VITI(SH:603023)2018-04-25 16:00Financial Performance - Total revenue for Q1 2018 reached CNY 39,211,023.37, an increase of 34.13% compared to CNY 29,234,298.92 in the same period last year[7] - Net profit attributable to shareholders was CNY 16,613,230.54, reflecting a growth of 38.50% from CNY 11,994,774.04 year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 15,228,475.10, up 49.01% from CNY 10,219,535.31 in the previous year[7] - In Q1 2018, the company's operating profit increased by 65.96% to CNY 19,319,754.99 compared to Q1 2017[14] - Total profit for Q1 2018 rose by 35.18% to CNY 19,547,647.37, reflecting a recovery in sales revenue[14] - Net profit for Q1 2018 increased by 38.50% to CNY 16,613,230.54, closely aligning with the growth in sales revenue[14] - The total comprehensive income for the current period is ¥16,613,230.54, which is an increase from ¥11,994,774.04 in the previous period[26] Earnings Per Share - Basic and diluted earnings per share were both CNY 0.05, representing a 66.67% increase from CNY 0.03[7] - Basic and diluted earnings per share both rose by 66.67% to CNY 0.05 in Q1 2018 due to the increase in net profit[14] - The basic and diluted earnings per share are both ¥0.05, up from ¥0.03 in the previous period[26] Cash Flow - Net cash flow from operating activities was negative at CNY -4,015,263.67, compared to CNY 15,632,697.07 in the same period last year[7] - Cash received from tax refunds in Q1 2018 was CNY 4,861,080.51, a 75.51% increase from the same period in 2017[14] - Cash received from other operating activities increased by 121.08% to CNY 474,339.35 in Q1 2018[14] - Cash paid to employees increased by 47.57% to CNY 8,518,911.92 due to adjustments in salary and social security bases[14] - The cash flow from operating activities shows a net outflow of ¥4,015,263.67, a significant decrease from a net inflow of ¥15,632,697.07 in the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 617,384,049.82, a slight increase of 0.02% from CNY 617,246,147.75 at the end of the previous year[7] - The total assets as of March 31, 2018, amounted to CNY 617,384,049.82, showing stability compared to the previous year[22] - The cash and cash equivalents at the end of the period amount to ¥164,712,220.86, a significant increase from ¥30,511,260.57 in the previous period[30] Investment and Other Income - Investment income received in Q1 2018 surged by 528.30% to CNY 776,728.29, attributed to an increase in bank wealth management recoveries[14] - The company reported a significant increase in accounts receivable interest, which rose by 74.64% to CNY 983,509.95, attributed to the extended holding period of bank wealth management products[13] - The company has recorded an increase in other income amounting to ¥4,861,080.51, which was not present in the previous period[25] Market Strategy - The company plans to continue expanding its market presence and enhancing product offerings in response to the recovery of sales in the new energy vehicle sector[13] - The company plans to issue convertible bonds, with the application approved by the China Securities Regulatory Commission on January 2, 2018[16] Sales Revenue - The company reported a decrease in sales revenue from the sale of goods and services, totaling ¥34,570,682.75, down from ¥48,870,442.43 in the previous period[29]