Wujin Stainless(SH:603878)2017-04-27 16:00Financial Performance - Operating revenue decreased by 18.45% to CNY 230,917,876.94 year-on-year[5] - Net profit attributable to shareholders was CNY 8,748,904.12, a significant recovery from a loss of CNY 2,508,283.07 in the same period last year[5] - Total operating revenue for the current period is ¥230,917,876.94, a decrease of 18.5% from ¥283,148,781.68 in the previous period[23] - Operating profit for the current period is ¥9,356,568.00, compared to a loss of ¥3,329,305.72 in the previous period[23] - The company reported a total profit of ¥9,440,749.57, compared to a loss of ¥2,408,909.30 in the previous period[23] - Basic and diluted earnings per share are both ¥0.04, compared to a loss of ¥0.02 per share in the previous period[24] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 22,621,837.40, compared to a positive inflow of CNY 155,406,233.63 in the previous year[5] - Cash flow from operating activities shows a net outflow of ¥22,621,837.40, contrasting with a net inflow of ¥155,406,233.63 in the previous period[29] - Total cash outflow for operating activities was 246,130,291.10 RMB, which is an increase from 159,881,179.80 RMB in the same period last year[31] - The cash flow from operating activities was impacted by increased payments to suppliers and employees, totaling 188,450,647.99 RMB and 26,694,261.74 RMB respectively[31] Assets and Liabilities - Total assets increased by 0.84% to CNY 2,349,831,839.30 compared to the end of the previous year[5] - Current assets totaled ¥1,803,570,915.38, up from ¥1,778,405,304.39, indicating an increase of about 1.64%[15] - Total liabilities increased to ¥399,748,803.17 from ¥385,749,823.43, showing a growth of approximately 3.00%[15] - Current liabilities totaled ¥355,397,118.16, up from ¥339,943,222.29, reflecting an increase of about 4.03%[15] - Shareholders' equity rose to ¥1,950,083,036.13 from ¥1,944,566,391.91, indicating a growth of approximately 0.28%[15] Cash and Cash Equivalents - The company reported a significant increase in cash and cash equivalents by 156.55% to CNY 402,629,311.80 due to funds raised from a public stock offering[11] - Cash and cash equivalents decreased to ¥400,815,448.41 from ¥644,286,076.42, a decline of approximately 37.73%[19] - Total cash and cash equivalents at the end of Q1 2017 were 352,248,021.63 RMB, down from 560,788,064.49 RMB at the beginning of the period, reflecting a net decrease of 208,540,042.86 RMB[32] Investments - Investment income recognized is ¥768,026.35, indicating positive returns from investments[29] - The company incurred 250,000,000.00 RMB in cash payments for investments during the quarter, indicating a significant investment strategy[32] - The company reported a cash inflow of 100,936,026.35 RMB from investment activities, primarily from cash recovered from investments[32] Shareholder Information - The number of shareholders reached 27,337, with the top ten shareholders holding a combined 60.33% of shares[8] Operating Costs and Expenses - Total operating costs decreased to ¥222,329,335.29, down 22.4% from ¥286,478,087.40 in the previous period[23] - The company has reduced its sales expenses to ¥4,282,916.02, down from ¥5,285,233.57 in the previous period[23] - Management expenses increased slightly to ¥20,982,652.69 from ¥19,964,853.70 in the previous period[23] Other Financial Metrics - The weighted average return on net assets was 0.45%, up from -0.22% year-on-year[5] - The company recorded a net profit increase of CNY 1,125,720.00 due to slight price increases and adjustments in product structure[11] - The company has not reported any significant changes in its commitments or forecasts for the upcoming periods[12] - Deferred income decreased slightly to ¥43,688,011.91 from ¥45,142,928.04, a decline of approximately 3.22%[15] - The company maintained a stable capital reserve of ¥1,068,435,118.21, unchanged from the previous period[15]