维科技术(600152) - 2016 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 126,562,701.23, a decline of 26.53% year-on-year[6] - Net profit attributable to shareholders was CNY -16,157,298.68, improving from CNY -23,859,749.64 in the same period last year[6] - The company's revenue for Q1 2016 was approximately ¥130.23 million, a decrease of 33.94% compared to ¥197.12 million in Q1 2015, primarily due to the reduction of loss-making capacity[13] - Operating profit for Q1 2016 was -¥13.67 million, an improvement from -¥22.60 million in the same period last year, attributed to the company's efforts to reduce loss-making capacity[13] - Net profit for Q1 2016 was -¥13.87 million, compared to -¥21.15 million in Q1 2015, reflecting a reduction in interest expenses due to the repayment of bank loans from cash obtained from property disposals[13] - Total operating revenue for the current period is ¥126,562,701.23, down 26.6% from ¥172,260,739.54 in the previous period[25] - Operating profit for the current period is -¥13,673,768.15, an improvement from -¥22,598,559.77 in the previous period[27] - Net profit for the current period is -¥13,871,429.21, compared to -¥21,151,029.51 in the previous period, indicating a significant reduction in losses[27] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash flow of CNY -3,764,055.47 compared to CNY -17,222,730.52 in the previous year[6] - The net cash flow from operating activities for Q1 2016 was ¥9,021,929.92, a significant improvement compared to a net outflow of ¥14,936,883.46 in the same period last year[32] - Cash inflow from operating activities totaled ¥150,875,170.92, down 28.0% from ¥209,341,752.88 in the previous period[29] - Cash paid for goods and services was ¥79,411,664.82, a decrease of 42.4% from ¥137,981,136.91 in the previous period[29] - The ending cash and cash equivalents balance for Q1 2016 was ¥140,846,827.23, down from ¥211,681,220.73 in the previous year[30] - The company reported a cash outflow of ¥4,113,843.49 for dividend distributions, down from ¥9,175,909.81 in the previous year[33] - The net increase in cash and cash equivalents for the quarter was -¥60,327,613.85, contrasting with a positive increase of ¥13,912,436.05 in the same quarter last year[33] Assets and Liabilities - Total assets decreased by 5.55% to CNY 1,311,400,857.35 compared to the end of the previous year[6] - Current liabilities decreased from CNY 609,027,577.13 to CNY 533,268,241.89, a reduction of about 12.4%[19] - Non-current assets totaled CNY 713,554,824.07, slightly down from CNY 718,132,778.81, indicating a decrease of around 0.8%[18] - The company's cash and cash equivalents dropped from CNY 144,345,540.13 to CNY 84,017,926.28, a decline of approximately 41.9%[21] - Total liabilities decreased from CNY 731,295,843.64 to CNY 669,771,543.51, a reduction of about 8.4%[19] - The company's retained earnings decreased from CNY 43,791,774.30 to CNY 32,442,871.04, a decline of approximately 26.0%[20] - The total equity attributable to shareholders decreased from CNY 593,053,058.57 to CNY 586,627,236.65, a reduction of about 1.1%[20] Shareholder Information - The number of shareholders at the end of the reporting period was 26,971[11] - The largest shareholder, Weike Holdings Group Co., Ltd., holds 22.27% of the shares, totaling 65,350,000 shares[11] Investments and Subsidiaries - The company has established a new subsidiary, Ningbo Weike Tequo Home Textile Co., Ltd., with a registered capital of ¥20 million, in which it holds an 85% stake, focusing on high-end textile products and technology development[13] - The company acquired a 5% stake in Ningbo Weike Cotton Textile Co., Ltd. for ¥3.5 million, increasing its ownership to 75%[14] Future Outlook - The company expects to report a net loss attributable to shareholders for the first half of 2016, primarily due to a decline in product demand and increased production costs during its industry adjustment process[16] - The company anticipates that the adjustment process will be slow, impacting the improvement of its financial performance[16] Non-Recurring Items - The company reported non-recurring gains and losses totaling CNY 4,808,395.42 for the period[8] Earnings Per Share - The basic and diluted earnings per share were both CNY -0.0387[6] - Basic and diluted earnings per share improved to -¥0.0387 from -¥0.0600 in the previous period[28]