NANCAL(SH:603859)2017-04-21 16:00Financial Performance - Operating revenue increased by 38.47% to CNY 8,738,907.12 compared to the same period last year[6] - Net profit attributable to shareholders improved by 32.14%, reaching a loss of CNY 9,105,075.01[6] - Basic and diluted earnings per share improved by 49.08%, reaching -0.0802 CNY per share[6] - The net loss for Q1 2017 was CNY 9,645,380.07, an improvement from a net loss of CNY 13,743,525.20 in Q1 2016, representing a reduction of 29.1%[25] - The total profit for Q1 2017 was -6,601,398.72 RMB, a decrease from -12,167,327.33 RMB in the same period last year, indicating an improvement of approximately 45.5%[28] - The net profit for Q1 2017 was -6,335,546.26 RMB, compared to -11,497,266.53 RMB in Q1 2016, reflecting a year-over-year improvement of about 44.1%[28] Cash Flow - Cash flow from operating activities showed a significant decline, with a loss of CNY 49,673,880.04, a decrease of 123.55% compared to the previous year[6] - Net cash flow from operating activities decreased by 123.55% to -¥49,673,880.04 from -¥22,220,571.81, mainly due to increased tax payments and cash outflows for goods and services[15] - Cash inflow from operating activities totaled 23,503,375.25 RMB, up from 13,728,885.12 RMB in the previous year, representing an increase of approximately 71.1%[31] - Cash outflow from operating activities was 73,177,255.29 RMB, compared to 35,949,456.93 RMB in the same period last year, which is an increase of about 103.5%[31] - The cash flow from investing activities was -61,425,150.39 RMB, compared to -5,057,801.80 RMB in the same period last year, indicating a significant increase in cash outflow for investments[31] - The cash flow from financing activities resulted in a net outflow of -557,980.90 RMB, reflecting a decrease in cash inflow from financing activities compared to the previous year[32] Assets and Liabilities - Total assets decreased by 4.64% to CNY 767,430,960.63 compared to the end of the previous year[6] - The total assets as of Q1 2017 amounted to CNY 716,620,900.45, a decrease from CNY 748,975,939.62 at the end of the previous period[22] - Total liabilities for Q1 2017 were CNY 113,540,803.47, down from CNY 139,560,296.38, reflecting a decrease of 18.6%[22] - The total equity for Q1 2017 was CNY 603,080,096.98, slightly down from CNY 609,415,643.24 in the previous period[22] Shareholder Information - The total number of shareholders reached 3,946 by the end of the reporting period[10] - The largest shareholder, Zujun, holds 22.16% of the shares, totaling 25,168,000 shares[10] Operating Costs and Revenue - Operating costs rose by 30.75% to ¥6,299,862.25, attributed to the increase in operating revenue[14] - Total operating revenue for Q1 2017 was CNY 8,738,907.12, an increase of 38.5% compared to CNY 6,311,188.99 in the same period last year[24] - Total operating costs for Q1 2017 were CNY 21,705,488.83, up from CNY 20,874,223.43, reflecting a year-over-year increase of 4.0%[25] Other Financial Metrics - The weighted average return on net assets increased by 1.80 percentage points to -1.42%[6] - The company reported non-operating income of CNY 103,666.68 from government subsidies related to normal business operations[8] - The company reported an increase in sales expenses to CNY 5,553,425.84 from CNY 3,488,630.33, a rise of 59.2% year-over-year[25] - Investment income for Q1 2017 was CNY 28,708.44, compared to a loss of CNY -26,898.49 in the same period last year[25] Changes in Current Assets and Liabilities - Cash and cash equivalents decreased by 44.73% to ¥137,137,554.55 from ¥248,123,383.48, primarily due to tax payments and bank wealth management product purchases[12] - Prepayments increased by 120.70% to ¥22,848,952.17 from ¥10,353,012.20, mainly due to increased advance payments to suppliers[12] - Other current assets surged by 377.33% to ¥71,173,898.22 from ¥14,910,869.20, primarily due to the purchase of bank wealth management products[12] - Employee compensation payable decreased by 67.93% to ¥751,453.38 from ¥2,342,904.30, mainly due to the distribution of last year's year-end bonuses[12] - Tax payable decreased by 92.80% to ¥1,642,234.52 from ¥22,798,293.69, primarily due to the payment of corporate income tax and VAT from the previous year[12] - Other payables decreased by 43.10% to ¥3,870,922.92 from ¥6,802,815.01, mainly due to payments for rent and employee reimbursements[12]