XCEC(SH:600777)2017-04-27 16:00Financial Performance - Operating revenue for the period was CNY 58,516,574.72, representing a 17.72% increase year-on-year[6] - Net profit attributable to shareholders was CNY 19,890,899.42, a significant recovery from a loss of CNY 14,238,915.93 in the same period last year[6] - The weighted average return on equity increased by 0.77 percentage points to 0.36%[6] - Total operating revenue for Q1 2017 was CNY 58,516,574.72, an increase of 17.5% compared to CNY 49,710,380.58 in the same period last year[31] - Operating profit for Q1 2017 was CNY 19,890,899.42, a significant turnaround from a loss of CNY 16,609,578.43 in the previous year[31] - Net profit for the period was CNY 19,890,899.42, compared to a net loss of CNY 14,963,954.46 in Q1 2016[31] - Earnings per share (EPS) for Q1 2017 was CNY 0.0049, compared to a loss per share of CNY 0.0044 in the same quarter last year[32] - The company reported an investment income of CNY 18,303,701.37, up from CNY 5,373,972.60 in the previous year, indicating a growth of 240.5%[31] Cash Flow - The net cash flow from operating activities was negative CNY 75,995,210.05, a decline of 2,024.19% compared to the previous year[6] - Net cash flow from operating activities decreased significantly compared to the same period last year, mainly due to a decrease in cash received from operating activities during the reporting period[20] - Cash inflow from operating activities totaled 107,022,776.52 RMB, down 30.7% from 154,896,651.36 RMB in the prior period[37] - Cash outflow from operating activities increased to 183,017,986.57 RMB, up 21.3% from 150,947,187.80 RMB[37] - The net cash flow from investing activities increased significantly compared to the same period last year, primarily due to an increase in cash received from investment activities during the reporting period[21] - The net cash flow from investing activities was 353,772,529.60 RMB, compared to 17,667,637.84 RMB in the previous period[38] - Cash inflow from investing activities reached 2,245,533,471.85 RMB, a substantial increase from 30,373,972.60 RMB last period[38] - Cash outflow from investing activities was 1,891,760,942.25 RMB, significantly higher than 12,706,334.76 RMB in the prior period[38] - The net cash flow from financing activities decreased significantly compared to the same period last year, mainly due to a decrease in cash obtained from borrowings during the reporting period[21] - The net cash flow from financing activities was -7,232,373.22 RMB, a decrease from 30,743,628.58 RMB in the previous period[38] Assets and Liabilities - Total assets increased by 0.59% to CNY 6,119,165,871.49 compared to the end of the previous year[6] - As of March 31, 2017, total assets amounted to RMB 6.119 billion, with total liabilities of RMB 653.7 million[23][24] - Total liabilities as of the end of Q1 2017 were CNY 592,939,575.69, compared to CNY 556,666,575.59 at the end of the previous year[31] - The total equity attributable to the parent company was RMB 5.465 billion, showing a slight increase from RMB 5.458 billion at the beginning of the year[24] - Total equity increased slightly to CNY 5,332,994,147.43 from CNY 5,322,942,711.36 year-over-year[31] - The total assets of the company amounted to CNY 5,925,933,723.12, up from CNY 5,879,609,286.95 in the previous year[31] Shareholder Information - The number of shareholders at the end of the reporting period was 93,298[9] - Cash and cash equivalents increased by 67.73% compared to the beginning of the period, mainly due to the maturity of certain financial products[10] - The company's cash and cash equivalents increased to RMB 668.4 million from RMB 398.5 million at the beginning of the year[23] Expenses and Other Income - Financial expenses rose by 45.37% year-on-year, attributed to an increase in loan scale[17] - Non-operating expenses decreased by 100% compared to the same period last year, mainly due to a reduction in compensation payments during the reporting period[20] - Income tax expenses significantly increased compared to the same period last year, primarily due to the rise in total profit during the reporting period[20] - Other comprehensive income after tax was a loss of CNY 13,063,839.94, compared to a loss of CNY 10,852,968.99 in the previous year[32] Investment Activities - Investment income significantly increased due to returns from temporarily idle raised funds[18] - The company plans to acquire 100% equity of Dingliang Huitong through a combination of issuing shares and cash payment, with a transaction amount of RMB 8.166 billion and supporting funds of RMB 1.7 billion raised[22] - The company received 2,225,000,000.00 RMB related to other investment activities, indicating a strong inflow[40] - The cash inflow from operating activities related to other activities was 16,308,138.34 RMB, compared to 10,810,743.11 RMB in the previous period[40]