GRANDWALL(SH:603897)2018-04-25 16:00Financial Performance - Operating revenue rose by 19.42% to CNY 1,113,730,153.22 year-on-year[6] - Net profit attributable to shareholders increased by 14.20% to CNY 35,449,956.80 compared to the same period last year[6] - Basic earnings per share improved by 29.17% to CNY 0.31[6] - The net profit for the current period was ¥41,784,098.77, representing a growth of 32.5% from ¥31,548,921.53 in the same period last year[19] - Total comprehensive income for the current period was ¥41,784,098.77, compared to ¥31,548,921.53 in the previous period, reflecting overall growth[19] Asset and Liability Changes - Total assets increased by 5.28% to CNY 1,387,605,728.76 compared to the end of the previous year[6] - Total liabilities increased to ¥548,959,444.88 from ¥521,210,106.57, indicating a rise in the company's obligations[16] - Cash and cash equivalents decreased by 97.01% to ¥7,804,877 from ¥260,597,803 due to the repayment of maturing notes payable[12] - Accounts receivable increased by 599.93% to ¥319,879,287.98 from ¥45,701,824.10, primarily due to a decrease in the discounting of acceptance bills[12] - Prepayments increased by 475.95% to ¥1,383,010.82 from ¥240,128.40, attributed to an increase in advance payments for purchases[12] Cash Flow Analysis - Cash flow from operating activities decreased significantly by 149.15% to -CNY 560,731,819.38 compared to the previous year[6] - The company reported a net cash flow from operating activities of -¥560,731,819.38, worsening from -¥225,053,861.74 in the previous period[20] - Investment activities resulted in a net cash outflow of -¥5,347,270.22, compared to a net inflow of ¥627,272.33 in the previous period[23] - The financing activities generated a net cash inflow of ¥344,163,162.30, significantly higher than ¥155,199,320.26 in the previous period[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 9[10] - The largest shareholder, Zhejiang Great Wall Electronic Technology Group Co., Ltd., holds 61.10% of the shares[11] Company Strategy and Developments - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[18] Other Financial Metrics - The company’s weighted average return on equity increased by 0.14 percentage points to 5.11%[6] - Other income increased by 1389.65% to ¥8,415,031 from ¥564,900, primarily due to a significant rise in government subsidies received[13] - Deferred income rose by 164.00% to ¥3,908,500 from ¥1,480,500, mainly due to an increase in government grants related to assets[12] - Short-term borrowings rose by 359.57% to ¥432,000,000 from ¥94,000,000, indicating an increase in borrowings during the period[12] - The gross profit margin improved to 7.2%, up from 6.9% in the previous period, indicating better cost management[18]