Hexing(SH:603556)2017-04-27 16:00Financial Performance - Operating revenue for the period reached CNY 530,249,339.34, a significant increase of 55.08% year-on-year[6] - Net profit attributable to shareholders was CNY 136,753,397.36, reflecting a growth of 17.72% compared to the same period last year[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 136,302,681.35, up 24.70% year-on-year[6] - The total profit for the period was CNY 160,509,336.86, up from CNY 135,244,263.65, marking an increase of 18.7% year-over-year[28] - The company's operating profit was CNY 143,215,352.79, compared to CNY 122,997,641.99 in the previous year, reflecting a growth of 16.4%[28] - The net profit for Q1 2017 reached CNY 136,753,397.36, representing a growth of 17.7% from CNY 116,164,620.27 in Q1 2016[28] - The company's operating revenue for Q1 2017 was CNY 408,392,885.18, an increase of 40.8% compared to CNY 290,042,129.07 in the same period last year[29] - The company reported a total comprehensive income of CNY 139,116,898.32 for Q1 2017, up from CNY 120,675,512.87 in Q1 2016, reflecting a growth of 15.3%[28] Assets and Liabilities - Total assets increased by 5.09% to CNY 5,541,231,662.69 compared to the end of the previous year[6] - Total current assets reached CNY 4,905,131,543.91, up from CNY 4,659,999,570.09 at the beginning of the year[18] - Non-current assets totaled CNY 788,007,863.49, an increase from CNY 764,939,771.30 at the beginning of the year[23] - Total liabilities amounted to CNY 907,897,242.31, an increase from CNY 866,229,961.04 at the beginning of the year[24] - Owner's equity totaled CNY 4,231,556,537.78, up from CNY 4,037,396,090.07 at the start of the year, indicating a growth of 4.8%[24] Cash Flow - Net cash flow from operating activities increased by 12.43% to CNY 86,667,584.86[6] - Cash inflow from operating activities totaled CNY 670,357,130.47, compared to CNY 560,069,404.75 in Q1 2016, indicating a growth of 19.7%[32] - Cash flow from financing activities generated a net inflow of 52,244,103.74 RMB, compared to 59,015,019.27 RMB in the previous period[35] - Cash flow from investment activities showed a net outflow of CNY 444,178,498.72, an increase of 77.34% compared to the previous year[14] - The net cash flow from investment activities was -445,463,986.95 RMB, worsening from -210,645,140.47 RMB in the previous period, indicating increased investment expenditures[36] Shareholder Information - The number of shareholders reached 49,196 at the end of the reporting period[11] - Zhejiang Haixing Holding Group Co., Ltd. held 49.39% of the shares, making it the largest shareholder[11] Revenue and Costs - Revenue for the period increased by 55.08% to CNY 530,249,339.34, primarily due to increased income from overseas markets[14] - Operating costs surged by 96.13% to CNY 277,379,954.29, mainly reflecting the rise in revenue[14] - Sales revenue from goods and services received was 469,556,804.92 RMB, an increase from 359,005,076.12 RMB, representing a growth of about 30.8%[36] - The company experienced an increase in sales expenses, which rose to CNY 39,783,856.03 from CNY 29,251,529.45, indicating a focus on market expansion[28] Other Financial Metrics - Basic earnings per share decreased by 9.76% to CNY 0.37[6] - The weighted average return on equity dropped by 54.06% to 3.22%[6] - The financial expenses for the quarter were CNY 2,632,605.39, a significant increase from a negative CNY 7,217,691.35 in the previous year, indicating a change in financial strategy[28] - Investment income skyrocketed by 2104.95% to CNY 3,700,658.77, mainly due to profits from joint ventures[14] - The company received government subsidies amounting to CNY 104,750.00 during the reporting period[8]