Whirlpool (China) (SH:600983)2017-04-25 16:00Financial Performance - Total revenue for Q1 2017 was CNY 2,053,402,175.78, representing a 10.61% increase compared to CNY 1,856,437,770.40 in the same period last year[9] - Net profit attributable to shareholders decreased by 24.29% to CNY 116,090,617.02 from CNY 153,340,409.03 year-on-year[9] - Basic earnings per share fell by 25.00% to CNY 0.15 from CNY 0.20 year-on-year[9] - The company reported an operating profit of CNY 132,860,948.38, down from CNY 171,453,305.93, a decrease of 22.5% year-over-year[33] - Net profit for Q1 2017 was CNY 97,054,570.30, down 25.2% from CNY 129,770,671.19 in Q1 2016[37] Cash Flow - The net cash flow from operating activities improved significantly, with a net cash outflow of CNY -1,085,212.98, an 82.23% improvement from CNY -6,106,705.76 in the previous year[9] - Cash flow from operating activities showed a net outflow of CNY 1,085,212.98, an improvement from a net outflow of CNY 6,106,705.76 in Q1 2016[40] - Cash inflow from operating activities totaled RMB 1,783,691,396.66, compared to RMB 1,583,390,106.22 in the prior period, reflecting an increase of approximately 12.66%[42] - Cash outflow from operating activities was RMB 1,742,175,027.06, up from RMB 1,604,559,735.63, indicating a rise of about 8.58%[42] - Cash flow from investment activities showed a net inflow of RMB 185,825,661.95, compared to a net outflow of RMB 14,508,616.52 in the previous period[43] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,225,727,833.20, a decrease of 0.75% from CNY 9,295,776,293.00 at the end of the previous year[9] - Current liabilities totaled CNY 4,397,150,184.19, down from CNY 4,573,492,376.27, representing a decrease of about 3.8%[25] - The company's total equity increased to CNY 4,476,923,839.43 from CNY 4,379,869,269.13, reflecting a growth of 2.2%[30] - Total liabilities decreased to CNY 4,102,446,238.26 from CNY 4,196,347,791.39, indicating a reduction of approximately 2.2%[30] Investments - The company invested approximately 300 million in financial products, marking a 500.00% increase compared to the previous period[17] - Cash payments for fixed assets and other long-term assets rose by 261.35% to approximately 168.46 million, driven by investments in new industrial parks and smart factories[17] - The company recovered RMB 630,000,000.00 from investments, a substantial increase from RMB 60,000,000.00 in the prior period[42] Shareholder Information - The number of shareholders at the end of the reporting period was 27,133[13] - The company has committed to prioritize procurement from its parent group under equal conditions, enhancing operational synergy[20] Operating Costs and Expenses - Total operating costs for Q1 2017 were CNY 1,923,547,987.17, up from CNY 1,685,858,491.87, reflecting a year-over-year increase of 14.1%[33] - Sales expenses increased to CNY 343,784,388.28 in Q1 2017, up from CNY 309,724,628.72 in Q1 2016, representing an increase of 10.9%[36] - The company reported a tax expense of CNY 14,151,555.39 for Q1 2017, down from CNY 20,067,869.84 in Q1 2016, indicating a decrease of 29.5%[37] Other Financial Metrics - The weighted average return on equity decreased by 13.20 percentage points to 2.63% from 3.03%[9] - The company reported a significant increase in prepayments to CNY 183,870,923.51 from CNY 141,261,621.72, marking a growth of approximately 30.1%[24] - The company received approximately 29.19 million in tax refunds, a decrease of 41.73% compared to the previous year, mainly due to reduced export tax rebates[16]