FW(SH:600742)2017-04-26 16:00Financial Performance - Operating revenue for the current period was CNY 3,001,376,478.38, representing an increase of 11.70% year-on-year[6] - Net profit attributable to shareholders was CNY 149,847,710.65, up 102.04% from the previous year[6] - Basic earnings per share rose to CNY 0.354, a 102.29% increase compared to the same period last year[6] - Operating profit for Q1 2017 was ¥183,281,804.77, up 96.8% from ¥93,111,251.52 in Q1 2016[26] - Net profit attributable to shareholders of the parent company was ¥149,847,710.65, representing a 102.5% increase from ¥74,166,106.29 in the previous year[26] - Total comprehensive income for Q1 2017 was CNY 133,976,033.00, compared to CNY 62,053,722.39 in the previous year, indicating a strong performance[31] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -122,762,127.31, a decline of 216.31% year-on-year[6] - Cash flow from operating activities showed a net outflow of CNY -122,762,127.31, compared to a net inflow of CNY 105,547,420.74 in the same period last year[32] - The net cash flow from investing activities was -¥75,016,017.43, worsening from -¥4,298,516.91 in the previous year[36] - Cash outflow for investing activities surged to ¥76,005,560.97, compared to ¥5,371,018.67, marking a significant increase of 1,315.5%[36] - The net increase in cash and cash equivalents was -¥56,901,274.88, contrasting with an increase of ¥3,995,959.60 in the same quarter last year[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,336,393,154.53, a decrease of 0.28% compared to the end of the previous year[6] - Total liabilities decreased by 4.23% to ¥2,948,562,360.53[18] - Total assets decreased slightly by 0.28% to ¥8,336,393,154.53[18] - Total liabilities decreased to ¥1,160,089,393.63 from ¥1,086,015,680.01, reflecting a reduction of approximately 6.8%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,372[10] - The largest shareholder, China First Automobile Group Corporation, held 20.14% of the shares[11] Investment and Income - The company recorded non-operating income of CNY 10,642,948.52 from various sources[9] - Investment income increased by 68.85% to ¥104,655,316.92, mainly from the net profit of joint ventures[13] - Other income surged by 569.08% to ¥11,046,039.21, resulting from equity changes in a subsidiary[14] - The company reported an investment income of ¥104,655,316.92, significantly higher than ¥61,979,432.11 in the previous year, marking an increase of 68.6%[26] Inventory and Receivables - Accounts receivable increased by 188.71% to ¥964,193,107.27, primarily due to increased sales revenue[13] - Inventory levels increased to ¥844,934,062.50, up from ¥817,143,717.13, indicating a rise of 3.4%[21] Management and Expenses - The company reported a significant increase in management expenses, which rose to CNY 45,982,905.54 from CNY 39,421,255.27, reflecting a 16.0% increase[30] - The financial expenses showed a notable change, with a net income of CNY -4,400,937.15 compared to CNY -772,387.34 in the previous year, indicating improved financial management[30] Construction and Investments - Construction in progress rose by 104.84% to ¥187,584,590.47, attributed to increased investments in Qingdao and Tianjin projects[13] - Cash flow from investing activities decreased by 83.69% to ¥2,638,615.86, mainly due to government subsidies received in the previous period[14] No Significant Developments - The company did not report any significant new product developments or market expansion strategies in this quarter[4]