先河环保(300137) - 2017 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2017 was CNY 181,976,733.90, an increase of 27.72% compared to CNY 142,486,484.51 in the same period last year[8]. - Net profit attributable to shareholders was CNY 13,175,138.79, representing a growth of 37.13% from CNY 9,607,863.84 year-on-year[8]. - Net profit excluding non-recurring gains and losses reached CNY 11,829,214.29, up 44.34% from CNY 8,195,459.85 in the previous year[8]. - Basic earnings per share increased to CNY 0.0383, a rise of 36.79% compared to CNY 0.028 in the same quarter last year[8]. - The weighted average return on equity was 0.95%, up from 0.68% in the previous year[8]. - Total revenue for the first quarter was CNY 181.98 million, an increase of 27.72% compared to CNY 142.49 million in the same period last year[19]. - Net profit attributable to shareholders was CNY 13.18 million, up 37.13% from CNY 9.61 million year-on-year[19]. - The total operating costs amounted to CNY 166,737,473.09, up from CNY 132,354,316.02, reflecting a year-over-year increase of 25.9%[52]. - The total profit for Q1 2017 was CNY 16,822,740.44, compared to CNY 12,041,021.11 in the previous year, showing an increase of about 39.0%[53]. - Basic and diluted earnings per share for Q1 2017 were both CNY 0.0383, up from CNY 0.028 in the previous period, reflecting a growth of approximately 36.4%[54]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -163,408,679.38, worsening by 51.77% compared to CNY -107,668,177.85 in the same period last year[8]. - Cash flow from operating activities was negative CNY 163.41 million, worsening by 51.77% compared to negative CNY 107.67 million in the previous year[19]. - The cash inflow from operating activities was CNY 90,151,640.41, while cash outflow for purchasing goods and services was CNY 148,799,918.04, indicating a cash flow challenge[60]. - The cash and cash equivalents at the end of the period decreased to ¥127,977,128.45 from ¥213,589,532.51 in the previous year[66]. - The company reported a net decrease in cash and cash equivalents of -¥182,954,674.72 during the quarter, compared to -¥83,017,163.11 in the previous year[66]. - The total cash outflow from operating activities increased by approximately 87% year-over-year, highlighting a concerning trend in cash management[63]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,777,843,155.19, a slight decrease of 0.42% from CNY 1,785,402,740.52 at the end of the previous year[8]. - The total liabilities increased by 37.04%, with cash and cash equivalents decreasing to CNY 280.28 million[19]. - The total liabilities decreased to CNY 267,901,889.74 from CNY 289,613,470.59, indicating a reduction of approximately 7.5%[46]. - The total equity attributable to shareholders of the parent company increased to CNY 1,462,704,153.67 from CNY 1,449,615,380.52, showing a growth of 0.9%[47]. - The retained earnings increased to CNY 393,182,393.30 from CNY 381,487,196.57, a growth of 3.6%[47]. Research and Development - The company completed the national acceptance of several key R&D projects, including an online monitoring system for petroleum pollution in wastewater[22]. - The company is in the process of industrializing a multi-carrier water quality monitoring sensor network for the South-to-North Water Diversion Project[22]. - The company is developing a rapid detection instrument for heavy metals and algal toxins in water bodies, which has completed national acceptance[22]. - The company has developed a visibility monitoring system for real-time monitoring of air pollution visibility, which is now in mass production[23]. - A complete system for monitoring greenhouse gases (CH4, CO2, N2O, H2O, and O3) has been developed and is now in mass production[23]. - The company has launched a comprehensive management platform for atmospheric and water quality emergency monitoring for PetroChina, which has completed acceptance[23]. Market and Competition - The company is facing management risks due to business expansion and is enhancing its internal control management system to mitigate these risks[28]. - The company is monitoring market competition risks and plans to adopt a performance management model to strengthen its technological and product advantages[29]. - The company plans to continue expanding its environmental monitoring service operations, which are seen as a key growth area[38]. Investments and Funding - The total amount of funds raised in the current quarter is 70,736.33 million[35]. - The cumulative amount of raised funds used is 73,726.25 million, with a change of use ratio of 2.25%[35]. - The investment in the "Drinking Water Quality Safety Online Monitoring System and Early Warning Information Management Equipment" project reached 10,334.72 million, achieving 99.97% of the planned investment[35]. - The establishment of a subsidiary in the United States and the acquisition of CES Company involved an investment of 3,561.63 million, achieving 100% of the planned investment[35]. - The total amount of committed investment projects is 28,062.84 million, with 28,021.92 million utilized[35]. Risks and Compliance - There were no significant risks reported during the quarter[10]. - The company has not made any adjustments to its cash dividend policy during the reporting period, ensuring shareholder interests are protected[39]. - There were no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[40][41]. - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[67].