SGEG(SH:601616)2017-04-27 16:00Financial Performance - Operating revenue for the current period was ¥140,993,156.96, representing a decrease of 16.08% year-on-year[6]. - Net profit attributable to shareholders was ¥1,465,907.55, a significant recovery from a loss of ¥14,200,370.51 in the same period last year[6]. - Basic and diluted earnings per share improved to ¥0.0016 from a loss of ¥0.0152 in the previous year[6]. - Total operating revenue for Q1 2017 was CNY 140,993,156.96, a decrease of 16.1% from CNY 168,013,741.74 in the same period last year[25]. - Net profit for Q1 2017 was CNY 1,093,943.14, compared to a net loss of CNY 14,354,113.94 in Q1 2016, indicating a significant turnaround[26]. - Basic earnings per share for Q1 2017 were CNY 0.0016, recovering from a loss of CNY 0.0152 per share in Q1 2016[27]. - Total comprehensive income for the first quarter of 2017 was ¥9,815,117.14, a decrease of ¥4,978,902.66 compared to the previous period[30]. Cash Flow - Cash flow from operating activities showed a negative value of ¥11,597,539.11, a decline of 272.07% compared to the previous year[6]. - Cash inflow from operating activities was ¥169,267,706.71, down 16.7% from ¥203,370,019.18 in the same period last year[33]. - Cash outflow from operating activities totaled ¥180,865,245.82, a decrease of 8.1% from ¥196,629,813.81 in the previous year[34]. - The net increase in cash and cash equivalents for the period was ¥51,849,252.30, compared to ¥116,757,040.20 in the same period last year[35]. - Cash and cash equivalents at the end of the period amounted to ¥341,714,206.17, a decrease of 20.3% from ¥428,531,104.79 at the end of the previous period[35]. - The company received cash from other investment activities totaling ¥57,631,660.00, down from ¥120,000,000.00 in the previous year[34]. - The company experienced a foreign exchange impact on cash and cash equivalents of ¥158,250.35, compared to an impact of ¥69,913.89 in the previous year[35]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,779,885,217.25, an increase of 0.37% compared to the end of the previous year[6]. - Total assets increased from CNY 2,769,714,295.14 to CNY 2,779,885,217.25, showing a growth in the company's asset base[19]. - Total liabilities rose from CNY 398,064,409.97 to CNY 407,523,256.74, indicating an increase in financial obligations[20]. - The company's total assets as of Q1 2017 amounted to CNY 2,566,341,796.29, slightly up from CNY 2,552,645,906.93 in the previous year[24]. - Total liabilities for Q1 2017 were CNY 176,677,476.03, an increase from CNY 172,796,703.81 year-over-year[24]. - The company's equity increased to CNY 2,389,664,320.26 in Q1 2017, compared to CNY 2,379,849,203.12 in the same period last year[24]. Shareholder Information - The total number of shareholders at the end of the reporting period was 54,092[10]. - The top ten shareholders held a total of 14.03% and 13.79% of shares respectively, with the largest shareholder holding 131,253,000 shares[10]. Operational Changes - The company expects to achieve profitability by the end of the next reporting period through enhanced management and cost-saving measures[15]. - The registered capital of the wholly-owned subsidiary Shanghai Aotong Weier Power Electronics Co., Ltd. was increased from CNY 45 million to CNY 50 million[13]. - The company plans to transfer 25% equity of its subsidiary Shanghai Anyijie Enterprise Development Co., Ltd. to Ningbo Meishan Free Trade Port Zone Yijun Investment Management Center after completing the relevant capital increase[14]. Other Financial Metrics - Non-operating income included government subsidies amounting to ¥3,662,815.21[8]. - The total amount of non-recurring gains and losses was ¥4,163,825.31[8]. - Accounts receivable decreased by 36.64% from CNY 42,366,779.00 to CNY 26,844,538.95 due to an increased use of notes for payments[13]. - Prepayments increased by 125.06% from CNY 11,568,146.70 to CNY 26,035,828.88 as project stocking payments were required[13]. - Advance receipts rose by 43.57% from CNY 36,157,343.34 to CNY 51,910,919.38, indicating an increase in project advance payments[13]. - Cash and cash equivalents increased from CNY 289,864,953.87 to CNY 341,714,206.17, reflecting a positive cash flow situation[18]. - The company reported a decrease in inventory from CNY 172,589,437.98 to CNY 206,659,290.37, indicating improved inventory management[18]. - Total operating costs for Q1 2017 were CNY 161,320,138.33, down 18.0% from CNY 196,652,641.72 year-over-year[26]. - Investment income for Q1 2017 was CNY 17,269,753.91, up from CNY 13,751,587.96 in the previous year, reflecting improved performance in investments[26]. - The company reported a decrease in sales expenses to CNY 16,568,174.54 from CNY 19,349,540.69 year-over-year, indicating cost control measures[26]. - Other comprehensive income for Q1 2017 was CNY 258,585.01, compared to a loss of CNY 51,612.95 in the same period last year, showing improved financial health[27].