CEEP(SZ:300172)2017-04-24 16:00Financial Performance - Total revenue for Q1 2017 was CNY 135,506,057.52, representing a 21.49% increase compared to CNY 111,535,711.25 in the same period last year[8]. - Net profit attributable to shareholders was CNY 12,183,375.41, up 5.23% from CNY 11,577,637.43 year-over-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 10,250,426.05, reflecting a 2.31% increase from CNY 10,018,889.56 in the previous year[8]. - Basic earnings per share increased to CNY 0.024, a rise of 4.35% from CNY 0.023[8]. - The total profit for the period was RMB 14.85 million, an increase of 8.73% compared to the same period last year[22]. - The net profit attributable to shareholders was RMB 12.18 million, reflecting a growth of 5.23% year-on-year[22]. - The company reported a total of 9,821.94 million RMB in new energy-saving and environmental protection engineering orders during the reporting period[29]. - The total operating revenue for the first quarter of 2017 was CNY 135,506,057.52, an increase from CNY 111,535,711.25 in the previous period[58]. - The net profit for the first quarter was CNY 12,605,710.67, up from CNY 11,668,903.43 year-over-year[59]. - The total comprehensive income for the current period is approximately ¥12.61 million, compared to ¥11.67 million in the previous period, marking an increase of about 8.0%[63]. Cash Flow and Investments - The net cash flow from operating activities was CNY -39,235,166.77, an improvement of 5.21% compared to CNY -41,391,957.85 in the same period last year[8]. - The net cash flow from investment activities was RMB 10.25 million, a 115.42% increase year-on-year, attributed to the redemption of financial products[21]. - The company reported a significant increase in investment income, reaching RMB 2.75 million, a growth of 3660.79% compared to the previous year[21]. - The net cash flow from operating activities is negative at approximately -¥39.24 million, slightly improved from -¥41.39 million in the previous period[67]. - The net cash flow from investing activities is positive at approximately ¥10.25 million, a significant recovery from -¥66.45 million in the previous period[67]. - Cash inflow from investment activities totaled ¥288,796,145.72, with a significant increase compared to no inflow in the previous period[69]. - Net cash flow from investment activities was ¥28,324,110.47, a recovery from -¥60,878,139.22 in the previous period[69]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,753,842,000.31, up 1.86% from CNY 1,721,762,473.41 at the end of the previous year[8]. - The company's net assets attributable to shareholders increased to CNY 1,120,395,274.38, a 1.10% rise from CNY 1,108,211,898.97[8]. - The total liabilities amounted to CNY 598,877,368.64, an increase from CNY 579,403,552.41 in the previous period[56]. - The cash and cash equivalents at the end of the first quarter were CNY 152,753,272.94, up from CNY 145,980,933.95 at the beginning of the period[54]. - The company's cash and cash equivalents decreased to 212,767,692.39 yuan from 223,550,590.97 yuan at the beginning of the year[50]. - Accounts receivable increased to 422,440,721.57 yuan from 412,277,827.41 yuan, indicating a rise in credit sales[50]. Contracts and Market Position - The company secured new contracts worth RMB 369 million during the reporting period, with RMB 106 million in water environment governance and RMB 263 million in solid waste treatment[22]. - The total amount of unrecognized revenue from contracts in hand reached RMB 3.369 billion, including RMB 1.083 billion in water environment governance and RMB 2.181 billion in solid waste treatment[23]. - The company is focused on expanding its market presence and enhancing operational performance in the environmental protection industry[22]. - The company is actively participating in ecological environment governance investments through a newly formed environmental industry and technology innovation alliance[24]. - The company has established a model of "one alliance, one center, one company" to enhance collaboration and expand its environmental protection industry[24]. Risks and Management - The company faces risks from market competition, particularly in the environmental protection sector, where competition is intensifying among large and small firms[11]. - The company is focusing on optimizing project execution and cost control to mitigate risks associated with project delays and rising material costs[12]. - Management expenses rose by 35.32% to RMB 19.18 million, mainly due to increased R&D and salary expenses[21]. Shareholder and Governance - The company’s major shareholder has made commitments to avoid any competition with the company and its subsidiaries[37]. - The company has ensured that any related party transactions will be conducted under fair and normal commercial conditions[38]. - There have been no violations of commitments made by the major shareholder during the reporting period[38]. - The company reported a cash dividend of 0.50 yuan per 10 shares, totaling 25,350,000 yuan (after tax) based on a total share capital of 507,000,000 shares as of the end of 2016[43].