ZSIG(SH:600313)2016-04-27 16:00Financial Performance - Operating revenue surged by 122.91% to CNY 1,147,218,823.20 year-on-year[6] - Net profit attributable to shareholders reached CNY 3,292,238.50, a significant turnaround from a loss of CNY 8,380,380.28 in the previous year, marking a 139.29% increase[6] - Basic earnings per share increased by 133.33% to CNY 0.0076, up from a loss of CNY 0.0228 per share in the previous year[6] - The weighted average return on equity improved by 0.93 percentage points to 19.00%[6] - The net profit for Q1 2016 was CNY 1,946,969.57, a turnaround from a net loss of CNY 16,633,982.04 in the previous year[38] - The profit attributable to the parent company's shareholders was CNY 3,292,238.50, compared to a loss of CNY 8,380,380.28 in Q1 2015[39] - The company reported an operating profit of CNY 1,835,455.41 for Q1 2016, a significant improvement from an operating loss of CNY 21,602,832.65 in Q1 2015[38] Cash Flow - Cash flow from operating activities improved by 43.57%, with a net outflow of CNY 13,674,014.63 compared to CNY 24,231,969.48 in the same period last year[6] - The net cash flow from operating activities improved by 43.57%, from a negative CNY 24,231,969.48 to a negative CNY 13,674,014.63, due to the receipt of cooperative fees as per agreements[15] - The total cash inflow from operating activities is 1,419,490,145.33, up from 494,924,805.74 in the previous period, representing an increase of about 186%[42] - The net cash flow from investment activities is 143,247,591.77, a turnaround from -297,260,232.85 in the previous period, indicating a positive shift in investment performance[43] - The company has received cash from the recovery of investments amounting to 449,800,000.00, compared to 195,000,000.00 in the previous period, reflecting an increase of approximately 130%[43] Assets and Liabilities - Total assets increased by 4.85% to CNY 3,949,010,553.03 compared to the end of the previous year[6] - The company’s total liabilities reached CNY 1.38 billion, compared to CNY 1.23 billion in the previous year[30] - The company's current assets totaled CNY 2.30 billion, up from CNY 2.12 billion year-over-year[29] - The company's non-current assets were valued at CNY 1.64 billion, slightly up from CNY 1.64 billion year-over-year[29] - The total assets as of March 31, 2016, were CNY 1,661,029,145.28, slightly up from CNY 1,656,929,983.84 at the beginning of the year[35] - The total liabilities as of March 31, 2016, were CNY 65,328,644.36, an increase from CNY 57,305,200.63 at the start of the year[35] Shareholder Information - The total number of shareholders reached 30,627 by the end of the reporting period[9] - The largest shareholder, China Agricultural Reclamation Group, holds 23.12% of the shares, totaling 100,100,000 shares[9] Investment and Acquisitions - The company acquired a 51% stake in Henan Zaohua Grain and Oil Co., which achieved a revenue of CNY 208.33 million and a net profit of CNY 2.08 million in 2015, meeting performance commitments[23] - For Wuhan Huguang Agricultural Science and Technology Co., the company holds a 26.316% stake, with performance commitments of CNY 8 million for 2015, CNY 9.6 million for 2016, and CNY 11.52 million for 2017, totaling CNY 29.12 million[24] Operational Developments - The company has not disclosed any new product developments or market expansion strategies in this report[11] - The company signed a strategic cooperation framework agreement with the People's Government of Weining Yi, Hui, and Miao Autonomous County on January 15, 2016[16] - The company completed the issuance of shares to purchase assets, raising a net amount of CNY 120,933,404.12, which has been stored in a designated account as required[16] Other Financial Metrics - The company reported non-recurring gains of CNY 1,292,633.19 during the period[8] - The company faced a 52.59% decline in investment income, dropping to CNY 1,143,207.17 from CNY 2,411,367.23, attributed to reduced financial returns[15] - The company recorded a 79.08% increase in prepaid accounts to CNY 461,288,364.04, primarily due to increased prepaid accounts in the fertilizer business[15] - The company reported a 124.17% increase in advance receipts to CNY 443,861,969.06, also driven by the fertilizer business[15] - The company experienced a 35.94% decrease in employee compensation payable, from CNY 18,729,457.11 to CNY 11,998,428.07, due to the cashing out of 2015 performance bonuses[15]