about 404.5%[41] Equity and Return on Equity - The weighted average return on equity increased to 0.829%, up by 0.182 percentage points from the previous year[8] - The company reported a total equity of CNY 2,064,953,557.60, slightly up from CNY 2,046,291,486.88, showing a growth of about 0.9%[28] - The total equity increased to ¥1,757,385,325.85 from ¥1,748,059,299.68, reflecting a growth of 0.4%[31] Regulatory and Approval Matters - The share transfer is subject to approval from various government bodies, introducing uncertainty regarding its completion[24] - The company has not reported any significant changes in net profit or major losses compared to the previous year[25]