SDBH(SH:600966)2017-04-10 16:00Financial Performance - Net profit attributable to shareholders surged by 1,768.01% to CNY 197.16 million year-on-year[6] - Operating revenue rose by 31.98% to CNY 2.04 billion compared to the same period last year[6] - Basic earnings per share reached CNY 0.1475, up 1,767.09% from CNY 0.0079 in the previous year[6] - Operating profit for Q1 2017 reached CNY 56,916,931.87, up from CNY 8,687,381.20 in Q1 2016, representing a significant increase[30] - The net profit for Q1 2017 was CNY 43,945,826.97, compared to CNY 5,338,085.86 in the previous year, indicating a substantial growth[31] - The total comprehensive income for Q1 2017 was CNY 43,945,826.97, reflecting the same amount as the net profit[31] - The total profit for Q1 2017 was CNY 55,748,908.30, compared to CNY 11,332,634.89 in Q1 2016, showing a strong improvement in profitability[30] Cash Flow - Net cash flow from operating activities increased by 151.94% to CNY 331.42 million year-on-year[6] - Cash flow from operating activities for Q1 2017 was CNY 2,057,593,105.15, an increase from CNY 1,653,766,295.44 in Q1 2016, showing improved cash generation[34] - Operating cash inflow for Q1 2017 was CNY 2,062,523,077.73, an increase from CNY 1,665,778,974.01 in the previous year, representing a growth of approximately 23.8%[35] - Net cash flow from operating activities was CNY 331,421,282.50, significantly higher than CNY 131,547,085.42 in Q1 2016, marking an increase of about 152.5%[35] - Cash inflow from sales of goods and services was CNY 993,719,110.40, compared to CNY 714,779,908.94 in the previous year, representing a growth of approximately 39.0%[37] Assets and Liabilities - Total assets increased by 3.68% to CNY 12.49 billion compared to the end of the previous year[6] - Total liabilities increased to ¥7,808,822,602.93 from ¥7,572,554,099.54, indicating a rise of about 3.1%[22] - Current liabilities totaled ¥7,343,443,644.80, up from ¥7,072,910,517.49, representing an increase of approximately 3.8%[22] - Non-current liabilities decreased to ¥465,378,958.13 from ¥499,643,582.05, showing a decline of about 6.9%[22] - Shareholders' equity rose to ¥4,677,638,611.34 from ¥4,471,101,234.02, marking an increase of approximately 4.6%[22] Shareholder Information - The total number of shareholders reached 97,783 by the end of the reporting period[10] - The largest shareholder, Shandong Bohui Group Co., Ltd., holds 28.45% of the shares[10] Expenses - Sales expenses for Q1 2017 were CNY 107,211,595.94, an increase of 80.75% year-on-year, primarily due to increased product sales and transportation costs[14] - Tax expenses for Q1 2017 were CNY 67,485,117.81, an increase of 714.69% year-on-year, mainly due to an increase in total profit[14] - The company's sales expenses for Q1 2017 were CNY 42,968,316.50, compared to CNY 38,680,118.73 in the same period last year, indicating increased investment in sales efforts[30] - The financial expenses for Q1 2017 decreased to CNY 41,320,804.00 from CNY 47,271,026.63 in Q1 2016, reflecting improved cost management[30] Government Support and Losses - The company received government subsidies amounting to CNY 995,186.04 related to wastewater treatment[8] - The company reported a debt restructuring loss of CNY 1.42 million due to deteriorating conditions of a subsidiary[8] - The company reported an asset impairment loss of CNY 5,188,005.97 in Q1 2017, compared to a gain of CNY 2,248,305.26 in the previous year, indicating a shift in asset performance[30] Inventory and Receivables - Inventory levels increased to ¥597,529,029.09 from ¥537,539,467.86, reflecting a growth of approximately 11.1%[24] - Other receivables rose significantly to ¥1,206,318,003.80 from ¥918,919,273.93, indicating an increase of about 31.3%[24] - Interest receivables at the end of the period were CNY 3,157,291.20, up 48.28% from the beginning of the year, mainly due to increased interest on deposits[13] Cash Management - Cash and cash equivalents at the end of Q1 2017 were ¥914,256,563.73, slightly down from ¥936,239,215.98 at the beginning of the year[23] - The ending cash and cash equivalents balance was CNY 363,434,732.29, compared to CNY 131,994,565.95 at the end of Q1 2016, showing a significant increase of approximately 174.5%[36] - Cash outflow from investing activities totaled CNY 325,559,784.60, compared to CNY 153,941,295.75 in the previous year, indicating a rise of approximately 111.1%[35]