RT(SH:603036)2017-04-26 16:00Financial Performance - Operating revenue for the reporting period was ¥42,701,013, a decrease of 21.30% year-on-year[6] - Net profit attributable to shareholders of the listed company was ¥5,291,928.97, down 49.80% compared to the same period last year[6] - Basic earnings per share decreased to ¥0.03, a decline of 57.14% compared to ¥0.07 in the same period last year[6] - Operating profit decreased by 46.18% from CNY 12,320,192.15 to CNY 6,630,251.86 due to a decline in revenue amid industry downturn[10] - Net profit fell by 47.26% from CNY 11,050,865.90 to CNY 5,827,944.97, attributed to the decrease in operating profit[10] - Total operating revenue for Q1 2017 was CNY 42,701,013.23, a decrease of 21.4% compared to CNY 54,258,779.14 in the same period last year[19] - Net profit for Q1 2017 was CNY 5,827,944.97, a decline of 47.3% compared to CNY 11,050,865.90 in Q1 2016[20] - Operating revenue for the current period is CNY 43,970,229.88, a decrease of 21.6% compared to CNY 56,074,882.16 in the previous period[22] - Net profit for the current period is CNY 6,903,626.53, down 36.5% from CNY 10,796,674.29 in the previous period[22] - Operating profit decreased to CNY 7,677,123.77, a decline of 36.5% from CNY 12,064,390.97 in the previous period[22] Cash Flow - The net cash flow from operating activities improved significantly to ¥959,394.05, a turnaround from a loss of ¥8,226,664.85 in the previous year, representing an increase of 111.66%[6] - Cash flow from operating activities improved by 111.66%, moving from a negative CNY 8,226,664.85 to a positive CNY 959,394.05, mainly due to reduced cash payments for goods[11] - Cash inflow from operating activities totaled CNY 46,793,220.60, slightly down from CNY 46,891,799.53 in the previous period[24] - Cash outflow from operating activities decreased to CNY 45,833,826.55 from CNY 55,118,464.38 in the previous period[24] - Investment activities resulted in a net cash outflow of CNY 2,755,165.00, compared to CNY 4,973,766.28 in the previous period[25] - Financing activities led to a cash outflow of CNY 5,300,000.00, with no cash inflow reported[25] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,060,217,234, an increase of 0.62% compared to the end of the previous year[6] - Total assets increased slightly from CNY 1,053,687,966.68 to CNY 1,060,217,234.00[14] - Total liabilities rose from CNY 82,193,935.77 to CNY 82,893,843.17, indicating a slight increase in financial obligations[15] - The total liabilities decreased to CNY 78,865,449.29 from CNY 84,723,981.20 at the start of the year, reflecting a reduction of 6.9%[18] - The company's total equity increased to CNY 940,896,951.40 from CNY 933,991,909.92, representing a growth of 0.9%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 42,868[9] - The largest shareholder, Cao Caihong, held 14.79% of the shares, totaling 30,069,752 shares[9] Other Financial Metrics - The weighted average return on equity fell to 0.61%, a decrease of 1.23 percentage points from the previous year[6] - The company reported non-recurring gains of ¥544,561.15 after tax adjustments[8] - The company reported a significant increase in tax and additional charges by 192.52% from CNY 287,895.82 to CNY 842,166.87 due to new tax regulations[10] - Prepayments increased by 111.86% from CNY 1,656,771.15 to CNY 3,509,975.96 due to increased advance payments to suppliers[10] - Other current assets decreased by 89.02% from CNY 1,974,050.45 to CNY 216,728.87 due to reduced input tax deductions[10] - Accounts payable rose by 42.56% from CNY 24,071,415.94 to CNY 34,315,942.18 as a result of decreased procurement payments[10] - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The cash and cash equivalents at the end of Q1 2017 were CNY 512,503,558.68, a slight decrease from CNY 517,551,554.98 at the beginning of the year[17] - The inventory level rose to CNY 134,540,001.71 from CNY 125,140,470.00, indicating an increase of 7.1%[17] - The company reported a decrease in sales expenses to CNY 2,358,348.99 from CNY 4,394,247.28, a reduction of 46.4% year-over-year[19]