WXHS(SH:603090)2017-04-26 16:00Financial Performance - Operating revenue rose by 29.54% to CNY 68,437,084.66 year-on-year[6] - Net profit attributable to shareholders decreased by 21.68% to CNY 6,586,707.25 compared to the same period last year[6] - Basic earnings per share fell by 36.36% to CNY 0.07 compared to CNY 0.11 in the previous year[6] - The company reported a net profit excluding non-recurring items of CNY 5,825,615.77, down 25.72% year-on-year[6] - Net profit for the current period was ¥6,713,966.34, a decrease of 20.1% compared to ¥8,409,632.83 in the previous period[24] - Operating profit decreased to ¥7,570,994.71, down 22.0% from ¥9,695,158.00 in the previous period[24] - The company reported a total comprehensive income of ¥6,878,436.29, down from ¥9,213,020.19 in the previous period[25] Cash Flow - Net cash flow from operating activities was negative at CNY -3,942,429.99, a decline of 166.40% year-on-year[6] - The net cash flow from operating activities was -3,935,100.37 RMB, compared to 5,937,423.32 RMB in the previous period, indicating a decline in operational performance[34] - Cash inflow from operating activities totaled 71,921,701.88 RMB, up from 60,017,020.66 RMB in the previous period[34] - The company reported a total cash outflow of 75,856,802.25 RMB from operating activities, compared to 54,079,597.34 RMB in the previous period[34] - The net cash flow from investment activities was -43,045,406.25 RMB, significantly higher than the previous period's -11,143,997.32 RMB, reflecting increased investment outflows[35] Assets and Liabilities - Total assets increased by 10.49% to CNY 572,295,318.40 compared to the end of the previous year[6] - Current assets decreased to CNY 342,210,199.74 from CNY 396,161,905.48, a decline of about 13.6%[17] - Total liabilities rose to CNY 106,910,961.59 from CNY 64,674,092.73, marking an increase of about 65.4%[18] - Owner's equity increased to CNY 465,384,356.81 from CNY 453,295,780.26, showing a growth of approximately 2.7%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,179[9] - The top ten shareholders held a combined 78.75% of the shares, with the largest shareholder holding 54.68%[10] Operational Costs and Expenses - The operating cost increased by 40.49% to 47,924,232.37, up from 34,111,170.09, primarily due to increased sales volume and rising raw material prices[12] - The company’s sales expenses rose by 87.93% to 4,137,301.66, reflecting increased sales volume and the acquisition of Wuxi Guanyun[13] - The company experienced an increase in management expenses to ¥8,378,741.55, up from ¥6,501,417.60 in the previous period[24] Inventory and Receivables - The company reported a significant increase in inventory, which rose by 31.08% to 47,851,818.24, attributed to the acquisition of Wuxi Guanyun Heat Exchanger Co., Ltd.[12] - Accounts receivable increased to CNY 102,066,523.91 from CNY 79,041,769.17, reflecting a growth of about 29.1%[17] - Other receivables increased by 148.94% to 294,749.85, compared to 118,400.79, due to an increase in cash advances[12] Acquisitions - The company completed the acquisition of 90% of Wuxi Guanyun Heat Exchanger Co., Ltd., which has been officially registered and licensed[14] - The company’s fixed assets increased by 53.75% to 65,171,101.02, driven by the acquisition of Wuxi Guanyun[12] Financial Ratios - The weighted average return on net assets decreased by 2.10 percentage points to 1.44%[6] - The company recorded an asset impairment loss of ¥280,100.64, compared to a gain of ¥177,503.45 in the previous period[24]