Hongfa(SH:600885)2017-04-27 16:00Financial Performance - Operating revenue rose by 18.26% to CNY 1,345,884,532.49 year-on-year[5] - Net profit attributable to shareholders increased by 23.57% to CNY 165,754,478.66 compared to the same period last year[5] - Basic earnings per share increased by 24.00% to CNY 0.31[5] - The net profit after deducting non-recurring gains and losses was CNY 161,236,793.17, an increase of 22.37% year-on-year[5] - Net profit for Q1 2017 reached CNY 224,982,222.71, representing a 20.2% increase from CNY 187,103,811.81 in Q1 2016[27] - The net profit attributable to shareholders of the parent company was CNY 165,754,478.66, up 23.6% from CNY 134,141,291.95 in the previous year[27] Assets and Liabilities - Total assets increased by 2.64% to CNY 6,669,281,675.71 compared to the end of the previous year[5] - Total liabilities decreased by 2.00% to CNY 1,904,915,722.80 from CNY 1,962,018,021.30[18] - Total assets as of March 31, 2017, amounted to CNY 3,667,750,633.05, slightly up from CNY 3,667,133,359.25 at the beginning of the year[22] - Total liabilities as of March 31, 2017, were CNY 3,318,108.53, an increase from CNY 325,034.14 at the start of the year[22] Cash Flow - Net cash flow from operating activities decreased significantly by 549.69% to -CNY 126,196,863.54[5] - Cash inflow from operating activities was ¥1,099,731,663.50, an increase from ¥956,558,865.21 year-over-year[34] - The net cash flow from operating activities was a loss of ¥126,196,863.54, compared to a gain of ¥28,063,175.43 in the previous year[34] - Cash outflow from investing activities was ¥171,549,857.15, significantly reduced from ¥490,618,770.11 in the same period last year[34] - The net cash flow from financing activities was ¥5,562,860.20, down from ¥188,506,912.46 year-over-year[35] - The ending cash and cash equivalents balance was ¥365,029,890.52, a decrease from ¥413,910,199.75 at the end of the previous year[35] Shareholder Information - The total number of shareholders reached 8,644 at the end of the reporting period[9] - The largest shareholder, Xinyu Youge Investment Co., Ltd., holds 34.32% of the shares[9] Other Financial Metrics - The weighted average return on equity improved by 1.39 percentage points to 4.76%[5] - The company received government subsidies amounting to CNY 3,944,725.68 during the reporting period[6] - Accounts receivable increased by 31.85% to CNY 719,048,612.12 from CNY 545,346,482.93, driven by sales growth[11] - Other receivables rose by 59.68% to CNY 107,450,012.08 from CNY 67,291,800.50, attributed to increased financial product purchases[11] - Prepayments increased by 71.00% to CNY 33,011,192.10 from CNY 19,305,108.27, mainly due to higher customer advance payments[11] - The company reported a financial expense of CNY 5,342,670.02, a drastic increase of 436.35% due to increased exchange losses[12] - Inventory decreased by 9.61% to CNY 853,240,532.87 from CNY 943,824,446.59, indicating improved inventory management[17] - The company completed the investment of raised funds, with the remaining CNY 1,978.13 transferred to permanent working capital[12]