SKSHU(SH:603737)2017-04-24 16:00Financial Performance - Operating revenue rose by 57.54% to CNY 335,416,048.93 year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 12,835,299.82, slightly improved from a loss of CNY 13,781,465.87 in the same period last year[6] - Basic and diluted earnings per share were both -CNY 0.13, compared to -CNY 0.18 in the same period last year[6] - The net loss for Q1 2017 was CNY 12,835,299.82, slightly improved from a net loss of CNY 13,781,465.87 in Q1 2016[29] - The company’s total profit (loss) for the current period was reported at a loss of ¥22,142,860.33, compared to a loss of ¥20,098,067.65 in the previous period[31] Cash Flow - The net cash flow from operating activities was a negative CNY 136,127,825.99, compared to a negative CNY 53,224,139.13 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥136,127,825.99, compared to a net outflow of ¥53,224,139.13 in the previous period, highlighting cash flow challenges[35] - The company reported cash inflow from operating activities totaling ¥414,827,925.17, up from ¥311,277,626.36 in the previous period[35] - The cash flow from operating activities was not detailed in the provided data, but the overall cash increase for the period was ¥26,350,611.39, contrasting with a decrease of ¥36,728,988.28 in the previous year[39] Assets and Liabilities - Total assets increased by 2.91% to CNY 1,752,234,630.38 compared to the end of the previous year[5] - Current assets totaled CNY 741,057,286.23 at the end of Q1 2017, compared to CNY 674,708,813.38 at the beginning of the year, indicating a growth of 9.8%[26] - Total liabilities increased to CNY 740,431,322.77 from CNY 658,538,438.87, reflecting a rise of 12.4%[27] - The company's total assets reached CNY 1,635,303,510.09, up from CNY 1,570,755,695.75, showing a growth of 4.1%[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,795[10] - The largest shareholder, Hong Jie, holds 67.05% of the shares, with 3,000,000 shares pledged[10] Government Support - The company received government subsidies amounting to CNY 18,168,315.02 during the reporting period[7] Inventory and Costs - Inventory increased by 30.56% to CNY 166,031,390.33, reflecting higher stock levels to support sales growth[15] - Gross profit margin decreased due to a 77.07% increase in operating costs, which totaled CNY 201,341,988.07, up from CNY 113,710,091.16[15] - Total operating costs for Q1 2017 were CNY 369,855,456.05, up from CNY 250,910,157.99, reflecting a significant increase in costs[28] Financing Activities - Net cash flow from financing activities surged by 272.50% to CNY 181,796,604.15, mainly due to increased loans[16] - The company raised ¥214,000,000.00 through borrowings, significantly higher than the ¥80,000,000.00 raised in the previous period[36] - The company’s total cash inflow from financing activities was ¥214,000,000.00 in Q1 2017, reflecting strong financing capabilities compared to the previous year[39] Other Financial Metrics - Deferred income tax assets increased by 56.08% to CNY 15,661,419.85, mainly due to increased provisions for asset impairment and deductible losses[15] - Other receivables decreased by 71.64% to CNY 4,192,269.71, primarily due to the recovery of advance expenses and deposits[15] - Prepayments increased by 38.49% to CNY 53,599,868.29, mainly due to higher payments for raw material purchases[15] - Short-term borrowings rose significantly by 131.10% to CNY 324,350,163.56, attributed to increased company loans[15]