PNC(SH:603690)2017-04-28 16:00Financial Performance - Operating revenue rose by 38.55% to CNY 49,156,532.78 year-on-year[6] - Net profit attributable to shareholders decreased by 48.73% to CNY 1,572,321.00 compared to the same period last year[6] - Basic earnings per share fell by 43.84% to CNY 0.041[6] - Operating profit for Q1 2017 was ¥3,018,984.69, a decrease of 5.5% from ¥3,193,842.68 in Q1 2016[19] - Net profit for Q1 2017 was ¥7,805,796.07, down 31.5% from ¥11,403,025.20 in Q1 2016[20] - The company's net profit for Q1 2017 was CNY 7,096,919.22, a decrease of 38.5% compared to CNY 11,553,673.51 in the same period last year[23] - The company reported a total profit of CNY 8,349,316.73 for the quarter, down from CNY 13,592,557.07 in the previous year[23] Cash Flow - Cash flow from operating activities worsened, with a net outflow of CNY 41,094,470.10, a decrease of 263.17% year-on-year[6] - The net cash flow from operating activities was negative CNY 41,094,470.10, worsening from negative CNY 11,315,531.68 in the previous year[25] - The company’s cash flow from investing activities was negative CNY 6,466,145.38, compared to negative CNY 1,458,505.00 in Q1 2016[27] - The net cash flow from investing activities was -$6.47 million, worsening from -$1.44 million in the same quarter last year[29] - Cash outflow from operating activities totaled $86.66 million, compared to $53.06 million in the previous year, indicating increased operational costs[29] - The company incurred total operating expenses of CNY 95,584,815.25, an increase from CNY 64,798,613.60 in Q1 2016[25] Assets and Liabilities - Total assets increased by 19.97% to CNY 744,159,553.33 compared to the end of the previous year[6] - The total assets as of March 31, 2017, amounted to RMB 744,159,553.33, up from RMB 620,279,152.70 at the beginning of the year[15] - The total liabilities increased to RMB 371,872,118.95 from RMB 327,238,287.06, indicating a rise in the company's financial obligations[16] - Total liabilities increased to ¥335,101,843.17 from ¥310,850,608.13, representing a rise of 7.8%[18] - The company's equity attributable to shareholders rose to RMB 372,287,434.38 from RMB 293,040,865.64, reflecting a strong growth in retained earnings and capital reserves[16] - The company's equity increased to ¥346,544,875.98 from ¥268,012,614.90, a growth of 29.3%[19] Shareholder Information - The number of shareholders reached 28,296 at the end of the reporting period[11] - The largest shareholder, Jiang Yuan, holds 36.54% of the shares, totaling 76,003,200 shares[11] Inventory and Receivables - The company's inventory rose by 32.78% to RMB 162,684,361.51 from RMB 122,521,633.95, attributed to increased stock levels[12] - Other receivables decreased by 63.64% to RMB 4,947,240.73 from RMB 13,606,376.31, also due to increased stock levels[12] - The company's prepayments rose by 31.97% to RMB 74,988,027.36 from RMB 56,821,644.92, resulting from the recovery of some receivables[12] Financing Activities - The company raised CNY 79,960,000.00 from new investments during the quarter[27] - The total cash inflow from financing activities was CNY 96,972,553.10, significantly higher than CNY 2,039,068.00 in the same period last year[27] - Cash outflow from financing activities totaled $3.11 million, down from $9.22 million year-over-year, reflecting improved cash management[29] - The cash flow from financing activities netted $93.87 million, a recovery from a net outflow of -$7.18 million last year[29]