LEEJUN(SZ:002651)2016-04-27 16:00Financial Performance - The company's operating revenue for Q1 2016 was ¥126,172,960.96, a decrease of 3.58% compared to ¥130,853,731.98 in the same period last year[8]. - The net profit attributable to shareholders was ¥24,881,672.65, down 35.84% from ¥38,780,603.89 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥23,875,339.36, a decrease of 32.01% compared to ¥35,115,455.80 in the previous year[8]. - Net profit for the first quarter of 2016 was ¥24,881,672.65, a decrease of ¥13,898,931.24 or 35.84% compared to the same period last year, attributed to decreased interest income and investment income, as well as increased period expenses[19]. - The net profit attributable to shareholders for the first half of 2016 is expected to range from 31.17 million to 49.87 million CNY, representing a decrease of 20.00% to 50.00% compared to 62.33 million CNY in the same period of 2015[31]. - The decline in net profit is attributed to the ongoing impact of the macroeconomic environment and unfavorable sales conditions for the company's main products[31]. - The company anticipates a positive net profit for the first half of 2016, indicating it is not in a turnaround situation[31]. - The company’s performance is expected to be negatively impacted by the challenging market conditions[31]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥6,330,662.03, compared to a negative cash flow of ¥5,906,159.28 in the same period last year, representing a 207.19% increase[8]. - The total assets at the end of the reporting period were ¥2,461,162,606.44, a decrease of 1.46% from ¥2,497,680,255.92 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 1.32% to ¥1,887,493,027.34 from ¥1,862,932,532.73 at the end of the previous year[8]. - The company reported a significant increase in other current assets, which rose by 12,964.88% to ¥273,467,695.20 from ¥2,093,150.69[16]. - Other current assets increased by ¥271,374,544.51, a growth of 129.65% compared to the beginning of the period, mainly due to the increase in bank wealth management products purchased during the reporting period[17]. Expenses - Sales expenses for the first quarter of 2016 increased by ¥1,538,848.13, a growth of 44.09%, mainly due to increased after-sales service fees accrued during the reporting period[18]. - Management expenses increased by ¥3,797,282.72, a rise of 29.12%, primarily due to increased R&D expenditures during the reporting period[18]. - Financial expenses increased by ¥2,372,409.61, a growth of 33.56%, mainly due to reduced time deposits leading to decreased interest income[18]. - Investment income decreased by ¥1,912,109.59, a decline of 73.16%, primarily due to reduced accrued investment income from bank wealth management products compared to the same period last year[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,222[11]. - The top two shareholders, He Yamin and He Jia, collectively hold 67.24% of the company's shares[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. - The company has committed to not transferring or entrusting the management of its shares for a period of 36 months from the date of listing, which is being strictly adhered to[29]. - The company’s major shareholders have also made commitments to not reduce their holdings for 12 months starting from July 7, 2015, which has been strictly followed[29]. Investment Activities - The company approved the use of up to RMB 25,000 million of idle raised funds and RMB 15,000 million of self-owned funds to purchase principal-protected bank wealth management products[25]. - As of the report date, the total amount of wealth management products purchased by the company reached RMB 34,500 million, with RMB 1,000 million having matured and RMB 33,500 million remaining outstanding[26]. - The company has authorized the chairman to make investment decisions within the approved limits, ensuring that the normal operations and main business are not affected[25]. - The investment activities are organized and implemented by the company's finance department, with independent directors and supervisory board expressing agreement on the matter[25]. - The company aims to improve the efficiency of fund utilization and enhance overall performance to provide better returns for shareholders[25]. - The company’s investment strategy focuses on principal-protected products to ensure capital safety while seeking returns[25]. - The investment authorization period is valid for two years from the date of approval by the shareholders' meeting[25]. - The company has not exceeded the authorized limits for the entrusted wealth management amounts as of the report date[26]. Compliance and Governance - There were no violations regarding external guarantees during the reporting period[32]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[33]. - The company has not engaged in any research, communication, or interview activities during the reporting period[34]. - The company’s commitment to avoid any form of competition with its own business has been strictly adhered to during the reporting period[29].