Three-V(SH:603033)2017-04-28 16:00Financial Performance - Operating revenue rose by 20.94% to CNY 177,486,737.38 year-on-year[6] - Net profit attributable to shareholders decreased by 35.33% to CNY 7,431,691.65 compared to the same period last year[6] - Basic earnings per share fell by 52.94% to CNY 0.08 compared to CNY 0.17 in the previous year[6] - Weighted average return on equity decreased by 61.99% to 0.65% from 1.71% year-on-year[6] - The total revenue for Q1 2017 was 8,928,063.27 RMB, a decrease from 13,842,179.37 RMB in the previous year, representing a decline of approximately 35.5%[21] - The net profit for Q1 2017 was 7,349,663.40 RMB, down from 11,235,829.72 RMB in the same period last year, indicating a decrease of about 34.5%[21] - The basic and diluted earnings per share for Q1 2017 were both 0.08 RMB, compared to 0.17 RMB in Q1 2016, reflecting a decline of approximately 52.9%[21] Cash Flow - Cash flow from operating activities showed a significant decline of 343.39%, resulting in a negative cash flow of CNY -178,844,135.70[6] - Cash inflow from operating activities totaled 106,732,874.86 RMB, down from 127,526,714.10 RMB, a decrease of about 16.3%[23] - Cash outflow from operating activities increased to 285,577,010.56 RMB, compared to 167,862,365.06 RMB in the previous year, marking an increase of approximately 70%[24] - The net cash flow from operating activities was -178,844,135.70 RMB, worsening from -40,335,650.96 RMB in the previous year[24] - The company reported a significant increase in cash paid for purchasing goods and services, totaling 206,662,775.70 RMB, compared to 109,768,592.83 RMB in the previous year, an increase of approximately 88%[23] - The ending cash and cash equivalents balance was 340,943,678.12 RMB, down from 456,556,780.57 RMB at the beginning of the period, a decrease of about 25.3%[24] - The company did not report any cash inflow from investment activities, resulting in a net cash outflow of 4,574,973.86 RMB for the period[24] Assets and Shareholder Information - Total assets increased by 3.81% to CNY 1,338,861,554.04 compared to the end of the previous year[6] - Accounts receivable decreased by 33.1% to ¥46,368,611.71 from ¥69,396,601.01 due to increased payment of goods[11] - Inventory increased by 75.82% to ¥252,039,866.01 from ¥143,352,160.17, indicating a rise in raw material stock[11] - The total number of shareholders reached 13,798 by the end of the reporting period[9] - The largest shareholder, Ye Jiyue, holds 38.48% of the shares, totaling 34,900,000 shares[9] - Short-term borrowings increased to ¥68,993,000.00, indicating a need for temporary financing[16] Operating Costs and Expenses - Operating costs rose by 30.80% to ¥143,157,579.17 from ¥109,451,198.85, attributed to increased sales volume and rising raw material prices[20] - Management expenses increased by 36.04% to ¥13,045,206.65 from ¥9,589,061.25, reflecting higher R&D expenditures[20] - Non-operating income included CNY 109,371 from various sources[8] - The company reported a total net profit of CNY 82,028.25 after accounting for non-recurring gains and losses[10] - Other receivables rose by 33.62% to ¥6,369,952.17 from ¥4,767,223.73, driven by an increase in bid guarantee deposits[11]