TKGF(SH:601233)2017-04-26 16:00Financial Performance - Net profit attributable to shareholders rose by 105.63% to CNY 321,500,314.02 year-on-year[6] - Operating revenue increased by 26.41% to CNY 6,145,214,552.36 compared to the same period last year[6] - Basic earnings per share increased by 62.50% to CNY 0.26[6] - The total comprehensive income attributable to the parent company was ¥321,771,789.43, compared to ¥156,442,109.86 in the prior year, reflecting a growth of 105.7%[28] - The net profit for Q1 2017 reached ¥95,632,270.91, representing a significant increase of 125.5% from ¥42,547,708.87 in Q1 2016[28] - The company reported an operating profit of ¥390,883,696.82 for Q1 2017, which is a 105.5% increase from ¥190,762,510.67 in Q1 2016[24] Assets and Liabilities - Total assets increased by 10.93% to CNY 21,076,712,528.67 compared to the end of the previous year[6] - The total liabilities increased to ¥4,899,022,066.58 in Q1 2017, up from ¥4,394,440,771.32 at the start of the year, marking a rise of 11.5%[21] - Cash and cash equivalents increased by 31.50% to ¥2,236,077,590.66 from ¥1,700,427,283.02, primarily due to an increase in USD deposits[11] - Accounts receivable increased by 52.29% to ¥448,014,680.72 from ¥294,191,406.88, mainly due to an increase in received notes[11] - Inventory surged by 85.57% to ¥3,875,022,178.67 from ¥2,088,228,871.26, primarily due to an increase in product inventory[11] - Short-term borrowings increased by 77.07% to ¥3,286,575,193.00 from ¥1,856,139,520.00, mainly due to an increase in RMB and USD borrowings[11] Cash Flow - Net cash flow from operating activities decreased by 52.47% to -CNY 1,062,245,585.96[6] - The cash flow from operating activities showed a net outflow of ¥1,062,245,585.96, worsening from a net outflow of ¥696,705,690.66 in the same period last year[31] - Cash inflow from investment activities totaled CNY 1,477,814,690.51, significantly up from CNY 640,471,996.91 year-over-year[34] - Net cash flow from investment activities was CNY 723,586,463.75, a turnaround from a negative CNY 512,706,779.32 in the previous year[34] - Cash inflow from financing activities was CNY 300,000,000.00, down from CNY 848,885,635.00 in the same quarter last year[34] Shareholder Information - The total number of shareholders reached 32,453[9] - The largest shareholder, Zhejiang Tongkun Holding Group Co., Ltd., holds 31.60% of the shares[9] Other Financial Metrics - The weighted average return on equity increased by 0.66 percentage points to 2.89%[6] - Financial expenses decreased by 29.81% to ¥48,682,324.24 from ¥69,360,019.07, mainly due to reduced interest expenses and exchange losses[11] - Investment income rose by 72.07% to ¥15,701,438.06 from ¥9,125,143.82, mainly due to increased financial investment returns[11] - Operating income from non-operating activities increased by 688.21% to ¥15,784,987.83 from ¥2,002,636.91, primarily due to increased government subsidies and compensation income[11] Company Developments - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company is awaiting approval from the China Securities Regulatory Commission for its non-public stock issuance, which remains uncertain[12]