Starry(SH:603520)2017-04-27 16:00Financial Performance - Operating revenue for the period was CNY 196,271,884.60, representing a 14.78% increase year-on-year[6] - Net profit attributable to shareholders was CNY 28,058,578.49, an increase of 11.44% compared to the same period last year[6] - The net profit for the reporting period increased by 41.38%, with income tax expenses rising to ¥8,563,966.48 from ¥6,057,528.75[12] - The company reported a significant increase in non-operating income, which rose by 405.82% to ¥3,068,810.67, mainly due to government subsidies[12] - Net profit for Q1 2017 was ¥28,501,458.27, representing a 7.5% increase from ¥26,509,810.37 in Q1 2016[21] - The net profit attributable to shareholders of the parent company was ¥28,058,578.49, compared to ¥25,178,202.47 in the previous year, marking an increase of 7.5%[21] - The company reported a total profit of ¥37,065,424.75 for Q1 2017, an increase of 13.3% compared to ¥32,567,339.12 in Q1 2016[21] Assets and Liabilities - Total assets increased by 3.14% to CNY 1,952,969,552.12 compared to the end of the previous year[6] - Total liabilities increased to ¥1,097,453,114.54 from ¥1,066,503,958.22, indicating a growth of 2.1%[16] - The total assets as of March 31, 2017, amounted to ¥1,952,969,552.12, an increase from ¥1,893,518,937.53 at the beginning of the year[15] - The company's total equity increased to ¥855,516,437.58, up from ¥827,014,979.31, reflecting a growth of 3.4%[16] - Total liabilities as of Q1 2017 amounted to ¥495,559,067.65, slightly down from ¥506,939,573.59 in the previous year[18] - Total equity increased to ¥898,241,566.46 in Q1 2017, up from ¥860,769,415.41 year-over-year, reflecting a growth of 4.4%[18] Cash Flow - Net cash flow from operating activities decreased by 41.37% to -CNY 39,735,015.41 compared to the same period last year[6] - The company's cash flow from operating activities showed a net outflow of ¥39,735,015.41, worsening by 41.37% compared to the previous year[12] - Cash flow from operating activities showed a net outflow of ¥39,735,015.41, worsening from a net outflow of ¥28,106,879.42 in the same period last year[25] - Cash and cash equivalents at the end of Q1 2017 were ¥97,565,291.48, a significant decrease from ¥389,529,655.64 at the end of Q1 2016[25] - The ending cash and cash equivalents balance was CNY 87,373,422.08, down from CNY 384,598,434.06 in the previous period[27] Expenses and Costs - Total operating costs for Q1 2017 were ¥162,399,140.52, up 17.0% from ¥138,838,070.14 year-over-year[20] - Research and development expenses increased by 285.49% year-on-year, reaching ¥3,711,008.94, attributed to the capitalization of qualifying R&D projects[12] Receivables and Inventory - Accounts receivable increased by 67.46% to CNY 172,582,792.45 due to increased sales revenue[11] - Inventory decreased from ¥299,011,323.60 to ¥271,266,172.81, a reduction of 9.3%[15] Cash Inflows and Outflows - Cash inflow from investment activities totaled CNY 123,214,582.33, significantly up from CNY 61,733.00 in the previous period[26] - Net cash flow from investment activities was CNY 78,804,259.43, a turnaround from -CNY 46,597,221.83 in the previous year[26] - Cash inflow from financing activities was CNY 145,000,000.00, down 71% from CNY 506,630,000.00 in the previous period[26] - Net cash flow from financing activities was -CNY 23,758,070.36, compared to a positive CNY 402,654,041.61 in the same period last year[26] - The company received CNY 50,000,000.00 from investment recoveries during the quarter[26] - The company paid CNY 164,000,000.00 in debt repayments during the quarter[26]