LONCIN(SH:603766)2017-04-25 16:00Financial Performance - In Q1 2017, the company achieved operating revenue of RMB 2.25 billion, a year-on-year increase of 20.22%[12] - The net profit attributable to the parent company was RMB 230.88 million, up 17.50% year-on-year[12] - The net profit after deducting non-recurring gains and losses was RMB 225.65 million, reflecting an 18.04% increase compared to the previous year[12] - Basic earnings per share were RMB 0.2732, reflecting a year-on-year increase of 16.50%[8] - The company reported a total profit of CNY 74,542,726.46 for Q1 2017, compared to CNY 49,930,250.26 in Q1 2016, marking a 49.4% growth[35] - Total comprehensive income for Q1 2017 was CNY 63,282,233.26, compared to CNY 43,549,957.83 in Q1 2016, showing a growth of 45.3%[35] Revenue Breakdown - The engine business generated revenue of RMB 665 million, a growth of 18.97% year-on-year, with non-road engines increasing by 24.52%[12] - The motorcycle business reported revenue of RMB 960 million, up 18.95%, driven by a 21.84% increase in two-wheeler exports[12] - The company's revenue for Q1 2017 was approximately ¥2.25 billion, representing a 20.22% increase compared to ¥1.87 billion in the same period last year[19] - Total operating revenue for Q1 2017 was CNY 558,307,952.53, an increase of 17.2% compared to CNY 476,222,673.40 in the same period last year[34] Asset and Liability Changes - The company's total assets at the end of the reporting period were RMB 10.69 billion, an increase of 8.26% from the end of the previous year[8] - Total current assets reached approximately ¥5.50 billion, up from ¥4.80 billion at the beginning of the year[23] - Total assets increased to ¥10,692,303,405.79 from ¥9,876,174,908.02, marking a rise of 8.25%[25] - Current liabilities rose to ¥3,411,131,351.13, compared to ¥3,102,225,366.76, indicating an increase of 9.95%[24] - Total liabilities amounted to ¥3,827,814,333.15, up from ¥3,342,049,858.45, representing a growth of 14.51%[25] Cash Flow and Investments - Cash and cash equivalents increased by 33.35% to ¥2,702,455,571.03, driven by higher net cash inflows from operations and maturing financial products[18] - The net cash flow from operating activities was approximately ¥316.29 million, a 94.40% increase from ¥162.70 million, attributed to expanded operational efficiency[19] - Total cash inflow from investment activities reached CNY 3,475,706,352.99, significantly higher than CNY 1,278,650,402.15 in the prior period, marking an increase of 172.5%[38] - The net cash flow from investment activities was CNY 381,641,494.05, recovering from a negative cash flow of CNY -134,950,881.17 in the previous period[38] Acquisitions and Subsidiaries - The company completed the acquisition of 67% of Italy's Costruzioni Motori Diesel S.p.A., contributing RMB 57 million to revenue during the reporting period[13] - The company completed the acquisition of CMD, holding approximately 67% of its shares, with a total payment of €41.11 million[20] - The company established a wholly-owned subsidiary, Guangdong Longxin Locomotive Co., Ltd., which completed its registration on April 12, 2017[21] Operational Efficiency - Operating costs increased to approximately ¥1.78 billion, up 22.46% from ¥1.45 billion, primarily due to revenue growth[19] - The company incurred sales expenses of CNY 11,427,051.04 in Q1 2017, down from CNY 18,294,483.57 in the same period last year, a decrease of 37.5%[34] - The company reported a decrease in management expenses to CNY 46,473,251.74 from CNY 40,393,791.00 in the previous year, indicating a 15.5% increase in efficiency[34]