KedaTechnology(SH:603660)2017-04-25 16:00Financial Performance - Net profit attributable to shareholders was CNY 31,059,803.33, a significant increase of 3884.29% compared to the same period last year[6]. - Operating revenue reached CNY 328,762,006.93, representing a 23.80% year-on-year growth[6]. - Operating profit grew by 109.88% year-on-year, driven by a 23.80% increase in operating revenue while expenses rose by only 17.69%[13]. - Net profit increased by 3868.21% year-on-year, attributed to the significant growth in total profit and a reduction in income tax expenses[14]. - Total profit surged by 3153.37% compared to the same period last year, due to strong business performance and an increase in VAT refunds[14]. - The company reported a net loss of ¥11,301,432.12 for the period, compared to a profit of ¥18,470,471.14 in the previous year[32]. - Net profit for Q1 2017 reached CNY 30,927,828.88, a significant recovery from a net loss of CNY 820,757.21 in Q1 2016[35]. - Total profit for Q1 2017 was CNY 30,365,508.96, compared to a loss of CNY 994,490.86 in Q1 2016[34]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 57,900,999.52, a remarkable increase of 188.36% compared to the previous year[6]. - Cash received from sales and services rose by 63.46% year-on-year, reflecting improved business operations and higher collections[14]. - Cash flow from operating activities was CNY 494,954,535.52, significantly higher than CNY 302,807,025.03 in the previous year[41]. - The net cash flow from operating activities for Q1 2017 was ¥57,900,999.52, a significant improvement compared to a negative cash flow of ¥65,527,722.63 in the same period last year[42]. - Total cash inflow from operating activities reached ¥529,672,848.61, up from ¥319,032,672.44 year-over-year, indicating a growth of approximately 66%[42]. - The company reported a 547158.68% increase in cash from investment payments and recoveries compared to the same period last year, due to cash management activities[15]. - The ending cash and cash equivalents balance was ¥227,245,210.69, down from ¥139,428,375.91 in the previous year[43]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,508,862,880.40, a 0.22% increase from the previous year[6]. - Current assets totaled ¥1,175,122,538.94, slightly down from ¥1,182,194,982.17 at the beginning of the year[31]. - Total liabilities decreased to ¥342,063,155.06 from ¥369,684,891.30, a reduction of approximately 7.5%[28]. - Owner's equity rose to ¥1,166,799,725.34, up from ¥1,135,878,079.90, indicating an increase of about 2.9%[28]. - Non-current assets totaled ¥309,531,614.96, an increase from ¥253,063,245.78 at the beginning of the year, reflecting a growth of 22.3%[31]. Shareholder Information - The number of shareholders at the end of the reporting period was 17,275[10]. - Basic earnings per share for Q1 2017 were CNY 0.1242, a recovery from a loss of CNY 0.0033 per share in Q1 2016[35]. Investments and Subsidiaries - The company invested 20 million yuan in its subsidiary Suzhou Keda Special Vision Co., Ltd. during the reporting period[17]. - The company established a new subsidiary, Suzhou Keda System Integration Co., Ltd., with a registered capital of 100 million yuan, contributing 20 million yuan during the reporting period[17]. Inventory and Receivables - Accounts receivable decreased by 31.10% compared to the beginning of the year, indicating effective collection efforts[12]. - Inventory increased significantly to ¥435,634,596.15 from ¥298,854,077.08, reflecting a growth of 45.7%[31]. - Accounts receivable decreased to ¥222,780,334.04 from ¥395,718,782.98, a drop of 43.7%[30]. Operating Costs - Total operating costs increased to CNY 328,473,984.26, up from CNY 277,899,407.61, reflecting a rise in sales and management expenses[34]. - Sales expenses for Q1 2017 were CNY 86,941,947.46, an increase of 14.0% from CNY 76,057,134.56 in Q1 2016[34].