XCC(SH:603667)2017-04-17 16:00Financial Performance - Net profit attributable to shareholders was CNY 20,871,319.22, representing a year-on-year increase of 23.96%[6] - Operating revenue for the period was CNY 268,642,972.64, reflecting a growth of 10.86% compared to the same period last year[6] - Net cash flow from operating activities amounted to CNY 43,782,471.29, up 39.98% year-on-year[6] - Basic earnings per share were CNY 0.10, a decrease of 9.09% compared to the same period last year[6] - Total revenue for Q1 2017 was CNY 268,642,972.64, an increase of 10.5% compared to CNY 242,322,940.42 in the previous year[23] - Net profit for Q1 2017 reached CNY 21,501,464.13, up 26.5% from CNY 17,043,070.44 in the same period last year[24] - The company's operating revenue for the current period is ¥225,363,936.57, representing an increase of 10.1% compared to ¥204,388,411.98 in the previous period[26] - The net profit for the current period is ¥20,717,177.51, which is a slight increase of 2.1% from ¥20,300,155.57 in the previous period[26] - The total profit for the current period is ¥24,373,150.01, which is an increase of 2.1% from ¥23,882,535.97 in the previous period[26] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,650,595,513.21, an increase of 0.91% compared to the end of the previous year[6] - The company's total assets amounted to CNY 1,564,692,276.89, a slight increase from CNY 1,558,277,934.78 at the beginning of the year[22] - Current assets totaled CNY 713,567,231.86, a decrease of 0.2% from CNY 715,295,831.07 at the start of the year[21] - Total liabilities decreased to CNY 461,087,692.55 from CNY 475,390,527.95, a reduction of 3.1%[22] - Accounts receivable increased by 30.24% to ¥55,366,982.93 compared to ¥42,511,179.17 in the previous year[12] - The company reported an increase in accounts receivable to CNY 207,908,819.74 from CNY 200,353,116.01, reflecting a growth of 3.1%[20] - The company's inventory rose to CNY 257,715,132.44, an increase of 3.7% from CNY 248,864,818.86 at the beginning of the year[21] Cash Flow - Cash flow from operating activities has increased to ¥43,782,471.29, up 40.0% from ¥31,278,486.22 in the previous period[29] - The cash inflow from operating activities totaled ¥347,138,812.41, an increase of 12.0% from ¥309,863,843.90 in the previous period[29] - The cash outflow from financing activities decreased to ¥65,055,840.31 from ¥219,219,397.61 in the previous period, indicating better cash flow management[30] - The net cash flow from investing activities was -$9,795,251.62, compared to -$5,084,247.90 in the previous year, indicating an increase in cash outflow for investments[31] - The total cash inflow from financing activities amounted to $132,800,000.00, with cash outflows totaling $43,401,203.19, resulting in a net cash flow from financing activities of -$43,401,203.19[31] - The cash and cash equivalents at the end of the period were $49,062,462.38, a decrease from $67,002,271.01 at the beginning of the period, reflecting a net decrease of $17,939,808.63[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,068[9] - The top shareholder, Zhang Feng, held 26.46% of the shares, totaling 53,554,710 shares[9] Government Support and Other Income - The company received government subsidies amounting to CNY 943,425.05, which are closely related to its normal business operations[7] - Non-recurring gains and losses totaled CNY 1,713,076.00 for the reporting period[8] - Investment income rose by 254.47% to ¥1,256,357.11, mainly from foreign currency forward exchange gains[12] - The company reported an investment income of ¥1,194,931.08, recovering from a loss of ¥495,570.00 in the previous period[26] Changes in Financial Metrics - The weighted average return on equity decreased to 1.80%, down by 0.76 percentage points from the previous year[6] - Short-term borrowings decreased by 63.69% to ¥30,500,000.00 from ¥84,000,000.00, reflecting repayment of bank loans[12] - Tax and additional charges increased by 82.78% to ¥2,934,750.09, driven by increased domestic sales volume[12] - Other current liabilities decreased by 68.66% to ¥108,302.59, primarily due to the repayment of equipment loans by Anhui Jinyue Bearing Co., Ltd.[12] - The company's financial expenses decreased significantly to ¥286,872.76 from ¥2,362,214.43 in the previous period, reflecting improved cost management[26] Investment Activities - Investment cash flow net amount decreased by 893.85% to -¥30,567,588.27, primarily due to the implementation of fundraising project construction[12] - The company experienced a significant increase in investment activity cash outflow, rising from $10,561,677.90 to $12,751,922.12[31] Strategic Developments - The company did not report any new product developments or market expansions during this quarter[31] - There were no acquisitions or significant strategic changes mentioned in the report[31]