2017-04-28 16:00Financial Performance - Operating revenue increased by 17.90% year-on-year to CNY 270,438,514.09[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 20,698,394.36, improving from a loss of CNY 32,787,270.49 in the same period last year[6] - The total profit was a loss of CNY 24,802,628.06, an improvement from a loss of CNY 42,876,552.18 in the previous year[12] - The net loss for Q1 2017 was CNY 25,852,607.46, compared to a net loss of CNY 43,664,095.66 in Q1 2016, representing a 40.8% improvement[24] - The operating profit for Q1 2017 was -CNY 27,087,111.63, an improvement from -CNY 45,905,170.14 in the same quarter last year[23] - The total profit (loss) for Q1 2017 was -907,341.09 RMB, an improvement from -2,299,585.21 RMB in the same period last year, indicating a reduction in losses by approximately 60.5%[28] - The company reported a comprehensive income total of -907,341.09 RMB, which is an improvement from -2,299,585.21 RMB in the same quarter last year, indicating a positive trend in overall financial performance[28] Cash Flow - The net cash flow from operating activities was a negative CNY 39,191,315.10, compared to a negative CNY 27,233,037.35 in the previous year[6] - Cash flow from operating activities increased by 47.43% to ¥4,387,088.54 compared to ¥2,975,634.97 in the same period last year[13] - Cash inflow from operating activities totaled 166,624,563.21 RMB, up from 135,682,690.05 RMB, representing an increase of about 22.7% year-over-year[31] - Cash flow from financing activities showed a net inflow of 24,344,836.66 RMB, a recovery from a net outflow of -30,489,014.73 RMB in the same quarter last year[32] - The company received 88,279,160.00 RMB from borrowings, compared to 60,000,000.00 RMB in the previous year, marking a 47% increase in financing through loans[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,849,850,081.84, a slight decrease of 0.00% compared to the end of the previous year[6] - Total current assets amounted to ¥793,298,513.66, up from ¥762,422,678.13 at the beginning of the year[15] - Total liabilities increased to ¥903,817,365.97 from ¥878,023,579.43, indicating a rise in financial obligations[17] - The company's total assets remained stable at ¥1,849,850,081.84 compared to ¥1,849,908,902.76 at the beginning of the year[16] - The net loss attributable to the parent company increased to ¥-607,510,467.48 from ¥-588,661,889.61, reflecting a worsening financial position[17] Shareholder Information - The number of shareholders at the end of the reporting period was 21,168, with the largest shareholder holding 43.30% of the shares[11] Expenses and Costs - Cash paid for purchasing goods and services rose by 69.02% to ¥121,152,445.02 from ¥71,679,318.72 year-on-year, driven by increased market demand and production investment[13] - Total operating costs for Q1 2017 amounted to CNY 298,146,581.61, up 7.67% from CNY 277,912,402.55 in the previous year[23] - The company’s management expenses decreased to CNY 23,539,066.13 in Q1 2017 from CNY 30,575,107.53 in the previous year, a reduction of 22.9%[23] - Cash outflow for purchasing goods and services was 121,152,445.02 RMB, significantly higher than 71,679,318.72 RMB in the prior year, indicating increased operational costs[31] Other Financial Metrics - The weighted average return on equity was -3.39%, an improvement from -4.35% year-on-year[6] - Basic and diluted earnings per share for Q1 2017 were both -CNY 0.04, compared to -CNY 0.07 in Q1 2016[24] - The company reported an investment income of CNY 620,955.89 in Q1 2017, down from CNY 2,634,176.60 in the same period last year[23] - Tax and surcharges increased by 50.43% to CNY 3,738,899.89, due to changes in accounting treatment for related taxes[12] - The company reported a significant decrease in cash paid for acquiring fixed assets, down 63.06% to ¥8,913,526.10 from ¥24,130,522.00 year-on-year[13] - The ending balance of cash and cash equivalents was 78,525,570.61 RMB, down from 93,969,562.07 RMB, reflecting a decrease of approximately 16.4%[32] - The company received tax refunds amounting to 7,308,341.61 RMB, slightly higher than 6,719,462.44 RMB in the previous year, indicating improved cash flow from tax returns[31]