Kersen(SH:603626)2017-04-17 16:00Financial Performance - Operating revenue for the period was CNY 307,977,461.37, reflecting a growth of 17.64% compared to the same period last year[7] - Net profit attributable to shareholders decreased by 8.52% to CNY 19,815,872.32 compared to the previous year[7] - Basic and diluted earnings per share were both CNY 0.10, a decrease of 9.09% from the previous year[7] - Net profit for Q1 2017 was CNY 20,240,813.68, a decrease of 10.8% from CNY 22,573,779.91 in Q1 2016[27] - The company's operating revenue for the current period is ¥306,983,632.26, an increase of 17.7% compared to ¥261,018,548.22 in the previous period[29] - Operating profit decreased to ¥10,315,839.56, down 72.8% from ¥37,935,617.05 in the previous period[29] - Net profit for the current period is ¥13,206,496.64, a decline of 56.6% compared to ¥30,412,847.00 in the previous period[30] - The company’s total comprehensive income for the current period is ¥13,206,496.64, down 56.6% from ¥30,412,847.00 in the previous period[30] - Basic and diluted earnings per share are both ¥0.06, down from ¥0.14 in the previous period[30] Assets and Liabilities - Total assets increased by 54.52% to CNY 2,303,049,963.03 compared to the end of the previous year[7] - Total assets reached approximately RMB 2.30 billion, up from RMB 1.49 billion at the beginning of the year[19] - Total assets as of March 31, 2017, amounted to CNY 2,253,619,351.28, compared to CNY 1,346,141,736.29 at the beginning of the year, reflecting a growth of 67.2%[24] - Current liabilities decreased to approximately RMB 561.48 million from RMB 699.99 million[19] - Total liabilities as of March 31, 2017, were CNY 731,544,877.89, a decrease of 3.4% from CNY 757,489,397.66 at the beginning of the year[24] Shareholder Information - The total number of shareholders reached 22,765 by the end of the reporting period[12] - The largest shareholder, Xu Jingen, holds 37.03% of the shares, totaling 78,000,000 shares[12] - The company completed a capital increase, resulting in a total share capital of 158,000,000 shares[8] Cash Flow and Investments - Cash flow from operating activities was CNY 82,418,025.81, down 19.28% year-over-year[7] - Cash and cash equivalents increased by 978% due to the successful fundraising from the initial public offering[14] - Cash and cash equivalents increased to CNY 889,722,909.44 from CNY 79,277,859.53, representing a substantial rise of 1,202.5%[22] - Total cash inflow from financing activities reached $1,114,614,035.70, significantly higher than $50,000,000.00 in the same quarter last year[37] - Cash outflow for investing activities amounted to $343,468,841.17, compared to $13,789,949.47 in the previous year, showing a significant rise in investment expenditures[37] - The company received cash from sales of goods and services amounting to ¥410,092,347.87, a decrease of 19.2% from ¥509,767,993.63 in the previous period[32] Expenses - Sales expenses rose by 41% primarily due to increased business entertainment costs[15] - Management expenses increased by 39% mainly due to higher R&D investments[15] - Cash paid for the acquisition of fixed assets and other long-term assets increased by 970% due to fundraising and project investments[15] - The company paid $232,076,480.69 for goods and services, a decrease from $329,871,802.53 in the previous year, reflecting cost management efforts[37] Accounts Receivable and Inventory - Accounts receivable rose by 100% as some customers opted for acceptance bill payments[14] - Accounts receivable decreased to CNY 502,972,663.95 from CNY 579,766,139.37, a decline of 13.2%[22] - Inventory increased to CNY 84,706,397.69 from CNY 65,724,920.71, an increase of 28.9%[22] Non-Recurring Gains - The company reported non-recurring gains of CNY 424,941.36 during the period[10] - Capital reserve grew by 16,596% as a result of the premium from the initial public offering[14]