Daqian(SH:603955)2017-04-28 16:00Financial Performance - Operating revenue for the period was CNY 62,726,892.96, representing a 9.55% increase year-on-year[6] - Net profit attributable to shareholders increased by 9.29% to CNY 1,547,711.63 compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,444,361.45, a significant increase of 432.59% compared to the previous year[6] - Basic and diluted earnings per share were both CNY 0.0237, up 9.22% from the previous year[6] - The net profit for Q1 2017 reached CNY 2,257,794.90, significantly up from CNY 872,995.12 in Q1 2016, representing a growth of 158.5%[30] - The total profit for Q1 2017 was CNY 3,061,017.66, up from CNY 1,248,138.72 in the same quarter last year, marking a growth of 144.5%[30] Assets and Liabilities - Total assets increased by 2.67% to CNY 1,614,789,344.35 compared to the end of the previous year[6] - The company’s total liabilities decreased by 33.22% in accounts payable to ¥231,575,656.93 from ¥346,753,423.46, due to accelerated payment settlements[14] - Current liabilities decreased to CNY 378,551,056.96 from CNY 630,248,746.27, a reduction of 40%[24] - Total equity increased to CNY 961,277,222.15 from CNY 663,294,427.25, representing a growth of 45%[24] Cash Flow - The net cash flow from operating activities was negative at CNY -108,245,743.96, a decrease of 316.27% compared to the previous year[6] - The cash flow from operating activities was CNY 72,186,333.69, a decrease from CNY 247,502,529.41 in the same period last year, indicating a change in cash management[33] - The net cash flow from financing activities was 143,355,724.99 RMB, a turnaround from -73,625,953.75 RMB in the previous period, showing improved financing conditions[35] - The company reported a net increase in cash and cash equivalents of 228,849,173.35 RMB, compared to 59,547,555.48 RMB in the previous period, demonstrating improved cash management[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,903[11] - The largest shareholder, Jiangsu Daqian Investment Development Co., Ltd., held 36.94% of the shares[11] Investment and Financing - The company raised ¥295,725,000.00 from issuing shares, a significant increase of 2,857.25% compared to ¥10,000,000.00 in the previous period[17] - Cash inflow from financing activities totaled 304,905,000.00 RMB, a substantial increase from 70,000,000.00 RMB in the previous period, reflecting successful capital raising efforts[39] Operational Efficiency - Sales revenue from goods and services decreased by 70.83% to ¥72,186,333.69 from ¥247,502,529.41, primarily due to a reduction in project payments received compared to the previous year[17] - The company experienced a reduction in sales expenses, with CNY 14,305,949.23 in Q1 2017 compared to CNY 11,702,839.23 in Q1 2016, suggesting improved cost control[29] - The company reported a decrease in tax expenses, with CNY 803,222.76 in Q1 2017 compared to CNY 375,143.60 in Q1 2016, reflecting improved profitability[30]