ZJJH(SH:600160)2016-04-22 16:00Financial Performance - Operating revenue for the period was ¥2,382,948,473.10, representing a growth of 13.41% year-on-year[6] - Net profit attributable to shareholders was a loss of ¥34,411,858.78, a decrease of 2,105.84% compared to the previous year[6] - Basic and diluted earnings per share were both -¥0.0190, a decline of 2,211.11% year-on-year[6] - The net profit attributable to the parent company decreased by 2105.84% to a loss of CNY 34,411,858.78, mainly due to a decline in product prices[11] - The net profit for Q1 2016 was CNY -33,493,466.08, compared to a net profit of CNY 2,103,200.71 in the same period last year, indicating a significant decline[24] - The total comprehensive income for Q1 2016 was CNY -33,133,383.71, down from CNY 2,499,665.99 in the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,253,747,328.43, an increase of 0.66% compared to the end of the previous year[6] - Non-current assets totaled CNY 6,156,375,072.84, slightly down from CNY 6,208,370,131.39 at the beginning of the year[15] - Current liabilities increased to CNY 1,825,416,519.28 from CNY 1,730,449,548.61, representing a rise of 5.5%[15] - Total liabilities reached CNY 1,997,970,583.00, up from CNY 1,908,660,676.08, marking an increase of 4.7%[16] - Owner's equity decreased to CNY 7,255,776,745.43 from CNY 7,284,480,616.07, a decline of 0.4%[16] Cash Flow - Cash flow from operating activities improved significantly to ¥39,824,076.49, a 317.90% increase from the previous year[6] - Cash flow from financing activities increased by 181.21% to CNY 104,120,439.03, driven by increased issuance of promissory notes[12] - Cash inflow from financing activities was CNY 314,120,439.03, up from CNY 198,143,228.72, marking an increase of approximately 58.6%[30] - Net cash flow from operating activities was CNY 39,824,076.49, a significant improvement compared to a negative cash flow of CNY -18,276,495.61 in Q1 2015[29] - The ending cash and cash equivalents balance was CNY 718,828,425.10, an increase from CNY 505,495,553.91 at the end of Q1 2015[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 89,356[9] - The largest shareholder, Juhua Group Company, held 1,021,619,726 shares, accounting for 56.41% of total shares[10] Government Support and Other Income - Government subsidies recognized in the current period amounted to ¥10,133,553.64, closely related to the company's normal business operations[8] - Cash received from government subsidies increased by 304.67% to CNY 2,338,162.98, reflecting higher government support[12] - Non-recurring gains and losses totaled ¥10,397,072.51 for the period[8] Operational Costs and Expenses - Total operating costs for Q1 2016 were CNY 2,419,912,675.36, up from CNY 2,108,648,132.31, reflecting a year-over-year increase of 14.7%[22] - Financial expenses surged by 474.16% to CNY 5,413,943.01, primarily due to increased interest expenses[11] - The financial expenses for Q1 2016 increased to CNY 5,413,943.01 from a negative CNY -1,446,971.64 in the previous year, indicating higher costs[24] - Sales expenses for Q1 2016 were CNY 90,529,661.75, up from CNY 71,835,442.60 in the previous year, reflecting increased marketing efforts[24] - Management expenses for Q1 2016 were CNY 111,677,435.97, slightly down from CNY 115,062,672.69 in the previous year[24] Inventory and Receivables - Accounts receivable increased by 35.33% to CNY 483,959,270.49, attributed to a higher proportion of direct sales and extended export credit terms[11] - Inventory stood at CNY 186,272,465.69, slightly down from CNY 188,241,163.80, a decrease of 1.0%[19] - Prepayments surged by 571.29% to CNY 239,707,129.47, driven by increased trading activities[11] - Other current assets rose by 145.89% to CNY 351,920,854.62, reflecting an increase in investment in financial products[11]