CC GAS(SH:600333)2016-04-26 16:00Financial Performance - Net profit attributable to shareholders increased by 883.82% to CNY 22,137,669.44 from CNY 2,250,184.36 in the same period last year[6] - Basic earnings per share increased by 900.00% to CNY 0.04 from CNY 0.004 in the previous year[6] - Net profit attributable to the parent company surged by 883.82% to CNY 22,137,669.44, driven by increased gross profit from main products[15] - Net profit for the first quarter was CNY 20,321,108.80, a significant increase from CNY 387,241.47 in the previous period, representing a growth of over 5,200%[26] - The company reported an operating profit of CNY 19,414,493.67, up from CNY 4,699,671.63, marking an increase of approximately 313%[26] Revenue and Costs - Operating revenue decreased by 17.33% to CNY 346,564,636.41 compared to CNY 419,204,250.39 in the previous year[6] - Operating costs decreased by 34.04% to CNY 208,734,855.47, primarily due to the suspension of coking products[15] - Operating revenue decreased to CNY 346,564,636.41 from CNY 419,204,250.39, a drop of approximately 17.3%[26] - Operating costs also fell to CNY 337,732,753.51 from CNY 423,797,137.24, a decrease of about 20.3%[26] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 45,474,178.61, a 195.48% increase from a negative CNY 47,627,572.34 in the same period last year[6] - Net cash flow from operating activities improved by 195.48% to CNY 45,474,178.61, mainly due to reduced purchasing expenses following the coking product suspension[16] - Cash flow from investing activities worsened by 69.28% to -CNY 167,548,130.45, primarily due to increased capital expenditures on fixed assets[16] - Cash flow from financing activities decreased by 91.37% to CNY 18,916,481.74, mainly due to reduced loans during the reporting period[16] - Cash inflow from operating activities decreased to CNY 363,335,787.80 in Q1 2016, down 21% from CNY 459,125,797.93 in Q1 2015[33] - Cash outflow from operating activities was CNY 317,861,609.19 in Q1 2016, a decrease of 37% compared to CNY 506,753,370.27 in Q1 2015[33] - Investment activities resulted in a net cash outflow of CNY -167,548,130.45 in Q1 2016, compared to CNY -98,977,377.19 in Q1 2015[33] - Financing activities generated a net cash inflow of CNY 18,916,481.74 in Q1 2016, down from CNY 219,190,498.74 in Q1 2015[34] Assets and Liabilities - Total assets increased by 2.00% to CNY 4,849,637,852.66 compared to the end of the previous year[6] - Total assets increased to CNY 4,849,637,852.66 from CNY 4,754,347,276.99, reflecting growth in both current and non-current assets[20] - Current liabilities rose to CNY 2,296,524,484.26 from CNY 2,230,974,285.08, with significant increases in other payables[21] - Total equity attributable to shareholders increased to CNY 1,597,067,719.35 from CNY 1,574,269,487.60, indicating a stable financial position[21] - Total liabilities rose to CNY 3,131,380,199.94 from CNY 3,082,343,470.91, indicating an increase of around 1.59%[24] Shareholder Information - The number of shareholders reached 35,673 at the end of the reporting period[10] - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 52.57% of the shares[10] Management and Strategy - Management expenses increased by 52.33% to CNY 47,112,039.10, attributed to adjustments related to the handling of legacy issues from the coking business suspension[15] - Financial expenses rose by 81.44% to CNY 10,294,251.07, mainly due to increased interest on liquidity loans during the reporting period[15] - The company plans to focus on market expansion and new product development to drive future growth[26] - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[30]