Chongqing Qianli Technology(SH:601777)2017-04-24 16:00Financial Performance - Operating revenue for the period reached approximately CNY 3.38 billion, an increase of 27.46% year-on-year[6]. - Net profit attributable to shareholders of the listed company was approximately CNY 41.43 million, a decrease of 57.06% compared to the same period last year[6]. - Basic and diluted earnings per share were both CNY 0.04, down 55.56% from CNY 0.09 in the same period last year[6]. - The company reported a significant decline in net profit, indicating potential challenges in maintaining profitability moving forward[6]. - Net profit for Q1 2017 was ¥55,957,309.29, compared to ¥108,162,565.17 in the previous year, indicating a decline of 48.3%[37]. - The net profit for Q1 2017 was CNY 9,493,583.12, a decrease of 10.8% from CNY 10,639,659.05 in the previous year[41]. - The total comprehensive income for Q1 2017 was CNY 9,493,583.12, compared to CNY 10,639,659.05 in the prior year, indicating a decline[41]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 29.37 billion, a decrease of 0.04% compared to the end of the previous year[6]. - Total assets as of March 31, 2017, amounted to ¥14,093,539,741.22, slightly down from ¥14,175,437,924.37 at the beginning of the year[34]. - Total liabilities decreased to ¥6,490,533,993.65 from ¥6,581,925,759.92, a reduction of approximately 1.4%[33]. - The company's equity attributable to shareholders increased to ¥7,603,005,747.57 from ¥7,593,512,164.45, showing a slight growth of 0.1%[34]. - Cash and cash equivalents decreased to ¥712,722,921.62 from ¥986,862,290.80, a decline of 27.7%[32]. Cash Flow - The net cash flow from operating activities improved significantly, with a loss of approximately CNY 104.73 million, a 62.85% reduction in loss compared to the previous year[6]. - Net cash flow from operating activities improved by 62.85%, reaching -¥104,725,986.08[22]. - The net cash flow from operating activities for Q1 2017 was -CNY 104,725,986.08, an improvement from -CNY 281,863,188.36 in the same period last year[42]. - The net cash flow from investing activities turned positive at ¥132,371,396.31, a significant recovery from the previous period[22]. - The company’s total assets decreased, with cash flow from investment activities showing a net inflow of CNY 132,371,396.31, compared to a net outflow of -CNY 372,512,097.89 in the previous year[43]. Operating Costs and Expenses - Operating costs surged by 33.33% to ¥2,969,350,892.54, driven by rising material costs[18]. - Tax and surcharges increased significantly by 121.63% to ¥26,158,750.74, due to higher domestic vehicle sales[18]. - Asset impairment losses rose by 124.24% to ¥8,182,491.97, reflecting an increase in accounts receivable[18]. - The company incurred financial expenses of CNY 53,262,644.07 in Q1 2017, significantly higher than CNY 28,174,652.51 in the same period last year[40]. Shareholder Information - The total number of shareholders at the end of the reporting period was 72,963[10]. - The largest shareholder, Chongqing Lifan Holdings Co., Ltd., held 620,642,656 shares, representing 49.40% of the total shares, with 557,361,501 shares pledged[10]. Other Financial Metrics - Non-recurring gains and losses totaled approximately CNY 14.92 million for the period[8]. - Prepayments increased by 30.52% from the beginning of the year to a balance of ¥638,928,625.82[12]. - Other current assets rose by 32.18% to ¥813,282,815.81, primarily due to an increase in deductible VAT input tax[14]. - Investment properties decreased by 78.30% to ¥105,263,400.00, mainly due to the disposal of properties in Beibei District[15]. - Accounts payable increased by 30.00% to ¥2,278,135,757.02, attributed to higher use of notes for payment[16]. - The company reported an investment income of ¥124,720,652.28, up from ¥108,487,690.07, marking a growth of 15%[37].