WAZAM(SH:603186)2017-04-26 16:00Financial Performance - Operating revenue for the period was CNY 387,739,041.25, representing a 47.61% increase year-on-year[6] - Net profit attributable to shareholders was CNY 40,834,657.78, up 58.05% from the same period last year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 63.51% to CNY 38,408,187.86[6] - Basic earnings per share rose by 18.52% to CNY 0.32[6] - Total revenue for Q1 2017 reached CNY 387.74 million, an increase of 47.61% compared to CNY 262.68 million in the same period last year[11] - Gross profit margin improved due to increased sales volume of copper-clad laminates and honeycomb materials, contributing to a net profit of CNY 40.83 million, up 58.05% from CNY 25.84 million year-on-year[12] - Net profit for Q1 2017 was ¥40,834,657.78, representing a 58.0% increase compared to ¥25,836,803.66 in Q1 2016[24] - The company's operating revenue for the current period reached ¥319,977,578.38, a significant increase of 46.8% compared to ¥218,061,519.47 in the previous period[26] - The net profit for the current period was ¥32,015,512.97, representing a 48.8% increase from ¥21,503,864.38 in the previous period[27] Assets and Liabilities - Total assets increased by 3.33% to CNY 1,429,890,467.75 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 7.52% to CNY 583,930,110.16 compared to the end of the previous year[6] - Total current assets as of March 31, 2017, amounted to ¥909,181,902.86, an increase from ¥875,788,521.72 at the beginning of the year[20] - Total liabilities increased slightly to CNY 845.96 million from CNY 840.72 million, reflecting ongoing financial stability[17] - Total liabilities as of March 31, 2017, were ¥741,372,304.16, compared to ¥726,945,955.48 at the beginning of the year[21] - Non-current assets totaled CNY 386.21 million, up from CNY 370.94 million, indicating a growth of 4.10%[16] Cash Flow - The net cash flow from operating activities improved by 57.63%, reaching CNY -13,093,796.71[6] - Operating cash flow improved significantly, with a net cash outflow of CNY 13.09 million, a 57.63% reduction from CNY 30.90 million in the previous year[12] - Cash inflow from operating activities totaled ¥194,687,415.66, an increase of 45.5% compared to ¥133,855,996.35 in the previous period[29] - The net cash flow from operating activities was -¥13,093,796.71, an improvement from -¥30,902,531.24 in the previous period[29] - The company reported a cash and cash equivalents balance of ¥216,652,557.18 at the end of the period, up from ¥66,716,211.18 in the previous period[30] - The company experienced a net decrease in cash and cash equivalents of -$4,924,288.27, contrasting with an increase of $13,579,710.84 in the previous period[32] Expenses - Sales expenses increased by 32.20% to CNY 14.44 million, driven by higher shipping costs and performance-related bonuses[12] - Management expenses rose by 52.63% to CNY 23.92 million, attributed to increased R&D costs and conference expenses[12] - The company reported a significant increase in taxes and surcharges, which rose by 192.90% to CNY 2.50 million, reflecting changes in VAT accounting regulations[12] - The company incurred total operating costs of ¥251,656,938.02, which is an increase from ¥170,779,036.38 in the previous period[26] - The financial expenses for the current period were ¥2,637,539.07, compared to ¥2,037,100.87 in the previous period, indicating an increase of 29.5%[26] Shareholder Information - The number of shareholders at the end of the reporting period was 9,583[8] - The company received government subsidies amounting to CNY 2,385,952.57, which are closely related to its normal business operations[7] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[26]