TIANMA TECH(SH:603668)2017-04-28 16:00Financial Performance - Revenue for the first quarter reached CNY 158,609,586.85, representing a growth of 19.86% year-on-year[7] - Net profit attributable to shareholders decreased by 3.2% to CNY 9,081,526.04 compared to the same period last year[7] - The weighted average return on equity decreased by 24.58% to 1.81%[7] - Basic earnings per share remained stable at CNY 0.06[7] - Net profit attributable to the parent company for Q1 2017 was CNY 11,862,102.75, representing a 26.3% increase from CNY 9,395,616.98 in Q1 2016[25] - Net profit for Q1 2017 reached CNY 11,822,309.28, up 48.0% from CNY 7,989,223.85 in Q1 2016[28] - The operating profit for the period was CNY 10,569,926.77, an increase of 16.5% compared to CNY 9,072,721.81 in the previous year[27] - The total comprehensive income attributable to the parent company was CNY 10,679,702.75, compared to CNY 9,320,144.08 in the prior year[28] Cash Flow - The company reported a net cash flow from operating activities of CNY -202,878,197.34, indicating a significant increase in cash outflow compared to the previous year[7] - Cash flow from operating activities showed a net outflow of CNY -202,878,197.34, worsening from CNY -17,753,000.59 in the same period last year[31] - The company reported a significant increase in sales cash receipts, totaling CNY 141,740,303.55, compared to CNY 96,982,693.96 in the previous year[30] - Total cash outflow from operating activities was 320,536,417.01 RMB, compared to 113,857,891.68 RMB in the same period last year[33] - The company experienced a net increase in cash and cash equivalents of 283,843.14 RMB during the quarter, contrasting with a decrease of 26,145,348.29 RMB in the previous year[34] - Cash inflow from financing activities totaled 349,999,573.68 RMB, significantly up from 21,289,950.91 RMB in the previous year[34] Assets and Liabilities - Total assets increased by 18.18% to CNY 1,162,651,925.17 compared to the end of the previous year[7] - Total assets as of March 31, 2017, amounted to CNY 991,623,390.74, compared to CNY 895,787,495.57 at the beginning of the year, reflecting an increase of 10.7%[23] - Total liabilities decreased to CNY 266,836,887.50 from CNY 473,684,201.61 at the beginning of the year, a reduction of 43.7%[23] - Current assets increased to CNY 555,864,276.77 from CNY 465,638,215.16, marking a growth of 19.4%[22] - The company's capital reserve surged by 962.07% to ¥262,584,848.47 from ¥24,723,948.47 due to funds raised from stock issuance[13] Shareholder Information - The number of shareholders reached 28,341 by the end of the reporting period[11] - The top shareholder, Chen Qingtang, holds 28.82% of the shares, with 61,095,750 shares pledged[11] Operational Metrics - Operating expenses increased, with sales expenses rising by 92.18% to ¥5,999,214.46 and management expenses increasing by 68.41% to ¥14,175,795.12, primarily due to higher conference and consulting costs[14] - Total operating costs for Q1 2017 were CNY 147,953,470.63, up 22.5% from CNY 120,805,914.11 in Q1 2016[25] - The company incurred total operating costs of CNY 109,429,562.42, which is a 21.1% increase from CNY 90,354,845.99 in Q1 2016[27] Inventory and Receivables - Accounts receivable decreased by 50.56% to ¥19,700,000 from ¥39,850,000 due to the settlement of commercial acceptance bills[13] - Prepayments increased by 90.29% to ¥105,619,791.76 from ¥55,505,006.04 to ensure sufficient supply of key raw materials during peak production[13] - Inventory rose by 42.00% to ¥253,965,807.66 from ¥178,848,676.75 driven by increased orders[13] Financial Liabilities - Short-term borrowings decreased by 36.65% to ¥53,431,820.25 from ¥84,337,598.91 due to repayment of loans without new borrowings[13] - Derivative financial liabilities increased by 117.77% to ¥2,186,370.00 from ¥1,003,970.00, attributed to floating losses on futures contracts[13]