Guotai Group(SH:603977)2017-04-26 16:00Financial Performance - Operating revenue increased by 44.38% to CNY 96,016,262.85 compared to the same period last year[8] - Net profit attributable to shareholders decreased by 69.54% to CNY 7,454,590.35 compared to the same period last year[8] - Basic and diluted earnings per share decreased by 80.00% to CNY 0.03 compared to the same period last year[8] - Net profit for Q1 2017 was CNY 7,934,332.20, representing a 67.64% decrease from CNY 24,515,914.87 in the same period last year[16] - Total operating costs for Q1 2017 were CNY 90,584,269.98, up from CNY 66,906,637.62, reflecting a year-over-year increase of 35.5%[28] - Net profit for Q1 2017 was CNY 7,934,332.20, a decrease of 67.7% from CNY 24,515,914.87 in the previous year[30] - Basic earnings per share for Q1 2017 were CNY 0.03, down from CNY 0.15 in the same period last year[30] Cash Flow - Net cash flow from operating activities decreased by 24.13% to CNY -32,919,700.19 compared to the same period last year[8] - The total cash inflow from operating activities was CNY 82,810,344.38, an increase of 74.5% compared to CNY 47,489,278.51 in the previous period[34] - The cash outflow from operating activities totaled CNY 115,730,044.57, up from CNY 74,010,059.12, resulting in a net cash flow from operating activities of -CNY 32,919,700.19[35] - The net cash flow from investment activities was CNY 63,829,706.30, a turnaround from -CNY 72,013,413.69 in the previous period[35] - The total cash inflow from financing activities was CNY 75,000,000.00, while cash outflow was CNY 76,317,520.83, leading to a net cash flow from financing activities of -CNY 1,317,520.83[36] - The net increase in cash and cash equivalents was CNY 30,910,006.11, compared to a decrease of CNY 99,851,715.13 in the previous period[36] - The ending balance of cash and cash equivalents was CNY 168,046,476.13, significantly higher than CNY 26,051,165.73 at the end of the previous period[36] Assets and Liabilities - Total assets decreased by 2.74% to CNY 1,170,024,995.62 compared to the end of the previous year[8] - Total current assets decreased to CNY 462,937,304.94 from CNY 492,270,507.95 at the beginning of the year, a decline of 5.94%[19] - Total liabilities decreased to CNY 164,171,780.99 from CNY 204,727,594.45, a reduction of 19.77%[21] - Total liabilities for Q1 2017 were CNY 57,079,683.76, an increase from CNY 47,154,808.86 in the previous year[26] - The company's total equity was CNY 781,681,227.55, slightly down from CNY 782,745,543.40 in the previous period[26] Shareholder Information - The number of shareholders reached 28,750 at the end of the reporting period[13] - The largest shareholder, Jiangxi Military Industry Holding Group Co., Ltd., holds 41.09% of the shares[13] Accounts Receivable and Other Assets - Accounts receivable increased by 56.94% to CNY 84,982,882.44 due to new payment terms for goods[15] - Accounts receivable increased to CNY 84,982,882.44 from CNY 54,150,391.91, marking a 56.83% rise[19] - Other current assets decreased by 40.53% to CNY 138,771,707.45 from CNY 233,338,401.78[19] Non-Recurring Items and Gains - The company reported a non-recurring gain of CNY 2,755,693.67 during the reporting period[11] - The company anticipates potential losses or significant changes in cumulative net profit compared to the same period last year[17] Investment Activities - Cash inflow from investment activities was CNY 476,569,465.80, compared to CNY 321,219,733.38 in the previous period, marking a significant increase of 48.4%[35] - The company reported a financial expense of CNY -246,420.94, a significant improvement from CNY 396,942.66 in the previous year[29] - The company’s investment income for Q1 2017 was CNY 960,561.78, up from CNY 395,033.38 in the previous year[29] Employee Compensation - The company reported a significant reduction in employee compensation payable, down 38.49% to CNY 13,425,605.71 from CNY 21,825,279.83[21]