Three-V(SH:603033)2018-04-25 16:00Financial Performance - Net profit attributable to shareholders increased by 122.65% to CNY 16,364,336.73 year-on-year[6] - Operating revenue rose by 24.52% to CNY 220,999,088.77 compared to the same period last year[6] - Basic earnings per share increased by 62.50% to CNY 0.13[6] - Total profit increased by 149.71% to ¥22,294,008.56, driven by revenue growth and higher gross margins[12] - Net profit rose by 118.93% to ¥16,090,845.84, reflecting increased revenue and gross profit[12] - Net profit for Q1 2018 reached CNY 16,090,845.84, representing a significant increase of 118.5% from CNY 7,349,663.40 in Q1 2017[22] - The total profit for Q1 2018 was CNY 24,114,293.10, compared to CNY 8,928,063.27 in the same period last year, representing a significant increase[25] - The net profit for Q1 2018 reached CNY 17,911,130.38, up from CNY 7,349,663.40 year-over-year, indicating a growth of approximately 143.5%[25] Assets and Liabilities - Total assets increased by 8.89% to CNY 1,500,621,785.66 compared to the end of the previous year[6] - Total assets as of the end of Q1 2018 were CNY 1,483,386,929.84, up from CNY 1,359,174,492.33, marking an increase of 9.1%[20] - Total liabilities for Q1 2018 were CNY 339,079,429.62, compared to CNY 232,778,122.49, reflecting a year-over-year increase of 45.5%[20] - The company’s total current assets were CNY 1,004,102,787.94, slightly up from CNY 998,106,340.54, indicating a marginal increase of 0.4%[20] Cash Flow - Net cash flow from operating activities improved by 60.95%, reaching CNY -69,845,562.19[6] - Cash flow from operating activities improved by 60.95%, with a net outflow of ¥69,845,562.19 due to reduced procurement cash expenditures[12] - Operating cash inflow for Q1 2018 was CNY 132,396,662.69, compared to CNY 106,732,874.86 in the previous year, reflecting an increase of about 24.0%[28] - The net cash flow from operating activities was -CNY 69,845,562.19, an improvement from -CNY 178,844,135.70 in the same quarter last year[28] - Total cash outflow from investing activities was CNY 179,887,329.90, significantly higher than CNY 4,574,973.86 in the previous year[28] - The company reported a net cash flow from financing activities of CNY 110,000,000.00, compared to CNY 68,798,000.00 in the same quarter last year, indicating a growth of approximately 60.0%[29] Shareholder Information - The total number of shareholders reached 10,945 by the end of the reporting period[9] - The largest shareholder, Ye Jiyue, holds 38.48% of the shares, totaling 48,860,000 shares[9] Investments and Expenses - Financial expenses rose by 62.32% to ¥1,772,873.18, attributed to increased loans and foreign exchange losses[11] - The company received government subsidies amounting to CNY 90,750.00 related to its normal business operations[8] - The company reported a non-operating income of CNY 66,000.00 from other sources[8] - The company plans to continue expanding its market presence and investing in new product development to sustain growth[21] Other Financial Metrics - The weighted average return on equity rose by 115.38% to 1.40%[6] - Cash and cash equivalents at the end of Q1 2018 totaled CNY 183,471,136.69, down from CNY 340,943,678.12 at the end of Q1 2017[29] - The company received CNY 110,000,000.00 in borrowings during Q1 2018, compared to CNY 68,798,000.00 in the same period last year, marking a 60.0% increase[29] - The company’s management expenses decreased to CNY 10,991,822.57 from CNY 13,045,206.65, a reduction of 15.7%[22] - Other receivables rose by 76.86% to ¥18,593,324.36, attributed to increased bid deposits[11] - Prepayments increased by 110.49% to ¥53,168,926.43 due to raw material purchases[11] - Construction in progress increased by 58.67% to ¥179,382,953.32 due to new engineering projects[11] - Intangible assets surged by 349.03% to ¥71,672,587.01, primarily from newly acquired land[11]