SMEG(SH:600689)2017-04-28 16:00Financial Performance - Operating revenue for the period was CNY 282,507,640.64, down 8.07% from the same period last year[7] - Net profit attributable to shareholders was CNY 40,774,893.02, a significant recovery from a loss of CNY 8,114,047.80 in the previous year[7] - Basic earnings per share improved to CNY 0.203 from a loss of CNY 0.040 in the same period last year[7] - The weighted average return on net assets was 9.18%, a recovery from -2.49% in the previous year[7] - Total operating revenue for Q1 2017 was CNY 282,507,640.64, a decrease of 8.0% from CNY 307,323,643.36 in the previous period[28] - Net profit for Q1 2017 reached CNY 40,499,788.97, compared to a net loss of CNY 8,397,710.08 in the same period last year[29] - Comprehensive income for Q1 2017 was CNY 40,201,722.47, compared to a loss of CNY 6,546,295.72 in the same period last year[29] - Total comprehensive income for the first quarter of 2017 was CNY 39,756,005.37, compared to a loss of CNY 5,031,806.91 in the same period last year[31] Assets and Liabilities - Total assets decreased by 2.58% to CNY 772,535,056.10 compared to the end of the previous year[7] - Total liabilities decreased from ¥356,374,615.41 to ¥295,694,895.58, a decline of about 17.0%[22] - Current liabilities decreased from ¥307,769,588.02 to ¥247,387,324.48, a reduction of approximately 19.7%[21] - The company's equity attributable to shareholders increased from ¥423,832,441.54 to ¥464,309,268.06, an increase of approximately 9.5%[22] - The total number of shareholders at the end of the reporting period was 32,579, with the top ten shareholders holding 39.67% of the shares[11] Cash Flow - Cash flow from operating activities was negative at CNY -24,872,800.17, a decline of 153.06% compared to the previous year[7] - The company's net cash flow from operating activities decreased by 71,753,072.67 RMB, a decline of 153.06% due to business changes[16] - Cash inflow from operating activities was CNY 359,276,598.45, down from CNY 411,791,141.91 year-over-year[32] - Cash paid to employees increased to CNY 32,627,066.00 from CNY 22,213,381.43 in the same period last year[32] Investments and Other Income - The company reported non-operating income of CNY 56,676,405.13, primarily from non-recurring gains[9] - The company reported a significant increase in non-operating income, totaling CNY 36,270,293.86, compared to CNY 847,996.19 in the previous period[29] - The company reported an investment income of CNY 20,882,898.98, compared to a loss of CNY 954,668.53 in the previous period[29] Changes in Assets - The company's financial assets measured at fair value increased by 49,984,780.00 RMB, a change of 13,849.08% due to the purchase of bank wealth management products[13] - Prepayments rose by 39,942,517.72 RMB, reflecting a 49.81% increase attributed to unsettled trade transactions[13] - Other receivables increased by 6,045,114.18 RMB, a 40.71% rise due to an increase in tax refund claims[13] - The non-current assets totaled ¥327,741,160.24, slightly down from ¥331,565,670.22, a decrease of about 1.2%[21] Shareholder and Capital Changes - The largest shareholder, Chongqing Light Textile Holdings Group, held 25.95% of the shares[11] - The registered capital of the wholly-owned subsidiary Chongqing Yimaotiao Textile Co., Ltd. was reduced by 32 million RMB, resulting in a new capital of 38 million RMB[19] - The transfer of 50 million shares of Ancheng Insurance was completed, with a total transaction amount of 70 million RMB[18] Operating Costs and Expenses - Total operating costs for Q1 2017 were CNY 284,936,841.38, down 9.6% from CNY 315,254,977.02 in the previous period[28] - Sales expenses decreased by 6,885,506.93 RMB, a 37.00% decline attributed to reduced foreign trade commission expenditures[15] - The company reported a significant increase in operating tax and additional fees by 195,517.08 RMB, a 30.64% rise due to the implementation of a new VAT accounting policy[15]