TSGF(SZ:002800)2017-04-24 16:00Financial Performance - The company's operating revenue for Q1 2017 was ¥185,157,936.78, representing an increase of 87.68% compared to ¥98,656,074.43 in the same period last year[9] - The net profit attributable to shareholders for Q1 2017 was ¥7,409,681.83, up 92.95% from ¥3,840,175.09 in the previous year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,343,942.10, a 90.88% increase from ¥3,847,363.98 year-on-year[9] - The basic earnings per share for Q1 2017 was ¥0.0992, reflecting a growth of 44.61% compared to ¥0.0686 in the same period last year[9] - Net profit attributable to the parent company rose by 92.96% year-on-year to 74.10 million yuan, attributed to increased revenue and reduced expenses[16] - Net profit for the period was CNY 8,345,260.43, up from CNY 3,805,722.61 in the previous year, representing a growth of approximately 119.9%[36] - Total comprehensive income attributable to the parent company was CNY 7,409,681.83, compared to CNY 3,840,175.09 in the previous year, indicating a growth of 93.5%[41] Cash Flow and Liquidity - The net cash flow from operating activities for Q1 2017 was -¥12,919,625.52, an improvement of 70.95% compared to -¥44,470,845.70 in the same period last year[9] - Cash flow from operating activities showed a net outflow of CNY 12,919,625.52, an improvement from a net outflow of CNY 44,470,845.70 in the same quarter last year[44] - Cash and cash equivalents decreased by 30.24% to 52.98 million yuan, mainly due to increased cash payments for business growth[16] - The company reported cash and cash equivalents at the end of Q1 2017 of CNY 28,981,103.13, compared to CNY 8,448,623.16 at the end of Q1 2016[45] - The cash inflow from operating activities was primarily driven by an increase in cash received from sales, which amounted to 68,145,998.94 CNY, up from 51,726,500.59 CNY[46] - The company raised CNY 21,700,000.00 through financing activities in Q1 2017, down from CNY 45,100,000.00 in the same period last year[45] Assets and Liabilities - The total assets at the end of the reporting period were ¥638,317,163.36, a decrease of 2.26% from ¥653,091,788.20 at the end of the previous year[9] - The total assets of the company stood at CNY 486,095,857.84, an increase from CNY 474,385,629.33 at the beginning of the period[32] - The total liabilities decreased to CNY 171,292,531.40 from CNY 161,409,013.90, indicating a reduction in financial obligations[33] - The company reported a decrease in short-term borrowings to CNY 60,100,000.00 from CNY 68,400,000.00, reflecting improved liquidity management[32] Shareholder Information - The company reported a total of 15,353 common shareholders at the end of the reporting period[12] - The largest shareholder, Xinjiang Tienshun Investment Group Co., Ltd., held 44.99% of the shares, totaling 33,600,000 shares[12] Inventory and Receivables - Inventory surged by 117.98% to 18.48 million yuan, reflecting increased orders in the supply chain business[16] - Accounts receivable decreased by 53.62% to 41.63 million yuan, attributed to increased bill discounts[16] - Prepayments increased by 56.72% to 142.09 million yuan, due to increased payments in the supply chain business[16] - Accounts receivable rose to CNY 113,676,042.94 from CNY 111,243,641.43, indicating a slight increase in credit sales[31] - Inventory levels increased significantly to CNY 14,688,478.12 from CNY 1,916,883.81, suggesting potential stockpiling or slower turnover[31] Financial Expenses - Financial expenses decreased by 34.06% to 2.19 million yuan, primarily due to loan repayments[16] - Financial expenses decreased significantly to CNY 1,407,890.49 from CNY 3,211,403.20, a reduction of 56.3%[40]