2017-04-28 16:00Financial Performance - Net profit attributable to shareholders rose by 98.68% to CNY 3.83 billion year-on-year[8] - Operating revenue surged by 66.44% to CNY 16.88 billion compared to the same period last year[8] - Basic earnings per share increased by 96.67% to CNY 0.59 per share[8] - Total revenue reached ¥1,688,471.05 million, an increase of 66.44% driven by growth in self-owned brand sales and the development of the automotive parts, trade services, and insurance financial businesses[16] - Net profit attributable to the parent company was ¥382,857.84 million, reflecting a significant increase of 98.68% due to the factors mentioned above[16] - Operating profit for the quarter was CNY 4,178,010,539, up from CNY 2,034,891,590, marking a growth of 105.8% year-over-year[30] - The net profit for Q1 2017 reached CNY 1,760,638,910, representing a significant increase of 114.1% from CNY 821,163,971 in Q1 2016[32] Assets and Liabilities - Total assets increased by 3.19% to CNY 84.71 billion compared to the end of the previous year[8] - The company's total assets amounted to ¥84,712,233.55 million, an increase from ¥82,092,218.86 million at the beginning of the year[23] - Total liabilities decreased to ¥35,762,846.39 million from ¥37,252,780.21 million, indicating improved financial stability[23] - Long-term receivables increased by 93.78% to ¥84,169.69 million, attributed to the business expansion of GAC Leasing[16] - Total liabilities decreased to CNY 24,603,656,061 from CNY 25,888,575,541, a reduction of 4.9%[28] - The company’s total liabilities decreased from CNY 19,769,502,554 at the beginning of the period to CNY 18,496,123,576 at the end of the period[35] Cash Flow - Net cash flow from operating activities increased by 154.08% to CNY 3.49 billion year-on-year[8] - The company's cash flow from operating activities showed a significant increase, with cash paid for various taxes rising by 89.36% to ¥154,499.29 million[16] - The cash flow from operating activities was CNY 3,486,390,182, up 154.5% from CNY 1,372,179,760 in the previous year[34] - The company reported a cash flow from investing activities of -CNY 2,122,108,801, an improvement from -CNY 4,532,539,517 in Q1 2016[34] - The cash flow from financing activities showed a net outflow of -CNY 2,628,340,646, compared to a net inflow of CNY 5,488,561,310 in the same period last year[35] Shareholder Information - The number of shareholders reached 13,595, with the largest shareholder holding 60.51% of the shares[10][12] Government Support and Other Income - The company received government subsidies amounting to CNY 27.89 million during the reporting period[8] - Non-recurring gains and losses totaled CNY 30.20 million for the quarter[8] - The company reported investment income of CNY 2,321,189,715, which is an increase from CNY 1,327,881,196, reflecting a growth of 74.8%[30] - The investment income for Q1 2017 was CNY 2,068,461,049, a substantial increase from CNY 1,139,573,242 in Q1 2016[32] Operational Efficiency and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[32]