T&S(SZ:300570)2017-04-24 16:00Financial Performance - Total revenue for Q1 2017 was CNY 110,157,983.84, representing a 30.80% increase compared to CNY 84,217,529.58 in the same period last year[8] - Net profit attributable to shareholders was CNY 21,269,628.39, up 37.97% from CNY 15,416,276.88 year-on-year[8] - Operating profit for the quarter was CNY 24,763,388.75, up 36.5% from CNY 18,136,796.33 year-over-year[39] - The company reported a basic earnings per share of CNY 0.1665, reflecting a 3.48% increase from CNY 0.1609 in the same period last year[8] - Basic and diluted earnings per share were both CNY 0.1665, compared to CNY 0.1609 in the same quarter last year[40] Cash Flow and Assets - Net cash flow from operating activities decreased by 25.04% to CNY 12,841,250.87, down from CNY 17,131,493.84 in the previous year[8] - The company's cash and cash equivalents decreased by 63,220.01 million RMB, a significant decline attributed to temporary idle funds being used for cash management and entrusted financial management[19] - The company's cash and cash equivalents decreased from CNY 828.85 million at the beginning of the period to CNY 334.25 million at the end of the period[34] - Total assets increased from CNY 1.17 billion to CNY 1.21 billion, a growth of 3.67%[35] - Total assets amounted to CNY 1,208,440,426.57, an increase from CNY 1,171,285,395.34 year-over-year[37] Customer Concentration - The revenue from the largest customer accounted for 52.85% of total revenue, while the top five customers represented 74.99% of total revenue, indicating a high customer concentration risk[10] - The top five customers accounted for 74.99% of total sales, with the largest customer contributing 52.85% of total sales[22] Investment and R&D - The company emphasizes continuous investment in R&D to maintain competitiveness in the rapidly evolving optical communication industry[11] - The company’s management expenses rose by 55.71% to 1,122.02 million RMB, primarily due to increased R&D investment and performance-related compensation[19] - Total amount of raised funds is CNY 621.29 million, with CNY 95.68 million invested in the current quarter[27] - Cumulative amount of raised funds invested to date is CNY 114.49 million, representing 18.43% of the total raised funds[27] Operational Changes - The company plans to relocate its production base to Pingshan in 2017, with a phased approach to minimize operational disruption[12] - The company plans to continue expanding its market presence, particularly focusing on high-end customers both domestically and internationally[23] Liabilities and Equity - Total liabilities increased from CNY 107.70 million to CNY 123.59 million, an increase of 14.75%[36] - Total liabilities and equity increased to CNY 1,208,440,426.57 from CNY 1,171,285,395.34, reflecting a growth in the company's financial position[37] Miscellaneous - The company received government subsidies amounting to CNY 279,450.00 during the reporting period, contributing positively to its financial performance[9] - The company did not report any new product launches or significant market expansions during this quarter[45] - The first quarter report was not audited, indicating that the figures are preliminary and subject to change[45]