Shanghai Belling(SH:600171)2016-04-22 16:00Financial Performance - Net profit attributable to shareholders rose by 664.04% to CNY 10,681,393.02 from CNY 1,398,014.75 year-on-year[7] - Operating revenue increased by 1.90% to CNY 114,207,573.09 compared to CNY 112,079,066.92 in the same period last year[7] - Basic and diluted earnings per share both increased to CNY 0.016 from CNY 0.002, reflecting a growth of 664.04%[7] - Net profit for Q1 2016 was CNY 11,027,387.50, significantly up from CNY 1,981,875.91 in the same period last year, marking a growth of over 455%[23] - Earnings per share (EPS) for Q1 2016 was CNY 0.016, compared to CNY 0.002 in the previous year, reflecting an increase of 700%[24] Cash Flow - Net cash flow from operating activities surged by 294.70% to CNY 14,258,865.07 compared to CNY 3,612,560.84 in the previous year[7] - Cash inflow from operating activities totaled CNY 134,318,374.40, compared to CNY 122,850,321.10 in the previous year, marking an increase of about 9.99%[26] - Cash outflow from operating activities was CNY 120,059,509.33, slightly up from CNY 119,237,760.26, indicating a marginal increase of 0.69%[26] - Net cash flow from investing activities was negative CNY 19,362,969.67, an improvement from negative CNY 86,696,132.30 in the previous year[27] - The net cash flow from financing activities was negative CNY 1,336,403.01, compared to negative CNY 171,468.91 in the previous year[27] Assets and Liabilities - Total assets increased by 0.16% to CNY 2,071,038,197.37 compared to the end of the previous year[7] - Total current assets increased to ¥1,561,548,455.69 from ¥1,554,309,967.49, indicating a growth of approximately 0.15%[18] - The total liabilities decreased to ¥208,933,344.38 from ¥216,727,279.31, reflecting a reduction of approximately 3.66%[19] - The company's total equity increased to ¥1,862,104,852.99 from ¥1,851,077,465.49, indicating a growth of about 0.59%[19] Inventory and Receivables - Accounts receivable decreased by 9.41% to CNY 100,071,884.84 due to improved collection efforts[13] - Inventory increased by 18.93% to CNY 77,308,176.17, attributed to seasonal fluctuations[13] - The company’s inventory increased to ¥77,308,176.17 from ¥65,003,751.31, representing a growth of approximately 18.5%[18] - Inventory increased to CNY 48,515,827.15 from CNY 41,620,575.40, representing a growth of approximately 16.5%[22] Expenses - Management expenses decreased by 11.26% to CNY 21,211,615.27 due to cost reduction measures[14] - Financial expenses showed a significant increase in income, with a change from -CNY 1,843,057.54 to -CNY 7,682,955.13, due to increased interest income from bank deposits[14] Investment Activities - The company reported a decrease in cash received from investments, totaling ¥67,568,438.36, down 17.55% compared to ¥81,954,663.85 in the previous period[15] - Investment payments decreased significantly by 50.09%, amounting to ¥82,000,000.00 compared to ¥164,300,000.00 in the same period last year[15] - The company reported an investment income of CNY 568,438.36, down from CNY 954,663.85, a decrease of approximately 40.4%[23] Other Information - The company's cash and cash equivalents at the end of the period amounted to ¥1,164,328,499.59, a slight decrease from ¥1,170,648,034.46 at the beginning of the year[18] - The company's net profit for the period is not explicitly stated, but there is a warning regarding potential significant changes compared to the previous year[16] - The company has committed to not engaging in competitive activities that may conflict with its main business during the acquisition period[16]