BHAS(600960)2017-04-28 16:00Financial Performance - Operating revenue increased by 36.38% to CNY 566,431,011.56 year-on-year[6] - Net profit attributable to shareholders increased by 501.24% to CNY 62,639,421.76 compared to the same period last year[6] - Basic and diluted earnings per share rose by 108.86% to CNY 0.0660[6] - Total profit surged by 156.99% to ¥66,434,502.12 from ¥25,850,564.93, mainly due to increased sales volume and investment income[14] - Net profit for Q1 2017 reached CNY 61,831,865.27, compared to CNY 19,863,191.75 in Q1 2016, representing a growth of 210.5%[26] - Operating profit for Q1 2017 reached CNY 31,051,714.40, compared to CNY 14,162,293.39 in Q1 2016, indicating a 119.8% increase[29] Cash Flow - Cash flow from operating activities showed a significant decline of 138.24%, resulting in a net cash outflow of CNY 21,406,780.00[6] - Operating cash flow turned negative at -¥21,406,780.00, a decline of 138.24% compared to ¥55,974,473.58, due to high cash payments for goods by some subsidiaries[14] - Cash inflow from operating activities totaled CNY 616,252,306.46, up from CNY 413,533,053.80 in the previous year, marking a 49.0% increase[31] - Cash outflow from operating activities was CNY 637,659,086.46, compared to CNY 357,558,580.22 in the same period last year, reflecting an increase of 78.3%[32] - The net cash flow from operating activities was negative at CNY -21,406,780.00, a decline from CNY 55,974,473.58 in Q1 2016[32] Assets and Liabilities - Total assets decreased by 5.34% to CNY 6,338,471,514.40 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 18.09% to ¥1,918,286,590.13 from ¥2,341,840,760.66, primarily due to payments for last year's asset restructuring and investment[13] - Total liabilities decreased to CNY 1,258,547,184.14 from CNY 1,555,066,055.00, a reduction of 19.1%[22] - The company's total assets decreased to CNY 5,620,408,146.27 from CNY 5,888,296,595.45 at the beginning of the year, a decline of 4.5%[22] - Current assets totaled CNY 2,983,088,789.20, down 11% from CNY 3,351,600,004.90 at the start of the year[21] Shareholder Information - The total number of shareholders reached 38,140 by the end of the reporting period[11] - The top shareholder, Beijing Haina Chuan Automotive Parts Co., Ltd., holds 23.04% of the shares[11] Investment Activities - Investment activities generated a net cash outflow of -¥268,386,251.68, a 38.52% improvement from -¥436,575,394.09, primarily due to payments for restructuring and new investments[14] - The company reported an investment income of CNY 33,036,976.75, significantly higher than CNY 2,828,724.06 in the previous year[25] Other Financial Metrics - The weighted average return on equity increased by 0.73 percentage points to 1.45%[6] - Minority interests increased by 126.16% to ¥133,797,277.60 from ¥59,161,459.27, mainly due to the consolidation of new subsidiaries[14] - The company reported non-recurring gains of CNY 140,566.33 during the period[9] - The company has not disclosed any new product developments or market expansion strategies in this report[4]