GOLDENSEA(SH:603311)2017-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 15.31% to CNY 22,710,881.58 year-on-year[11] - Operating revenue rose by 13.77% to CNY 132,105,659.46 compared to the same period last year[11] - The company reported a basic earnings per share of CNY 0.11, an increase of 22.22% compared to the previous year[7] - Total revenue for Q1 2017 was CNY 132,105,659.46, an increase of 13.8% compared to CNY 116,114,551.58 in the same period last year[22] - Operating profit for Q1 2017 reached CNY 26,118,695.84, up from CNY 23,185,256.86, reflecting a growth of 12.6%[23] - Net profit for Q1 2017 was CNY 22,792,538.63, representing a 14.2% increase from CNY 19,950,204.11 in Q1 2016[23] - The company reported a total comprehensive income of CNY 26,791,088.34 for Q1 2017, compared to CNY 21,829,113.60 in the same quarter last year, an increase of 22.1%[23] Assets and Liabilities - Total assets increased by 3.77% to CNY 884,077,821.90 compared to the end of the previous year[7] - Accounts receivable increased by 8.56% to CNY 146,353,854.16 compared to the end of the previous year[11] - Inventory increased by 11.37% to CNY 99,354,945.83 compared to the end of the previous year[11] - Current liabilities totaled RMB 153,029,831.91, up from RMB 149,108,668.04, marking an increase of about 2.00%[18] - The company's total equity attributable to shareholders reached RMB 685,829,982.81, compared to RMB 659,443,599.03 at the beginning of the year, reflecting an increase of approximately 4.00%[19] - Total assets as of the end of Q1 2017 amounted to CNY 751,592,226.94, up from CNY 734,598,181.67, marking a growth of 2.3%[22] - Total liabilities decreased slightly to CNY 146,330,643.37 from CNY 147,491,020.82, a reduction of 0.8%[22] - The total equity of the company as of Q1 2017 was CNY 605,261,583.57, an increase from CNY 587,107,160.85, representing a growth of 3.0%[22] Cash Flow - Net cash flow from operating activities decreased by 43.70% to CNY 8,516,835.44 compared to the previous year[11] - Cash inflow from operating activities amounted to CNY 133,574,921.49, an increase of 12.3% from CNY 118,273,640.14 in the previous period[27] - Cash inflow from investment activities totaled CNY 130,998,360.76, significantly higher than CNY 754,000.00 in the previous period[28] - Net cash flow from investment activities was negative at CNY -6,966,790.97, an improvement from CNY -12,769,002.93 in the previous period[28] - Cash inflow from financing activities was CNY 81,650,000.00, while cash outflow totaled CNY 85,305,257.55, resulting in a net cash flow of CNY -632,785.59[28] - The ending cash and cash equivalents balance was CNY 172,024,911.55, compared to CNY 332,251,995.32 in the previous period[28] - Total cash outflow from operating activities increased to CNY 125,058,086.05, compared to CNY 103,145,135.98 in the previous period[27] Operational Changes - The company plans to terminate the listing of its subsidiary on the National Equities Exchange and Quotations system[12] - The company transferred 62.50% of its stake in Gansu Jinhai New Materials Co., Ltd. to its controlling shareholder for a total price of RMB 63,539,625[13] - The company is focused on optimizing its asset structure through the recent stake transfer, which is expected to enhance operational efficiency[13] - The company has not indicated any major changes in its profit forecast for the upcoming reporting period[14] Cost and Expenses - The company’s sales expenses increased by 11.38% to CNY 7,888,804.25 compared to the same period last year[11] - The company’s operating costs for Q1 2017 were CNY 107,291,277.86, up from CNY 92,929,294.72, indicating a rise of 15.4%[22]