SFX(SH:600370)2016-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 23.45% to CNY 13,997,510.29 year-on-year[5] - Basic earnings per share increased by 23.31% to CNY 0.0439[5] - The net profit for Q1 2016 was CNY 19,308,436.66, representing an increase of 15.1% from CNY 16,785,646.22 in Q1 2015[25] - The operating profit for Q1 2016 was CNY 24,973,049.07, up by 25.5% from CNY 19,876,715.52 in the previous year[24] - The total profit for Q1 2016 was CNY 25,033,049.07, an increase of 8.0% from CNY 23,191,094.15 in Q1 2015[24] Revenue and Expenses - Operating revenue decreased by 16.70% to CNY 209,816,550.72 compared to the same period last year[5] - Total revenue for Q1 2016 was CNY 209,816,550.72, a decrease of 16.7% compared to CNY 251,876,565.40 in the same period last year[23] - Total operating costs for Q1 2016 were CNY 184,843,501.65, down from CNY 231,999,849.88 in the previous year, indicating a reduction of 20.3%[23] - The company's sales expenses increased to CNY 2,303,358.28 in Q1 2016, up 43.6% from CNY 1,603,357.12 in the same period last year[24] - Sales expenses increased by 43.66% compared to the previous period, primarily due to increased shipping costs for PBT products from Jiangyin Jihua New Materials Co., Ltd.[11] Cash Flow - Net cash flow from operating activities decreased by 32.03% to CNY 43,223,507.25 year-on-year[5] - The net cash flow from operating activities for Q1 2016 was CNY 43,223,507.25, down 32.1% from CNY 63,589,092.12 in Q1 2015[30] - Operating cash flow for the first quarter was CNY 26,438,833.47, a decrease of 21.5% compared to CNY 33,620,307.91 in the previous period[31] - Cash inflow from operating activities totaled CNY 100,413,085.25, down 25.1% from CNY 134,020,627.73 in the previous period[31] - Cash outflow for purchasing goods and services was CNY 52,138,966.28, a decrease of 36.0% compared to CNY 81,427,798.40 in the previous period[31] Assets and Liabilities - Total assets increased by 0.73% to CNY 1,627,421,761.22 compared to the end of the previous year[5] - Current assets totaled CNY 512,682,980.20, slightly down from CNY 518,623,368.10 at the beginning of the year[21] - Total liabilities amounted to CNY 97,819,109.47, a decrease from CNY 110,207,771.85 at the start of the year, reflecting a reduction of 11.2%[22] - Owner's equity totaled CNY 1,003,590,144.23, a slight decrease from CNY 1,003,931,818.56 at the beginning of the year[22] - Cash and cash equivalents increased to CNY 293,703,355.79 from CNY 267,504,211.37, representing an increase of 9.8%[20] Shareholder Information - The total number of shareholders reached 24,192 at the end of the reporting period[9] - The largest shareholder, Jiangsu Sanfangxiang Group, holds 50.33% of the shares[9] Other Financial Metrics - The weighted average return on equity increased by 0.21 percentage points to 1.15%[5] - Financial expenses decreased, with interest income from deposits at Sanfangxiang Financial Company increasing, resulting in a reduction of 563,762.26 yuan[11] - Asset impairment losses increased significantly by 621.11%, mainly due to the provision for inventory write-downs[11] - Other income decreased by 98.19%, primarily due to the disposal of fixed assets by Jiangyin Xinyuan Thermal Power Co., Ltd. in the previous period[11] - The company incurred an asset impairment loss of CNY 1,013,247.80 in Q1 2016, significantly higher than CNY 140,513.17 in the previous year, indicating increased asset risk[24]