BOSUN(SZ:002282)2017-04-20 16:00Financial Performance - The company's operating revenue for Q1 2017 was CNY 121,390,652.09, representing a 4.36% increase compared to CNY 116,318,259.30 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2017 was CNY 4,142,769.46, up 6.87% from CNY 3,876,481.59 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 86.65% to CNY 4,158,240.33 from CNY 2,227,785.08 in the previous year[8]. - The net cash flow from operating activities improved significantly, with a net outflow of CNY 3,365,707.24, a 62.69% reduction from CNY 9,021,354.39 in the same period last year[8]. - The company expects net profit attributable to shareholders for the first half of 2017 to range from ¥1,152.46 million to ¥1,536.61 million, reflecting a change of -10.00% to 20.00% compared to the same period last year[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,029,465,643.10, a slight decrease of 0.06% from CNY 1,030,043,086.62 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 1.02% to CNY 809,801,985.99 from CNY 801,617,791.87 at the end of the previous year[8]. - The total number of ordinary shareholders at the end of the reporting period was 18,571[12]. - The top shareholder, Chen Huairong, held 13.83% of the shares, amounting to 46,778,240 shares, with 35,083,680 shares pledged[12]. Cash Flow - The net cash flow from operating activities improved by 62.69%, reaching -¥3,365,707.24, due to higher cash receipts from sales[16]. - The net cash flow from investing activities significantly improved by 514.68% to ¥9,300,943.90, driven by the recovery of investment financial products[16]. Expenses and Financial Changes - Financial expenses surged by 206.67% to ¥3,572,508.69, primarily due to increased interest expenses and foreign exchange losses[16]. - The company reported a 229.33% increase in taxes and surcharges, totaling ¥2,896,276.90, due to changes in accounting policies[16]. Other Financial Activities - The company is in the process of acquiring 100% equity of Changzhou Jinniu Grinding Co., Ltd., with the restructuring plan currently under review[17]. - The company plans to expedite the restructuring process and fulfill subsequent decision-making and disclosure obligations[17]. - The company recorded a 78.65% decrease in other current assets, amounting to ¥3,786,856.60, due to a reduction in bank wealth management products[16]. - The company's prepayments increased by 38.72% to ¥9,442,627.86 due to higher material payments[16]. - Other receivables rose by 44.70% to ¥14,086,087.49, attributed to increased customs guarantee deposits[16]. - The company reported non-recurring gains and losses totaling CNY -15,470.87 for the period, with a tax impact of CNY 27,413.84[10]. - The weighted average return on net assets for Q1 2017 was 0.52%, slightly up from 0.49% in the same period last year[8].