TSP(SZ:300129)2017-04-25 16:00Financial Performance - Total revenue for Q1 2017 was CNY 171,481,052.41, a decrease of 0.65% compared to CNY 172,605,130.94 in the same period last year[7]. - Net profit attributable to shareholders increased by 15.91% to CNY 40,349,162.70 from CNY 34,811,623.24 year-on-year[7]. - Net profit excluding non-recurring gains and losses rose by 19.48% to CNY 35,979,229.19 compared to CNY 30,113,859.57 in the previous year[7]. - Basic earnings per share increased by 20.00% to CNY 0.060 from CNY 0.050 in the same period last year[7]. - The total profit amounted to RMB 46.60 million, an increase of RMB 5.72 million or 14.01% year-on-year[29]. - Net profit reached RMB 40.34 million, reflecting a year-on-year increase of RMB 5.54 million or 15.92%[29]. - The company reported a total comprehensive income of CNY 40,750,239.84, up from CNY 39,567,560.60 in the previous period[56]. Assets and Liabilities - Total assets decreased by 4.12% to CNY 2,928,656,744.12 from CNY 3,054,499,461.95 at the end of the previous year[7]. - The total assets of the company were CNY 2,659,788,586.85, a decrease from CNY 2,725,740,277.02 at the beginning of the period[48]. - The total liabilities decreased to CNY 845,697,418.01 from CNY 949,871,999.67, indicating a reduction of about 11.0%[48]. - Net assets attributable to shareholders increased by 1.90% to CNY 2,190,629,527.66 compared to CNY 2,149,870,085.77 at the end of the previous year[7]. Cash Flow - The company reported a net cash flow from operating activities of CNY -90,056,968.74, worsening from CNY -73,021,388.64 in the same period last year[7]. - Cash flow from operating activities showed a net outflow of CNY -90,056,968.74, compared to CNY -73,021,388.64 in the previous period, indicating challenges in cash generation[59]. - Cash inflow from investment activities decreased by 51.92% year-on-year, primarily due to a reduction in cash received from investment financial products[11]. - Cash outflow from investment activities decreased by 60.87% year-on-year, mainly due to reduced cash expenditures for purchasing financial products[11]. - The net cash flow from investment activities increased by 37.79% year-on-year, attributed to an increase in net redemptions of financial products[11]. - Cash paid for dividends, profits, or interest decreased by 57.44% year-on-year, mainly due to reduced income from investment financial products[11]. Operational Risks and Challenges - The company is facing risks from significant fluctuations in raw material prices, particularly steel, which is a major cost component[10]. - The company is exploring new business areas such as marine engineering and wind power, which may introduce new operational risks[13]. - The company is implementing measures to mitigate risks associated with project delays and market competition by enhancing project evaluation and supplier management[10][12]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 47,644[16]. - The largest shareholder, Liu Zhicheng, holds 7.95% of shares, totaling 58,158,622 shares[16]. Inventory and Receivables - Accounts receivable stood at 648,638,040.64 RMB, down from 725,366,324.09 RMB[42]. - Inventory increased to 493,539,089.88 RMB from 443,055,174.52 RMB[42]. Investment Activities - The company added new contracts worth approximately RMB 482 million in the wind tower business during the reporting period[27]. - The company plans to invest 10,000 million RMB in the construction of a heavy tower base for 2.5MW-5MW wind turbines in Hami, Xinjiang[33]. - The company invested USD 1,000,000 to establish a wholly-owned subsidiary in Ontario, Canada[34]. - The company allocated CAD 15,000,000 (approximately RMB 94,552,500) to its subsidiary in Canada for the construction of a wind turbine tower production facility[34]. Financial Management - The company has raised 56,595.79 million RMB in excess funds, with 4,500 million RMB allocated to repay bank loans and 24,505.3 million RMB for permanent working capital[33]. - The company has not reported any violations regarding the use of raised funds or external guarantees during the reporting period[36][38]. - The company plans to properly arrange the use of remaining over-raised funds based on its development plan and operational needs[35].