CSPM(SH:601858)2017-04-26 16:00Financial Performance - Operating revenue rose by 26.49% to CNY 272,674,620.85 year-on-year[6] - Net profit attributable to shareholders increased by 241.65% to CNY 16,900,366.36 compared to the same period last year[6] - Basic earnings per share reached CNY 0.02, a 200% increase from the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 16,482,931.65, a 231.14% increase year-on-year[6] - Net profit for Q1 2017 reached CNY 15,381,486.08, compared to a net loss of CNY 12,792,363.94 in Q1 2016, marking a significant turnaround[23] - Comprehensive income for Q1 2017 was CNY 15,609,620.07, compared to a comprehensive loss of CNY 12,792,363.94 in Q1 2016[24] Asset and Liability Management - Total assets increased by 25.04% to CNY 3,840,263,697.28 compared to the end of the previous year[6] - Current assets totaled ¥3,332,179,669.94, an increase of 30% from ¥2,559,406,134.51 at the start of the year[15] - Total liabilities decreased to ¥880,852,336.80 from ¥961,392,264.97, a reduction of about 8%[17] - Shareholders' equity rose to ¥2,959,411,360.48, up from ¥2,109,704,040.41, indicating an increase of approximately 40%[17] - The company’s total liabilities to equity ratio improved, indicating a stronger financial position[17] Cash Flow Analysis - The company reported a net cash flow from operating activities of CNY -181,896,962.84, a slight decrease of 0.72% compared to the previous year[6] - Cash inflow from operating activities totaled CNY 244,087,052.17, an increase from CNY 188,071,337.61 in Q1 2016[29] - The net cash flow from operating activities was -47,542,573.11 RMB, an improvement from -71,062,882.10 RMB in the previous period, indicating a 33.1% reduction in losses[32] - The total cash and cash equivalents at the end of the period reached 2,049,012,688.08 RMB, up from 1,150,276,891.19 RMB in the previous period, marking an increase of 78.1%[33] Operational Costs and Expenses - Total operating costs for Q1 2017 were CNY 283,819,630.85, up 24.6% from CNY 227,914,037.53 in Q1 2016[22] - Sales expenses for Q1 2017 were CNY 28,864,948.05, a rise of 31.8% from CNY 21,902,076.36 in the previous year[23] - Management expenses increased to CNY 46,827,434.11 in Q1 2017, up 16.8% from CNY 40,148,419.62 in Q1 2016[23] - The cash outflow for purchasing goods and services was 98,477,843.02 RMB, compared to 79,245,358.23 RMB, indicating a 24.2% increase in operational costs[32] Investment and Financing Activities - The company received a government subsidy of CNY 27,373,297.27 related to VAT refunds, contributing to the increase in non-operating income[13] - Cash inflow from financing activities totaled 849,120,000.00 RMB, with no previous period comparison available, reflecting strong capital raising efforts[32] - The company received 849,120,000.00 RMB from investment absorption, with no previous period comparison, highlighting a strong influx of capital[32] Market and Product Development - The company has not disclosed any significant new product developments or market expansion strategies in this report[13] - The company is focusing on expanding its market presence and enhancing its product offerings through new technology developments[16]