CATEC(SH:600879)2017-04-27 16:00Financial Performance - Operating revenue rose by 18.03% to CNY 2,443,179,792.61 year-on-year[7] - Net profit attributable to shareholders increased by 158.54% to CNY 85,578,085.74 compared to the same period last year[7] - Basic earnings per share grew by 24.56% to CNY 0.071[7] - The net profit attributable to shareholders increased by 36.62% compared to the same period last year, driven by continuous growth in aerospace model tasks[12] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 158.54% year-on-year, due to the impact of non-recurring gains from the previous year's major asset restructuring[13] - Net profit for Q1 2017 reached CNY 93,847,526.92, representing a 18.56% increase from CNY 79,209,515.45 in Q1 2016[28] - Total comprehensive income for Q1 2017 was ¥93,847,526.92, compared to ¥79,209,515.45 in the previous year, marking an increase of approximately 18.6%[29] Cash Flow - The net cash flow from operating activities decreased by 30.31% to CNY -743,802,910.68 compared to the previous year[7] - The net cash flow from operating activities decreased by 30.31% year-on-year, attributed to increased production scale and inventory levels[13] - The net cash flow from financing activities increased by 228.68% year-on-year, primarily due to funds raised from the major asset restructuring[13] - The net cash flow from operating activities for Q1 2017 was -¥743,802,910.68, worsening from -¥570,790,464.28 in the previous year[35] - The net cash flow from financing activities for Q1 2017 was ¥1,874,613,550.27, a significant increase from ¥570,341,469.18 in the previous year[36] - Cash inflow from financing activities totaled CNY 4,067,602,789.14, significantly higher than CNY 1,560,000,000.00 in the previous period[38] - Net cash flow from financing activities was CNY 1,343,174,253.83, compared to CNY 400,388,441.12 in the previous period, indicating strong financing performance[38] Assets and Liabilities - Total assets increased by 8.29% to CNY 21,205,444,330.79 compared to the end of the previous year[7] - Total assets as of March 31, 2017, amounted to ¥21,205,444,330.79, an increase from ¥19,581,504,437.66 at the beginning of the year[20] - Total liabilities decreased to CNY 1,194,834,376.73 from CNY 2,635,706,533.28, a reduction of 54.66%[26] - Owner's equity increased to CNY 8,574,073,019.49, up from CNY 6,378,466,068.20, marking a growth of 34.51%[26] - The total liabilities to equity ratio improved to 0.14 from 0.41, indicating a stronger financial position[26] Shareholder Information - The total number of shareholders reached 130,505 at the end of the reporting period[10] - The largest shareholder, China Aerospace Times Electronics Company, holds 21.57% of the shares[10] Investment and Projects - The company invested ¥3,678.55 million in various projects during the reporting period, with a cumulative investment of ¥124,760.68 million[16] - The company has ongoing projects in high-tech product industrialization, with significant investments in areas such as laser radar and aerospace integrated circuits[17] Operating Costs and Profitability - Total operating costs for Q1 2017 were CNY 2,329,761,160.30, up from CNY 1,974,305,963.78, reflecting a year-over-year increase of 17.98%[28] - The company reported a gross profit of CNY 430,418,632.31 for Q1 2017, up from CNY 391,624,258.84 in Q1 2016, indicating a growth of 9.89%[28] - The operating profit for Q1 2017 was reported at -¥31,990,575.49, an improvement from -¥38,573,563.37 in the previous year, showing a reduction in losses[31] Cash and Cash Equivalents - Cash and cash equivalents at the end of the reporting period reached ¥1,902,871,049.82, a 113.40% increase from the beginning of the period[14] - Cash and cash equivalents rose significantly to CNY 1,401,466,896.81 from CNY 95,890,283.39, an increase of 1,362.73%[25] - Cash and cash equivalents at the end of Q1 2017 totaled ¥1,762,743,456.11, compared to ¥597,959,416.33 at the end of the previous year, reflecting a significant increase[36] - The ending balance of cash and cash equivalents was CNY 1,401,466,896.81, up from CNY 111,512,900.78 in the previous period[38] - The company reported a significant increase in cash and cash equivalents by CNY 1,305,576,613.42 during the period[38]