THGW(SH:600365)2017-04-28 16:00Financial Performance - Operating revenue increased by 106.82% to CNY 361,097,116.96 year-on-year[6] - Net profit attributable to shareholders increased by 13.12% to CNY 2,211,030.42 compared to the same period last year[6] - The company reported a basic earnings per share of CNY 0.01, unchanged from the previous year[6] - Operating profit for the current period was ¥12,485,206.94, representing a 50.5% increase from ¥8,294,020.19 in the previous period[33] - Net profit for the current period was ¥8,054,249.84, an increase of 55.5% compared to ¥5,160,124.55 in the prior period[34] - The net profit attributable to the parent company was ¥2,211,030.42, up 13.1% from ¥1,954,534.63 in the previous period[34] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 46,959,987.79, an improvement from a net outflow of CNY 60,039,081.79 in the previous year[6] - The net cash flow from operating activities improved by CNY 13,079,094.00, representing a 21.78% increase compared to the previous year[20] - Operating cash flow for Q1 2017 was negative at -50,654,567.84 RMB, compared to -60,605,325.76 RMB in the same period last year, showing an improvement of approximately 16.1%[41] - The company reported a net cash flow decrease of -51,978,340.08 RMB for the quarter, compared to -60,605,325.76 RMB in the previous year, indicating a 14.5% improvement[41] - Cash inflow from sales of goods and services was 23,239,141.96 RMB, an increase of 9.0% compared to 21,323,179.12 RMB in Q1 2016[41] Assets and Liabilities - Total assets decreased by 11.16% to CNY 959,057,457.82 compared to the end of the previous year[6] - Total liabilities decreased from 336,868,730.15 to 208,290,227.36, a decline of around 38.1%[27] - Current liabilities decreased from 329,885,971.51 to 201,695,399.74, a reduction of about 38.9%[26] - Non-current liabilities decreased from 6,982,758.64 to 6,594,827.62, a decrease of approximately 5.5%[27] - Owner's equity increased from 742,712,980.62 to 750,767,230.46, an increase of about 1.5%[27] Inventory and Receivables - Other receivables increased significantly by 444.13% to CNY 122,514,390.97 compared to the end of last year[12] - Inventory decreased by 35.37% to CNY 226,523,851.59 compared to the end of last year[12] - Accounts receivable increased slightly from 45,950,375.56 to 46,033,829.14, an increase of about 0.2%[30] - The company reported a decrease in prepayments by 38.39%, amounting to CNY 10,077,601.30, attributed to fewer customers making advance payments[14] Expenses - Operating costs increased to CNY 315,615,019.34, reflecting a 112.37% rise from CNY 148,616,986.39 in the same period last year[15] - Sales expenses increased by 130.14%, totaling CNY 19,722,095.43, due to expanded sales efforts[16] - Financial expenses rose by 136.51%, reaching CNY 2,745,691.35, primarily due to increased bank discounting by subsidiaries[16] - Management expenses rose to ¥6,678,302.12, an increase of 22.3% compared to ¥5,457,018.37 in the previous period[33] Shareholder Information - The number of shareholders reached 31,646 at the end of the reporting period[10] - The top shareholder, Jilin Province Jixiang Jiade Investment Co., Ltd., holds 10.71% of the shares[10] Investment Activities - The cash flow from investment activities saw a drastic decrease of 1,077.55%, resulting in a net outflow of CNY 1,676,407.71[20] - Investment activities resulted in a net cash outflow of -1,323,772.24 RMB, with no cash inflow recorded from investment activities[41] Other Financial Metrics - The weighted average return on equity increased by 0.04 percentage points to 0.32%[6] - Total current assets decreased from 455,830,596.01 to 452,500,800.53, a decline of about 0.7%[30] - Total cash and cash equivalents at the end of Q1 2017 were 55,783,027.85 RMB, down from 89,302,813.53 RMB year-over-year, representing a decrease of about 37.5%[42]