WLCSP(SH:603005)2017-04-14 16:00Financial Performance - Operating revenue for the period was CNY 132,015,188.41, representing a year-on-year growth of 7.71%[8] - Net profit attributable to shareholders was CNY 23,283,752.02, an increase of 44.71% compared to the same period last year[8] - Total profit increased by 48.36% to ¥27,366,376.43 from ¥18,446,054.26 year-over-year[16] - Net profit for Q1 2017 reached CNY 23,283,752.02, representing a 44.5% increase from CNY 16,089,538.45 in Q1 2016[30] - Operating profit for Q1 2017 was CNY 22,185,782.48, compared to CNY 13,885,476.64 in Q1 2016, marking a significant increase of 59.5%[28] - The comprehensive income for Q1 2017 totaled CNY 23,267,163.72, compared to CNY 15,677,773.34 in the previous year, an increase of 48.5%[30] Cash Flow - The cash flow generated from operating activities amounted to CNY 77,089,950.27, a significant increase of 284.33% year-on-year[8] - Operating cash flow increased by 284.33% to ¥77,089,950.27 from ¥20,058,233.07 year-over-year[16] - Total cash inflow from operating activities was ¥196,886,238.30, compared to ¥139,092,914.04 in Q1 2016, indicating a year-over-year increase of about 42%[35] - The company reported a net cash flow from investment activities of ¥17,228,155.57, a turnaround from a negative cash flow of ¥12,742,651.99 in the previous year[36] - Cash and cash equivalents at the end of Q1 2017 amounted to ¥613,645,016.17, up from ¥439,753,675.37 at the end of Q1 2016, reflecting an increase of approximately 39.5%[36] - The net increase in cash and cash equivalents for Q1 2017 was ¥92,879,945.17, a substantial rise from ¥6,169,123.00 in Q1 2016[36] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,938,532,041.90, a slight increase of 0.19% compared to the end of the previous year[8] - The company's total assets as of the end of Q1 2017 amounted to CNY 1,966,533,266.03, slightly up from CNY 1,961,634,842.65 at the end of Q1 2016[26] - Total liabilities decreased to CNY 252,509,201.47 from CNY 260,533,406.79 year-over-year, a reduction of 3.1%[26] - The company's equity increased to CNY 1,714,024,064.56, up from CNY 1,701,101,435.86, indicating a growth of 0.8%[26] Shareholder Information - The company reported a total of 18,792 shareholders at the end of the reporting period[12] - The top shareholder, Engineering and IP Advanced Technologies Ltd, held 25.21% of the shares, with 57,160,964 shares pledged[12][13] Operational Metrics - Basic earnings per share increased to CNY 0.10, reflecting a growth of 42.86% compared to the previous year[8] - Earnings per share for Q1 2017 were CNY 0.10, compared to CNY 0.07 in the same quarter of the previous year[30] Changes in Accounts - Significant changes in accounts receivable were attributed to the recovery of prior period payments[14] - Accounts receivable decreased by 42.10% to ¥63,804,330.57 from ¥110,198,626.34 year-over-year[16] - Inventory levels increased due to expanded production capacity[14] - Inventory increased by 48.42% to ¥67,206,030.42 from ¥45,280,724.94 year-over-year[16] Expenses - Management expenses increased by 46.83% to ¥33,613,099.11 from ¥22,892,229.88 year-over-year[16] - Financial expenses showed a significant increase of 1929.72%, resulting in a net financial income of -¥2,207,407.34[16] - Tax expenses increased by 73.25% to ¥4,082,624.41 from ¥2,356,515.81 year-over-year[16] Investment Activities - Investment cash flow decreased by 235.20% to ¥17,228,155.57 from -¥12,742,651.99 year-over-year[16] - The company received ¥155,000,000.00 from investment recoveries, slightly down from ¥164,000,000.00 in the same quarter last year[38] - Cash outflow for capital expenditures was ¥38,089,268.83, compared to ¥24,302,190.64 in Q1 2016, representing an increase of about 56.8%[38] - The company’s total cash inflow from investment activities was ¥160,316,624.72, compared to ¥166,558,688.73 in the previous year, showing a decrease of approximately 3%[38] Foreign Exchange - The company experienced a foreign exchange loss of ¥1,438,160.67 during the quarter, compared to a loss of ¥1,146,458.08 in Q1 2016[36]