Tianyong(SH:603895)2018-04-24 16:00Financial Performance - Operating revenue decreased by 18.14% to CNY 113,292,209.67 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 50.44% to CNY 12,120,225.91 compared to the same period last year[6] - Basic earnings per share decreased by 59.45% to CNY 0.1713 compared to the same period last year[6] - Total revenue for the first quarter was CNY 113,292,209.67, a decrease of 18.2% from CNY 138,393,464.98 in the previous period[27] - Net profit for the period was CNY 12,079,611.94, a decline of 50.3% compared to CNY 24,293,424.94 in the same period last year[28] - Earnings per share (EPS) decreased to CNY 0.1713 from CNY 0.4224, reflecting a 59.5% drop[28] - Operating revenue for Q1 2018 was RMB 113,292,209.67, a decrease of 18.2% compared to RMB 138,393,464.98 in the previous period[30] - Net profit for Q1 2018 was RMB 12,616,311.58, down 51.4% from RMB 25,993,287.85 in the same period last year[30] - Operating profit decreased to RMB 14,779,044.86, a decline of 51.2% from RMB 30,319,580.04 in the previous year[30] Asset and Equity Growth - Total assets increased by 49.60% to CNY 1,031,684,004.99 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 115.06% to CNY 627,397,836.21 compared to the end of the previous year[6] - The total equity attributable to shareholders increased to RMB 627,397,836.21 from RMB 291,728,553.69, reflecting strong retained earnings and capital accumulation[20] - The company's total equity increased to CNY 635,731,525.73 from CNY 299,566,157.54, a growth of 112.9%[25] - Total assets increased to CNY 1,037,895,658.52 from CNY 685,663,670.57, representing a growth of 51.4%[24] Cash Flow and Investment Activities - Cash flow from operating activities improved to CNY 1,800,559.55 from a negative CNY 12,833,169.05 in the previous year[6] - Cash flow from investment activities showed a net outflow of RMB -160,672,534.64, a 313.78% increase compared to RMB -38,830,248.78 in the previous year, mainly due to investments in principal-protected bank financial products[14] - Cash inflow from financing activities was RMB 331,857,547.18, with no inflow recorded in the previous period[35] - Cash inflow from the recovery of investments was $70,000,000.00, up from $55,000,000.00 in the previous period[38] - Cash paid for investments surged to $227,000,000.00 from $90,000,000.00 in the previous period[38] Management and Operational Expenses - The company experienced a 44.97% increase in management expenses, totaling RMB 14,201,812.43, primarily due to the increase in employee compensation related to the growth of R&D personnel[13] - The company incurred management expenses of RMB 13,674,015.88, an increase of 69.3% compared to RMB 8,089,612.30 in the previous period[30] Cash and Cash Equivalents - The company experienced a 409.13% increase in cash and cash equivalents to CNY 200,249,602.79 due to the public offering[12] - Cash and cash equivalents significantly increased to CNY 199,339,525.28 from CNY 35,164,869.38, a growth of 466.5%[23] - Total cash and cash equivalents at the end of Q1 2018 increased to RMB 200,249,602.79 from RMB 39,917,000.88 at the end of the previous period[35] - The ending cash and cash equivalents balance increased to $199,339,525.28 from $30,705,002.52 in the previous period[39] Liabilities - The company's total liabilities increased slightly to RMB 405,038,537.94 from RMB 398,593,542.49, indicating a stable financial position[20] - Total liabilities rose to CNY 402,164,132.79, up from CNY 386,097,513.03, indicating a 4.2% increase[24]