Join-Cheer(SZ:002279)2017-04-27 16:00Financial Performance - The company's operating revenue for Q1 2017 was ¥202,567,069.42, representing a 16.71% increase compared to ¥173,560,362.71 in the same period last year[5]. - The net profit attributable to shareholders was ¥5,871,669.39, a significant recovery from a loss of ¥6,506,268.95 in the previous year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,199,285.37, improving from a loss of ¥8,176,639.81 year-on-year[5]. - The basic earnings per share increased to ¥0.0108 from a loss of ¥0.0120 in the same period last year[5]. - Net profit turned positive at 4.1941 million yuan, compared to a loss of 9.6667 million yuan in the same period last year, driven by increased business revenues and the consolidation of Ruiyi Hengdong[13]. - Net profit attributable to shareholders of the parent company was 5.8717 million yuan, recovering from a loss of 6.5063 million yuan in the previous year, mainly due to increased business revenues and the consolidation of Ruiyi Hengdong[13]. - The company expects net profit attributable to shareholders for the first half of 2017 to range from 43 million to 50.85 million yuan, representing a year-on-year increase of 172.19% to 221.89%[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,600,786,978.06, down 6.98% from ¥2,795,870,631.63 at the end of the previous year[6]. - The net assets attributable to shareholders increased slightly by 0.26% to ¥2,169,321,765.46 from ¥2,163,798,446.03 at the end of the previous year[6]. Cash Flow - The company reported a net cash flow from operating activities of -¥116,956,481.59, an improvement from -¥132,613,244.43 in the previous year[5]. - Cash received from sales of goods and services was 237.9702 million yuan, up 36.30% year-on-year, attributed to the consolidation of Ruiyi Hengdong and expanded business scale[13]. - Cash received from tax refunds increased by 67.57% to 554,370 yuan, mainly due to increased VAT refunds during the reporting period[13]. Investments and Expenditures - The company reported a significant increase in development expenditures, which rose by 81.74% to ¥857.77 million, indicating increased investment in capitalized R&D projects[12]. - Cash paid for the purchase of fixed assets and intangible assets rose by 117.00% to 4.2834 million yuan, primarily due to payments for the construction of a government office building[14]. - The company plans to issue convertible bonds to raise up to 780 million yuan for projects including the establishment of a government affairs R&D center and the acquisition of 100% equity in Beijing Ruiyi Hengdong Technology Co., Ltd.[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 40,014[9]. - The company received government subsidies amounting to ¥1,113,109.59 during the reporting period, contributing to its financial performance[7]. Joint Ventures - The company and China Railway Construction Asset Management Co., Ltd. jointly established Beijing Jiuqi Jinjian Technology Co., Ltd. with a registered capital of 30 million yuan, with the company holding a 75% stake[16]. Financial Expenses - Financial expenses decreased by 2.23 million yuan to -461,000 yuan, mainly due to reduced foreign exchange losses on euro borrowings during the reporting period[13]. - Operating income increased by 60.83% to 8.5968 million yuan, primarily due to an increase in VAT refunds received during the reporting period[13].