Jangho(SH:601886)2017-04-27 16:00Financial Performance - Operating revenue for the period was CNY 2.66 billion, a decrease of 3.98% year-on-year[5] - Net profit attributable to shareholders increased by 5.27% to CNY 79.70 million compared to the same period last year[5] - The company reported a basic earnings per share of CNY 0.07, unchanged from the previous year[5] - Net profit attributable to the parent company for Q1 2017 was CNY 72,642,295.54, compared to CNY 80,120,268.55 in Q1 2016, reflecting a decline of 9.3%[24] - The net profit for Q1 2017 was CNY 85,950,722.52, down from CNY 100,247,248.66 in Q1 2016, representing a decline of 14.3%[26] - The total profit for Q1 2017 was CNY 112,462,117.73, compared to CNY 115,697,788.97 in the previous year, reflecting a decrease of 2.0%[26] - The company reported a significant increase in long-term prepaid expenses, rising by 99.88% to CNY 5.22 million due to the merger with Nanjing Zeming[14] Cash Flow - The net cash flow from operating activities was negative at CNY -376.93 million, an improvement from CNY -868.82 million in the previous year[5] - The cash inflow from operating activities in Q1 2017 was CNY 3,755,712,840.09, an increase from CNY 3,370,290,540.61 in the same period last year, marking a growth of 11.5%[29] - The company reported a net cash flow from operating activities of -¥376,928,755.97 for the first quarter, compared to -¥868,821,794.08 in the previous year[30] - The total cash inflow from operating activities was ¥1,172,632,892.67, down from ¥1,528,929,751.39 in the previous year[31] Assets and Liabilities - Total assets decreased by 6.42% to CNY 23.72 billion compared to the end of the previous year[5] - The total assets decreased from CNY 25.35 billion at the beginning of the year to CNY 23.72 billion, a reduction of approximately 6.43%[16] - The company’s total liabilities decreased from CNY 16.97 billion to CNY 15.26 billion, a decline of approximately 10.12%[17] - Total liabilities decreased to CNY 6,331,905,293.76 from CNY 7,216,903,846.26, indicating a reduction of approximately 12.3%[22] - Cash and cash equivalents decreased to CNY 585,191,190.91 from CNY 850,830,127.73, a decline of 31.2%[20] - Accounts receivable decreased to CNY 4,122,216,436.06 from CNY 4,566,358,254.81, a reduction of 9.7%[20] - The company’s inventory increased to CNY 2.23 billion, up from CNY 2.05 billion, indicating a 8.49% rise in stock levels[16] - Inventory increased to CNY 391,308,914.04 from CNY 380,167,155.03, reflecting a growth of 2.97%[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,873[10] - The largest shareholder, Beijing Jianghe Source Holdings Co., Ltd., held 27.35% of the shares[10] Government and Other Income - The company received government subsidies totaling CNY 5.57 million during the period[8] - Non-operating income included performance compensation of CNY 30.73 million[8] - Investment income increased by 47.32% to CNY 7.99 million, primarily due to gains from the disposal of available-for-sale financial assets[14] Financial Expenses - Financial expenses increased significantly by 334.43% to CNY 25.04 million, mainly due to substantial foreign exchange gains in the previous period[14] - The financial expenses for Q1 2017 were CNY 25,042,324.18, compared to a financial income of CNY 10,682,042.16 in Q1 2016, indicating a significant shift in financial performance[26] Taxation - Tax and additional charges decreased by 81.93% to CNY 6.39 million, attributed to the policy change from business tax to value-added tax[14] - The company incurred a tax expense of CNY 26,511,395.21 in Q1 2017, up from CNY 15,450,540.31 in the previous year, which is an increase of 71.5%[26] Comprehensive Income - The total comprehensive income for Q1 2017 was CNY 14,749,532.85, a significant decrease from CNY 160,383,345.32 in Q1 2016, reflecting a decline of 90.8%[26] - The other comprehensive income after tax for Q1 2017 was CNY -71,201,189.67, contrasting with CNY 60,136,096.64 in Q1 2016, showing a significant negative shift[26]