宁波高发(603788) - 2017 Q1 - 季度财报

Financial Performance - Operating revenue rose by 50.38% to CNY 299,055,590.23 year-on-year[12] - Net profit attributable to shareholders increased by 56.17% to CNY 60,436,236.63 compared to the same period last year[6] - Basic earnings per share rose by 53.57% to CNY 0.43[6] - Total operating revenue for Q1 2017 reached ¥299,055,590.23, a 50.4% increase from ¥198,865,541.42 in the same period last year[25] - Net profit for Q1 2017 was ¥61,480,403.28, representing a 59% increase compared to ¥38,699,708.02 in Q1 2016[27] - Earnings per share (EPS) for Q1 2017 was ¥0.43, compared to ¥0.28 in the same quarter last year, reflecting a 53.6% increase[27] - The total profit for Q1 2017 was ¥71,255,408.53, an increase of 57.7% from ¥45,210,721.72 in Q1 2016[26] Assets and Liabilities - Total assets increased by 6.11% to CNY 1,259,830,568.23 compared to the end of the previous year[6] - Total liabilities as of March 31, 2017, were CNY 344,746,918.29, up from CNY 335,384,851.24, which is an increase of approximately 2.0%[18] - The company's equity attributable to shareholders rose to CNY 891,406,031.19 from CNY 829,255,244.01, reflecting an increase of about 7.5%[18] - The total current assets increased to CNY 992,993,593.87 from CNY 925,735,637.99, representing a growth of about 7.3%[16] - The total liabilities increased to ¥335,164,015.46 from ¥316,932,025.24, indicating a rise of 5.3%[26] - Total equity rose to ¥884,527,136.38, up from ¥827,022,428.25, marking a 6.9% increase[26] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -13,266,172.34, worsening from CNY -4,787,517.17 in the previous year[6] - Cash flow from operating activities was ¥255,321,784.49, compared to ¥186,785,668.53 in the previous year, showing a growth of 36.6%[32] - The net cash flow from operating activities was -¥13,266,172.34, compared to -¥4,787,517.17 in the previous period, indicating a decline in operational cash generation[33] - Total cash inflow from operating activities was ¥242,382,434.60, up from ¥185,712,145.21, reflecting a growth of approximately 30.5%[34] - Cash outflow from operating activities totaled ¥253,056,646.69, compared to ¥193,625,254.96, representing an increase of about 30.7%[34] - The net increase in cash and cash equivalents for the period was ¥37,191,371.05, compared to ¥18,377,543.05, reflecting a growth of approximately 102.5%[35] Accounts Receivable and Inventory - Accounts receivable increased by 49.81% to CNY 276,255,949.62, attributed to rapid revenue growth[11] - Accounts receivable rose to CNY 276,255,949.62 from CNY 184,406,911.41, indicating a significant increase of approximately 49.8%[16] - Inventory levels increased to CNY 126,669,934.95 from CNY 120,162,533.73, marking a growth of about 5.4%[16] Expenses and Impairments - Sales expenses increased by 43.70% to CNY 12,476,575.35, mainly due to higher freight and service costs[12] - The company reported a significant increase in asset impairment losses by 157.36% to CNY 4,802,995.51, driven by increased accounts receivable[12] Government Subsidies - The company received government subsidies amounting to CNY 8,118,756.02 during the reporting period[7] Non-Current Assets and Borrowings - The non-current assets totaled CNY 266,836,974.36, up from CNY 261,537,909.35, indicating a growth of approximately 2.5%[17] - The company's short-term borrowings remained unchanged, with no new borrowings reported during the period[18]