ADD(SH:603089)2017-04-24 16:00Financial Performance - Revenue for the reporting period reached CNY 186,628,510.55, representing a 32.01% increase year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 22,937,280.20, up 7.91% from the same period last year[6] - Basic and diluted earnings per share were both CNY 0.22, down 21.43% compared to the previous year[6] - Operating revenue for Q1 2017 reached ¥186,628,510.55, representing a 32.01% increase year-over-year, driven by new customer acquisitions and increased sales to domestic vehicle manufacturers[15] - Net profit for Q1 2017 was ¥23,092,068.16, representing a slight increase from ¥22,179,343.92 in Q1 2016[28] - Total comprehensive income for Q1 2017 was CNY 15,083,118.37, compared to CNY 16,536,591.87 in the previous year, indicating a decrease of 8.8%[32] Assets and Liabilities - Total assets increased by 39.77% to CNY 990,001,343.82 compared to the end of the previous year[6] - The total assets of the company reached ¥990,001,343.82, up from ¥708,328,350.33 at the beginning of the year, reflecting overall growth[19] - Total liabilities increased to ¥162,782,472.17 from ¥139,762,645.53, marking a rise of 16%[24] - Cash and cash equivalents rose to ¥193,802,842.88, up 46% from ¥132,405,178.47 at the start of the year[22] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 5,636,169.33, a decline of 22.79% year-on-year[6] - Operating cash inflow for the first quarter of 2017 was CNY 166,730,054.20, an increase of 34.8% compared to CNY 123,595,969.33 in the same period last year[37] - Net cash flow from operating activities was negative CNY 17,540,709.49, worsening from negative CNY 7,128,499.97 year-over-year[37] - The net increase in cash and cash equivalents for the period was CNY 60,035,364.41, contrasting with a decrease of CNY 42,485,904.10 in the previous year[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,710[11] - Zhejiang Zhengyu Investment Co., Ltd. held 47.17% of the shares, making it the largest shareholder[11] Investment and Expenses - The company's capital reserve increased by 225.11% to ¥344,271,402.81, reflecting the premium from the stock issuance[14] - The construction in progress surged by 93.94% to ¥27,518,058.78, indicating ongoing investments in infrastructure and production line upgrades[14] - The financial expenses increased by 821.11% to ¥1,025,699.50, primarily due to foreign exchange losses[15] - The company reported a decrease in asset impairment losses by 68.20%, amounting to ¥410,501.89, due to reduced bad debt provisions[15] Other Financial Metrics - The weighted average return on equity decreased by 2.62 percentage points to 3.90%[6] - Cash flow from financing activities amounted to CNY 277,172,100.00, compared to CNY 100,000.00 in the same period last year[36] - The company reported a tax expense of CNY 2,343,769.35 for Q1 2017, down from CNY 2,540,765.14 in the previous year, a decrease of 7.7%[32] - The company reported a decrease in operating profit to CNY 17,428,044.72 from CNY 18,136,488.89 in Q1 2016, a decline of 3.9%[31]