Tianlong Corporation(SH:603266)2017-04-28 16:00Financial Performance - Operating revenue rose by 17.17% to CNY 217,036,238.01 year-on-year[5] - Net profit attributable to shareholders increased by 6.77% to CNY 20,089,237.12 compared to the same period last year[5] - Basic and diluted earnings per share decreased by 8.00% to CNY 0.23[5] - Total revenue for Q1 2017 was CNY 217,036,238.01, an increase of 17.15% compared to CNY 185,228,390.86 in the same period last year[28] - Net profit for Q1 2017 reached CNY 27,060,972.88, significantly up from CNY 4,280,507.39 in Q1 2016, representing a growth of 532.5%[33] - Operating profit for Q1 2017 was CNY 27,675,602.71, compared to CNY 5,094,519.95 in Q1 2016, indicating a year-over-year increase of 444.5%[33] - The company reported a total profit of CNY 27,892,194.93 for Q1 2017, up from CNY 5,006,979.60 in the previous year, marking a growth of 457.5%[33] Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 69,205.81, compared to a loss of CNY 10,392,066.38 in the previous year[5] - Cash flow from operating activities was CNY 222,035,614.41 in Q1 2017, an increase from CNY 189,665,619.68 in Q1 2016, reflecting a growth of 17.0%[35] - Operating cash inflow for Q1 2017 was CNY 227,470,156.02, an increase from CNY 195,679,430.45 in the previous period, representing a growth of approximately 16.4%[36] - Net cash flow from operating activities was CNY 69,205.81, a significant recovery from a net outflow of CNY 10,392,066.38 in the previous period[36] - Total cash inflow from financing activities reached CNY 358,650,000.00, compared to CNY 83,000,000.00 in the previous period, indicating a substantial increase of over 331%[36] - Net cash flow from financing activities was CNY 239,213,479.15, a notable rise from CNY 20,622,413.17 in the previous period[37] - The company experienced a net increase in cash and cash equivalents of CNY 39,142,342.02, contrasting with a decrease of CNY 4,941,088.78 in the previous period[37] Assets and Liabilities - Total assets increased by 30.66% to CNY 956,449,471.95 compared to the end of the previous year[5] - The company's total assets increased, with cash and cash equivalents being a significant contributor to the overall asset growth[21] - The company's total liabilities decreased significantly, with short-term borrowings dropping by 98.89% to RMB 1,000,000.00 as a result of repaying working capital loans[15] - Total liabilities decreased to CNY 169,187,229.57 from CNY 286,993,526.22, a reduction of 41.06%[23] - Current liabilities totaled CNY 166,879,727.64, down from CNY 284,528,401.74, a decrease of 41.49%[23] - Owner's equity increased significantly to CNY 787,262,242.38 from CNY 445,030,297.90, reflecting a growth of 76.83%[23] Shareholder Information - The total number of shareholders reached 10,022 at the end of the reporting period[10] - The largest shareholder, Zhejiang Antai Holding Group Co., Ltd., holds 49.07% of the shares[11] Government Subsidies and Other Income - The company recognized government subsidies amounting to CNY 1,002,525.05 related to the identification of a high-tech enterprise[7] - Non-operating income included CNY 30,433.95 from other sources[8] - Operating income showed a substantial increase, with non-operating income rising by 587.32% to RMB 1,088,537.67, attributed to increased government subsidies[16] Investment and Capital - The capital reserve increased by 693.24% to RMB 337,644,348.99, mainly due to the premium from the issuance of new shares[15] - The company reported a significant increase in capital reserve to CNY 337,644,348.99 from CNY 42,565,082.04, a growth of 691.73%[23] - The company received CNY 337,650,000.00 from investment absorption, marking a strong inflow compared to the previous period[40] Inventory and Receivables - Accounts receivable increased to CNY 93,936,208.39 from CNY 76,567,763.02, a growth of 22.73%[24] - Inventory decreased to CNY 64,751,272.02 from CNY 71,523,753.35, a decline of 9.46%[25]