龙星化工(002442) - 2017 Q1 - 季度财报

Revenue and Profitability - Revenue for the first quarter reached ¥542,093,955.38, an increase of 48.04% compared to ¥366,180,726.58 in the same period last year[7] - Net profit attributable to shareholders was ¥17,361,441.32, a significant turnaround from a loss of ¥22,812,148.08, representing a 176.11% increase[7] - The net profit after deducting non-recurring gains and losses was ¥16,158,442.28, up 167.67% from a loss of ¥23,878,040.66 in the previous year[7] - Basic earnings per share improved to ¥0.0362 from a loss of ¥0.0475, marking a 176.21% increase[7] - Net profit attributable to shareholders increased by 176.11% year-on-year, reflecting improved operating profit[31] - The company expects to turn a profit in the first half of 2017, with net profit projected between 25 million to 35 million yuan[40] - The total comprehensive income for Q1 2017 was CNY 17,363,470.67, a recovery from a comprehensive loss of CNY -22,802,858.51 in the previous year[57] Financial Position - Total assets at the end of the reporting period were ¥2,792,818,957.15, up 6.85% from ¥2,613,788,071.90 at the end of the previous year[7] - Net assets attributable to shareholders increased to ¥1,103,598,535.15, a rise of 1.88% from ¥1,083,192,393.34[7] - Total current assets increased to ¥1,476,378,785.42 from ¥1,191,956,377.32, representing a growth of approximately 23.9%[47] - Total liabilities increased to ¥1,689,220,422.00 from ¥1,504,507,300.63, which is an increase of approximately 12.3%[49] - The company's equity attributable to shareholders increased to ¥1,103,598,535.15 from ¥1,083,192,393.34, showing a slight increase of approximately 1.9%[50] - The company's total liabilities increased to CNY 1,225,515,142.60 from CNY 1,021,099,073.55, marking a rise of 20.0%[56] - The total equity of the company as of Q1 2017 was CNY 1,089,641,019.71, compared to CNY 1,080,305,947.92, indicating a slight increase of 0.1%[56] Cash Flow - The net cash flow from operating activities was ¥73,019,622.32, down 49.18% from ¥143,686,203.28 in the previous year[7] - Cash inflow from operating activities totaled ¥468,264,236.51, while cash outflow was ¥424,110,401.46, resulting in a net cash flow of ¥44,153,835.05[67] - The company reported a net cash flow from investment activities of ¥14,233,437.63, compared to a negative cash flow of ¥47,134,428.97 in the previous year[65] - Cash inflow from financing activities was ¥388,000,000.00, down 16% from ¥462,000,000.00 in the previous year[65] - The net cash flow from financing activities was -¥18,092,850.27, an improvement from -¥142,307,683.03 in the same period last year[65] - The ending balance of cash and cash equivalents was ¥152,616,213.84, compared to ¥154,402,889.99 at the end of the previous year[65] Operational Performance - Operating costs increased by 41.88% year-on-year, primarily due to rising raw material prices[28] - Cash received from sales increased by 35.12% year-on-year, reflecting higher cash inflows from sales activities[32] - The company reported a gross profit margin of approximately 3.5% for Q1 2017, compared to a negative margin in the same period last year[56] - The company’s cash flow from sales of goods and services was ¥461,499,025.28, compared to ¥388,244,254.97 in the previous year[67] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,772[11] - Cash and cash equivalents increased by 68.45% compared to the beginning of the year, mainly due to increased bank loans and cash recovery from sales[1] Asset Management - Accounts receivable increased by 29.97% compared to the beginning of the year, primarily due to increased sales prices[3] - Inventory increased by 38.50% compared to the beginning of the year, driven by higher purchase quantities and prices[20] - Other receivables rose by 114.95% compared to the beginning of the year, mainly due to unrecovered loans after the return of investment funds[19] - Non-current assets decreased to ¥1,316,440,171.73 from ¥1,421,831,694.58, reflecting a decline of about 7.4%[48] - Short-term borrowings rose to ¥982,000,000.00 from ¥916,000,000.00, indicating an increase of about 7.2%[48] - The company reported a decrease in other payables from ¥178,018,558.66 to ¥163,700,445.03, a reduction of approximately 8.0%[49]