ZHONGJIN GOLD(SH:600489)2016-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 215.68% to CNY 60.35 million compared to the same period last year[6]. - Operating cash flow surged by 824.94% to CNY 1.14 billion compared to the same period last year[6]. - Revenue decreased by 30.01% to CNY 5.60 billion compared to the same period last year[6]. - Basic earnings per share doubled to CNY 0.02 compared to the same period last year[7]. - Net profit increased by 115.25% driven by higher gold sales prices[15]. - Total operating revenue for the current period is ¥5,595,164,780.54, a decrease of 30.0% compared to ¥7,994,281,079.55 in the previous period[29]. - Operating profit increased to ¥125,174,543.39, up 61.3% from ¥77,501,317.70 in the previous period[29]. - Net profit for the current period is ¥93,528,723.85, a significant increase of 115.5% compared to ¥43,451,274.87 in the previous period[30]. - The net profit attributable to the parent company's shareholders is ¥60,345,947.48, up from ¥19,115,947.40, representing a growth of 215.5%[30]. Assets and Liabilities - Total assets increased by 3.80% to CNY 38.19 billion compared to the end of the previous year[6]. - The company's net assets attributable to shareholders increased by 0.59% to CNY 9.93 billion compared to the end of the previous year[6]. - Total liabilities decreased by 49.98% due to a reduction in current long-term borrowings[14]. - Current liabilities rose to CNY 16.78 billion, compared to CNY 16.28 billion, reflecting an increase of about 3.1%[24]. - Non-current liabilities totaled CNY 9.44 billion, an increase from CNY 8.61 billion, indicating a growth of around 9.7%[24]. - The total liabilities increased to CNY 26.22 billion, compared to CNY 24.89 billion, indicating a growth of approximately 5.3%[24]. Cash Flow - Cash flow from operating activities increased by 824.94% due to reduced raw material procurement related to the relocation and upgrade project[15]. - The net cash flow from operating activities for Q1 2016 was -117,282,104.33 RMB, an improvement from -500,513,074.72 RMB in the previous year[39]. - Total cash inflow from operating activities was 5,080,234,403.12 RMB, down from 7,968,703,422.57 RMB year-over-year[38]. - Cash outflow from operating activities totaled 5,197,516,507.45 RMB, compared to 8,469,216,497.29 RMB in the same period last year[38]. - Cash flow from investing activities was -34,374,989.00 RMB, significantly better than -490,010,600.00 RMB in the previous year[39]. - Cash inflow from financing activities was 3,499,313,000.00 RMB, up from 1,400,000,000.00 RMB year-over-year[39]. - The ending cash and cash equivalents balance was 1,105,376,132.04 RMB, compared to 885,242,683.00 RMB at the end of the previous year[39]. Shareholder Information - The total number of shareholders reached 207,783 at the end of the reporting period[11]. - The largest shareholder, China National Gold Group Corporation, holds 50.02% of the shares[11]. - The company has committed to not reducing its holdings in the stock during periods of market volatility, ensuring stability for investors[20]. - The China Gold Group has committed to increasing its stake in the company by up to 1% of the total issued shares over the next 12 months, having already acquired 285,400 shares[20]. Strategic Initiatives - The company is in the process of a share placement, pending approval from the China Securities Regulatory Commission[16]. - The company plans to inject assets from the China Gold Group, with specific criteria for the assets to be injected, including a net profit margin not lower than the previous year's level[19]. - The company is actively working on a management equity incentive plan, expected to be launched within 12 months, contingent on meeting legal and regulatory requirements[19]. - The company is focused on resolving industry competition issues with the China Gold Group to protect the interests of minority shareholders[19]. - The company has outlined a three-tiered approach to address competition with the China Gold Group, including plans for asset injection and divestment of non-core assets[19]. - The company has committed to maintaining its social responsibility and supporting the stability of its stock price during market fluctuations[20]. Inventory and Receivables - Accounts receivable increased by 63.75% due to timing differences in settlements with China Gold Group[14]. - Prepayments rose by 31.31% attributed to increased raw material procurement[14]. - The company reported a significant increase in prepayments to CNY 863.15 million, up from CNY 381.00 million, representing a growth of approximately 126.5%[24]. - Inventory levels increased to CNY 7.97 billion from CNY 7.79 billion, reflecting a growth of approximately 2.4%[23].