COPTON(SH:603798)2017-04-26 16:00Financial Performance - Operating revenue rose by 39.30% to CNY 283,230,950.55, driven by an increase in sales orders[13] - Net profit attributable to shareholders increased by 55.01% to CNY 47,374,133.62 compared to the same period last year[7] - Basic and diluted earnings per share increased by 51.61% to CNY 0.47[7] - Operating revenue for the first quarter was ¥283,230,950.55, compared to ¥203,329,702.49 in the same period last year, marking an increase of approximately 39.3%[26] - Net profit for Q1 2017 reached CNY 48,052,440.20, representing a 51.5% increase from CNY 31,707,297.37 in Q1 2016[31] - Operating profit for Q1 2017 was CNY 62,798,254.76, up 69.5% from CNY 37,030,194.75 in the previous year[30] - The company reported a net profit margin improvement, with net income figures reflecting operational efficiency gains[26] Assets and Liabilities - Total assets increased by 11.02% to CNY 1,025,451,948.44 compared to the end of the previous year[7] - Total assets increased to ¥1,034,609,454.57 from ¥912,101,904.79, representing a growth of approximately 13.4%[22] - Current assets rose to ¥646,861,085.91, up from ¥547,172,392.90, indicating an increase of about 18.2%[18] - Total liabilities increased to ¥202,269,434.23 from ¥127,814,324.65, representing a growth of about 58.2%[24] - Current liabilities rose to ¥185,348,538.27 from ¥110,893,428.69, indicating an increase of approximately 67%[24] - Owner's equity increased to ¥832,340,020.34 from ¥784,287,580.14, reflecting a growth of about 6.1%[24] Cash Flow - Cash flow from operating activities decreased by 26.83% to CNY 66,269,326.73 due to increased procurement expenditures[13] - The net cash flow from operating activities for Q1 2017 was CNY 66,269,326.73, slightly up from CNY 64,893,592.80 in Q1 2016[34] - Total cash inflow from operating activities was CNY 328,588,359.86, compared to CNY 218,178,854.60 in the previous year, marking a 50.8% increase[34] - Operating cash inflow for Q1 2017 was CNY 328,819,802.76, up from CNY 211,891,836.30 in the previous period, representing a 55.2% increase[36] - Net cash flow from operating activities improved to CNY 69,965,100.71, compared to a net outflow of CNY 233,865,414.98 in the same period last year[36] - Cash and cash equivalents at the end of Q1 2017 totaled CNY 388,223,523.13, an increase from CNY 269,527,500.48 in the previous period, marking a 43.9% rise[37] Expenses - The company’s financial expenses decreased significantly by 182.66%, attributed to no loan interest expenses and increased interest income[13] - Sales expenses for Q1 2017 totaled CNY 19,518,956.89, an increase of 16.0% compared to CNY 16,075,253.39 in the same period last year[30] - Management expenses decreased to CNY 9,363,407.94 in Q1 2017 from CNY 13,459,852.34 in Q1 2016, a reduction of 30.5%[30] - The company reported a financial expense of CNY -347,538.74 in Q1 2017, compared to CNY 655,761.26 in the same period last year, indicating improved financial management[30] Shareholder Information - The number of shareholders reached 12,177, indicating a stable shareholder base[11] - The weighted average return on equity remained unchanged at 5.93%[7] Government Support - The company received government subsidies amounting to CNY 1,000,000, contributing to a 276.81% increase in non-operating income[13] Inventory and Receivables - Prepayments increased by 135.94%, primarily due to higher advance payments for purchased base oil and additives[13] - Accounts receivable grew to ¥17,814,234.10 from ¥14,258,717.88, reflecting an increase of about 25.5%[18] - Inventory increased to ¥70,234,308.79 from ¥68,202,348.39, showing a rise of approximately 3%[18]