CBEST(SH:600729)2018-04-26 16:00Financial Performance - Net profit attributable to shareholders increased by 43.48% to CNY 522,899,680.86 compared to the same period last year[6]. - Operating revenue rose by 9.66% to CNY 10,063,003,223.88 year-on-year[6]. - The net profit for the year is not expected to incur significant losses or major changes compared to the previous year[16]. - Net profit for Q1 2018 reached CNY 534,205,503.76, representing a 42.3% increase compared to CNY 375,445,061.24 in Q1 2017[26]. - The company's total profit amounted to ¥150,586,417.38, up from ¥80,400,601.00 in the previous period, indicating an increase of 87.0%[29]. - Basic and diluted earnings per share were both ¥0.34, doubling from ¥0.17 in the same period last year[30]. Cash Flow - The net cash flow from operating activities improved significantly by 702.83% to CNY 270,429,159.80 compared to the previous year[6]. - Operating cash flow increased significantly to CNY 270,429,159.80, a 702.83% increase compared to the previous period[16]. - The net cash flow from operating activities was ¥270,429,159.80, a significant recovery from a negative cash flow of -¥44,859,738.87 in the previous period[33]. - The net cash flow from investing activities was ¥492,141,488.99, a recovery from a negative cash flow of -¥579,334,329.31 in the previous period[34]. - The net increase in cash and cash equivalents was $728,325,069.61, compared to a decrease of $417,711,212.88 in the prior period[36]. - The ending balance of cash and cash equivalents was $1,828,590,117.36, up from $1,145,167,674.26 in the previous period[36]. Assets and Liabilities - Total assets increased by 0.97% to CNY 13,372,385,434 compared to the end of the previous year[6]. - Total assets as of March 31, 2018, amounted to CNY 13,372,385,434.00, up from CNY 13,243,503,613.29 at the beginning of the year[19]. - Total liabilities for Q1 2018 were CNY 5,707,541,016.43, up from CNY 5,434,374,251.69 in Q1 2017[23]. - The company’s total liabilities increased by 5.02% year-over-year, indicating a growth in financial obligations[23]. Investment and Income - Investment income surged by 1784.88% to CNY 99,516,318.37 compared to the previous year[12]. - The company reported an increase in investment income from the investment in the "Masha Financial" project[13]. - Investment income for Q1 2018 was CNY 99,516,318.37, significantly higher than CNY 5,279,703.32 in Q1 2017[26]. - Other income increased due to government subsidies related to operations, in accordance with new standards[13]. - Non-operating income decreased by 79.97% to CNY 1,845,592.90, primarily due to adjustments in government subsidies[13]. Shareholder Information - The number of shareholders reached 16,646, with the largest shareholder holding 45.05% of the shares[8]. Management and Expenses - Management expenses rose by 31.07% to CNY 349,240,229.06 compared to the previous period[12]. - Accounts receivable increased by 318.74% to CNY 12,537,648.11, primarily due to unendorsed bills from the electrical appliance division[10]. Strategic Initiatives - The company is planning to introduce two strategic investors as part of a mixed-ownership reform[15].