FARATRONIC(SH:600563)2017-04-28 16:00Financial Performance - Operating income decreased by 2.75% to CNY 345,042,925.17 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 0.56% to CNY 82,059,050.95 compared to the same period last year[6] - Basic earnings per share decreased by 2.65% to CNY 0.367 compared to the same period last year[6] - The weighted average return on equity decreased by 0.44 percentage points to 3.86% compared to the previous year[6] - Total operating revenue for Q1 2017 was CNY 345,042,925.17, a decrease of 2.48% from CNY 354,799,218.20 in the previous period[24] - Net profit for Q1 2017 was CNY 85,791,097.00, a slight decrease of 1.26% compared to CNY 86,886,403.34 in the previous period[24] - Total operating revenue for Q1 2017 was ¥292,025,503.53, a decrease of 5.1% from ¥308,453,483.68 in the previous year[28] - Net profit for Q1 2017 was ¥80,250,813.17, down 3.0% from ¥83,498,373.62 in the same period last year[28] - Operating profit for Q1 2017 was ¥93,910,868.77, a decrease of 3.0% from ¥97,757,477.51 in the previous year[28] Cash Flow and Liquidity - Cash flow from operating activities decreased by 28.32% to CNY 57,391,749.99 compared to the same period last year[6] - Cash and cash equivalents at the end of the reporting period amounted to RMB 532.00 million, a decrease of 30.08% compared to the beginning of the period, primarily due to increased financial expenditures[13] - Cash flow from operating activities for Q1 2017 was ¥57,391,749.99, down 28.4% from ¥80,070,383.96 in Q1 2016[30] - Total cash inflow from operating activities was CNY 276,713,975.66, a decrease of 1.4% compared to CNY 281,098,511.54 in Q1 2016[33] - Cash outflow from operating activities totaled CNY 221,197,038.46, an increase of 1.5% from CNY 217,863,849.54 in the previous year[33] - The net increase in cash and cash equivalents was -CNY 240,224,278.69, compared to a decrease of -CNY 10,339,244.93 in the previous year[33] - The ending balance of cash and cash equivalents was CNY 481,296,487.07, up from CNY 324,895,560.08 in Q1 2016[33] Assets and Liabilities - Total assets increased by 0.99% to CNY 2,504,154,620.29 compared to the end of the previous year[6] - Total assets amounted to RMB 2,504.15 million, an increase from RMB 2,479.66 million at the beginning of the period[17] - Non-current assets totaled RMB 655.14 million, up from RMB 631.74 million at the beginning of the period[17] - Total liabilities decreased to CNY 198,597,587.97 from CNY 247,187,063.55 at the beginning of the year, reflecting a reduction of approximately 19.63%[20] - Accounts receivable stood at CNY 368,199,990.29, down from CNY 381,252,341.11, indicating a decrease of 3.00%[19] - Inventory at the end of the reporting period was RMB 223.26 million, slightly up from RMB 216.17 million at the beginning of the period[17] Shareholder Information - The total number of shareholders reached 17,130 at the end of the reporting period[11] - The largest shareholder, Xiamen Fala Development Co., Ltd., holds 37.33% of the shares[11] Other Financial Metrics - The company reported non-recurring gains and losses totaling CNY 446,531.04 for the period[10] - The company reported a significant reduction in other receivables, indicating improved cash flow management and collection efficiency[14] - Employee compensation payable was RMB 79.38 million, a decrease of 33.40%, primarily due to the payment of last year's employee bonuses[14] - Other current assets increased to RMB 413.10 million, a growth of 144.71%, attributed to increased financial expenditures[14] - Short-term borrowings at the end of the reporting period were RMB 5.00 million, a decrease of 37.50%, due to the repayment of working capital loans by subsidiary Shanghai Meixing Electronics Co., Ltd.[14] - Other non-current assets increased to RMB 33.49 million, a growth of 64.81%, mainly due to equipment procurement expenditures[14]