SPM(SH:601900)2017-04-28 16:00Financial Performance - Operating revenue for the period was CNY 1,169,241,492.70, down 7.84% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 111,160,779.60, a slight increase of 0.26% compared to the previous year[6] - Basic and diluted earnings per share were both CNY 0.14, a decrease of 12.50% from the previous year[6] - Total operating revenue for Q1 2017 was CNY 1,169,241,492.70, a decrease of 7.8% compared to CNY 1,268,671,373.33 in the same period last year[27] - Net profit for Q1 2017 reached CNY 133,698,111.10, representing an increase of 2.0% from CNY 130,990,168.29 in Q1 2016[29] - Earnings per share for Q1 2017 were CNY 0.14, compared to CNY 0.16 in the same quarter last year[29] Cash Flow - Cash flow from operating activities was CNY 71,513,117.92, a significant improvement from a negative cash flow of CNY -223,256,191.03 in the same period last year[6] - Cash generated from operating activities was CNY 1,082,671,120.47, significantly higher than CNY 715,852,587.85 in Q1 2016, indicating a growth of 51.1%[33] - The net cash flow from operating activities for Q1 2017 was ¥71,513,117.92, a significant improvement compared to a net outflow of ¥223,256,191.03 in the same period last year[34] - The company reported a cash inflow of ¥37,065,858.06 from sales of goods and services, a substantial increase from ¥38,795,804.53 in the prior year[36] - The net cash flow from operating activities for the parent company was ¥105,625,234.43, compared to a net outflow of ¥264,027,121.27 in the same quarter last year[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,572,321,151.94, a decrease of 0.43% compared to the end of the previous year[6] - The company’s total liabilities decreased by 10.66% to ¥208,536,119.16, mainly due to the reduction in employee bonuses during the reporting period[13] - The company's total liabilities decreased to CNY 2,383,126,803.75 from CNY 2,477,347,776.43, reflecting a reduction of 3.8%[24] - The company's total equity increased to ¥4,545,360,003.69 from ¥4,411,661,892.59, indicating a growth of about 3%[20] - The company's cash and cash equivalents decreased to ¥1,083,738,122.85 from ¥1,464,961,644.99, representing a decline of approximately 26%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 51,889[11] - The largest shareholder, Guangdong Publishing Group Co., Ltd., held 76.52% of the shares[11] Government Support - Government subsidies recognized in the current period amounted to CNY 9,612,409.58[8] Financial Expenses - The company's financial expenses decreased significantly, resulting in a net financial expense of -¥781,700.23, compared to -¥3,412,586.37 in the previous year[14] - The financial expenses showed a significant improvement, with a net income of CNY -781,700.23 compared to CNY -3,412,586.37 in Q1 2016[28] Inventory and Receivables - Accounts receivable increased by 9.80% to ¥908,526,807.95, attributed to recognized spring teaching material income that has not yet been collected[12] - The company's inventory decreased to ¥859,263,882.51 from ¥938,006,618.68, a decline of approximately 8%[18] Investment Activities - The company reported an investment income of CNY 8,610,985.74, down from CNY 10,021,040.35 in the previous year[28] - Total cash inflow from investment activities was ¥1,525,134,414.82, while cash outflow was ¥1,897,779,449.89, resulting in a net cash flow of -¥372,645,035.07 for the quarter[34] Asset Restructuring - The company is currently in the process of a major asset restructuring, having received feedback from the China Securities Regulatory Commission regarding its non-public issuance of shares and cash payment for asset acquisition[15]