TAT(SZ:002433)2017-04-27 16:00Financial Performance - The company's revenue for Q1 2017 was CNY 764,315,936.87, representing a 20.20% increase compared to CNY 635,854,926.82 in the same period last year[8]. - Net profit attributable to shareholders was CNY 50,364,158.23, up 31.85% from CNY 38,197,780.11 year-on-year[8]. - Basic earnings per share increased by 40.00% to CNY 0.07 from CNY 0.05 in the same period last year[8]. - Net profit attributable to the parent company increased by ¥12,166,378.12, a growth of 31.85% compared to the same period in 2016, due to an increase in total profit[17]. - The net profit attributable to shareholders for the first half of 2017 is expected to be between 111.91 million and 124.82 million CNY, compared to 86.08 million CNY in the same period of 2016, indicating a stable growth in main business operations[27]. - The company expects positive net profit for the first half of 2017, indicating no turnaround situation[26]. - The company has maintained stable growth in its main business operations during the reporting period[27]. Cash Flow - The net cash flow from operating activities was CNY 65,555,610.57, a significant recovery from a negative cash flow of CNY -142,369,866.20 in the previous year[8]. - Net cash flow from operating activities increased by ¥207,925,476.77, a growth of 146.05% compared to the same period in 2016, due to significant cash recovery from the health industry[19]. - Cash received from sales and services increased by ¥275,013,178.62, a growth of 42.47% compared to the same period in 2016, attributed to higher sales collections[19]. - Cash flow from financing activities decreased by ¥425,104,287.43, a decline of 69.31% compared to the same period in 2016, primarily due to last year's bond issuance[22]. - The net increase in cash and cash equivalents decreased by ¥553,771,893.15, a decline of 129.30% compared to the same period in 2016, mainly due to last year's bond funds received[22]. - The ending balance of cash and cash equivalents decreased by ¥400,383,525.46, a decline of 57.18% compared to the same period in 2016, primarily due to last year's bond funds received[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,172,652,903.03, a 4.27% increase from CNY 6,879,185,554.43 at the end of the previous year[8]. - Short-term borrowings increased by 36.14% to CNY 180,000,000.00, attributed to increased bank loans during the period[15]. - Long-term borrowings increased by ¥50,000,000.00, a growth of 125.00% compared to the end of 2016, primarily due to increased bank loans for fixed assets[16]. - Other non-current assets surged by 362.08% to CNY 222,989,628.25, primarily due to payments for office building purchases[15]. - Accounts payable notes decreased by ¥25,900,376.21, a decline of 37.39% compared to the end of 2016, mainly due to increased acceptance of bank drafts by subsidiary Kang Aido[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 56,443[11]. - The largest shareholder, Tai'an Group Co., Ltd., held 32.63% of the shares, with 251,589,701 shares, of which 61,949,200 were pledged[11]. - The company has committed to distributing cash dividends amounting to no less than 30% of the average distributable profit for the next three years, ensuring shareholder returns[25]. - The company has a commitment to prioritize cash distribution of dividends, with a minimum of 10% of the realized distributable profit each year[25]. Compliance and Commitments - The company has no violations regarding external guarantees during the reporting period[28]. - There are no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[29]. - The company is currently fulfilling its commitments related to avoiding competition and related party transactions, with commitments made in March 2008[24]. - The company has a lock-up commitment for 45.41 million shares for 36 months from the listing date, which started on December 28, 2015[24]. - The company has a lock-up commitment for 16.54 million shares for 36 months from the listing date, which started on September 4, 2014[25]. Construction and Projects - The company reported a 42.50% increase in construction in progress, amounting to CNY 112,984,113.88, due to payments for ongoing projects[15]. - Cash paid for fixed assets and other long-term assets increased by ¥297,323,761.49, a growth of 697.12% compared to the same period in 2016, mainly due to payments for various construction projects[20]. Taxation - Operating tax and additional fees increased by ¥5,244,648.40, a growth of 187.61% compared to the same period in 2016, driven by increased sales revenue leading to higher VAT and additional taxes[16].