富春环保(002479) - 2017 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2017 was ¥793,214,357.28, representing a 20.01% increase compared to ¥660,948,278.06 in the same period last year[9] - Net profit attributable to shareholders was ¥80,977,011.93, an increase of 83.67% from ¥44,087,944.56 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥79,497,445.93, up 87.34% from ¥42,435,096.22 in the previous year[9] - The basic earnings per share increased to ¥0.1017, reflecting an 83.57% rise from ¥0.0554 in the same period last year[9] - The company expects net profit attributable to shareholders for the first half of 2017 to increase by 60.00% to 80.00%, ranging from ¥196,717,400 to ¥221,307,100[22] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥5,280,201,862.42, a 2.53% increase from ¥5,150,085,219.87 at the end of the previous year[9] - The net assets attributable to shareholders decreased by 3.63% to ¥2,752,383,187.83 from ¥2,855,960,691.35 at the end of the previous year[9] - Cash and cash equivalents decreased by 39.88% to ¥427,119,724.79 due to acquisition payments made by the parent company[17] - Accounts receivable increased by 36.47% to ¥440,895,879.78, primarily due to increased receivables from the parent company and subsidiaries[17] - Prepayments surged by 130.70% to ¥108,865,273.65, mainly due to increased prepayments by subsidiaries for new projects[17] - Inventory rose by 33.87% to ¥173,567,294.88, attributed to increased inventory at the subsidiary level[17] Cash Flow - The net cash flow from operating activities was negative at -¥6,535,904.39, a decline of 105.97% compared to ¥109,481,238.87 in the same period last year[9] - Net cash flow from operating activities decreased by 105.97% to -¥6,535,904.39, primarily due to increased cash payments for goods and services[17] - Net cash flow from investing activities decreased by 595.75% to -¥445,461,779.11, mainly due to acquisitions of minority stakes in subsidiaries[17] - Net cash flow from financing activities increased by 174.76% to ¥125,918,011.97, primarily due to increased bank borrowings by the parent company[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,207[13] Government Support and Strategic Initiatives - The company received government subsidies amounting to ¥1,603,086.86 during the reporting period[10] - The company has completed the acquisition of 92% of the equity of Nantong Chang'an Energy Co., Ltd. on February 16, 2017[18] - The company has implemented a new coal-heat price linkage mechanism at its Fuyang base, which is expected to enhance revenue[22] Return on Equity - The weighted average return on equity was 2.80%, up from 1.60% in the previous year, an increase of 1.20%[9]