GS(SH:601500)2017-04-27 16:00Financial Performance - Operating revenue rose by 62.4% to CNY 899,842,929.77 year-on-year[6] - Net profit attributable to shareholders increased by 47.30% to CNY 29,278,706.04 compared to the same period last year[6] - Operating revenue for Q1 2017 reached ¥899,842,929.77, a 62.4% increase compared to ¥554,034,643.36 in Q1 2016, driven by enhanced sales services and rising raw material prices[16] - Net profit attributable to the parent company for Q1 2017 was ¥29,278,706.04, representing a 47.0% increase from ¥19,877,357.76 in Q1 2016[29] - The company's operating revenue for Q1 2017 was ¥923,346,153.61, representing a 40% increase from ¥658,772,178.72 in the same period last year[32] - The net profit for Q1 2017 was ¥29,241,265.24, compared to ¥20,384,324.58 in Q1 2016, indicating an increase of approximately 43%[33] - The operating profit for the current period was ¥32,082,939.86, up from ¥22,627,739.16 in the previous year, reflecting a growth of about 42%[32] - The company reported a gross profit of ¥30,475,716.38 for Q1 2017, compared to ¥22,058,191.91 in Q1 2016, indicating a growth of 38.2%[29] - The total comprehensive income for Q1 2017 was ¥31,228,140.24, compared to a loss of ¥3,458,175.42 in the same period last year[33] Cash Flow - Net cash flow from operating activities decreased significantly by 96.80% to CNY 9,353,487.81[6] - Net cash flow from operating activities dropped by 96.8% to ¥9,353,487.81 in Q1 2017, primarily due to an increase in advance receipts and higher cash payments for purchases[17] - The cash flow from operating activities generated a net amount of ¥9,353,487.81, a significant decrease from ¥292,717,257.98 in the previous year[35] - The net cash flow from operating activities decreased significantly to ¥9,098,846.83 from ¥291,468,345.35, representing a decline of approximately 96.9% year-over-year[37] - Total cash inflow from operating activities was ¥909,592,618.53, down from ¥1,016,689,016.29, marking a decrease of about 10.5%[37] - The company reported a total cash inflow from other operating activities of ¥671,613.30, down from ¥2,891,206.46, indicating a decline of approximately 76.7%[37] Assets and Liabilities - Total assets increased by 5.10% to CNY 3,906,082,416.37 compared to the end of the previous year[6] - Total assets as of March 31, 2017, amounted to ¥3,906,082,416.37, up from ¥3,716,574,158.83 at the beginning of the year[20] - Total liabilities increased to ¥1,341,284,959.91, compared to ¥1,183,039,338.54 at the beginning of the year, marking a rise of 13.4%[26] - The total equity attributable to shareholders of the parent company was ¥2,564,797,456.46, up from ¥2,533,534,820.29, an increase of 1.2%[26] Cash and Cash Equivalents - Cash and cash equivalents increased by 38% to CNY 740,396,273.46 primarily due to the redemption of bank financial products[13] - Cash and cash equivalents increased to ¥680,370,695.13 from ¥372,369,290.73, reflecting a growth of 82.5%[24] - The company reported a cash and cash equivalents balance of ¥401,134,374.71 at the end of Q1 2017, an increase from ¥369,532,054.57 at the end of Q1 2016[36] - The ending balance of cash and cash equivalents increased to ¥399,553,796.38, up from ¥367,842,785.15, reflecting a growth of approximately 8.5%[38] Expenses - Operating costs increased by 68.1% to ¥772,363,564.66 in Q1 2017 from ¥459,453,549.38 in Q1 2016, primarily due to rising raw material costs[16] - Sales expenses rose by 41.6% to ¥33,186,367.26 in Q1 2017, attributed to increased logistics and transportation costs corresponding to higher product sales[16] - Management expenses increased by 35.7% to ¥55,147,438.20 in Q1 2017, mainly due to higher R&D investments[16] - The company’s sales expenses increased to ¥32,998,746.11 from ¥23,322,345.02, reflecting a rise of approximately 42%[32] - The company’s tax expenses for the current period were ¥4,482,844.22, compared to ¥3,260,386.84 in the previous year, marking an increase of about 38%[32] Financing Activities - Short-term borrowings surged by 383.33% to CNY 116,000,000.00 due to new bank loans[13] - Net cash flow from financing activities surged to ¥91,271,141.68 in Q1 2017, compared to a negative ¥52,483,858.22 in Q1 2016, driven by increased bank borrowings[18] - The company raised ¥110,000,000.00 from financing activities, a decrease of 74.6% compared to ¥432,500,000.00 in the prior period[38] - The net cash flow from financing activities improved to ¥91,271,141.68 from a negative cash flow of ¥52,483,858.22, indicating a positive shift in financing operations[38] Inventory and Other Assets - Inventory levels rose to ¥909,025,198.58, up 11.1% from ¥817,828,262.35 at the start of the year[25] - Accounts receivable increased by 42% to CNY 39,184,035.94 as some customers opted for bill settlements[13] - Other current assets decreased by 97% to CNY 3,936,133.84 due to the redemption of financial products[13]