HUATIE(SH:603300)2017-05-25 16:00Financial Performance - Operating revenue surged by 103.01% to CNY 148,813,550.56 from CNY 73,302,771.86 year-on-year[5] - Net profit attributable to shareholders increased by 37.73% to CNY 22,263,710.49 compared to CNY 16,165,065.77 in the same period last year[5] - Basic earnings per share rose by 50.00% to CNY 0.06 from CNY 0.04[5] - Operating profit for Q1 2017 was ¥72,973,052.51, up from ¥19,704,810.28, reflecting a growth of 269.5% year-over-year[25] - Net profit for Q1 2017 was ¥55,071,868.04, compared to ¥16,082,423.71 in Q1 2016, marking an increase of 242.5%[25] - The company's operating revenue for the current period reached ¥73,099,062.38, an increase of 24.9% compared to ¥58,586,953.26 in the previous period[27] - The total profit amounted to ¥10,152,654.59, a decrease of 27.3% from ¥13,948,581.18 in the previous period[27] Assets and Liabilities - Total assets increased by 3.71% to CNY 4,636,531,512.36 compared to the end of the previous year[5] - The total assets increased to ¥4,636,531,512.36 from ¥4,470,691,200.09, reflecting growth in both current and non-current assets[17] - Current assets totaled ¥499,451,593.65, an increase of 9.8% from ¥454,984,999.14 at the start of the year[21] - Total liabilities increased to ¥1,036,862,495.82 from ¥995,698,105.19, reflecting a rise of 4.5%[22] - Long-term borrowings increased by 50.31% to ¥245,000,000.00 from ¥163,000,000.00, primarily due to business development needs[13] Cash Flow - Cash flow from operating activities improved by 20.06%, reducing the loss to CNY -619,371,335.35 from CNY -774,778,592.79[5] - The company's operating cash inflow was ¥305,604,707.54, significantly higher than ¥96,249,646.78 in the previous period, indicating strong cash generation[30] - The net cash flow from operating activities was -¥619,371,335.35, an improvement from -¥774,778,592.79 in the previous period[31] - Cash received from sales of goods and services increased by 170.79% to ¥251,666,550.81 from ¥92,936,581.98, mainly due to the expansion of financing leasing business[14] - Cash inflow from financing activities totaled $343,432,000.00, up from $201,869,967.12 year-over-year[33] Shareholder Information - The total number of shareholders reached 84,478 at the end of the reporting period[11] - The largest shareholder, Hu Danfeng, holds 21.83% of the shares, amounting to 88,466,000 shares[11] Investment and Costs - Investment income surged by 341.90% to ¥1,768,867.92 from ¥400,287.38, mainly due to investment income received from the subsidiary Huatie Leasing[14] - Operating costs increased by 55.43% to ¥49,062,284.26 from ¥31,564,909.86, primarily due to costs associated with installation and financing leasing[14] - The company incurred total operating expenses of ¥55,811,920.49, up from ¥38,668,878.62 in the previous period, indicating increased operational costs[27] Future Plans - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[27] - The company has not disclosed any new product developments or market expansion strategies in this report[5]