HOLIKE(SH:603898)2017-04-20 16:00Financial Performance - Operating revenue increased by 35.19% to CNY 263,216,174.87 year-on-year[6] - Net profit attributable to shareholders increased by 86.09% to CNY 25,665,851.65 compared to the same period last year[6] - Basic and diluted earnings per share increased by 80.00% to CNY 0.09[6] - Total profit increased by 51.86% compared to the same period last year, driven by sales growth and increased investment income and non-operating income[15] - Net profit rose by 86.09% year-on-year, attributed to sales growth, increased investment income, and a reduction in income tax expenses[15] Cash Flow - Cash flow from operating activities showed a significant decline of 191.69%, resulting in a net cash outflow of CNY 80,317,086.64[6] - Cash flow from operating activities decreased by 191.69% year-on-year, primarily due to higher payments to suppliers and other cash related to operating activities[16] - Cash inflow from operating activities totaled ¥262,351,115.55, up from ¥204,745,248.80 in the previous year, indicating a growth of about 28.0%[36] - The net cash flow from operating activities was -¥80,317,086.64, worsening from -¥27,535,515.95 in the prior year, reflecting a decline in operational efficiency[36] - The company reported cash outflows from operating activities of ¥342,668,202.19, which increased from ¥232,280,764.75 in the previous year, reflecting higher operational costs[36] Assets and Liabilities - Total assets decreased by 5.10% to CNY 1,491,806,584.08 compared to the end of the previous year[6] - Total liabilities decreased to ¥291,791,252.29 from ¥411,909,049.85, a reduction of 29.1%[28] - Current assets totaled ¥676,785,404.90, down 18.0% from ¥824,974,015.91 year-over-year[28] - Non-current assets increased to ¥808,800,727.95 from ¥752,512,066.33, an increase of 7.5%[28] - The company’s total equity increased to ¥1,193,794,880.56 from ¥1,165,577,032.39, a growth of 2.4%[28] Investment Activities - Cash flow from investing activities showed a net inflow of 11.94 million yuan, compared to a net outflow of 162.25 million yuan in the same period last year[16] - Cash inflow from investment activities was ¥467,213,354.27, compared to ¥340,924,054.79 in the previous year, marking an increase of approximately 37.0%[38] - The net cash flow from investment activities improved to ¥11,943,064.03 from -¥162,250,078.83 year-over-year, indicating a significant recovery in investment performance[36] - The cash flow from investment activities included cash received from the recovery of investments amounting to ¥462,150,000.00, up from ¥340,000,000.00 in the previous year, representing a growth of approximately 36.0%[39] Operating Costs and Expenses - Operating costs increased by 32.02% year-on-year, primarily due to the rise in main business costs corresponding to the increase in main business revenue[13] - Sales expenses increased by 37.95% compared to the same period last year, mainly due to increased advertising and promotional expenses as business scale expanded[13] - Management expenses surged by 56.68% year-on-year, primarily due to the amortization of newly added restricted stock incentive expenses during the reporting period[14] - Tax and additional charges rose by 40.98% year-on-year, mainly due to the increase in urban construction tax and education fees as sales scale expanded[13] Accounts Receivable and Financial Assets - Accounts receivable increased by 115.28% due to credit support provided to certain distributors[11] - Available-for-sale financial assets surged by 597.01% due to increased equity investment in Guangdong Liangmeike Residential Industry Co., Ltd.[11] - Construction in progress rose by 30.89% due to new projects for the Huizhou subsidiary[11] - Prepayments decreased by 38.21% as advertising expenses began to be amortized[11]