SNAT(SH:600841)2017-04-27 16:00Financial Performance - Total revenue for Q1 2017 reached RMB 791,724,075.52, representing a 26.81% increase compared to RMB 624,362,676.87 in the same period last year[7] - Net profit attributable to shareholders was RMB 29,771,820.97, up 17.34% from RMB 25,371,698.17 year-on-year[7] - The weighted average return on equity increased by 0.11 percentage points to 0.84% from 0.73%[7] - Total operating revenue increased to ¥791.72 million, up 27% from ¥624.36 million in the previous period[24] - Net profit reached ¥29.53 million, representing a 18% increase compared to ¥24.96 million in the same period last year[24] - Basic earnings per share improved to ¥0.034, compared to ¥0.029 in the previous period[25] - The company reported a total comprehensive income of ¥30.19 million, up from ¥17.38 million in the previous period[25] Cash Flow - Cash flow from operating activities showed a net outflow of RMB 89,448,082.08, an improvement from a net outflow of RMB 140,381,648.34 in the previous year[7] - Operating cash flow for Q1 2017 was negative at -94,405,032.78 RMB, an improvement from -156,262,195.08 RMB in the same period last year[34] - Cash inflow from operating activities totaled 594,538,220.40 RMB, compared to 435,824,297.17 RMB in Q1 2016, reflecting a growth of approximately 36.4%[34] - Cash outflow from operating activities was 688,943,253.18 RMB, an increase from 592,086,492.25 RMB year-over-year[34] - Cash flow from investment activities generated a net inflow of ¥278.13 million, compared to a net outflow of ¥36.73 million in the previous period[30] - Investment activities generated a net cash flow of 287,183,733.50 RMB, a significant recovery from -14,198,430.02 RMB in the previous year[34] - The company received 300,012,540.00 RMB from investment recoveries, a substantial increase from 5,310.00 RMB in Q1 2016[34] - The total cash inflow from investment activities was 303,297,493.84 RMB, compared to only 54,027.02 RMB in the previous year[34] Assets and Liabilities - Total assets at the end of the reporting period were RMB 5,898,447,079.00, a 3.41% increase from RMB 5,704,131,757.49 at the end of the previous year[7] - Total current assets increased to CNY 4,036,280,241.14 from CNY 3,841,086,874.40, representing a growth of approximately 5.1%[17] - Total liabilities rose to CNY 2,332,872,656.93 from CNY 2,168,751,221.72, an increase of about 7.6%[18] - Total equity increased to CNY 3,565,574,422.07 from CNY 3,535,380,535.77, reflecting a growth of approximately 0.9%[18] - Accounts receivable increased significantly to CNY 711,164,431.70 from CNY 207,197,863.69, marking a growth of approximately 243.5%[17] - The company’s accounts payable increased to CNY 700,237,430.18 from CNY 644,882,008.47, representing a growth of approximately 8.6%[18] Expenses - Sales expenses rose by 47.59% year-on-year, primarily due to increased after-sales service costs associated with higher diesel engine sales[12] - Total operating costs rose to ¥806.29 million, a 28% increase from ¥631.66 million year-over-year[24] Shareholder Information - The number of shareholders reached 51,401, with the top ten shareholders holding a combined 48.05% of the shares[10] Government Support - The company received government subsidies amounting to RMB 2,600,000.00, closely related to its normal business operations[7] Investment and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]