2017-04-26 16:00Financial Performance - Operating revenue decreased by 11.74% to CNY 2.66 billion from CNY 3.02 billion in the same period last year[8] - Net profit attributable to shareholders decreased by 40.33% to CNY 52.32 million compared to CNY 87.69 million in the previous year[8] - Basic earnings per share decreased by 30.36% to CNY 0.0647 from CNY 0.0929 in the same period last year[8] - The weighted average return on equity decreased by 0.64 percentage points to 1.32%[8] - The company reported a total profit of CNY 40,547,501.68, down 31.6% from CNY 59,313,713.41 in the previous year[30] - Net profit for Q1 2017 was CNY 34,405,016.86, down 31.7% from CNY 50,437,057.04 in Q1 2016[30] Cash Flow - The net cash flow from operating activities was negative at CNY -315.07 million, a decrease of 224.55% compared to the previous year[8] - Cash flow from operating activities showed a significant decline of 224.55%, resulting in a net outflow of RMB 31,507,000 due to decreased product revenue[13] - The net cash flow from operating activities was -315,066,590.44 RMB, a significant decline compared to 252,971,498.09 RMB in the previous period, indicating a negative performance in cash generation from core operations[33] - Total cash inflow from operating activities was 2,172,484,857.50 RMB, while cash outflow was 2,487,551,447.94 RMB, resulting in a net cash outflow of 315,066,590.44 RMB[33] - The total cash inflow from operating activities decreased by approximately 23.2% compared to the previous period, highlighting a decline in operational efficiency[36] - The company reported a significant drop in sales cash receipts, totaling 1,448,686,086.02 RMB, down from 2,040,471,680.28 RMB, reflecting a decrease of about 29%[36] Assets and Liabilities - Total assets increased by 4.80% to CNY 13.85 billion compared to the end of the previous year[7] - The company’s total assets increased to RMB 8,143,964,172.21 from RMB 7,611,653,175.14, showing growth in overall asset base[17] - Total liabilities rose to CNY 8,274,225,111.40 from CNY 7,706,874,992.26, an increase of 7.4%[19] - Current liabilities totaled CNY 7,347,958,521.14, up from CNY 5,990,219,536.09, marking a 22.6% increase[19] - Non-current liabilities decreased to CNY 926,266,590.26 from CNY 1,716,655,456.17, a decline of 46.0%[19] - The company’s total liabilities included a 2321.50% increase in current non-current liabilities, amounting to RMB 83,348,000, as company bonds were reclassified[12] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,851, with 36,479 being A-share holders[11] - The largest shareholder, China Yituo Group Co., Ltd., holds 41.24% of the shares[11] Inventory and Receivables - Accounts receivable increased by 88.83% to RMB 127,333,000 compared to the beginning of the period due to the sales peak season[12] - Inventory rose by 51.84% to RMB 154,074,000 as the company increased stock in preparation for the sales peak[12] - Inventory increased to CNY 499,369,811.86 from CNY 471,316,763.14, reflecting a growth of 5.9%[22] Income and Expenses - The company reported a 52.95% decrease in interest income, totaling RMB 2,790,000, attributed to a reduction in discounting business[13] - The investment income decreased by 49.84% to RMB 960,000, reflecting a reduction in financial asset investment returns[13] - The company received government subsidies, leading to a 56.04% increase in non-operating income, totaling RMB 852,000[13] - The company’s interest expenses decreased by 93.18% to RMB 205,000, reflecting lower debt servicing costs[12] - Operating costs decreased to CNY 2,023,610,086.81 from CNY 2,100,083,223.58, reflecting a reduction of 3.6%[29] - The company reported a decrease in interest income to CNY 27,904,284.95 from CNY 59,301,052.78, a decline of 52.8%[25] Other Financial Metrics - The company reported a total of CNY 11.72 million in non-recurring gains and losses for the period[9] - The company has not disclosed any new product developments or market expansion strategies in this report[4] - The company recorded a fair value change gain of CNY 4,197,000.00, compared to no gain in the previous year[29] - Other comprehensive income after tax was CNY 1,153,450.00, compared to a loss of CNY 4,400,025.00 in the previous year[30] - The company experienced a decrease in sales expenses to CNY 30,161,618.60 from CNY 42,337,880.74, a reduction of 28.7%[29]