Kinwong(SH:603228)2017-04-27 16:00Financial Performance - Operating income rose by 33.01% to CNY 904,634,323.36 year-on-year[6] - Net profit attributable to shareholders increased by 46.41% to CNY 151,141,600.89 compared to the same period last year[6] - Basic earnings per share increased by 27.59% to CNY 0.37[6] - Total operating revenue for the current period reached ¥904,634,323.36, a 33% increase from ¥680,118,028.21 in the previous period[27] - Operating profit was ¥182,894,341.05, representing a 47% increase compared to ¥124,020,998.08 in the prior period[27] - Net profit attributable to the parent company was ¥151,141,600.89, a 46% rise from ¥103,230,329.67 in the same period last year[27] - The company reported a total profit of ¥186,412,863.17, up from ¥126,006,673.06 year-over-year[27] Cash Flow - Cash flow from operating activities surged by 125.42% to CNY 200,099,866.56 year-on-year[6] - Operating cash inflow for the first quarter was CNY 898,104,413.89, an increase from CNY 632,988,347.88 in the previous year, representing a growth of approximately 42%[33] - Net cash flow from operating activities was CNY 200,099,866.56, up from CNY 88,768,397.01 year-over-year, reflecting a growth of over 125%[33] - Cash inflow from operating activities for the parent company was CNY 455,579,973.70, compared to CNY 283,566,977.06 in the previous year, marking an increase of approximately 61%[35] - Cash flow from financing activities resulted in a net outflow of CNY -94,698,786.33, contrasting with a net inflow of CNY 23,065,495.65 in the previous year[34] Assets and Liabilities - Total assets increased by 5.57% to CNY 4,578,579,797.76 compared to the end of the previous year[6] - Total current assets increased to CNY 3,148,577,432.81 from CNY 2,997,322,055.86, representing a growth of approximately 5.04%[19] - Total non-current assets reached CNY 1,430,002,364.95, up from CNY 1,339,541,720.61, indicating an increase of about 6.77%[20] - Total current liabilities increased to CNY 1,482,377,606.01 from CNY 1,244,118,130.00, which is an increase of about 19.16%[21] - Total liabilities reached CNY 1,565,935,301.63, up from CNY 1,475,360,881.23, reflecting an increase of approximately 6.12%[21] - Owner's equity increased to CNY 3,012,644,496.13 from CNY 2,861,502,895.24, representing a growth of about 5.27%[21] Shareholder Information - The number of shareholders reached 24,363 at the end of the reporting period[10] - The top shareholder, Shenzhen Jinghong Yongtai Investment Co., Ltd., holds 37.26% of the shares[10] Operational Metrics - Accounts receivable increased by 55.53% to ¥320,528,318.53 due to changes in note management practices[12] - Prepayments rose by 38.73% to ¥11,231,392.15 primarily due to increased material payments[12] - Construction in progress surged by 249.71% to ¥7,308,603.01 driven by preliminary engineering investments in a new factory[12] - Operating costs increased by 30.28% to ¥610,061,840.54, with a lower growth rate compared to revenue[14] - Gross profit margin improved due to optimized order structure and cost control measures[14] Investment Activities - Investment cash flow decreased by 95.96% to -¥161,357,254.31 due to significant increases in equipment procurement payments[15] - Net cash outflow from investing activities was CNY -161,357,254.31, compared to CNY -82,340,973.21 in the same period last year, indicating a significant increase in investment expenditures[34] - Cash inflow from other investment activities was CNY 1,500,000.00, while cash outflow for investment activities totaled CNY 840,703,938.75, leading to a net cash flow of CNY -838,857,088.75[36] Tax and Expenses - Income tax expenses for the current period were ¥35,271,262.28, compared to ¥22,776,343.39 in the previous period[27] - The company experienced a decrease in financial expenses, reporting ¥2,209,142.12, down from ¥8,438,795.41 in the prior year[27] Future Outlook - The company anticipates no significant changes in cumulative net profit compared to the previous year[17] - The company is focusing on expanding its market presence and enhancing product development strategies[27]