瓦轴B(200706) - 2017 Q1 - 季度财报(更新)

Financial Performance - The company's operating revenue for Q1 2017 was ¥566,558,889.45, representing a 6.02% increase compared to ¥534,404,100.68 in the same period last year[8] - Net profit attributable to shareholders decreased by 14.61% to ¥1,998,535.48 from ¥2,340,344.55 year-on-year[8] - Basic and diluted earnings per share both decreased by 16.67% to ¥0.0050 from ¥0.0060 in the same period last year[8] - Total operating revenue for the first quarter was CNY 566,558,889.45, an increase of 6.3% compared to CNY 534,404,100.68 in the previous year[33] - Gross profit for the quarter was CNY 572,147.51, a significant recovery from a loss of CNY 1,782,487.81 in the same period last year[34] - Net profit attributable to the parent company was CNY 1,998,535.48, compared to CNY 2,340,344.55 in the previous year, indicating a decrease of 14.6%[34] - The total comprehensive income for the first quarter was CNY 1,519,740.52, compared to CNY 2,893,236.08 in the same period last year, reflecting a decline of 47.5%[38] Cash Flow - The net cash flow from operating activities dropped significantly by 78.81%, amounting to ¥3,495,485.07 compared to ¥16,496,758.57 in the previous year[8] - The cash flow from operating activities generated a net amount of CNY 3,495,485.07, significantly lower than CNY 16,496,758.57 in the previous year, indicating a decrease of 78.8%[41] - The company's financing activities resulted in a net cash outflow of CNY 57,430,900.67, contrasting with a net inflow of CNY 13,709,179.95 in the same period last year[42] - The net cash flow from financing activities was -57,428,769.47 CNY, contrasting with a positive cash flow of 13,709,902.55 CNY previously[45] - The company received 133,000,000.00 CNY in cash from borrowings during the quarter, compared to 285,000,000.00 CNY in the previous period[45] - The company paid 118,000,000.00 CNY in cash for debt repayment, down from 220,000,000.00 CNY in the prior period[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,560,273,989.24, a slight increase of 0.18% from ¥3,553,947,227.09 at the end of the previous year[8] - Current liabilities totaled CNY 1,960,025,561.76, an increase from CNY 1,950,558,441.41[30] - The company's cash and cash equivalents decreased from CNY 184,416,042.97 to CNY 132,266,945.30[25] - Total current assets increased slightly from CNY 2,428,911,718.48 to CNY 2,456,049,927.50[25] - The company's total equity increased to CNY 1,390,061,975.91 from CNY 1,388,542,235.39, a slight increase of 0.1%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,044[11] - The largest shareholder, Wafangdian Bearing Group Co., Ltd., holds 60.61% of the shares, amounting to 244,000,000 shares[11] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[12] Taxation and Expenses - The company's tax payable decreased by 76.6% from CNY 1,914.1 million to CNY 448.0 million, primarily due to a reduction in value-added tax and additional taxes[16] - Operating tax and additional fees increased by 105.3% from CNY 248.4 million to CNY 510.1 million, attributed to adjustments in management expense taxes post May 2016[16] - Asset impairment losses surged by 9254.0% from CNY 0.1 million to CNY 10.0 million, mainly due to the write-off of accounts receivable[16] - Non-operating income fell by 63.0% from CNY 442.3 million to CNY 163.8 million, influenced by a decrease in penalty income and government subsidies[16] - The company incurred operating costs of CNY 525,737,899.81, which is an increase of 6.5% from CNY 493,808,513.55 in the previous year[37] - The financial expenses for the first quarter were CNY 6,205,397.25, slightly decreased from CNY 6,257,369.95 in the same period last year[37] Investment Activities - The company’s investment activities generated a net cash flow of CNY 3,774,265.23, compared to a negative cash flow of CNY 1,386,653.53 in the previous year[41] - The cash inflow from the disposal of fixed assets and other long-term assets was 4,867,900.00 CNY[45]