HIGHLY(SH:600619)2017-04-26 16:00Financial Performance - Net profit attributable to shareholders increased by 198.59% to CNY 47,412,579.36 from CNY 15,878,706.42 in the same period last year[6] - Operating revenue rose by 45.77% to CNY 2,451,182,299.86 compared to CNY 1,681,545,524.18 in the previous year[6] - Basic earnings per share increased by 150.00% to CNY 0.05 from CNY 0.02[6] - Operating profit for Q1 2017 increased by 135.7% year-on-year, reaching CNY 61,240,000[17] - Net profit attributable to shareholders for Q1 2017 was CNY 47,410,000, a 198.6% increase year-on-year[17] - Net profit for Q1 2017 reached ¥59,669,311.35, a significant increase of 134.8% from ¥25,429,487.16 in Q1 2016[32] - The net profit attributable to shareholders of the parent company was ¥47,412,579.36, compared to ¥15,878,706.42 in the previous year, reflecting a growth of 198.5%[32] Assets and Liabilities - Total assets increased by 4.92% to CNY 12,258,688,487.63 compared to the end of the previous year[6] - Total current assets increased to ¥7,093,740,139.39 from ¥6,490,041,624.03, representing a growth of approximately 9.3%[23] - Total liabilities increased to ¥7,364,633,618.21 from ¥6,900,535,480.57, marking an increase of about 6.7%[25] - Total assets reached ¥12,258,688,487.63, up from ¥11,684,041,900.47, representing a growth of about 4.9%[25] - Total owner's equity rose to ¥4,894,054,869.42 from ¥4,783,506,419.90, marking an increase of about 2.3%[25] Cash Flow - The net cash flow from operating activities was negative at CNY -588,972,884.62, compared to CNY -83,559,852.83 in the same period last year[6] - The net cash flow from operating activities for Q1 2017 was a net outflow of CNY 588,972,884.62, an increase in outflow compared to the previous year[16] - Cash outflow for purchasing goods and services rose significantly to ¥2,167,077,091.81 from ¥1,546,179,975.01, an increase of about 40.1%[36] - The net increase in cash and cash equivalents was negative at ¥-353,224,412.73, contrasting with a positive increase of ¥209,155,058.49 previously[37] - Cash inflow from financing activities totaled ¥896,760,110.85, up from ¥551,580,666.70, marking an increase of approximately 62.5%[37] Shareholder Information - The number of shareholders reached 65,227, with the top ten shareholders holding a total of 20.22% of shares[10] - The largest shareholder, Shanghai Electric Group, holds 175,128,920 shares, accounting for 20.22% of total shares[10] Operational Highlights - Operating revenue for Q1 2017 was CNY 2,451,182,299.86, a 45.77% increase year-on-year, driven by significant growth in sales of air conditioning compressors and motors[14] - The company sold 5.48 million air conditioning compressors in Q1 2017, a 35.8% increase year-on-year[17] - The company established Shanghai HaLi New Energy Technology Co., Ltd. to develop and manufacture environmentally friendly compressors and motors for new energy vehicles[17] Government and Non-Recurring Items - The company recognized government subsidies of CNY 8,555,593.82 related to its normal operations[8] - Non-recurring gains and losses totaled CNY 7,192,771.11 after accounting for tax effects and minority interests[8] Financial Expenses - Financial expenses decreased by 36.91% year-on-year, primarily due to exchange rate fluctuations resulting in foreign exchange gains[15] - Financial expenses for Q1 2017 were ¥25,344,708.77, down from ¥40,172,630.12 in the same period last year[31]