First(SH:603806)2017-04-25 16:00Financial Performance - Operating revenue rose by 11.68% to CNY 1,001,512,237.24 year-on-year[8] - Net profit attributable to shareholders decreased by 37.19% to CNY 100,314,599.86 compared to the same period last year[8] - Basic earnings per share fell by 30.00% to CNY 0.28[8] - Operating revenue for Q1 2017 reached 1,001.51 million RMB, an increase of 11.68% compared to the same period last year[24] - Net profit attributable to shareholders for Q1 2017 was 100.31 million RMB, a decrease of 37.19% year-on-year[24] - The company reported a 35.02% increase in operating costs, amounting to 207.19 million RMB, attributed to increased sales volume and rising unit costs[18] - The company's operating revenue for Q1 2017 was ¥752,983,593.65, a decrease of 4.9% compared to ¥784,901,014.92 in the same period last year[37] - The net profit for Q1 2017 was ¥90,313,723.08, down 32.5% from ¥133,926,205.30 in Q1 2016[38] - The operating profit decreased to ¥105,335,431.24, a decline of 30.4% from ¥151,195,309.89 year-over-year[37] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 211,474,489.73, a decrease of 3,642.51% year-on-year[8] - Cash flow from operating activities decreased by 205.82 million RMB, a decline of 3642.51% compared to the same period last year, primarily due to changes in payment methods from suppliers[19] - The cash flow from operating activities showed a net outflow of ¥211,474,489.73, compared to a net outflow of ¥5,650,602.05 in the previous year[40] - Net cash flow from operating activities was -$119,314,041.72, compared to -$19,023,932.11 in the prior period, indicating a significant decline[42] Assets and Liabilities - Total assets increased by 2.06% to CNY 5,609,533,066.19 compared to the end of the previous year[8] - Total assets as of March 31, 2017, were 5,609.53 million RMB, an increase from 5,496.52 million RMB at the beginning of the year[28] - The total liabilities decreased slightly to ¥498,157,211.88 from ¥514,214,073.05, a reduction of 3.3%[33] - The company's total assets as of March 31, 2017, amounted to ¥4,782,893,334.21, compared to ¥4,708,636,472.30 at the beginning of the year, showing a growth of 1.6%[33] Inventory and Construction - Inventory increased by 34.26% to CNY 163,734,400.00, primarily due to increased raw material purchases[15] - Construction in progress rose by 44.43% to CNY 33,447,000.00, attributed to factory construction in Thailand and new production lines[15] - Inventory increased to ¥502,202,186.92 from ¥413,228,449.52, representing a rise of 21.5%[32] Shareholder Information - The number of shareholders reached 18,870 at the end of the reporting period[12] Other Financial Metrics - Other comprehensive income increased by 86.28% to CNY 4,448,100.00, mainly due to foreign currency translation differences[16] - The weighted average return on equity decreased by 38.42 percentage points to 2.26%[8] - The company’s asset impairment losses decreased by 77.16%, amounting to 53.00 million RMB, due to a reduction in bad debt provisions[18] - The company’s fair value gains increased by 100.00%, amounting to 0.78 million RMB, as there were no losses from foreign exchange transactions in the current period[18] - The company reported a significant increase in accounts receivable, which rose to ¥890,427,970.65 from ¥755,800,271.61, marking an increase of 17.8%[31] Investment Activities - Cash inflow from investment activities reached $3,137,000,430.68, a substantial increase from $1,231,150,024.06, reflecting a growth of approximately 154.5%[42] - Cash outflow from investment activities was $3,019,733,173.35, up from $825,602,284.74, marking an increase of about 266.5%[42] - The company incurred an asset impairment loss of ¥-6,631,730.39, a significant improvement from ¥60,965,065.68 in the same period last year[37]