Shede Spirits (SH:600702)2017-04-20 16:00Financial Performance - Net profit attributable to shareholders increased by 235.47% to CNY 40,853,005.67 compared to the same period last year[6] - Operating revenue for the period was CNY 426,632,116.57, a slight increase of 0.04% year-on-year[6] - Basic earnings per share rose by 235.46% to CNY 0.1211 compared to the same period last year[6] - Operating profit for Q1 2017 was CNY 74,649,692.70, up from CNY 29,631,417.69 in the previous year, marking a growth of 151.5%[25] - The company reported a total profit of CNY 76,328,820.16 for Q1 2017, compared to CNY 30,120,988.43 in Q1 2016, reflecting an increase of 153.1%[25] Cash Flow - Net cash flow from operating activities increased by 58.87% to CNY 96,662,062.36 compared to the same period last year[6] - Cash inflow from operating activities in Q1 2017 was CNY 446,467,992.86, compared to CNY 374,289,499.90 in Q1 2016, showing an increase of 19.3%[28] - The net cash flow from operating activities for Q1 2017 was ¥51,798,958.89, a decrease of 19.8% compared to ¥64,625,800.46 in the previous year[30] - Total cash inflow from financing activities was ¥246,953,399.82, up from ¥150,000,000.00 in the same period last year, representing a 64.6% increase[31] - The cash outflow for financing activities was ¥312,805,437.54, compared to ¥121,350,433.35 in the previous year, indicating a significant increase of 157.5%[31] Assets and Liabilities - Total assets increased by 1.54% to CNY 4,026,318,758.18 compared to the end of the previous year[6] - Total liabilities rose to CNY 1,660,143,994.53 compared to CNY 1,639,775,580.96, marking an increase of 1.88%[19] - Current liabilities totaled CNY 1,654,858,972.68, up from CNY 1,636,510,559.11, representing a growth of 1.35%[19] - Non-current assets amounted to CNY 1,124,630,125.03, a slight decrease from CNY 1,129,506,386.70, showing a decline of 0.42%[19] - The company's cash and cash equivalents decreased to CNY 310,332,619.04 from CNY 336,232,209.54, a decline of 7.69%[21] Shareholder Information - The total number of shareholders reached 29,227 at the end of the reporting period[9] - Sichuan Tuopai Shede Group Co., Ltd. held 29.85% of the shares, making it the largest shareholder[9] Operating Costs and Expenses - Operating costs decreased by 34.54% to ¥149,444,900.06, resulting from an optimization of product structure with a significant rise in the proportion of mid-to-high-end products[11] - Sales expenses rose by 57.35% to ¥119,047,372.98, mainly due to increased investment in new product market development and higher personnel costs[11] - Total operating costs for Q1 2017 were CNY 350,689,693.68, a decrease from CNY 400,686,146.43 in Q1 2016, indicating a reduction of 12.5%[25] - Management expenses decreased to CNY 44,534,363.43 in Q1 2017 from CNY 51,120,870.12 in Q1 2016, a reduction of 13.0%[25] Other Income and Expenses - The company received government subsidies amounting to CNY 1,520,923.63 during the reporting period[6] - Non-operating income and expenses totaled CNY 158,203.83, with a tax impact of CNY -51,064.02[6] - Investment income turned negative at -¥1,292,730.19, a decrease of 133.47%, mainly due to reduced income and profits from a joint venture[11] - The company reported a significant increase in other operating income by 255.20% to ¥1,849,888.94, mainly from unemployment insurance subsidies received[11]