RSPC(SZ:002493)2017-04-25 16:00Financial Performance - The company's revenue for Q1 2017 reached ¥15,598,558,843.62, representing a 116.20% increase compared to ¥7,214,963,698.99 in the same period last year[8]. - Net profit attributable to shareholders was ¥620,881,257.24, a significant increase of 311.47% from ¥150,891,728.82 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥486,824,232.78, up 225.66% from ¥149,486,423.90 in the previous year[8]. - Basic earnings per share rose to ¥0.24, a 300.00% increase from ¥0.06 in the previous year[8]. - The estimated net profit attributable to shareholders for the first half of 2017 is expected to increase by 37.42% to 65.00%, ranging from 100,000 to 120,000 thousand yuan, compared to 72,726.97 thousand yuan in the same period of 2016.[23]. - The company anticipates significant improvement in profitability due to the steady release of benefits from the aromatics segment, with stable market conditions in the PTA and chemical fiber segments.[23]. Cash Flow and Assets - The net cash flow from operating activities was ¥580,065,211.92, an increase of 265.35% compared to ¥158,770,124.75 in the same period last year[8]. - Total assets at the end of the reporting period were ¥43,476,775,390.29, reflecting a 6.98% increase from ¥40,641,368,050.04 at the end of the previous year[8]. - The net assets attributable to shareholders increased to ¥13,288,857,741.68, up 4.88% from ¥12,671,118,451.66 at the end of the previous year[8]. Receivables and Prepayments - Accounts receivable increased by 145.85% due to higher customer payments at the subsidiary Yisheng DaHua Petrochemical Co., Ltd.[16]. - Prepayments rose by 40.48% primarily due to increased advance payments for raw materials at subsidiaries[16]. - Other receivables increased by 39.31% mainly due to higher claims for import consumption tax refunds at Ningbo Zhongjin Petrochemical Co., Ltd.[16]. Revenue and Costs - Revenue increased by 116.2% year-on-year, primarily due to the increase in revenue from the subsidiary Ningbo Zhongjin Petrochemical Co., Ltd.[17]. - Operating costs rose by 116.49% year-on-year, mainly due to increased sales volume from the subsidiary Ningbo Zhongjin Petrochemical Co., Ltd.[17]. - Tax and additional charges surged by 1,337.57% year-on-year, attributed to increased sales volume leading to higher consumption tax and additional charges from the subsidiary Ningbo Zhongjin Petrochemical Co., Ltd.[17]. Expenses - Management expenses increased by 106.48% year-on-year, primarily due to higher research and development expenditures by the company and its subsidiaries.[17]. - Financial expenses rose by 82.21% year-on-year, mainly due to increased interest expenses on bank loans by the company and its subsidiaries.[18]. Investment Income - Investment income surged by 1,048.29% year-on-year, primarily due to increased profits from financial assets measured at fair value and recognized in the current period.[18].