恒顺醋业(600305) - 2016 Q1 - 季度财报

Financial Performance - Operating income rose by 7.91% to CNY 359,102,153.87 year-on-year[7] - Net profit attributable to shareholders decreased by 75.08% to CNY 36,331,535.79 compared to the same period last year[7] - Basic earnings per share dropped by 75.07% to CNY 0.1206[7] - Total revenue for Q1 2016 was CNY 359,102,153.87, an increase of 7.4% compared to CNY 332,776,623.77 in Q1 2015[30] - Net profit for Q1 2016 was CNY 36,224,101.09, a decrease of 75.5% from CNY 147,132,016.53 in Q1 2015[31] - Earnings per share for Q1 2016 was CNY 0.1206, down from CNY 0.4838 in Q1 2015[32] - Total comprehensive income for the period amounted to CNY 35,320,222.73, compared to CNY 154,601,607.82 in the previous period[35] Assets and Liabilities - Total assets increased by 0.53% to CNY 2,273,837,235.82 compared to the end of the previous year[7] - Total assets as of March 31, 2016, amounted to ¥2,273,837,235.82, compared to ¥2,261,870,211.14 at the beginning of the year[23] - Total liabilities decreased to ¥680,923,618.76 from ¥705,180,695.17, reflecting a reduction in short-term borrowings[24] - Total liabilities decreased to CNY 499,244,014.75 in Q1 2016 from CNY 546,032,792.74 in Q4 2015, a reduction of 8.5%[28] Cash Flow - Cash flow from operating activities increased by 23.91% to CNY 63,296,464.21 year-on-year[7] - Net cash flow from operating activities was CNY 63,296,464.21, an increase from CNY 51,083,881.05 year-over-year[39] - Cash inflow from sales of goods and services reached CNY 431,343,683.46, slightly up from CNY 431,120,586.42 in the previous period[38] - Cash outflow for purchasing goods and services was CNY 235,524,910.71, down from CNY 274,769,761.16[39] - Net cash flow from investing activities was -CNY 42,666,474.08, a decrease from CNY 149,743,860.41 in the previous period[39] - Cash flow from financing activities resulted in a net outflow of -CNY 43,486,235.26, compared to -CNY 290,632,250.69 last year[40] - Cash inflow from financing activities included CNY 104,100,000.00 from borrowings, up from CNY 50,000,000.00 in the previous period[39] Shareholder Information - The number of shareholders reached 17,082 at the end of the reporting period[10] - The largest shareholder, Jiangsu Hengshun Group Co., Ltd., holds 44.63% of the shares[10] Expenses and Investments - Financial expenses decreased by 62.25% to CNY 2,104,961.66 due to reduced bank borrowings[16] - The company reported a significant increase in sales expenses, which rose to CNY 65,487,232.16 from CNY 55,521,289.87 year-over-year, an increase of 18.0%[31] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by 550.79% to ¥42,666,474.08 from ¥6,556,139.59, primarily due to self-built projects and equipment purchases[18] Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 2,038,100.00[9] - The company reported a significant increase of 142.67% in notes receivable, totaling CNY 9,100,000.00[13] - Tax refunds received decreased by 35.32% to ¥216,951.58 from ¥335,417.05 due to a reduction in tax refunds received this period[18] - Other current assets increased by 76.84% to ¥7,595,162.43 from ¥4,294,834.36, mainly due to an increase in deductible taxes[18] - Long-term prepaid expenses increased by 181.11% to ¥447,954.94 from ¥159,354.68, primarily due to an increase in startup expenses this period[18] - Other non-current assets decreased by 63.66% to ¥24,777,717.32 from ¥68,187,112.48, mainly due to a reduction in long-term asset purchases this period[18] - Notes payable increased by 163.99% to ¥8,782,234.22 from ¥3,326,695.18, primarily due to an increase in bank acceptance notes issued this period[18]