BVEA(SH:600379)2016-04-29 16:00Financial Performance - Operating revenue rose by 27.81% to CNY 144,375,307.78 year-on-year[7] - Net profit attributable to shareholders increased by 41.97% to CNY 6,668,611.44 compared to the same period last year[7] - Basic earnings per share increased by 42.21% to CNY 0.0283[7] - The company's sales revenue for Q1 2016 was ¥111,793,084.13, representing a 42.52% increase compared to ¥78,442,745.36 in the same period last year[16] - Operating profit for Q1 2016 reached CNY 7,456,640.04, representing a 47.7% increase from CNY 5,047,187.93 in the previous year[28] - Net profit for Q1 2016 reached CNY 7,595,204.68, representing a 76.5% increase from CNY 4,313,156.01 in Q1 2015[31] - The company reported a profit before tax of CNY 9,158,013.83 for Q1 2016, an increase of 87.5% from CNY 4,874,031.26 in Q1 2015[31] Assets and Liabilities - Total assets increased by 2.50% to CNY 839,881,326.87 compared to the end of the previous year[7] - The company's total assets as of March 31, 2016, amounted to CNY 814,302,672.84, compared to CNY 792,740,542.39 at the beginning of the year[27] - Current liabilities totaled CNY 339,549,947.59, an increase from CNY 325,583,021.82 at the start of the year[27] - The total liabilities of the company were CNY 373,090,336.50, up from CNY 359,123,410.73 at the beginning of the year[27] - The company's total equity as of March 31, 2016, was CNY 441,212,336.34, compared to CNY 433,617,131.66 at the beginning of the year[28] Cash Flow - Cash flow from operating activities decreased significantly by 87.72% to CNY 16,367,007.54[7] - The net cash flow from operating activities was CNY 16,367,007.54, a decrease of 87.7% compared to CNY 133,323,430.98 in Q1 2015[35] - Cash inflow from operating activities totaled ¥98,766,111.46, down 46.96% from ¥186,037,702.03 year-over-year[37] - Cash outflow from operating activities increased to ¥83,524,651.97, up 50.93% from ¥55,284,569.39 in the previous year[37] - The net cash flow from investing activities was -¥31,735,995.80, compared to -¥410,305.62 in the same period last year, indicating increased investment outflows[37] - The net cash flow from financing activities improved to ¥18,965,708.33, compared to a net outflow of -¥11,206,448.61 in the same period last year[38] Shareholder Information - The number of shareholders reached 27,272 by the end of the reporting period[12] - The company's shareholder, Baoguang Group, plans to transfer 46,200,000 shares, representing 19.59% of the total share capital, subject to approval from the State-owned Assets Supervision and Administration Commission[20] Other Income and Expenses - Other business income surged by 167.67% to CNY 18,854,123.72, mainly from the sale of reserved raw materials[15] - The company reported a significant increase in government subsidies recognized as operating income, totaling CNY 701,460.00, up 187.87% from the previous year[15] - Tax refunds received decreased by 57.81% to ¥1,708,160.48 from ¥4,048,291.71 due to a reduction in export tax rebates[16] - Cash payments for purchasing goods and services increased by 87.89% to ¥44,509,559.66 from ¥23,689,445.10, attributed to a higher cash payment ratio for material procurement[16] - The company incurred operating costs of CNY 113,863,646.02 in Q1 2016, which is a 30.9% increase from CNY 86,984,199.42 in the previous year[30] - The financial expenses for Q1 2016 were CNY 1,023,597.76, down from CNY 1,618,601.75 in Q1 2015, indicating a reduction of 36.7%[30] Inventory and Receivables - Accounts receivable increased by 41.94% to CNY 199,098,002.70, primarily due to sales and credit sales[14] - The company’s accounts receivable rose to ¥199,098,002.70 from ¥140,266,476.98, indicating a significant increase in credit sales[23] - Inventory at the end of Q1 2016 was CNY 103,847,631.42, a slight decrease from CNY 104,997,643.69 at the beginning of the year[26]