SCIYON(002380)2017-04-26 16:00Financial Performance - Revenue for Q1 2017 was CNY 87,733,669.44, an increase of 9.82% compared to CNY 79,887,740.71 in the same period last year[8] - Net profit attributable to shareholders was CNY 6,917,886.53, representing a 48.51% increase from CNY 4,658,232.81 year-over-year[8] - Basic earnings per share rose to CNY 0.03, a 50.00% increase from CNY 0.02 in the same period last year[8] - Operating income increased by 2.8352 million, a growth of 70.78%, mainly due to an increase in software tax refunds received[16] - Net profit attributable to the parent company increased by 2.2597 million, a growth of 48.51%, mainly due to an increase in actual software tax refunds[16] - The expected net profit for the first half of 2017 is projected to increase by 30.00% to 60.00%, with a range of 49.0006 million to 60.3084 million[21] Cash Flow - Net cash flow from operating activities improved to CNY -7,609,237.03, a 77.69% increase compared to CNY -34,102,923.36 in the previous year[8] - Net cash flow from operating activities increased by 26.4937 million, a growth of 77.69%, driven by improved collection efforts and increased software tax refunds[17] - Net cash flow from investing activities decreased by 4.8666 million, a decline of 25.49%, mainly due to reduced asset purchases[17] - Net cash flow from financing activities decreased by 915.4199 million, primarily due to non-public stock issuance in the previous year[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,225,373,414.06, a decrease of 1.19% from CNY 2,252,133,503.25 at the end of the previous year[8] - The company's net assets attributable to shareholders increased to CNY 1,974,292,982.83, a 0.35% rise from CNY 1,967,375,096.30 at the end of the previous year[8] Expenditures and Investments - Prepayments increased by CNY 7,925,400, representing a 72.40% increase, mainly due to increased prepayments for asset procurement[15] - Construction in progress increased by CNY 1,256,000, a 26.70% rise, primarily due to infrastructure development at the Binjiang Smart Factory[15] - Development expenditures decreased by CNY 5,885,700, a decline of 68.09%, mainly due to the capitalization of two R&D projects into intangible assets[15] Financial Challenges - Financial expenses increased by 1.6651 million, a growth of 50.32%, mainly due to a decrease in interest income[16] - Asset impairment losses rose by 0.5216 million, an increase of 24.65%, primarily due to an increase in inventory write-downs[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,640[11] Business Growth - The growth in performance is attributed to the release of innovative businesses such as microgrid control systems and smart power plants[21]