Exciton(SZ:300566)2017-04-24 16:00Financial Performance - Total revenue for Q1 2017 reached ¥126,277,923.98, an increase of 26.84% compared to ¥99,555,283.60 in the same period last year[8] - Net profit attributable to shareholders was ¥11,181,853.85, up 37.09% from ¥8,156,591.47 year-on-year[8] - Net profit excluding non-recurring items was ¥10,433,191.55, representing a significant increase of 71.57% from ¥6,081,119.31 in the previous year[8] - Total profit rose to 13.84 million yuan, reflecting a 33.42% increase from the previous year[24] - The company reported a basic earnings per share of CNY 0.14, unchanged from the previous year[49] - The total comprehensive income for Q1 2017 was CNY 4,256,327.14, reflecting a decrease from CNY 6,529,692.15 year-over-year[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,388,768,224.44, a 1.43% increase from ¥1,369,241,534.86 at the end of the previous year[8] - The company's total assets as of the end of Q1 2017 amounted to CNY 1,185,495,453.84, compared to CNY 1,153,069,212.37 at the beginning of the year[45] - The total liabilities decreased from CNY 808,209,354.27 to CNY 683,133,425.29 during the reporting period[41] - The company's total liabilities decreased to CNY 524,266,346.77 from CNY 629,517,197.15, indicating a reduction of approximately 17%[45] Cash Flow - The company reported a negative cash flow from operating activities of ¥30,711,797.02, compared to a negative cash flow of ¥19,471,431.49 in the same period last year[8] - The cash flow from operating activities showed a net outflow of CNY 30,711,797.02, worsening from a net outflow of CNY 19,471,431.49 in the same quarter last year[56] - Cash flow from financing activities increased by 35.22% to 102.57 million yuan due to increased borrowings[24] - The net cash flow from financing activities was 75,396,541.59, showing a positive cash position despite outflows[60] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,873[16] - Zhang Yan holds 18.69% of shares, totaling 15,501,330 shares, all of which are pledged[16] - TB Material Limited holds 12.39% of shares, totaling 10,275,700 shares[16] - The top 10 shareholders collectively hold significant stakes, with the largest shareholder having a 18.69% ownership[16] - The company has a total of 63,022,000 restricted shares at the end of the reporting period, with 3,332,000 shares granted under the 2016 restricted stock incentive plan[20] Operational Challenges - The company faces risks related to operational performance fluctuations due to macroeconomic conditions and market competition[10] - The company is actively working on cost control and product innovation to maintain competitiveness in a declining price environment[12] - Management expenses increased by 70.32% to 25.16 million yuan due to higher R&D expenditures[24] Investment and Projects - The total amount of raised funds for the quarter was CNY 25,158.71 million, with a cumulative investment of CNY 18,117.09 million, representing 71.91% of the planned investment[33] - The optical enhancement film production line project has a total committed investment of CNY 23,214.72 million, with a cumulative investment of CNY 16,173.5 million, achieving 69.67% of the planned progress[33] - The technology research and development center project has a total committed investment of CNY 1,943.99 million, with a cumulative investment of CNY 1,943.99 million, achieving 100% of the planned progress[33] Miscellaneous - The company did not conduct any repurchase transactions among the top 10 common shareholders during the reporting period[17] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[35][36] - The company did not undergo an audit for the first quarter report, which may affect the perception of financial accuracy[61]