SHBM(SH:900939)2017-04-24 16:00Revenue Performance - Total revenue for Q1 2017 reached CNY 3,465,609.27, a 57.57% increase compared to CNY 2,199,392.75 in Q1 2016[12] - Total revenue for the first quarter reached ¥3,465,609.27, a significant increase of 57.6% compared to ¥2,199,392.75 in the previous period[27] Profitability - Net profit attributable to shareholders was CNY 727,075.15, representing a 67.72% decrease from CNY 2,252,733.14 in the same period last year[12] - Basic earnings per share fell to CNY 0.0040, a decrease of 67.74% from CNY 0.0124 in Q1 2016[8] - The company experienced a net loss of -588,374.43 in Q1 2017, contrasting with a profit of 1,322,030.05 in the same period last year[30] - The total comprehensive income for the period was 722,477.75, down from 2,232,751.51 in the previous year[29] Cash Flow - The net cash flow from operating activities increased by 195.96% to CNY 2,888,146.05, up from CNY 975,855.87 in Q1 2016[13] - Cash inflows from operating activities totaled 4,307,281.52, compared to 2,145,288.89 in the previous year, indicating a growth of approximately 100.6%[32] - Operating cash flow net amount for the first quarter of 2017 was 2,888,146.05 RMB, a significant increase from 975,855.87 RMB in the previous year, reflecting a growth of approximately 195%[33] - The company reported a total cash outflow from operating activities of 1,419,135.47 RMB, up from 1,169,433.02 RMB, which is an increase of about 21.3%[33] Assets and Liabilities - Total assets as of March 31, 2017, were CNY 91,757,800.52, a slight increase of 0.14% from CNY 91,627,372.14 at the end of the previous year[8] - Current assets totaled ¥44,390,042.30 at the end of the period, up from ¥41,284,132.63 at the beginning of the year, reflecting a growth of 5.1%[18] - Non-current assets decreased to ¥47,367,758.22 from ¥50,343,239.51, indicating a decline of 5.9%[19] - Total liabilities decreased to ¥20,632,976.32 from ¥21,225,025.69, a reduction of 2.8%[20] - Owner's equity increased to ¥71,124,824.20 from ¥70,402,346.45, reflecting a growth of 1.0%[20] Inventory and Investments - Inventory decreased by 55.27% to CNY 884,848.66, attributed to increased revenue from flooring trade[12] - Long-term equity investments decreased to ¥24,552,655.82 from ¥26,816,840.29, a decline of 8.4%[18] - Investment activities generated a net cash outflow of CNY 33,000,000.00, a 34.69% increase compared to CNY 24,500,000.00 in the previous year[13] - Investment losses amounted to -2,264,184.47, a substantial increase from -796,049.78 in the prior year[30] Future Outlook - The company anticipates uncertainty in cumulative net profit for the year, primarily due to the performance variability of its joint venture, Shanghai Huili Coating Co., Ltd.[14] - The company is focusing on improving cash flow management and reducing operational costs in future strategies[32]