久远银海(002777) - 2017 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2017 was ¥93,097,596.91, representing a 24.69% increase compared to ¥74,661,508.78 in the same period last year[8]. - The net profit attributable to shareholders was ¥6,879,726.76, up 24.23% from ¥5,538,100.10 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥6,443,624.16, reflecting a 25.95% increase from ¥5,115,935.55 in the previous year[8]. - The basic earnings per share increased by 28.57% to ¥0.09 from ¥0.07 in the same period last year[8]. - The weighted average return on equity was 1.49%, up from 1.31% in the previous year[8]. - The company expects net profit attributable to shareholders for the first half of 2017 to range from CNY 30.14 million to CNY 38.37 million, representing a growth of 10% to 40% compared to the same period in 2016[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,089,309,848.49, a decrease of 2.77% from ¥1,120,339,351.91 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 1.50% to ¥464,105,215.01 from ¥457,225,488.25 at the end of the previous year[8]. - Accounts receivable decreased by CNY 1.9545 million, down 88.26%, mainly due to a reduction in discounted accounts receivable[15]. - Tax payable decreased by CNY 15.9933 million, down 80%, mainly due to a reduction in corporate income tax and value-added tax paid[15]. Cash Flow - The net cash flow from operating activities was negative at -¥58,527,684.08, worsening by 24.73% compared to -¥46,925,121.45 in the same period last year[8]. - Net cash outflow from operating activities increased by CNY 11.6026 million, a decrease of 24.73%, mainly due to a 23.48% decline in cash received from sales[15]. - Net cash outflow from investing activities increased by CNY 6.7474 million, a decrease of 157.65%, primarily due to increased cash payments for fixed assets and intangible assets[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,110[11]. - The company plans to raise up to CNY 500 million through a private placement of shares at CNY 72.44 per share[16]. Expenses and Provisions - Sales expenses increased by CNY 2.5168 million, up 39.94%, primarily due to an increase in employee compensation[15]. - Asset impairment losses increased by CNY 4.8744 million, up 153.34%, mainly due to an increase in bad debt provisions[15]. Financing Activities - The company is in the process of applying for a CNY 75 million loan with a 15-year term at an interest rate of 1.2%[18]. - The company reported non-recurring gains of ¥436,102.60 during the reporting period[9].