Hangcha (SH:603298)2017-04-26 16:00Financial Performance - Operating revenue rose by 23.84% to CNY 1,600,569,330.36 year-on-year[6] - Net profit attributable to shareholders increased by 10.19% to CNY 118,150,920.94[6] - Revenue for the first quarter reached 127,548.56 million RMB, an increase of 30.06% compared to the previous period, driven by increased sales volume and rising raw material costs[13] - The company reported a significant increase in investment income, reaching 1,141.32 million RMB, up 350.67% year-over-year, attributed to the growth in purchased financial products[13] - Total operating revenue for Q1 2017 reached ¥1,600,569,330.36, an increase of 24% compared to ¥1,292,476,372.42 in the same period last year[26] - Net profit for Q1 2017 was ¥124,540,672.04, compared to ¥113,530,972.14 in Q1 2016, representing an increase of about 9%[27] - Operating revenue for Q1 2017 reached CNY 1,636,232,125.57, a 33.6% increase from CNY 1,225,004,148.94 in the same period last year[28] - Net profit for Q1 2017 was CNY 130,999,053.79, up from CNY 117,943,379.08, representing an increase of 11.0% year-over-year[29] Cash Flow and Liquidity - Cash flow from operating activities decreased by 47.58% to CNY 117,795,044.09[6] - Cash flow from operating activities increased by 53.55% to 1,649.88 million RMB, primarily due to higher interest income[14] - Cash flow from operating activities for Q1 2017 was CNY 117,795,044.09, a decrease of 47.5% compared to CNY 224,712,328.79 in Q1 2016[31] - Cash inflow from investment activities was CNY 1,231,731,775.20, significantly higher than CNY 505,733,606.77 in the previous year[31] - The net cash flow from investment activities was negative CNY 940,103,371.25, compared to negative CNY 228,347,852.48 in the same period last year[31] - The total cash and cash equivalents at the end of the period stood at $493.60 million, down from $334.83 million year-over-year[34] - The net increase in cash and cash equivalents was -$842.48 million, compared to -$64.98 million in the previous year, showing a decline of approximately 1194.5%[34] Assets and Liabilities - Total assets increased by 9.20% to CNY 5,001,623,066.14 compared to the end of the previous year[6] - The total assets of the company as of March 31, 2017, amounted to 5,001,623,066.14 RMB, compared to 4,580,434,373.55 RMB at the beginning of the year, reflecting a growth in total assets[19] - Total liabilities as of March 31, 2017, were ¥1,284,371,928.89, compared to ¥886,646,238.32 at the start of the year, marking an increase of around 45%[24] - The company's total equity reached ¥3,110,590,865.95, up from ¥2,976,072,934.10, reflecting an increase of about 4.5%[24] Shareholder Information - The number of shareholders reached 45,225 at the end of the reporting period[10] - The largest shareholder, Zhejiang Hangcha Holdings, holds 44.72% of the shares[10] Investment Activities - The company acquired goodwill of CNY 889.38 million due to the acquisition of Huzhou Dachang Engineering Machinery[12] - The company’s investment cash outflow surged to 212,900.00 million RMB, an increase of 199.73%, primarily due to the growth in purchased financial products[15] Inventory and Receivables - The company’s inventory increased to 832,935.01 million RMB, up from 757,828.40 million RMB, indicating a rise in stock levels[18] - Accounts receivable increased to ¥487,116,070.60 from ¥335,747,697.95, showing a growth of approximately 45%[22] - Inventory levels rose to ¥621,097,282.91 from ¥580,325,556.15, representing an increase of about 7%[22] Operating Costs - Total operating costs for Q1 2017 were ¥1,467,689,592.22, up from ¥1,157,442,453.76, reflecting a year-over-year increase of approximately 27%[26] - The company incurred operating costs of CNY 1,432,304,581.27 in Q1 2017, which was an increase from CNY 1,031,004,477.70 in the same period last year[28]