精达股份(600577) - 2017 Q1 - 季度财报

Financial Performance - Operating revenue rose by 29.02% to CNY 2,581,044,633.38 year-on-year[6] - Net profit attributable to shareholders increased by 40.43% to CNY 57,688,155.25 compared to the same period last year[6] - Basic and diluted earnings per share both increased by 43.48% to CNY 0.033[6] - Total operating revenue for Q1 2017 was CNY 2,581,044,633.38, an increase of 29.0% compared to CNY 2,000,516,713.60 in the same period last year[27] - Net profit for Q1 2017 reached CNY 80,681,203.79, representing a 49.9% increase from CNY 53,816,663.52 in Q1 2016[28] - The net profit attributable to shareholders of the parent company was CNY 64,817,353.30, up 44.5% from CNY 44,891,878.47 in the previous year[28] - The company reported a total profit of CNY 111,111,524.47 for Q1 2017, which is a 52.2% increase from CNY 72,826,391.38 in the same quarter last year[27] - The company incurred a tax expense of CNY 30,430,320.68 in Q1 2017, compared to CNY 19,009,727.86 in Q1 2016, marking a 60.1% increase[27] - The company’s total comprehensive income for Q1 2017 was CNY 80,233,738.96, an increase from CNY 56,629,242.30 in Q1 2016[28] Assets and Liabilities - Total assets increased by 8.57% to CNY 5,325,691,097.71 compared to the end of the previous year[6] - Current liabilities rose to ¥1,945,642,897.22 from ¥1,597,472,459.35, reflecting an increase of about 21.8%[24] - Total liabilities reached ¥1,957,797,308.99, up from ¥1,610,483,699.84, which is an increase of around 21.5%[24] - Non-current assets totaled ¥1,681,588,677.97, compared to ¥1,650,460,284.78, indicating a growth of approximately 1.9%[23] - The company reported a significant increase in short-term borrowings, which rose to ¥559,000,000.00 from ¥285,000,000.00, a growth of approximately 96%[23] - The total current assets amounted to ¥3,644,102,419.74, compared to ¥3,254,622,530.26, reflecting an increase of about 12%[23] - The total non-current liabilities decreased slightly to ¥12,154,411.77 from ¥13,011,240.49, a decline of about 6.6%[24] Cash Flow - Cash flow from operating activities showed a significant decline of 312.85%, resulting in a net cash outflow of CNY 98,014,407.22[6] - The cash inflow from operating activities was CNY 2,447,071,602.74, an increase from CNY 2,270,186,970.10 in the previous period, representing a growth of approximately 7.8%[32] - The net cash flow from operating activities was negative at CNY -98,014,407.22, compared to a positive CNY 46,048,799.84 in the same period last year[32] - The cash inflow from investment activities was CNY 139,368,758.40, a significant increase from CNY 172,880.37 in the previous period[33] - The net cash flow from investment activities was CNY 85,057,512.92, recovering from a negative CNY -10,649,956.11 in the previous year[33] - The cash inflow from financing activities totaled CNY 392,428,336.41, up from CNY 210,692,140.09 in the previous period, marking an increase of approximately 86.3%[33] - The net cash flow from financing activities was CNY 280,271,792.26, compared to a negative CNY -41,044,130.15 in the same period last year[33] - The ending balance of cash and cash equivalents was CNY 648,586,503.50, an increase from CNY 469,923,751.45 at the end of the previous period[33] Shareholder Information - The number of shareholders reached 164,092, with the top ten shareholders holding a combined 56.85% of shares[10] - Shareholders' equity rose to ¥3,367,893,788.72 from ¥3,294,599,115.20, showing an increase of about 2.2%[24] Other Financial Metrics - The weighted average return on equity increased by 0.59 percentage points to 2.20%[6] - Non-recurring gains and losses totaled CNY 7,129,198.05 for the reporting period[10] - The company reported a significant increase in cash received from operating activities related to other business activities, amounting to CNY 9,946,742.40, compared to CNY 995,852.90 in the previous period[32] - The total cash outflow from operating activities was CNY 2,545,086,009.96, compared to CNY 2,224,138,170.26 in the previous year, indicating a rise of approximately 14.5%[32] - The company’s cash flow from sales of goods and services reached CNY 2,428,031,100.36, up from CNY 2,269,191,117.20, reflecting a growth of about 7%[32] Operational Changes - The company is actively pursuing a major asset restructuring plan, which has faced delays due to regulatory changes and the need for further verification of overseas assets[18] - In Q1 2017, the company reported a significant increase in operating tax and additional fees, rising by 147.24% to ¥8,931,357 compared to ¥3,612,391 in Q1 2016[14] - Asset impairment losses surged by 290.50% to ¥8,149,768, primarily due to an increase in accounts receivable and the provision for bad debts[14] - The company experienced a 42.06% decrease in investment income, with cash received from investment earnings dropping to ¥47,179 from ¥81,424 in the same period last year[14] - Operating income from non-operating activities increased by 77.40% to ¥10,720,570, attributed to a rise in government subsidies received[14] - The company’s cash outflow for the purchase of fixed assets and intangible assets rose by 49.62% to ¥16,192,613 from ¥10,822,836 in the same period last year[14] - The company’s cash flow from tax refunds increased significantly, reaching ¥9,093,760, primarily due to increased export tax rebates[14] - The company reported a 60.08% increase in income tax expenses, amounting to ¥30,430,321, compared to ¥19,009,728 in Q1 2016, driven by higher profits[14] - The company’s management expenses increased to CNY 110,756,850.98 in Q1 2017, up from CNY 92,692,215.65 in the same period last year, reflecting a 19.5% rise[27] - Other comprehensive income after tax was CNY -447,464.83 in Q1 2017, down from CNY 2,812,578.78 in the previous year[28]