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华中数控(300161) - 2017 Q1 - 季度财报
HCNCHCNC(SZ:300161)2017-04-26 16:00

Financial Performance - Total revenue for Q1 2017 was CNY 181,415,390.62, an increase of 45.47% compared to CNY 124,712,343.26 in the same period last year[7]. - Net profit attributable to shareholders was a loss of CNY 8,706,267.43, an improvement of 59.26% from a loss of CNY 21,371,589.76 year-on-year[7]. - Basic and diluted earnings per share were both CNY -0.0504, showing a 61.85% improvement from CNY -0.1321 in the same quarter last year[7]. - The company reported a net profit attributable to shareholders of -RMB 8,706,300, representing a 59.26% increase compared to the same period last year[24]. - Net profit for Q1 2017 was a loss of CNY 11,650,126.06, compared to a loss of CNY 24,848,958.75 in the previous year, showing an improvement of approximately 53.2%[58]. - The total comprehensive income attributable to the parent company was -¥15,550,124.55, compared to -¥22,212,427.55 in the previous year[63]. Cash Flow - Net cash flow from operating activities was a negative CNY 135,963,803.93, worsening by 83.96% compared to a negative CNY 73,909,684.47 in the previous year[7]. - Cash flow from operating activities showed a net outflow of -¥135,963,803.93, worsening from -¥73,909,684.47 in the same period last year[66]. - Cash flow from investing activities resulted in a net outflow of -¥97,089,667.25, compared to -¥6,375,393.29 in the previous year[66]. - Cash flow from financing activities generated a net inflow of ¥36,879,339.14, an increase from ¥24,600,843.85 in the previous year[67]. - The net cash flow from operating activities was -85,488,308.10, compared to -50,266,834.91 in the previous period, indicating a decline of approximately 70%[69]. - Total cash inflow from operating activities was 61,135,842.53, up from 33,546,928.74, representing an increase of about 82%[69]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,099,080,189.67, a decrease of 5.19% from CNY 2,213,916,905.12 at the end of the previous year[7]. - The total assets as of the end of Q1 2017 were CNY 1,658,244,535.83, down from CNY 1,767,008,745.06 at the beginning of the year, reflecting a decrease of about 6.2%[54]. - Current liabilities totaled CNY 529,947,144.69, a decrease from CNY 621,210,946.02, indicating a reduction of approximately 14.7%[55]. - The total liabilities decreased to CNY 552,870,116.45 from CNY 646,084,201.13, indicating a reduction of approximately 14.4%[55]. Investments and Acquisitions - The company completed a private placement of shares to raise funds, issuing 4,672,897 shares at a price of 26.75 RMB per share, totaling approximately 125 million RMB[27]. - The company completed the acquisition of 91.79% of Wuhan Huada New Motor Technology Co., Ltd. for RMB 146,884,200.00 and 56.68% of Shanghai Dengqi Electromechanical Technology Co., Ltd. for RMB 16,347,800.00[41]. - The company has committed to a total investment of 28,443 million across various projects, with a cumulative investment of 30,180 million[39]. - The acquisition of Wuhan High-Tech Machinery Manufacturing Co., Ltd. was fully funded with 704.52 million, achieving 100% investment progress[39]. Market and Competition - The company is focusing on technology and market development in CNC systems, industrial robots, and new energy vehicles, facing risks during the transformation process[9]. - Increased competition in the CNC system sector, particularly from established foreign brands, poses a challenge for market share expansion[26]. - The company has increased investment in the 3C market, achieving good results and expanding market share, but faces intense competition from established foreign brands[10]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,483[12]. - The largest shareholder, Wuhan Huazhong Science and Technology Industry Group Co., Ltd., holds 19.05% of the shares[12]. Commitments and Governance - The company is committed to maintaining the independence of its operations and financials, ensuring no asset or fund occupation by related parties[32]. - The company has established a financial independence framework, including independent financial departments and accounting systems[32]. - The company has made commitments to avoid any direct or indirect competition with its controlling shareholder[32]. - The company guarantees that its subsidiaries will not engage in any business that directly competes with Huazhong CNC in the future[34].