Enpack(SZ:002846)2017-10-26 16:00Financial Performance - Operating revenue for the reporting period was ¥116,797,889.53, representing a growth of 30.16% compared to the same period last year[8]. - Net profit attributable to shareholders of the listed company was ¥11,527,859.25, a decrease of 21.07% year-on-year[8]. - Net profit after deducting non-recurring gains and losses was ¥9,541,442.61, down 33.86% compared to the same period last year[8]. - Basic earnings per share were ¥0.0961, down 40.79% compared to the same period last year[8]. - The weighted average return on net assets was 2.16%, a decrease of 3.42% year-on-year[8]. - The estimated net profit attributable to shareholders for 2017 is expected to range from 41.56 million to 58.19 million RMB, reflecting a decrease of 25.00% to an increase of 5.00% compared to 55.42 million RMB in 2016[26]. Assets and Shareholder Information - Total assets at the end of the reporting period reached ¥701,873,420.90, an increase of 79.94% compared to the previous year[8]. - Net assets attributable to shareholders of the listed company amounted to ¥516,174,308.75, reflecting an increase of 80.49% year-on-year[8]. - The total number of ordinary shareholders at the end of the reporting period was 17,346[12]. - The top shareholder, Weng Weiwu, holds 30.10% of the shares, amounting to 36,120,000 shares, which are pledged[12]. Cash Flow and Operating Activities - The net cash flow from operating activities was ¥2,847,973.43, a significant decline of 85.63% year-on-year[8]. - The company reported a significant increase in cash flow from operating activities, with cash received from sales amounting to ¥296,859,455.03, a 33.33% increase from ¥222,658,495.75[20]. Costs and Expenses - Operating costs increased by 43.91% to ¥230,709,815.34, up from ¥160,314,607.89, primarily due to rapid sales growth and the inclusion of Foshan Baorun in the consolidation scope[19]. - The company’s financial expenses rose by 478.27% to ¥2,287,556.50, mainly due to exchange losses from the rapid appreciation of the RMB against the USD[19]. Investments and Acquisitions - The company completed the acquisition of 75% of Foshan Baorun Metal Products Co., Ltd., and the business registration has been updated accordingly[22]. - The company plans to conduct forward foreign exchange settlement and sales business with commercial banks, with a total limit not exceeding $20 million for 2017[22]. Dividends and Reserves - The company announced a cash dividend of ¥2 per 10 shares and a capital reserve increase of 6 shares for every 10 shares held, based on a total share capital of 120,000,000 shares as of June 30, 2017[22]. - The company’s capital reserve increased by 307.49% to ¥249,763,635.69, primarily due to the premium from the initial public offering of new shares[17]. Other Financial Information - Other current assets surged by 5329.02% to ¥101,269,719.75, primarily due to cash management activities involving the purchase of short-term bank wealth management products[17]. - The company’s fixed assets increased by 35.83% to ¥200,363,247.14, attributed to the consolidation of Foshan Baorun[17]. Compliance and Governance - There are no overdue commitments from actual controllers, shareholders, related parties, acquirers, or other parties related to the company during the reporting period[25]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[28]. - There were no violations regarding external guarantees during the reporting period[27]. - The company has not conducted any research, communication, or interview activities during the reporting period[29]. Future Outlook - The company anticipates continued rapid growth in operating revenue, but the gross profit margin is expected to decline due to significant increases in the prices of key raw materials such as aluminum and tinplate[26].