GIT(SZ:300465)2017-04-25 16:00Financial Performance - Total revenue for Q1 2017 was ¥224,860,205.52, representing a 73.28% increase compared to ¥129,763,337.40 in the same period last year[7]. - Net profit attributable to shareholders was -¥14,511,339.99, a decrease of 832.80% from ¥1,980,259.93 in the previous year[7]. - Basic and diluted earnings per share were both -¥0.03, a decline of 400.00% from ¥0.01 in the previous year[7]. - Gross margin decreased to 27.59% from 37.83% in the same period last year[16]. - The net profit for Q1 2017 was a loss of CNY 14,511,339.99, contrasting with a net profit of CNY 1,980,259.93 in Q1 2016, marking a decline of over 830%[47]. - The company reported a total comprehensive income of -23,885,815.91 CNY for the quarter, down from 3,283,361.95 CNY in the previous year[52]. Cash Flow and Liquidity - Net cash flow from operating activities was -¥155,169,807.31, worsening by 148.55% compared to -¥62,430,496.78 in the same period last year[7]. - The cash inflow from operating activities totaled 170,665,887.38 CNY, compared to 89,816,718.44 CNY in the previous period[55]. - The cash outflow from operating activities was 325,835,694.69 CNY, up from 152,247,215.22 CNY in the previous period[55]. - The net increase in cash and cash equivalents was -64,207,374.08 CNY, indicating a decrease in liquidity[59]. - The company experienced a significant decrease in cash and cash equivalents, reflecting challenges in cash management during the quarter[60]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,666,644,934.77, down 1.94% from ¥1,699,676,083.84 at the end of the previous year[7]. - The company's total assets as of March 31, 2017, were RMB 1,666,644,934.77, down from RMB 1,699,676,083.84 at the beginning of the period, indicating a decrease of approximately 1.9%[41]. - Total liabilities decreased from RMB 655,766,687.59 to RMB 635,520,800.84, a reduction of about 3.1%[40]. - The company's retained earnings decreased from RMB 250,565,636.57 to RMB 236,054,296.58, a decline of about 5.8%[41]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,349[12]. - The largest shareholder, Yingtan Yinggao Investment Consulting Co., Ltd., holds 31.09% of the shares, amounting to 140,843,740 shares[12]. Expenses - Sales expenses increased by 44.07% year-on-year, reaching 41,178,338.99 CNY[17]. - Management expenses rose by 71.57% year-on-year, totaling 32,275,585.44 CNY[17]. - The company experienced a significant increase in sales expenses, which rose to CNY 41,178,338.99 from CNY 28,581,517.18, an increase of approximately 44.0%[47]. Investment and Fund Utilization - The total amount of raised funds is CNY 33,644.16 million, with CNY 1,749.15 million invested in the current quarter[27]. - Cumulative investment from raised funds amounts to CNY 32,903.03 million, with a utilization rate of 100.00% for the bank IT overall solution project[27]. - The company has not reported any changes in the feasibility of investment projects or significant changes in the use of raised funds[27]. - The company has not encountered any issues regarding the use and disclosure of raised funds[28]. Dividend Policy - The company has a cash dividend policy that mandates a minimum cash distribution of 15% of the distributable profit in profitable years without major investment plans[29]. - The company aims for a cumulative cash distribution of at least 45% of the average distributable profit over the last three years[30]. - The company plans to distribute a cash dividend of RMB 0.08 per 10 shares based on the total share capital on the announcement date for the 2016 profit distribution plan[31].