HIKING(SH:600735)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 45.60% to CNY 17,961,438.40 compared to the same period last year[6] - Basic earnings per share rose by 44.98% to CNY 0.0477 compared to the same period last year[6] - The company's net profit attributable to the parent company increased by 45.24% compared to the same period last year, driven by increased product R&D and stable growth in operating revenue and gross margin[14] - Operating profit increased to CNY 36,351,568.64, up from CNY 25,081,665.83, reflecting a growth of 45.5%[27] - Net profit for the period was CNY 26,160,447.58, compared to CNY 17,485,650.18 in the same period last year, an increase of 49.2%[27] - The net profit attributable to shareholders of the parent company was CNY 17,952,700.21, up from CNY 12,361,026.10, marking a growth of 45.5%[27] Revenue and Costs - Revenue for the period was CNY 300,169,989.65, a slight decrease of 0.02% compared to the previous year[6] - Total operating costs decreased to CNY 263,908,066.62 from CNY 275,503,129.92, a reduction of approximately 4.6%[27] - Total revenue for Q1 2017 was CNY 300,169,989.65, slightly down from CNY 300,234,333.72 in the previous year, representing a decrease of 0.02%[27] Cash Flow - Operating cash flow increased significantly by 95.24% to CNY 52,140,853.66 compared to the previous year[6] - The net cash flow from operating activities increased by 95.24% compared to the same period last year, attributed to enhanced collection of receivables[14] - The net cash flow from operating activities for the current period is 52,140,853.66, compared to 26,705,531.47 in the previous period, showing an increase of approximately 95%[35] - The company reported a net cash outflow from investing activities of -17,028.67, a significant improvement from -2,483,539.33 in the previous period[36] - The net cash flow from financing activities for the current period is -9,273,064.85, compared to a positive inflow of 1,721,296.21 in the previous period, indicating a shift in financing strategy[36] Assets and Liabilities - Total assets increased by 4.66% to CNY 1,066,627,803.47 compared to the end of the previous year[6] - Total liabilities as of March 31, 2017, were CNY 231,223,286.75, compared to CNY 211,271,416.09 at the beginning of the year[20] - The company's total equity increased to CNY 835,404,516.72 as of March 31, 2017, from CNY 807,880,389.03 at the beginning of the year[20] - The balance of short-term loans decreased by 45% compared to the beginning of the year, reflecting a reduction in working capital loans[14] Shareholder Information - The total number of shareholders reached 18,503 at the end of the reporting period[11] - The largest shareholder, Shandong Lujin Import and Export Group Co., Ltd., holds 48.41% of the shares[11] Other Financial Metrics - The weighted average return on equity increased by 0.27 percentage points to 2.32%[6] - Non-recurring gains and losses amounted to a net impact of CNY -8,738.19 after tax adjustments[8] - Financial expenses increased by 107.65% compared to the same period last year, mainly due to a decrease in exchange gains[14] - The balance of prepaid accounts increased by 127.14% compared to the beginning of the year, due to an increase in prepaid goods[14] - The balance of other receivables decreased by 50.65% compared to the beginning of the year, as the company recovered other payments during the reporting period[14] - The balance of prepaid accounts increased by 51.52% compared to the beginning of the year, as the company intensified risk control over receivables[14] Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[6]