Baosight(SH:600845)2017-04-19 16:00Financial Performance - Net profit attributable to shareholders was CNY 82,814,578.87, representing an increase of 8.45% year-on-year[6]. - Operating revenue reached CNY 947,255,825.56, reflecting an 11.43% growth compared to the same period last year[6]. - Basic earnings per share were CNY 0.106, an increase of 9.28% compared to the previous year[6]. - Net profit for Q1 2017 reached CNY 87,106,932.68, representing a 13.45% increase from CNY 77,073,839.97 in Q1 2016[30]. - Earnings per share for Q1 2017 were CNY 0.106, compared to CNY 0.097 in the same quarter last year, reflecting a growth of 9.27%[31]. - The total comprehensive income for Q1 2017 was CNY 87,271,922.64, up from CNY 77,321,307.66 in the same quarter last year[31]. Cash Flow - The net cash flow from operating activities was CNY 312,503,761.90, up 72.79% year-on-year[6]. - Cash generated from operating activities was CNY 1,162,243,795.30, an increase of 29.19% compared to CNY 899,443,654.18 in the same period last year[36]. - Operating cash inflow totaled CNY 1,192,525,293.46, an increase of 23.8% compared to CNY 963,123,904.09 in the previous period[37]. - Cash inflow from operating activities was CNY 1,063,148,670.81, reflecting a 23.9% increase from CNY 857,702,994.99 year-over-year[41]. - The net cash flow from investment activities improved by ¥160,439,909.06, moving from -¥313,510,846.85 to -¥153,070,937.79[15]. - The net cash flow from financing activities was ¥8,252,013.51, a significant recovery from -¥2,459,044.36 in the previous year[15]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,723,169,474.40, a decrease of 1.68% compared to the end of the previous year[6]. - Current assets totaled ¥4,999,049,316.18, a decrease of 2.01% from the beginning of the year[21]. - Total liabilities amounted to ¥2,491,883,214.89, a decrease of 3.80% from ¥2,590,643,867.12[23]. - The company's equity attributable to shareholders decreased to ¥4,130,172,380.39, down 0.46% from ¥4,149,021,203.92[23]. - Total liabilities as of Q1 2017 amounted to CNY 2,177,108,036.97, a decrease of 3.08% from CNY 2,246,760,371.65 in the previous year[30]. Shareholder Information - The number of shareholders at the end of the reporting period was 42,318[11]. - The largest shareholder, Baoshan Iron & Steel Co., Ltd., held 55.50% of the shares[11]. Operational Insights - The company attributed the increase in operating cash flow to better risk control and credit management, as well as improved collection of receivables[15]. - The company plans to continue enhancing the quality of new contracts while increasing the recovery of existing accounts receivable[15]. - The company has committed to not engaging in competitive activities that threaten its core business, ensuring compliance with legal and regulatory frameworks[16]. - The company has made commitments to uphold shareholder interests and maintain fair trading practices in all transactions[17]. Inventory and Receivables - Accounts receivable decreased to ¥1,917,858,799.49, down 7.78% from ¥2,079,220,431.81[21]. - Inventory stood at ¥739,116,967.78, a minor decrease of 0.64% from ¥744,594,360.01[21]. - Operating income from government grants decreased by 67.97%, from ¥17,632,945.46 to ¥5,648,704.11 due to fewer project completions[15].