中国汽研(601965) - 2017 Q1 - 季度财报

Financial Performance - Operating revenue for the current period was CNY 374,319,309.78, representing a significant increase of 69.72% year-on-year[9] - Net profit attributable to shareholders was CNY 74,150,684.98, reflecting a growth of 22.70% compared to the same period last year[9] - Revenue for Q1 2017 reached ¥374,319,309.78, a 69.72% increase compared to ¥220,550,540.04 in the previous period, driven by a 302% growth in specialized vehicle sales[14] - Net profit for Q1 2017 reached CNY 72,376,520.61, representing a 22.5% increase from CNY 59,250,248.19 in Q1 2016[26] - The company reported an operating profit of CNY 81,358,342.91 for Q1 2017, compared to CNY 70,002,699.00 in Q1 2016, reflecting a growth of 16.3%[25] - The total profit for Q1 2017 was CNY 97,090,197, up 12.5% from CNY 86,349,995 in the previous year[29] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,814,297,108, an increase of 0.69% compared to the end of the previous year[9] - Total assets as of March 31, 2017, amounted to ¥4,814,297,108.00, compared to ¥4,781,187,109.63 at the beginning of the year[21] - The total assets as of March 31, 2017, amounted to CNY 4,360,744,985.31, slightly down from CNY 4,383,006,692.03 at the beginning of the year[24] - Total liabilities decreased to CNY 589,070,645.98 from CNY 693,587,103.70 at the start of the year, reflecting a reduction of approximately 15.1%[24] - The total liabilities decreased to ¥702,219,527.27 from ¥741,486,049.51, reflecting a reduction in short-term borrowings and other liabilities[22] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 64,335,787.14, worsening by 250.70% compared to the previous year[9] - Net cash flow from operating activities was -¥64,335,787.14, a decline of 250.70% from -¥18,344,967.13, attributed to increased procurement payments in response to market demand[16] - Cash and cash equivalents at the end of Q1 2017 were CNY 1,070,268,767.30, down from CNY 1,172,973,381.89 at the beginning of the year[24] - The cash and cash equivalents at the end of the period were CNY 1,281,137,931, down from CNY 1,242,794,765 at the end of the previous year[34] - The net increase in cash and cash equivalents for the period was -$103,221,603.14, bringing the ending balance to $1,064,114,325.43[37] Shareholder Information - The number of shareholders at the end of the reporting period was 34,988[11] - The largest shareholder, China General Technology (Group) Holding, owned 63.69% of the shares[11] Inventory and Investments - Inventory increased by 44.29% to CNY 234,609,565.35 due to higher stockpiling in response to sales peaks[13] - Long-term equity investments rose by 58.24% to CNY 98,155,854.74, attributed to scheduled investment payments[13] - The company utilized ¥24,519,940.65 of raised funds for investment projects during the current year, with a cumulative usage of ¥1,226,686,882.70 as of March 31, 2017[16] - The company reported a significant increase in asset impairment losses, rising 169.42% to ¥6,238,797.84 due to an increase in accounts receivable and higher bad debt provisions[14] Operating Costs and Expenses - Operating costs increased by 124.26% to ¥254,496,077.11, primarily due to higher costs in the specialized vehicle segment, which has a lower gross margin[14] - Total operating costs for Q1 2017 were CNY 296,103,432.63, up 93.5% from CNY 153,033,045.23 in Q1 2016[25] - Sales expenses decreased to CNY 2,174,681, a reduction of 37.1% from CNY 3,461,544 in the same quarter last year[29] Non-Operating Income - Non-operating income rose by 80.61% to ¥5,847,659.91, reflecting an increase in government subsidies received[14] - The company reported an investment income of CNY 3,142,466, which is an increase from CNY 2,485,204 in Q1 2016[29] Cash Flow from Investments and Financing - Cash inflow from investment activities totaled $302,570,123.29, while cash outflow amounted to $394,640,953.53, resulting in a net cash flow of -$92,070,830.24[37] - Cash inflow from financing activities was $16,461,097.88, with no cash outflow reported, leading to a net cash flow of $16,461,097.88[37] - The company did not report any cash received from borrowing or other financing activities during the quarter[37] - The company did not distribute dividends or pay interest during the reporting period[37]