兴业股份(603928) - 2017 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 227,047,134.48, representing a 14.41% increase year-on-year[7] - Net profit attributable to shareholders decreased by 38.12% to CNY 18,714,529.68 compared to the same period last year[7] - Basic earnings per share decreased by 55.00% to CNY 0.09 compared to the same period last year[7] - Net profit for Q1 2017 was ¥18,714,529.68, a decrease of 38.4% from ¥30,242,051.83 in Q1 2016[24] - Earnings per share for Q1 2017 were ¥0.09, down from ¥0.20 in the same period last year[24] - Operating profit for Q1 2017 was ¥16,143,484.99, down 52.5% from ¥33,963,932.39 in Q1 2016[23] Assets and Liabilities - Total assets increased by 2.62% to CNY 1,229,595,347.19 compared to the end of the previous year[7] - The total liabilities increased to CNY 169,768,599.18 from CNY 157,118,719.34, reflecting a rise in accounts payable and tax liabilities[17] - Total liabilities as of the end of Q1 2017 were ¥185,061,167.26, compared to ¥172,925,294.15 at the end of Q1 2016, reflecting an increase of 7.3%[20] - The company's cash and cash equivalents decreased to CNY 208,800,303.97 from CNY 472,422,370.16, indicating a significant reduction in liquidity[16] - The accounts receivable increased to CNY 375,806,673.47 from CNY 314,565,984.29, showing a growth in credit sales[16] - Total equity as of the end of Q1 2017 was ¥1,048,267,607.69, up from ¥1,029,330,877.80 in Q1 2016, representing a growth of 1.8%[20] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -7,453,561.87, a decline of 24.39% year-on-year[7] - Net cash flow from operating activities was -¥7,453,561.87, compared to -¥5,992,035.34 in the previous period, indicating a worsening cash flow situation[27] - Total cash outflow from investment activities reached ¥257,559,936.28, significantly higher than ¥15,353,648.64 in the previous period, primarily due to cash payments related to investments[27] - Net cash flow from investment activities was -¥257,160,614.82, compared to -¥15,321,434.65 in the previous period, reflecting increased investment expenditures[27] - The company reported a total cash outflow of -¥264,622,066.19 for the period, compared to -¥21,314,356.41 in the previous period, highlighting a substantial decline in cash reserves[28] Operating Costs and Profitability - The company's gross profit margin was impacted by a 34% increase in operating costs due to rising raw material prices[13] - Total operating costs for Q1 2017 were ¥210,903,649.49, up 28.2% from ¥164,478,800.84 in Q1 2016[23] - The cash paid for purchasing goods and services increased by 42% to CNY 205,537,585.37, driven by higher procurement volumes and rising raw material prices[14] - Cash outflow for purchasing goods and services rose to ¥205,537,585.37, up from ¥145,253,990.91 in the previous period, indicating increased operational costs[27] Government Support - The company received government subsidies amounting to CNY 5,020,940.00 related to its successful listing on the Shanghai Stock Exchange[7] - Cash received from government incentives reached CNY 5,020,940.00, a substantial increase of 16,317% compared to CNY 30,584.15 in the same period last year[14] Shareholder Information - The number of shareholders reached 22,194 by the end of the reporting period[11] Future Outlook - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[22]