HASCO(SH:600741)2017-04-25 16:00Financial Performance - Operating revenue for the period reached CNY 34.00 billion, a 7.14% increase year-on-year[7] - Net profit attributable to shareholders of the listed company rose by 7.12% to CNY 1.53 billion[7] - Basic earnings per share increased by 7.06% to CNY 0.485[7] - The net profit attributable to the parent company was CNY 1.53 billion, reflecting a growth of 7.12% from CNY 1.43 billion year-on-year[12] - Net profit for Q1 2017 reached CNY 2,259,168,624.36, compared to CNY 2,072,163,132.83 in Q1 2016, marking a growth of 9.01%[25] - The profit attributable to the parent company's shareholders was CNY 1,528,658,172.16, an increase from CNY 1,427,070,674.38, representing a growth of 7.1%[25] - Investment income for Q1 2017 was CNY 979,373,451.98, compared to CNY 822,636,410.97 in Q1 2016, showing a significant increase of 19.06%[25] - The company reported a comprehensive income total of CNY 2,147,000,672.04 for Q1 2017, up from CNY 1,802,776,299.72 in the previous year, indicating a growth of 19.1%[26] Assets and Liabilities - Total assets increased by 2.87% to CNY 110.70 billion compared to the end of the previous year[7] - The total assets as of March 31, 2017, amounted to CNY 110.70 billion, up from CNY 107.61 billion at the beginning of the year[16] - The total liabilities were CNY 62.73 billion, compared to CNY 61.77 billion at the start of the year[17] - The company's long-term borrowings increased by CNY 543.81 million, primarily due to new project loans from subsidiaries[12] - Total liabilities for Q1 2017 were CNY 4,046,018,093.76, slightly down from CNY 4,046,965,377.20 in the same period last year[21] - The company's total equity increased to CNY 31,192,109,158.41 from CNY 30,735,910,198.91, reflecting a growth of 1.48%[21] Cash Flow - Cash flow from operating activities decreased by 53.11% to CNY 599.49 million compared to the same period last year[7] - The net cash flow from operating activities was CNY 599.49 million, a decrease of 53.11% compared to CNY 1.28 billion in the previous year[13] - The company experienced a net cash outflow from investing activities of CNY 2.41 billion, which was an increase of 6.75% from CNY 2.26 billion year-on-year[13] - Cash inflows from operating activities totaled approximately ¥32.24 billion, compared to ¥26.11 billion in the previous year, representing an increase of about 23.3%[31] - The net cash flow from investing activities was negative at approximately ¥2.41 billion, compared to a negative cash flow of ¥2.26 billion in the previous year[31] - Cash inflows from financing activities totaled approximately ¥1.68 billion, significantly lower than ¥5.93 billion in the same period last year, reflecting a decrease of about 71.6%[32] - The net cash flow from financing activities was approximately ¥1.00 billion, down from ¥4.95 billion year-over-year, a decline of about 79.8%[32] Shareholder Information - The number of shareholders reached 62,878, with Shanghai Automotive Group holding 58.32% of shares[9] Inventory and Prepayments - Prepayments increased by 42.95% to CNY 1.09 billion, primarily due to increased procurement prepayments[11] - The company’s inventory decreased to CNY 6.74 billion from CNY 7.34 billion, indicating improved inventory management[15] Operational Efficiency - The company plans to continue optimizing production organization and improving output efficiency in response to market changes[12]