KCGJ(SH:600097)2016-04-27 16:00Financial Performance - Operating revenue increased by 88.01% to CNY 131,019,693.60 compared to the same period last year[12] - Net profit attributable to shareholders was a loss of CNY 91,747,631.45, compared to a loss of CNY 65,596,533.96 in the previous year[12] - The company reported a significant increase in operating costs, which rose by 86.53% to CNY 193,907,134.04, primarily due to increased sales volume[12] - Total revenue for Q1 2016 was CNY 131,019,693.60, a 88.1% increase from CNY 69,688,891.77 in the same period last year[24] - Net loss for Q1 2016 was CNY 91,758,040.82, compared to a net loss of CNY 65,596,533.96 in Q1 2015, representing a 39.8% increase in losses[25] - Basic and diluted earnings per share for Q1 2016 were both CNY -0.45, compared to CNY -0.32 in Q1 2015[26] Cash Flow - Cash flow from operating activities was CNY 8,551,889.88, a significant improvement from a negative cash flow of CNY 77,636,033.38 in the same period last year[12] - The net cash flow from operating activities was -1,732,210.27 RMB, compared to -51,015,665.93 RMB in the previous period, indicating a significant improvement[32] - Cash inflow from financing activities totaled 69,990,000.00 RMB, down from 90,000,000.00 RMB in the previous period, while cash outflow was 62,354,898.88 RMB, compared to 92,941,420.00 RMB previously[29] - The net cash flow from financing activities was 7,635,101.12 RMB, a turnaround from -2,941,420.00 RMB in the previous period[29] - The total cash and cash equivalents at the end of the period were 213,529,182.75 RMB, compared to 142,540,244.13 RMB in the previous period[29] - The cash received from operating activities was 20,619.92 RMB, a decrease from 237,750.79 RMB in the previous period[32] - The cash paid for employee compensation was 60,450.03 RMB, slightly up from 58,500.00 RMB in the previous period[32] - The cash flow from investment activities was -16,114,095.54 RMB, compared to -349,786.28 RMB in the previous period, indicating increased investment outflows[29] Assets and Liabilities - Total assets decreased by 6.66% to CNY 1,098,113,913.04 compared to the end of the previous year[8] - Current assets totaled 436,345,705.28 RMB, down from 505,188,386.80 RMB at the beginning of the year, indicating a decline of approximately 13.6%[17] - The company's total liabilities increased to 398,483,331.01 RMB from 383,965,933.60 RMB, reflecting a rise of about 3%[19] - The company's retained earnings decreased from 283,403,715.48 RMB to 191,656,084.03 RMB, a decline of approximately 32.4%[19] - Total liabilities decreased to CNY 1,245,153.79 from CNY 2,295,153.23 at the beginning of the year[22] - Total equity as of the end of Q1 2016 was CNY 1,215,869,083.36, slightly down from CNY 1,216,881,186.61 at the beginning of the year[22] Shareholder Information - The number of shareholders reached 18,786, with the largest shareholder holding 43.02% of the shares[11] - The company plans to issue non-public shares, leading to a temporary suspension of its stock since June 5, 2015[12] - The company plans to raise approximately 880 million RMB through a private placement to acquire 100% of ALBO and 70% of FCS, as well as to establish a domestic tuna processing base[13] - As of the report date, the company has signed a share purchase agreement for the acquisition of ALBO, pending board and shareholder approval, as well as government regulatory approval[14] - The company has extended the exclusivity period for the acquisition of ALBO until February 29, 2016, if no termination notice is issued[13] Inventory and Receivables - Accounts receivable decreased by 37.49% to CNY 20,901,330.40 due to normal cash recovery from fish sales[12] - The company reported a decrease in accounts receivable from 33,435,322.68 RMB to 20,901,330.40 RMB, a decline of approximately 37.5%[17] - The company’s inventory decreased from 217,510,218.67 RMB to 169,190,158.80 RMB, a reduction of about 22.2%[17]