Changqing(SH:603768)2017-04-27 16:00Financial Performance - Revenue for the reporting period reached CNY 501,541,057.60, a growth of 53.09% year-on-year[6] - Net profit attributable to shareholders decreased by 13.18% to CNY 34,725,245.01 compared to the same period last year[6] - Basic and diluted earnings per share both decreased by 13.15% to CNY 0.2305[6] - The weighted average return on equity dropped by 1.95 percentage points to 4.62%[6] - Net profit for the quarter was ¥35,267,164.34, a decrease of 13.5% compared to ¥40,601,365.67 in the same period last year[24] - The operating profit decreased to CNY 23,125,662.93, a decline of 43.4% compared to CNY 40,822,306.35 in the previous year[25] - The total comprehensive income for Q1 2017 was CNY 19,915,635.91, a decrease of 42.7% from CNY 34,884,492.66 in the previous year[26] Assets and Liabilities - Total assets increased by 53.69% to CNY 2,356,186,960.43 compared to the end of the previous year[6] - The total assets of the company reached CNY 2,356,186,960.43, up from CNY 1,533,115,817.17, reflecting a substantial growth in asset base[19] - Current assets rose significantly to ¥1,337,999,074.46, compared to ¥499,971,770.06 at the start of the year, marking a 167% increase[20] - Total liabilities amounted to CNY 790,946,664.22, slightly up from CNY 787,181,553.22, indicating stable liability management[18] - Total liabilities increased to ¥658,788,550.30 from ¥624,520,325.84, a rise of 5.5%[22] Cash Flow - Operating cash flow showed a significant decline, with a net cash flow of -CNY 63,804,698.97, worsening by 125.46% year-on-year[6] - The net cash flow from operating activities decreased by 125.46% to CNY -63,804,698.97, indicating higher cash outflows compared to the previous year[14] - Cash inflow from financing activities totaled $855,027,200.00, significantly higher than $20,000,000.00 in the previous period[31] - Net cash outflow from operating activities was -$72,895,912.46, compared to -$50,093,411.63 in the prior period, indicating a worsening of 46%[31] - Total cash outflow from operating activities was $142,097,998.64, compared to $96,516,260.16 in the prior period, indicating a 47% increase[31] Shareholder Information - The total number of shareholders reached 50,124 by the end of the reporting period[10] - The top three shareholders hold a combined 61.88% of the shares, with the largest shareholder owning 31.86%[10] - The company's equity attributable to shareholders rose to CNY 1,565,240,296.21 from CNY 745,934,263.95, showcasing strong growth in shareholder value[19] Operational Metrics - Operating costs surged by 76.89% to CNY 393,601,749.48, influenced by increased sales volume and rising steel market prices[13] - The company reported a significant increase in other payables, which rose by 147.46% to CNY 7,139,410.17, due to received project tender deposits and increased factory rent payables[13] - Accounts receivable rose by 44.00% to CNY 184,537,736.32 compared to CNY 128,152,954.69 in the previous year, driven by increased sales[13] - Inventory levels rose to ¥91,597,828.36, up from ¥68,428,489.70, indicating a 34% increase[20] Capital and Reserves - The company's capital reserve increased dramatically by 1152.60% to CNY 796,637,862.40, following the initial public offering[13] - The company reported a total equity of ¥1,486,132,983.57, up from ¥682,178,479.74, representing a growth of 118%[22] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[6]