HSTD(SH:600054)2016-04-27 16:00Financial Performance - Operating revenue increased by 39.75% to CNY 301,493,844.60 year-on-year[7] - Net profit attributable to shareholders increased by 352.12% to CNY 58,313,900.18 compared to the same period last year[7] - Basic earnings per share rose by 281.58% to CNY 0.1160[7] - The company's operating revenue for Q1 2016 reached CNY 301,493,844.60, representing a 39.75% increase compared to CNY 215,733,131.23 in the same period last year[15] - The net profit attributable to the parent company increased by 303.70% to CNY 57,795,497.60, up from CNY 14,316,471.42 in the previous year[15] - The net profit for Q1 2016 reached CNY 56,055,405.33, representing a significant increase of 159% from CNY 21,678,427.62 in Q1 2015[30] - The total profit for the quarter was CNY 65,127,460.25, compared to CNY 27,423,841.54 in Q1 2015, reflecting a growth of 138%[30] Cash Flow - Cash flow from operating activities improved by 18.00%, resulting in a net cash flow of -CNY 11,803,250.83[7] - The cash flow from operating activities showed a decrease of 18.00%, with a net outflow of CNY 11,803,250.83 compared to CNY 14,394,066.12 in the same period last year[15] - The company reported a net cash outflow from operating activities of CNY -11,803,250.83, an improvement compared to CNY -14,394,066.12 in Q1 2015[33] - Cash inflow from operating activities totaled CNY 356,387,050.75, compared to CNY 273,793,277.11 in the same quarter last year[33] - The net cash flow from operating activities for Q1 2016 was -25,581,923.92 RMB, compared to -2,801,648.62 RMB in the same period last year, indicating a significant decline[34] - Cash inflow from operating activities totaled 196,126,877.75 RMB, an increase of 16.36% from 168,590,984.96 RMB in the previous year[34] - Cash outflow from operating activities was 221,708,801.67 RMB, up 29.36% from 171,392,633.58 RMB in the same period last year[34] Assets and Liabilities - Total assets decreased by 2.18% to CNY 3,948,569,015.52 compared to the end of the previous year[7] - Total liabilities decreased by 19.24% in accounts payable, from CNY 185,521,909.59 to CNY 149,827,964.75, due to payments made for engineering and travel agency group funds[13] - Non-current assets totaled CNY 1,940,998,981.87, a decrease from CNY 1,955,657,077.82 at the beginning of the year[24] - Total assets amounted to CNY 3,789,218,367.53, down from CNY 3,840,192,079.46 at the start of the year[25] - Total liabilities were CNY 678,199,058.79, a decrease from CNY 785,228,176.05 compared to the previous period[25] - Shareholders' equity increased to CNY 3,111,019,308.74 from CNY 3,054,963,903.41, indicating a growth of 1.8%[25] Shareholder Information - The total number of shareholders reached 32,564 at the end of the reporting period[10] - The largest shareholder, Huangshan Tourism Group Co., Ltd., holds 39.69% of the shares[10] Expenses and Financial Management - The company's financial expenses decreased by 63.38%, from CNY 6,923,327.36 to CNY 2,535,309.27, attributed to reduced borrowing and lower interest rates[15] - The company reported a decrease in employee compensation payable from CNY 46,919,235.23 to CNY 11,275,436.82, a decline of 76.0%[24] - The company incurred financial expenses of CNY -325,389.50, a decrease from CNY -3,477,256.72 in the previous year, indicating improved cost management[30] - The company reported a significant increase in sales expenses, totaling CNY 159,756.02, up from CNY 120,195.50 in Q1 2015, indicating increased marketing efforts[30] Investment Activities - The company received investment income of CNY 14,875,315.80, a 147.68% increase from CNY 6,005,794.80, primarily from cash dividends from Huazhong Securities[15] - Investment income for the quarter was CNY 28,839,240.57, a substantial increase from CNY 4,442,185.87 in the previous year[30] - The company reported an increase in cash received from investment income to 15,000,000.00 RMB, up from 6,000,000.00 RMB in the previous year[35] Future Outlook - The company plans to gradually exit the real estate business by December 31, 2019, due to competition with its controlling shareholder[16] - The company anticipates a potential significant change in net profit compared to the same period last year, indicating a cautious outlook for future performance[37]