Y.I.C.(SH:600119)2016-04-25 16:00Financial Performance - Operating revenue for the current period was RMB 325,790,901.73, a decline of 30.12% compared to the same period last year[6] - Net profit attributable to shareholders increased by 61.54% year-on-year, reaching RMB 20,620,838.76[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 1,362.34% to RMB 20,399,187.17[6] - Basic and diluted earnings per share increased by 75.00% to RMB 0.07[6] - Total operating revenue for Q1 2016 was CNY 325,790,901.73, a decrease of 30.1% compared to CNY 466,242,536.76 in the same period last year[24] - Net profit for Q1 2016 reached CNY 24,106,337.54, a significant increase from CNY 14,365,753.71 in the previous period, representing a growth of approximately 68.5%[25] - Total profit for Q1 2016 was CNY 26,989,507.39, compared to CNY 16,622,866.77 in the previous period, representing an increase of about 62.5%[25] - Total comprehensive income for Q1 2016 was CNY 24,028,642.55, compared to CNY 3,787,266.60 in the previous period, marking a significant rise[26] Cash Flow - The net cash flow from operating activities was negative at RMB -11,798,492.71, a decrease of 114.06% compared to the previous year[6] - Cash flow from operating activities for Q1 2016 was CNY 501,824,323.13, down from CNY 625,323,299.39 in the previous period, indicating a decrease of approximately 19.7%[30] - The net cash flow from operating activities was -11,798,492.71, a significant decrease compared to 83,941,684.28 in the previous period, indicating a decline in operational efficiency[31] - Total cash inflow from investment activities was 47,455,569.87, while cash outflow was 32,220,913.77, resulting in a net cash flow of 15,234,656.10, a recovery from -13,265,103.87 in the previous period[31] - Cash inflow from financing activities totaled 150,853,524.22, with cash outflow of 193,242,586.44, leading to a net cash flow of -42,389,062.22, an improvement from -89,385,066.73 previously[32] Assets and Liabilities - Total assets decreased by 6.28% from the end of the previous year, amounting to RMB 2,178,897,307.72[6] - Non-current assets totaled CNY 686,048,695.08, down from CNY 849,091,600.70 at the beginning of the year, reflecting a decrease of approximately 19.2%[19] - Current liabilities decreased to CNY 974,733,421.38 from CNY 1,192,871,840.76, representing a reduction of about 18.3%[19] - The total liabilities were CNY 1,047,177,515.64, down from CNY 1,218,175,239.36, reflecting a decrease of about 13.9%[19] - The equity attributable to shareholders increased to CNY 859,069,629.30 from CNY 838,787,772.05, showing a growth of approximately 2.8%[19] - The company reported a decrease in accounts payable from CNY 228,382,163.19 to CNY 134,089,919.72, a reduction of about 41.3%[19] - The total non-current liabilities increased to CNY 72,444,094.26 from CNY 25,303,398.60, indicating a significant rise of approximately 186.5%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,607[9] - The largest shareholder, Changjiang Economic United Development Group Co., Ltd., held 38.57% of the shares[9] Inventory and Receivables - Accounts receivable decreased by 36.22% to ¥7,414,156.31, primarily due to a reduction in supply chain management business[12] - Prepayments increased by 102.60% to ¥18,500,105.36, mainly attributed to an increase in prepayments for supply chain management[12] - Inventory rose by 62.85% to ¥221,636,008.67, primarily due to an increase in construction-related inventory[12] Expenses and Income - Operating costs decreased by 37.01% to ¥266,682,566.95, corresponding to the reduction in operating revenue[12] - Financial expenses increased by 435.83% to ¥2,558,261.14, primarily due to a decrease in financing income from the BT project[12] - Investment income increased significantly by 1,013.44% to ¥13,994,001.87, mainly due to increased profits from associated companies[12] - Management expenses for Q1 2016 were CNY 30,394,451.50, slightly up from CNY 28,852,798.82 in the previous period, reflecting a 5.4% increase[25]