ENC(SH:603869)2017-04-28 16:00Financial Performance - Operating revenue for the reporting period reached CNY 333,127,444.68, representing a significant increase of 398.56% year-on-year[4] - Net profit attributable to shareholders of the listed company was CNY 8,677,359.41, up 130.39% from the same period last year[4] - The basic earnings per share increased by 44.44% to CNY 0.026 from CNY 0.018 in the same period last year[4] - Net profit for the period was 6.42 million yuan, an increase of 65.30% compared to the previous period, attributed to the profitability of the industry recognition solution business[22] - Net profit for Q1 2017 was CNY 6,419,458.67, representing a 65.5% increase from CNY 3,883,635.06 in Q1 2016[37] - The profit attributable to the parent company's shareholders was CNY 9,050,043.27, compared to CNY 3,866,944.20 in the previous year, marking an increase of 134.5%[37] - The cumulative net profit for the year is expected to increase by 160% to 190% compared to the same period last year, driven by steady growth in existing tourism routes and recent investments and acquisitions[26] Cash Flow - The company reported a net cash flow from operating activities of CNY -192,459,983.70, a decrease of 115,395.64% compared to the previous year[4] - The net cash flow from operating activities decreased by 115,395.64% due to increased prepayments and accounts receivable[22] - Cash flow from operating activities showed a net outflow of ¥192,459,983.70, compared to a net inflow of ¥166,927.38 in the previous period[42] - The net cash flow from investment activities was -115,367,067.50 CNY, compared to -21,176,113.90 CNY in the previous period, indicating a significant increase in cash outflow[46] - The net cash flow from financing activities was -85,189,902.10 CNY, contrasting with a positive net cash flow of 27,210,739.80 CNY in the previous period[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,063,160,657.19, a decrease of 2.44% compared to the end of the previous year[4] - The total number of shareholders at the end of the reporting period was 18,150[6] - The company's cash and cash equivalents decreased to CNY 1,149,588,343.96 from CNY 1,575,158,448.39 at the beginning of the year[28] - The total liabilities decreased to CNY 1,449,929,062.69 from CNY 1,580,530,198.14 at the beginning of the year, reflecting a reduction in short-term borrowings[30] - Total liabilities decreased to CNY 541,670,019.30 from CNY 589,080,234.01, reflecting a reduction of 8.0%[33] - The company reported a total equity of CNY 3,613,231,594.50 as of March 31, 2017, slightly up from CNY 3,609,199,928.55 at the beginning of the year[31] Investments and Acquisitions - The company included new subsidiaries in its consolidated financial statements, leading to significant changes in the profit and cash flow statements compared to the previous year[9] - The company has expanded its business scope to include industry recognition solutions and new tourism products, improving overall profitability[9] - The company has made strategic investments in new tourism projects and acquisitions to enhance profitability and expand its business scope[26] - The company participated in investing in a tourism industry fund with a related party, which was approved in the board meeting held on January 1, 2017[24] - The company plans to continue expanding its business through strategic acquisitions and investments in new technologies[26] Operating Costs - Operating costs increased by 328.60% to 194.61 million yuan, mainly due to costs from newly acquired businesses and new scenic area developments[20] - Total operating costs for Q1 2017 were CNY 319,906,400.44, up 415.5% from CNY 62,085,117.48 in Q1 2016[36] - The company incurred operating costs of ¥45,077,126.13, which is an increase of 17.5% from ¥38,363,416.49 in the previous period[40] - The company reported a significant increase in sales expenses, which rose to CNY 56,962,462.15 from CNY 4,516,986.00, indicating a growth of 1,157.5%[36] - The company reported a significant increase in sales expenses, which rose to ¥5,105,662.97 from ¥2,589,068.54, marking a 97.5% increase[40] Government Subsidies - The company received government subsidies amounting to CNY 475,911.66, which are closely related to its normal business operations[5] - The company is actively involved in a major project for the Beijing-Tianjin-Hebei transportation and safety big data public service demonstration platform, which has received national subsidy funding[25]