齐峰新材(002521) - 2017 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2017 was ¥771,213,973.49, representing a 43.31% increase compared to ¥538,156,781.00 in the same period last year[7] - The net profit attributable to shareholders was ¥38,360,452.35, a significant increase of 103.67% from ¥18,834,319.20 year-on-year[7] - The net profit after deducting non-recurring gains and losses reached ¥32,584,157.78, marking a 208.50% increase from ¥10,562,117.06 in the previous year[7] - The basic earnings per share doubled to ¥0.08 from ¥0.04, reflecting a 100% increase[7] - The net profit attributable to shareholders for the first half of 2017 is expected to range from 83.02 million to 113.20 million RMB, representing a year-on-year increase of 10% to 50%[17] - The net profit for the first half of 2016 was 75.47 million RMB, indicating a positive growth trend in 2017[17] - The increase in profit is attributed to a rise in product sales volume and an adjustment in product pricing[17] Assets and Cash Flow - Total assets at the end of the reporting period were ¥4,243,177,344.38, a slight increase of 0.47% from ¥4,223,451,613.20 at the end of the previous year[7] - The net cash flow from operating activities was negative at -¥68,309,586.23, a decline of 151.51% compared to ¥132,622,961.46 in the previous year[7] Inventory and Expenses - The company's inventory increased by 70.02% to ¥665,195,718.58, primarily due to a rise in raw material stock[15] - The company's sales expenses rose by 37.71% to ¥23,101,928.32, driven by increased shipping costs due to higher sales volume[15] - The company's prepayments increased by 124.97% to ¥219,777,314.82, indicating a rise in advance payments for raw materials[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,713[11]