骆驼股份(601311) - 2017 Q1 - 季度财报

Important Notice This section outlines the company's commitment to report authenticity and the unaudited status of the quarterly financial statements Report Authenticity and Audit Status The company's management guarantees the report's authenticity and completeness, while noting that the quarterly financial statements remain unaudited - Company management guarantees the truthfulness, accuracy, and completeness of this quarterly report and its financial statements[8] - This company's Q1 2017 report is unaudited[8] Company Basic Information This section provides an overview of the company's key financial performance and shareholder structure for the reporting period Key Financial Data Q1 2017 saw revenue growth but a decline in net profit, especially after non-recurring items, with operating cash flow turning negative Key Financial Data for Q1 2017 | Indicator | Current Period (CNY) | Prior Year Period (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,491,868,145.16 | 1,303,848,770.62 | 14.42% | | Net Profit Attributable to Shareholders | 97,907,615.78 | 99,443,314.45 | -1.54% | | Net Profit Attributable to Shareholders (Excl. Non-Recurring Items) | 60,114,463.24 | 94,579,662.35 | -36.44% | | Net Cash Flow from Operating Activities | -250,409,894.18 | 7,734,564.78 | N/A | | Basic Earnings Per Share (CNY/share) | 0.12 | 0.12 | - | | Weighted Average Return on Net Assets (%) | 2.02 | 2.17 | Decrease of 0.15 percentage points | | Balance Sheet Indicators | End of Current Period (CNY) | End of Prior Year (CNY) | Change (%) | | Total Assets | 8,265,048,871.07 | 6,931,732,199.43 | 19.23% | | Net Assets Attributable to Shareholders | 5,122,453,801.88 | 4,833,256,472.39 | 5.98% | Non-Recurring Gains and Losses for Q1 2017 | Item | Amount (CNY) | | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | -147,765.42 | | Government Grants | 5,358,319.91 | | Gains/Losses from Entrusted Investments or Asset Management | 45,243,976.96 | | Fair Value Changes of Trading Financial Assets/Liabilities and Investment Income | 2,778,652.09 | | Other Non-Operating Income and Expenses | -2,043,960.45 | | Total | 37,793,152.54 | Shareholder Holdings The company has 34,533 shareholders, with a concentrated ownership structure where the actual controller and related entities hold over 48%, and significant share pledging among major shareholders - As of the end of the reporting period, the company had 34,533 shareholders[11] Top Ten Shareholders' Holdings | Shareholder Name | Number of Shares Held | Proportion (%) | Number of Shares Pledged | | :--- | :--- | :--- | :--- | | Liu Guoben | 226,441,028 | 26.69 | 76,500,000 | | Hubei Tuofeng Investment Co., Ltd. | 113,618,524 | 13.39 | 58,733,050 | | Hubei Tuoling Investment Co., Ltd. | 69,272,388 | 8.17 | 7,002,900 | | Liu Changlai | 28,414,380 | 3.35 | 22,566,591 | | China Securities Finance Corporation Limited | 25,466,160 | 3.00 | 0 | | Yang Shijun | 21,605,674 | 2.55 | 21,250,000 | | Wang Congqiang | 18,409,328 | 2.17 | 18,376,001 | | China Life Insurance Company Limited | 13,708,010 | 1.62 | 0 | | New China Life Insurance Company Ltd. | 11,591,071 | 1.37 | 0 | | Tan Wenping | 11,286,154 | 1.33 | 3,683,760 | - Hubei Tuofeng Investment Co., Ltd. and Hubei Tuoling Investment Co., Ltd. are controlled by the company's actual controller, Mr. Liu Guoben; additionally, some senior executives have familial relationships[12] Significant Matters This section details major financial changes and the progress of significant corporate events during the reporting period Significant Changes and Reasons for Key Financial Items The company experienced significant changes in key financial items, including substantial increases in monetary funds and debt due to convertible bond issuance, a surge in investment income, and a shift to negative operating cash flow Major Balance Sheet Changes | Item | Change Rate (%) | Explanation of Change | | :--- | :--- | :--- | | Monetary Funds | 292.67% | Primarily due to proceeds from convertible bonds | | Short-Term Borrowings | 119.78% | Primarily due to increased bank borrowings in the current period | | Interest Payable | 263.29% | Increase in current period due to accrued corporate bond interest | | Bonds Payable | 72.27% | Primarily due to the issuance of convertible bonds | | Deferred Income Tax Liabilities | 100.46% | Primarily due to increased deferred income tax liabilities recognized from fair value changes of available-for-sale financial assets | Major Income Statement and Cash Flow Statement Changes | Statement Item | Item Name | Change Rate (%) | Explanation of Change | | :--- | :--- | :--- | :--- | | Income Statement | Investment Income | 1034.31% | Primarily due to increased returns from wealth management products | | Cash Flow Statement | Net Cash Flow from Operating Activities | N/A | Primarily due to increased cash paid for goods purchased due to rising raw material prices | | Cash Flow Statement | Net Cash Flow from Investing Activities | N/A | Primarily due to increased purchases of wealth management products in the current period | | Cash Flow Statement | Net Cash Flow from Financing Activities | N/A | Primarily due to the issuance of convertible bonds | Progress of Significant Matters The company successfully issued RMB 717 million in 6-year convertible bonds in March 2017, with proceeds received and listed on the Shanghai Stock Exchange in April, providing crucial financial support - In March 2017, the company publicly issued CNY 717 million in convertible corporate bonds (referred to as "Luotuo Convertible Bonds," code "113012")[14] - The convertible bonds were listed on the Shanghai Stock Exchange on April 13, 2017, and the raised funds have been received[15] Appendix This section contains the company's financial statements and audit report status for the first quarter Financial Statements This appendix presents the company's unaudited consolidated and parent company financial statements for Q1 2017, including balance sheets, income statements, and cash flow statements Consolidated Balance Sheet As of March 31, 2017, total assets reached CNY 8.265 billion, liabilities significantly increased by 54.51% due to convertible bonds and borrowings, and equity attributable to parent company owners grew by 5.98% Consolidated Balance Sheet Summary (March 31, 2017) | Item | Period-End Balance (CNY) | Year-Beginning Balance (CNY) | | :--- | :--- | :--- | | Total Assets | 8,265,048,871.07 | 6,931,732,199.43 | | Total Liabilities | 2,943,007,836.82 | 1,904,695,859.93 | | Total Equity Attributable to Parent Company Owners | 5,122,453,801.88 | 4,833,256,472.39 | | Total Liabilities and Equity | 8,265,048,871.07 | 6,931,732,199.43 | Parent Company Balance Sheet As of March 31, 2017, the parent company's total assets reached CNY 5.457 billion, with liabilities increasing by 52.12% due to convertible bonds and borrowings, and owner's equity growing by 9.45% Parent Company Balance Sheet Summary (March 31, 2017) | Item | Period-End Balance (CNY) | Year-Beginning Balance (CNY) | | :--- | :--- | :--- | | Total Assets | 5,456,685,459.35 | 4,261,807,089.54 | | Total Liabilities | 2,823,582,478.41 | 1,856,106,561.73 | | Total Owner's Equity | 2,633,102,980.94 | 2,405,700,527.81 | | Total Liabilities and Owner's Equity | 5,456,685,459.35 | 4,261,807,089.54 | Consolidated Income Statement Q1 2017 saw total operating revenue grow by 14.42% to CNY 1.492 billion, but higher cost growth led to a slight 1.54% decrease in net profit attributable to parent company owners Consolidated Income Statement Summary (Q1 2017) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | I. Total Operating Revenue | 1,491,868,145.16 | 1,303,848,770.62 | | II. Total Operating Costs | 1,418,878,987.20 | 1,195,560,505.72 | | III. Operating Profit | 121,858,158.45 | 112,577,984.77 | | V. Net Profit | 103,714,981.01 | 103,214,105.09 | | Net Profit Attributable to Parent Company Owners | 97,907,615.78 | 99,443,314.45 | | VIII. Basic Earnings Per Share (CNY/share) | 0.12 | 0.12 | Parent Company Income Statement The parent company's Q1 2017 operating revenue surged by 339.5% to CNY 29.15 million, with significant investment income leading to a CNY 36.11 million net profit, reversing last year's loss Parent Company Income Statement Summary (Q1 2017) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | I. Operating Revenue | 29,153,018.99 | 6,633,382.71 | | Investment Income | 46,090,348.40 | 4,289,719.87 | | II. Operating Profit | 48,144,569.40 | -11,864,435.32 | | IV. Net Profit | 36,112,739.40 | -9,068,632.61 | Consolidated Cash Flow Statement Q1 2017 saw operating cash flow turn negative to CNY -250 million, investing cash flow at CNY -192 million, while financing cash flow surged to CNY 1.123 billion from bond issuance, boosting cash and equivalents to CNY 913 million Consolidated Cash Flow Statement Summary (Q1 2017) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -250,409,894.18 | 7,734,564.78 | | Net Cash Flow from Investing Activities | -191,981,731.32 | 8,244,497.22 | | Net Cash Flow from Financing Activities | 1,123,324,634.40 | -11,009,863.37 | | Net Increase in Cash and Cash Equivalents | 680,633,005.87 | 3,442,334.65 | Parent Company Cash Flow Statement The parent company's Q1 2017 operating cash flow was CNY -209 million, investing cash flow was CNY -194 million, while financing cash flow surged to CNY 1.147 billion, significantly increasing cash and equivalents to CNY 772 million Parent Company Cash Flow Statement Summary (Q1 2017) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -208,753,690.54 | -250,079,510.18 | | Net Cash Flow from Investing Activities | -194,399,386.51 | 271,798,759.86 | | Net Cash Flow from Financing Activities | 1,146,628,119.39 | -1,744,166.70 | | Net Increase in Cash and Cash Equivalents | 743,475,031.42 | 19,975,128.78 | Audit Report This quarterly financial report has not been audited - The report explicitly states that this quarterly financial report is unaudited[35]