HOLSIN(SH:603909)2017-04-19 16:00Financial Performance - Net profit attributable to shareholders decreased by 9.46% to CNY 11,485,846.28 year-on-year[7] - Operating revenue increased by 6.21% to CNY 64,852,243.25 compared to the same period last year[7] - Basic earnings per share decreased by 32.05% to CNY 0.1149[7] - Net profit for Q1 2017 was CNY 11,388,991.99, a decrease of 10.4% from CNY 12,704,007.38 in Q1 2016[26] - Earnings per share for Q1 2017 were CNY 0.1149, down from CNY 0.1691 in Q1 2016, representing a decline of 32.0%[26] - Total comprehensive income for the first quarter of 2017 was CNY 7,430,978.71, compared to CNY 7,698,240.25 in the same period last year, reflecting a decrease of approximately 3.48%[30] - The company reported a gross profit margin of approximately 20.9% for Q1 2017, compared to 21.0% in Q1 2016[24] Cash Flow - The net cash flow from operating activities was negative at CNY -16,193,923.65, a decrease of 436.81% year-on-year[7] - Net cash flow from operating activities was -CNY 16,193,923.65, a significant decline from -CNY 3,016,678.31 in the previous year, indicating a worsening cash flow situation[30] - Cash inflow from operating activities totaled CNY 67,574,071.89, down from CNY 69,847,364.16 year-over-year, representing a decrease of about 3.25%[30] - Cash outflow from operating activities increased to CNY 83,767,995.54, compared to CNY 72,864,042.47 in the previous year, marking an increase of approximately 14.96%[30] - Cash flow from investing activities was -CNY 8,240,650.57, an improvement from -CNY 15,077,238.44 in the same period last year, indicating a reduced cash outflow[30] - Cash flow from financing activities generated a net inflow of CNY 1,368,129.85, down from CNY 9,025,483.87 in the previous year, showing a significant decrease in financing activities[31] - The ending cash and cash equivalents balance was CNY 96,527,325.92, compared to CNY 44,509,073.53 at the end of the same period last year, reflecting an increase of approximately 116.79%[31] Assets and Liabilities - Total assets decreased by 0.69% to CNY 653,157,088.52 compared to the end of the previous year[7] - Current assets totaled 495,821,620.88 RMB, down from 501,309,279.53 RMB at the start of the year[17] - The company's cash and cash equivalents decreased from 125,267,756.69 RMB to 101,205,534.39 RMB, reflecting a decline of approximately 19.2%[17] - Accounts receivable increased to 250,923,583.84 RMB from 239,232,246.51 RMB, indicating a growth of about 4.7%[17] - Total liabilities decreased from 81,051,483.81 RMB to 63,665,173.92 RMB, a reduction of approximately 21.4%[19] - Total liabilities at the end of Q1 2017 were CNY 30,461,610.64, down from CNY 33,789,401.15 in the previous year, indicating a decrease of 10.9%[23] - Owner's equity increased to CNY 467,600,953.78 in Q1 2017 from CNY 460,169,975.07 in Q1 2016, marking a growth of 1.0%[23] Operational Changes - Prepayments increased by 60.95% to CNY 7,046,778.12 due to software and equipment payments[13] - Inventory increased by 100.17% to CNY 8,918,929.34, attributed to construction projects[13] - Accounts payable decreased by 46.09% to CNY 11,073,527.88, reflecting scheduled payments for materials and project costs[13] - Financial expenses increased by 199.04% to CNY -183,003.82 due to increased interest income and reduced interest expenses[13] - The company announced a temporary suspension of trading on April 17, 2017, pending the determination of a significant matter that may constitute a major asset restructuring[14] - There were no overdue commitments or significant changes in net profit forecasted for the year compared to the previous year[14] - The company’s management indicated plans for market expansion and new product development in the upcoming quarters[27] Financial Efficiency - The weighted average return on net assets decreased by 2.19 percentage points to 1.97%[7] - The financial expenses for Q1 2017 showed a net income of CNY -183,003.82, compared to CNY -61,197.45 in Q1 2016, reflecting an increase in financial efficiency[25]