CTC(SH:603060)2017-04-26 16:00Financial Performance - Total revenue for Q1 2017 reached CNY 153.70 million, an increase of 23.65% compared to CNY 124.30 million in Q1 2016[7] - Net profit attributable to shareholders was CNY 15.66 million, representing a significant increase of 136.78% from CNY 6.61 million in the same period last year[7] - Basic earnings per share increased by 77.56% to CNY 0.0712 from CNY 0.0401 in the same period last year[7] - Net profit for Q1 2017 reached CNY 16,933,743.39, representing a 91.7% increase from CNY 8,834,269.59 in Q1 2016[26] - The net profit attributable to shareholders of the parent company was CNY 15,660,461.68, up 136.5% from CNY 6,613,940.63 in the previous year[26] - Earnings per share for Q1 2017 were CNY 0.0712, compared to CNY 0.0401 in Q1 2016, reflecting a 77.8% increase[27] - The total profit for the current period was ¥28,358,553.69, an increase of 62.9% from ¥17,409,496.84 in the previous period[29] Cash Flow - The net cash flow from operating activities was CNY 19.08 million, a substantial increase of 347.62% compared to CNY 4.26 million in Q1 2016[7] - Cash flow from operating activities showed improvement, contributing positively to the overall financial health of the company[24] - Operating cash flow net amount for Q1 2017 was CNY 86,642,145.64, a significant increase of 194.5% compared to CNY 29,380,238.12 in the same period last year[35] - Total cash inflow from operating activities reached CNY 292,616,822.02, up 36.0% from CNY 215,169,278.48 year-on-year[35] - The net cash flow from investment activities was CNY 121,832,907.93, a turnaround from a negative CNY 10,091,515.14 in the same quarter last year[35] - Cash and cash equivalents at the end of the period totaled CNY 494,133,674.34, up 246.5% from CNY 142,834,757.81 at the end of Q1 2016[36] - The net increase in cash and cash equivalents for the quarter was CNY 176,647,600.85, compared to CNY 37,635,116.47 in the same period last year[36] Assets and Liabilities - The company's total assets decreased by 0.99% to CNY 1.27 billion from CNY 1.28 billion at the end of the previous year[7] - Total current assets decreased to ¥777,581,144.79 from ¥800,544,785.22 at the beginning of the year[18] - Total liabilities decreased to ¥276,333,036.31 from ¥295,436,418.38 at the beginning of the year[20] - Total assets decreased to ¥1,268,131,021.43 from ¥1,280,850,660.11 at the beginning of the year[19] - Total liabilities for Q1 2017 were CNY 287,561,121.90, compared to CNY 253,701,969.36 in the same period last year, indicating a 13.3% increase[23] - Total equity increased to CNY 867,047,314.19 in Q1 2017 from CNY 841,449,085.07 in Q1 2016, marking a growth of 3.0%[23] Expenses - Sales expenses increased by 32.26% to CNY 5.01 million, attributed to higher personnel costs[13] - Financial expenses decreased by 81.54% to CNY 183,351.79, due to reduced bank loans and increased interest income[13] - Cash paid for purchasing goods and services rose by 41.33% to ¥59,586,637.09 from ¥42,162,364.82 year-on-year[15] - Cash paid for other operating activities increased by 31.02% to ¥13,805,909.04 compared to ¥10,537,052.39 in the previous year[15] - Cash paid for debt repayment increased by 259.24% to ¥33,004,010.00 from ¥9,187,200.00 in the same period last year[15] - Cash paid for dividends and interest decreased by 43.16% to ¥685,762.36 compared to ¥1,206,431.31 in the previous year[15] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]