*ST新纺(002087) - 2017 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2017 was ¥1,118,867,123.26, representing a 39.70% increase compared to ¥800,890,235.48 in the same period last year[6] - Net profit attributable to shareholders was ¥22,958,376.85, up 40.09% from ¥16,387,934.15 year-on-year[6] - The net profit after deducting non-recurring gains and losses reached ¥17,523,499.19, an increase of 82.62% compared to ¥9,595,597.42 in the previous year[6] - Basic earnings per share increased by 16.12% to ¥0.0281 from ¥0.0242 year-on-year[6] - Net profit for Q1 2017 increased by 40.09% year-on-year, attributed to capacity release and increased sales volume[13] - For the first half of 2017, the net profit attributable to shareholders is expected to increase by 30.00% to 50.00%, ranging from 88.26 million to 101.83 million yuan[17] - The increase in net profit is attributed to increased cotton yarn production capacity and effective structural adjustments compared to the same period in 2016[17] Cash Flow - The net cash flow from operating activities was ¥54,593,932.04, a significant recovery from a negative cash flow of ¥234,870,627.35 in the same period last year[6] - The net cash flow from operating activities for Q1 2017 was 54.59 million yuan, compared to -234.87 million yuan in the same period last year[13] - The net cash flow from investing activities for Q1 2017 was -199.88 million yuan, a decrease from -122.19 million yuan year-on-year, mainly due to high cash payments for fixed assets and other long-term assets[14] - The net cash flow from financing activities decreased by 34.01% year-on-year, primarily due to increased cash payments for debt repayment[14] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥8,377,958,122.07, reflecting a 5.59% increase from ¥7,934,432,893.59 at the end of the previous year[6] - The net assets attributable to shareholders were ¥2,973,867,535.64, a slight increase of 0.78% from ¥2,950,909,158.79 at the end of the previous year[6] - The top shareholder, Xinye County Finance Bureau, holds 27.30% of the shares, amounting to 222,960,192 shares, with 110,500,000 shares pledged[9] - The total number of ordinary shareholders at the end of the reporting period was 36,806[9] Non-Recurring Gains and Construction - The company reported non-recurring gains of ¥5,434,877.66, primarily from government subsidies and asset disposals[7] - Construction in progress increased by 38.63% compared to the beginning of the year, mainly due to increased investment in construction by the company and Xinjiang Jinyu Company[13] Revenue and Costs - Operating revenue and operating costs grew by 39.70% and 41.84% year-on-year, respectively, primarily due to increased cotton yarn production capacity and sales in Q1 2017[13]