Toly Bread(603866)2017-04-26 16:00Financial Performance - Operating revenue for the period was CNY 820,164,696.08, representing a 23.88% increase year-on-year[6] - Net profit attributable to shareholders decreased by 13.83% to CNY 71,277,553.71 compared to the same period last year[6] - Basic earnings per share decreased by 11.11% to CNY 0.16 compared to the same period last year[6] - The company reported a gross profit margin of approximately 10.6% for Q1 2017, down from 12.0% in Q1 2016[25] - The net profit for Q1 2017 was CNY 56,181,862.81, a decrease of 32.5% compared to CNY 82,947,636.79 in the same period last year[29] - Operating profit for Q1 2017 was CNY 58,094,806.36, down 34.1% from CNY 88,225,016.12 in Q1 2016[29] Assets and Liabilities - Total assets increased by 3.10% to CNY 2,439,148,905.29 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 3.46% to CNY 2,128,434,324.22 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 36.09% from CNY 453,266,826.56 to CNY 289,672,033.88, primarily due to the purchase of principal-protected financial products[14] - Other current assets increased by 150.15% from CNY 94,701,163.50 to CNY 236,894,107.62, mainly due to the purchase of principal-protected financial products[14] - Total assets as of March 31, 2017, amounted to ¥1,634,413,042.19, slightly up from ¥1,629,275,537.76 at the beginning of the year[25] - Current assets decreased to ¥274,896,040.88 from ¥443,577,268.29, indicating a significant reduction of approximately 38%[23] - Long-term equity investments increased to ¥1,342,322,291.84 from ¥1,057,401,561.72, representing a growth of about 27%[23] - Total liabilities remained stable at ¥674,588.95 compared to ¥51,718,947.33 at the beginning of the year[24] Cash Flow - Net cash flow from operating activities decreased by 11.30% to CNY 111,456,121.57 compared to the same period last year[6] - Cash inflow from operating activities was CNY 969,988,120.36, an increase of 24.4% compared to CNY 779,435,236.48 in the previous year[31] - Cash outflow from operating activities totaled CNY 858,531,998.79, up 31.3% from CNY 653,778,787.69 in Q1 2016[31] - The company reported a net cash outflow from investing activities of CNY 274,750,914.25, worsening from a net outflow of CNY 95,466,953.29 in Q1 2016[32] - The cash and cash equivalents at the end of the period were CNY 277,565,302.88, down from CNY 713,500,603.83 at the end of Q1 2016[32] - The net cash flow from operating activities was -$1,174,818.61, compared to $25,816,488.09 in the previous period[35] - The net cash flow from investing activities was -$258,788,782.15, significantly lower than the previous period's $1,369,276.06[35] - The company reported a significant decrease in cash reserves, highlighting potential liquidity concerns moving forward[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,873[12] - The top shareholder, Wu Xuequn, holds 26.10% of the shares, amounting to 117,491,264 shares[12] Expenses and Income - Sales expenses rose by 56.24% from CNY 103,182,578.19 to CNY 161,210,984.55, attributed to increased sales and market expansion[16] - Management expenses increased by 33.09% from CNY 19,144,932.37 to CNY 25,479,178.87, driven by higher labor costs due to company expansion[16] - Other income surged by 405.33% from CNY 1,044,403.89 to CNY 5,277,664.38, mainly due to increased government subsidies[16] - Investment income reached CNY 3,385,503.26, reflecting returns from principal-protected financial products and trading financial assets[16] - The investment income for Q1 2017 was CNY 52,306,020.54, a decrease of 21.9% compared to CNY 67,000,000.00 in the same period last year[29] Government Subsidies - The company reported a government subsidy of CNY 3,308,729.94 related to its normal business operations[9]