长城电工(600192) - 2016 Q1 - 季度财报

Financial Performance - Operating revenue fell by 18.88% to CNY 377,406,923.34 year-on-year[7] - Net profit attributable to shareholders decreased by 78.72% to CNY 2,939,969.15[7] - Basic earnings per share dropped by 76.19% to CNY 0.0100[7] - Total profit decreased by 70.85% to CNY 6,671,390.05 due to declining revenue and reduced government subsidies[11] - Total operating revenue for Q1 2016 was ¥377,406,923.34, a decrease of 18.8% from ¥465,222,475.41 in the same period last year[22] - Net profit for Q1 2016 was ¥4,379,459.04, a decline of 78.0% compared to ¥19,950,598.31 in Q1 2015[22] - The profit attributable to the parent company's shareholders was ¥4,414,074.59, down 76.3% from ¥18,571,300.77 in the previous year[22] - Operating profit for Q1 2016 was ¥4,797,660.47, down 73.5% from ¥18,160,586.77 in Q1 2015[22] - The total profit for Q1 2016 was ¥6,671,390.05, down 70.8% from ¥22,888,309.21 in Q1 2015[22] Cash Flow - Cash flow from operating activities improved by 3.83% to -CNY 55,831,317.30 compared to the same period last year[7] - Cash flow from investment activities worsened by 128.78% to -CNY 45,950,056.37 due to increased project expenditures[12] - Cash flow from financing activities showed a significant negative change, amounting to -CNY 30,486,890.26 as the company repaid high-interest bank loans[12] - The net cash flow from operating activities was -55,831,317.30 RMB, an improvement from -58,055,584.51 RMB in the previous period, indicating a narrowing loss[27] - Cash inflow from operating activities totaled 290,232,537.02 RMB, slightly up from 288,520,141.08 RMB year-over-year[27] - Cash outflow from operating activities was 346,063,854.32 RMB, compared to 346,575,725.59 RMB in the previous period, showing a stable expenditure level[27] - The net cash flow from investing activities was -45,950,056.37 RMB, worsening from -20,084,807.35 RMB in the previous period, reflecting increased investment outflows[27] - Cash inflow from financing activities decreased to 103,000,000.00 RMB from 140,000,000.00 RMB, indicating reduced borrowing[27] - Cash outflow from financing activities was 133,486,890.26 RMB, down from 139,634,689.89 RMB, showing a slight reduction in debt repayment[27] - The ending cash and cash equivalents balance was 351,484,585.66 RMB, up from 258,677,082.23 RMB in the previous period, indicating improved liquidity[27] Assets and Liabilities - Total assets decreased by 2.68% to CNY 4,540,029,233.32 compared to the end of the previous year[7] - Total liabilities decreased from CNY 2,711,393,445.86 to CNY 2,582,119,813.87, a reduction of approximately 4.8%[18] - Current liabilities totaled CNY 2,020,261,243.98, down from CNY 2,149,467,434.28, reflecting a decrease of about 6.0%[18] - Total current assets decreased from ¥3,366,612,103.16 to ¥3,210,398,804.79, a decline of about 4.6%[17] - Non-current assets increased from ¥1,298,311,303.11 to ¥1,329,630,428.53, reflecting a growth of approximately 2.4%[17] - The company's cash and cash equivalents decreased from ¥536,400,030.11 to ¥404,131,766.18, a decline of approximately 24.6%[17] - Accounts receivable increased slightly from ¥1,525,686,642.88 to ¥1,544,011,837.49, reflecting a growth of about 1.2%[17] - Inventory decreased from ¥965,166,722.27 to ¥917,492,502.25, a reduction of approximately 4.9%[17] - The total assets decreased from ¥4,664,923,406.27 to ¥4,540,029,233.32, a decline of about 2.7%[17] Shareholder Information - The number of shareholders reached 38,859, with the largest shareholder holding 34.35% of the shares[9] - The company committed to not engaging in any competing business activities that could directly or indirectly compete with its main business[14] - The controlling shareholder pledged to not reduce their holdings during periods of market volatility, aiming to support the company's stability[14] - The company plans to distribute cash dividends amounting to no less than 30% of the average distributable profit over three years[14] - The company has no current plans to invest in similar or substitute projects that could compete with its existing investments[14] Other Financial Metrics - Total operating costs for Q1 2016 were ¥373,328,276.82, down 16.4% from ¥446,692,709.92 year-over-year[22] - Other income for Q1 2016 was ¥1,987,994.20, a decrease from ¥6,748,657.41 in the previous year[22] - The company reported a decrease in sales expenses to ¥32,249,127.84 from ¥38,478,005.46 year-over-year, a reduction of 16.0%[22] - The company received tax refunds of 811,589.55 RMB, a significant decrease from 8,815,358.12 RMB in the previous period[27] - The cash inflow from other operating activities increased to 28,176,111.85 RMB from 20,315,190.63 RMB, reflecting better operational performance[27] - The company paid 73,965,296.15 RMB to employees, which is an increase from 58,326,102.28 RMB, indicating higher labor costs[27]