XJJW(SH:600888)2017-04-26 16:00Financial Performance - Operating revenue fell by 33.93% to CNY 956,397,914.23 year-on-year[6] - Net profit attributable to shareholders increased by 248.27% to CNY 33,996,072.00 compared to the same period last year[6] - Basic earnings per share rose by 248.68% to CNY 0.053[6] - The company's operating revenue for Q1 2017 was RMB 956,397,914.23, a decrease of 33.93% compared to RMB 1,447,616,201.59 in Q1 2016[15] - The net profit for Q1 2017 reached RMB 33,719,221.60, representing a significant increase of 245.41% compared to RMB 9,762,114.12 in Q1 2016[16] - The total profit for Q1 2017 was RMB 35,113,993.85, an increase of 192.63% from RMB 11,999,460.63 in the previous year[16] - Total operating revenue for Q1 2017 was CNY 956,397,914.23, a decrease of 33.9% compared to CNY 1,447,616,201.59 in the same period last year[31] - Net profit for Q1 2017 reached CNY 33,719,221.60, compared to a net profit of CNY 9,762,114.12 in the previous year, representing a significant increase[32] - The total comprehensive income for Q1 2017 was CNY 34,082,452.10, up 256.25% from CNY 9,566,886.12 in the same period last year[16] - The company reported an operating profit of CNY 29,086,851.10, a turnaround from a loss of CNY 14,449,216.68 in the previous year[32] Assets and Liabilities - Total assets decreased by 3.82% to CNY 9,327,849,177.08 compared to the end of the previous year[6] - As of March 31, 2017, the total assets amounted to CNY 9,327,849,177.08, a decrease from CNY 9,697,822,789.37 at the beginning of the year[27] - The company's current assets totaled CNY 4,105,657,629.60, down from CNY 4,452,231,924.23 at the beginning of the year, indicating a reduction of approximately 7.8%[25] - The total liabilities decreased to CNY 6,004,945,417.17 from CNY 6,415,237,643.43, a reduction of approximately 6.4%[27] - The company's equity attributable to shareholders increased to CNY 3,296,615,931.09 from CNY 3,256,020,466.72, showing a growth of about 1.2%[27] - The company's total liabilities amounted to CNY 5,559,574,455.72, slightly up from CNY 5,507,500,049.97 year-on-year[32] - Total equity increased to CNY 3,216,983,401.08 from CNY 3,180,791,780.53, reflecting a growth of 1.1%[32] Cash Flow - Net cash flow from operating activities was negative at CNY -840,577,988.28, compared to CNY -579,047,981.26 in the previous year[6] - The company's cash flow from operating activities was negative RMB 840,577,988.28, indicating a decrease in sales revenue[18] - Total cash inflow from operating activities was 671,064,835.81 RMB, down 50% from 1,343,484,757.03 RMB year-on-year[37] - Cash outflow from operating activities totaled 1,511,642,824.09 RMB, a decrease of 21.4% compared to 1,922,532,738.29 RMB in the previous year[37] - The net increase in cash and cash equivalents was -812,889,076.05 RMB, compared to -468,792,320.87 RMB in the previous year[38] - The ending balance of cash and cash equivalents was 693,077,638.00 RMB, down from 903,545,476.60 RMB year-on-year[38] Shareholder Information - The total number of shareholders reached 66,696[10] - The largest shareholder, TBEA Co., Ltd., holds 28.14% of shares, totaling 180,434,922 shares[10] Government Support - Government subsidies recognized in the current period amounted to CNY 5,418,202.47[9] Operational Adjustments - The company has locked in prices for a certain quantity of key raw materials in advance, which has helped reduce production costs[21] - The company is actively adjusting its product structure to achieve growth in its main electronic new materials business[21] Inventory and Receivables - The company's prepayments increased by 70.42% to RMB 760,406,082.50 from RMB 446,197,715.83 in the previous year[14] - The accounts receivable rose by 44.52% to RMB 696,750,138.73 compared to RMB 482,098,757.56 in Q1 2016[14] - Inventory levels rose to CNY 877,432,970.12 from CNY 851,147,936.83, indicating an increase of about 3.1%[25]