eGOVA(SZ:300075)2017-04-26 16:00Financial Performance - Total revenue for Q1 2017 was CNY 112,395,636.07, representing a 66.85% increase compared to CNY 67,363,387.30 in the same period last year[8]. - Net profit attributable to shareholders was CNY 11,106,334.21, up 32.47% from CNY 8,384,331.97 year-on-year[8]. - Basic earnings per share increased by 50.00% to CNY 0.03 from CNY 0.02 in the previous year[8]. - The company achieved operating revenue of ¥112,395,636.07, representing a year-on-year increase of 66.85%[23]. - The net profit attributable to shareholders increased by 32.47% year-on-year, reaching ¥11,106,334.21[23]. - Net profit for Q1 2017 reached CNY 12,308,115.40, compared to CNY 7,879,693.33 in Q1 2016, representing a growth of 56.5%[54]. - Total operating revenue for Q1 2017 was CNY 112,395,636.07, an increase of 66.7% compared to CNY 67,363,387.30 in the same period last year[53]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -122,060,853.89, worsening by 81.53% compared to CNY -67,239,514.15 in the same period last year[8]. - Cash inflow from operating activities was CNY 148,143,270.08, an increase of 40.2% compared to CNY 105,630,781.32 in the previous period[60]. - Cash outflow from operating activities totaled CNY 270,204,123.97, up 56.4% from CNY 172,870,295.47 in the previous period[62]. - Cash and cash equivalents at the end of the period were CNY 232,634,954.60, down from CNY 244,716,796.88, reflecting a decrease of 4.4%[63]. - The company reported a significant increase in cash paid to employees, totaling CNY 77,507,762.70, up from CNY 50,860,419.10, marking a rise of 52.5%[62]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,311,297,676.69, a decrease of 1.74% from CNY 2,352,231,921.95 at the end of the previous year[8]. - The company's total assets decreased to CNY 1,843,885,664.90 from CNY 1,873,698,267.52, a decline of 1.6%[51]. - The company's total liabilities decreased to ¥852,916,949.64 from ¥906,294,010.30, marking a decline of about 5.9%[47]. - Accounts receivable stood at ¥672,668,937.13, slightly down from ¥682,737,784.18, indicating a decrease of about 1.6%[45]. - The company's inventory increased to ¥225,520,141.41 from ¥168,630,732.61, representing a growth of approximately 33.7%[45]. Operational Highlights - The company won multiple contracts, including a digital city management project in Huanan County, enhancing its market presence[24]. - The company is focusing on R&D and innovation, having developed solutions for over 500 cities related to smart city construction[23]. - The company has implemented measures to retain core technical personnel, crucial for product innovation and sustainable development[11]. - The company is actively expanding its market through strategic projects in various provinces, including environmental monitoring in Beijing[25]. - The company has established a strategic partnership with Zhongcheng Smart (Beijing) Urban Planning and Design Institute to enhance cooperation in areas such as digital city management and smart environmental protection[28]. Risks and Challenges - The company faces risks related to reliance on government procurement, which may be affected by fiscal tightening at local government levels[10]. - Increased competition in the smart city sector poses a risk to maintaining market share and profit margins[10]. Investment and Funding - The total amount of raised funds is ¥756 million, with cumulative investment amounting to ¥757.15 million[34]. - The total amount of raised funds for the projects is 15,348.93 million RMB, with a completion rate of 100%[35]. - The company plans to use 4,627.72 million RMB of raised funds for the development of the Ladybug3 vehicle-mounted laser scanning system, aiming to produce 10 units within two years[36]. - The acquisition of Beijing Hanwang Zhitong Technology Co., Ltd. was completed for 10,440 million RMB, enhancing the company's capabilities in smart city design and expanding its product line[36]. - The company has allocated 18,000 million RMB for the payment of state-owned equity auction acquisition fees, which is currently in process[36]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 39,349, with the largest shareholder holding 30.44% of the shares[14]. - The company's net profit distribution plan for 2016 included a cash dividend of ¥0.3 per share, totaling ¥11,868,651.30[38].