SMAC(SH:600073)2016-04-28 16:00Financial Performance - Operating revenue for the first quarter was ¥3,573,816,575.85, representing a year-on-year growth of 27.11%[7] - Net profit attributable to shareholders was ¥128,187,021.26, a significant increase of 109.25% compared to the same period last year[7] - Basic earnings per share increased to ¥0.137, reflecting a growth of 110.77% compared to the previous year[7] - The weighted average return on equity rose to 4.23%, an increase of 2.31 percentage points from the previous year[7] - The company reported a net profit margin improvement, with undistributed profits rising to ¥375,586,634.96 from ¥247,399,613.70, an increase of 51.8%[24] - The total profit for Q1 2016 was CNY 203,709,120.22, which is a 159.8% increase compared to CNY 78,632,601.29 in Q1 2015[30] - The net profit for Q1 2016 reached CNY 181,253,603.98, representing a significant increase of 171.5% from CNY 66,754,162.61 in the same period last year[30] - The company expects a cumulative net profit growth of 100%-150% for the first half of 2016, driven by rapid profit growth in the pig farming business[19] Cash Flow - The net cash flow from operating activities was ¥266,705,867.83, up 68.56% year-on-year[7] - The total cash received from operating activities increased by 94.85% to CNY 3,395.47 million compared to the previous year[15] - The cash inflow from operating activities for Q1 2016 was CNY 3,735,600,710.33, an increase from CNY 3,386,293,466.65 in the previous year, showing a growth of 10.3%[36] - The net cash flow from operating activities was 266,705,867.83 RMB, an increase from 158,228,813.47 RMB in the previous period, reflecting a growth of 68.7%[37] - The total cash outflow from operating activities was 3,468,894,842.50 RMB, compared to 3,228,064,653.18 RMB in the previous period, indicating an increase of 7.4%[37] - The cash and cash equivalents at the end of the period totaled 2,282,953,126.56 RMB, up from 1,759,416,523.41 RMB, marking an increase of 29.7%[38] Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,722,998,969.33, an increase of 0.43% compared to the end of the previous year[7] - Non-current assets totaled ¥3,043,673,492.66, reflecting a slight increase from ¥3,014,433,032.20 at the beginning of the year[24] - Current liabilities decreased to ¥3,664,623,530.07 from ¥3,805,109,526.71, a reduction of 3.7%[24] - The company's equity attributable to shareholders increased to ¥3,090,666,075.38 from ¥2,967,958,550.26, representing a growth of 4.1%[24] - The company reported a decrease in accounts receivable by 60.93%, indicating improved cash collection[13] - Inventory decreased by 23.31%, attributed to enhanced inventory management and sales performance[13] Expenses - Total operating costs for Q1 2016 were ¥3,388,155,262.94, up 23.3% from ¥2,746,829,665.88 in Q1 2015[29] - The company's financial expenses increased by 41.15% to CNY 1,415.35 million due to reduced interest income from raised funds[15] - The company's financial expenses increased to CNY 14,153,477.05 in Q1 2016 from CNY 10,027,333.38 in the previous year, marking a rise of 40.5%[30] - The tax expenses for Q1 2016 were CNY 22,455,516.24, up from CNY 11,878,438.68 in the previous year, reflecting an increase of 89.1%[30] Shareholder Information - The number of shareholders at the end of the reporting period was not specified, but the top shareholder held 31.82% of the shares[10] - The company plans to reduce its stake in the convenience store business to around 30% by the end of 2016 to enhance business vitality[17]