AIHUA GROUP(SH:603989)2017-04-28 16:00Financial Performance - Operating revenue for the period was ¥376,646,238.79, representing a growth of 21.58% year-on-year[6] - Net profit attributable to shareholders of the listed company was ¥59,519,715.79, up 41.45% from the same period last year[6] - Basic earnings per share increased to ¥0.255, reflecting a rise of 39.34% compared to the previous year[6] - The weighted average return on equity improved to 4.20%, an increase of 1.08 percentage points year-on-year[6] - The company reported non-recurring gains of ¥16,867,477.13 for the period[8] - The net profit attributable to shareholders increased by 39.50% to ¥76,387,192.92, driven by revenue growth and reduced expenses[14] - The basic and diluted earnings per share rose by 39.34% to ¥0.255, reflecting the profit growth[14] - Operating profit for Q1 2017 was CNY 78,058,962.57, representing a 32.5% increase from CNY 58,857,830.23 in Q1 2016[23] - Net profit for Q1 2017 reached CNY 67,562,418.04, up 27.0% from CNY 53,177,523.32 in Q1 2016[27] - The total profit for Q1 2017 was CNY 79,295,928.98, representing a 27.1% increase from CNY 62,395,724.11 in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,309,484,320.48, an increase of 1.09% compared to the end of the previous year[6] - The total assets of the company reached ¥2,309,484,320.48, an increase from ¥2,284,502,765.09 in the previous period[18] - Total assets as of March 31, 2017, were CNY 2,211,476,296.19, an increase from CNY 2,165,934,584.53 at the beginning of the year[22] - Total liabilities decreased to CNY 467,314,709.63 from CNY 489,335,416.01 at the beginning of the year, a reduction of 4.4%[22] - The company reported a total equity of CNY 1,744,161,586.56, up from CNY 1,676,599,168.52 at the beginning of the year, reflecting a growth of 4.0%[23] Cash Flow - Cash flow from operating activities decreased by 29.73% to ¥47,777,413.22 compared to the same period last year[6] - The net cash flow from operating activities was CNY 47,777,413.22, down 29.6% from CNY 67,987,437.83 in Q1 2016[28] - Cash and cash equivalents increased significantly to CNY 213,939,337.79 from CNY 116,197,770.85, marking an 83.9% rise[21] - Cash and cash equivalents at the end of Q1 2017 totaled CNY 260,717,455.84, compared to CNY 86,258,817.49 at the end of Q1 2016, indicating a significant increase[29] - The net increase in cash and cash equivalents for the period was $95,741,450.25, compared to $18,286,761.62 in the previous period, representing a growth of 424.5%[32] Expenses - Sales expenses increased by 31.75% to ¥30,860,310.59, attributed to business expansion efforts[13] - The company reported a decrease in management expenses by 18.14% to ¥27,294,875.64, due to reduced R&D expenditures compared to the same period last year[13] - The company reported a decrease in management expenses to CNY 19,384,211.53 from CNY 27,405,164.08 in the previous year, a reduction of 29.3%[27] - The total operating costs for Q1 2017 amounted to CNY 306,608,244.37, up 17.8% from CNY 260,196,974.92 year-over-year[23] - The total operating costs for Q1 2017 were CNY 236,156,640.37, an increase of 22.8% from CNY 192,287,509.36 in Q1 2016[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,382[11] - The largest shareholder, Hunan Aihua Investment Co., Ltd., held 48.84% of the shares[11] Inventory and Receivables - The company's inventory increased to ¥268,337,676.90, up from ¥243,243,601.44, indicating a rise in stock levels[18] - The accounts receivable decreased to ¥453,944,534.50 from ¥496,392,724.96, indicating improved collection efforts[17]