Linyang Energy(SH:601222)2017-04-21 16:00Financial Performance - Operating revenue for the period was CNY 654,940,310.27, down 2.34% year-on-year[5] - Net profit attributable to shareholders was CNY 133,197,632.66, an increase of 28.14% compared to the same period last year[5] - Basic earnings per share increased by 14.29% to CNY 0.08 from CNY 0.07 in the same period last year[5] - The company's net profit for the first quarter is not explicitly stated, but there is a warning regarding potential significant changes compared to the previous year[11] - Net profit for Q1 2017 reached CNY 137,700,780.14, an increase of 25.1% compared to CNY 110,110,167.62 in Q1 2016[22] - The net profit attributable to shareholders of the parent company was CNY 133,197,632.66, up from CNY 103,947,959.41 in the same quarter last year, representing a growth of 28.0%[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,862,766,715.91, a decrease of 1.19% compared to the end of the previous year[5] - The company reported a decrease in net assets attributable to shareholders of 1.65% compared to the end of the previous year[5] - The total liabilities of the company were CNY 4.41 billion, slightly up from CNY 4.40 billion at the beginning of the year[14] - The equity attributable to the parent company decreased to CNY 8.33 billion from CNY 8.47 billion, a decline of 1.57%[14] - The company's total assets as of the end of the reporting period were CNY 9,271,882,895.29, an increase from CNY 9,093,776,945.36 at the beginning of the year[18] - Current assets totaled CNY 2,701,356,143.46, up from CNY 2,373,799,109.85 at the start of the year, reflecting a growth of 13.8%[18] - Current liabilities amounted to CNY 1,380,417,630.13, slightly up from CNY 1,368,815,075.99 at the beginning of the year[18] Cash Flow - Net cash flow from operating activities was CNY 94,311,811.14, a significant improvement from a negative CNY 337,888,526.09 in the previous year, representing a 127.91% increase[5] - Cash flow from operating activities generated a net amount of ¥94,311,811.14, a significant improvement from a net outflow of ¥337,888,526.09 in the previous period[29] - Cash flow from investing activities resulted in a net outflow of ¥731,133,439.74, compared to a net outflow of ¥328,090,273.76 in the previous period[30] - Cash flow from financing activities generated a net inflow of ¥670,368,838.75, up from ¥201,814,353.18 in the previous period[30] - The net increase in cash and cash equivalents for the period was ¥170,759,145.75, contrasting with a decrease of ¥291,609,661.09 in the previous period[32] Shareholder Information - The total number of shareholders was 67,509 at the end of the reporting period[8] - The largest shareholder, Qidong Huahong Electronics Co., Ltd., held 40.14% of the shares, amounting to 708,068,730 shares[8] Other Financial Metrics - The weighted average return on equity decreased by 0.51 percentage points to 1.55%[5] - Non-recurring gains and losses totaled CNY -806,367.37 for the period[6] - The company's financial expenses rose significantly by 165.74% to CNY 15.60 million, mainly due to increased interest payments on bank loans[13] - The company reported a decrease in other income by 88.83% to CNY 2.46 million, primarily due to reduced government subsidies[13] - The company's cash and cash equivalents decreased to CNY 2.40 billion from CNY 2.78 billion, reflecting a decline of 13.87%[13] - Short-term borrowings increased by 30.94% to CNY 788.16 million from CNY 601.91 million, primarily due to increased bank loans[13] - The accounts receivable decreased to CNY 1.46 billion from CNY 1.59 billion, a reduction of 7.95%[13] - The inventory increased to CNY 369.18 million from CNY 299.38 million, representing a growth of 23.26%[13]