亚星化学(600319) - 2016 Q1 - 季度财报

Financial Performance - Operating revenue for the current period was ¥311,016,878.00, representing a decrease of 7.15% year-on-year[6] - Net profit attributable to shareholders of the listed company was -¥29,234,458.84, showing an improvement from -¥46,831,577.96 in the same period last year[6] - The net loss for Q1 2016 was CNY 33,399,560.15, compared to a net loss of CNY 54,126,866.74 in Q1 2015, representing a 38.3% improvement[21] - Basic earnings per share for Q1 2016 were CNY -0.09, an improvement from CNY -0.15 in Q1 2015[21] - The company anticipates continued weak performance in its main products, with low profitability expected to persist[14] Cash Flow - Cash flow from operating activities was -¥52,849,670.63, worsening from -¥23,433,629.06 year-on-year[6] - Cash inflows from operating activities were CNY 233,093,848.03, down 40.5% from CNY 391,574,044.18 in the same quarter last year[25] - The net cash flow from operating activities was -54,840,590.72 RMB, compared to -40,620,945.49 RMB in the previous period, indicating a decline of approximately 35%[27] - The total cash outflow from operating activities was 263,630,838.91 RMB, compared to 392,719,837.78 RMB in the previous period, showing a decrease of about 33%[27] - The cash flow from operating activities was significantly impacted, with a total cash inflow of 208,790,248.19 RMB, down from 352,098,892.29 RMB, a decrease of about 41%[27] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,136,838,181.11, an increase of 5.64% compared to the end of the previous year[6] - Total current assets increased to CNY 911.32 million from CNY 777.64 million, reflecting a rise in cash and accounts receivable[16] - Total liabilities increased to CNY 2.33 billion from CNY 2.19 billion, with current liabilities accounting for a significant portion[17] - The company reported a negative retained earnings of CNY -1.27 billion, indicating ongoing financial challenges[17] - The company's total liabilities increased to CNY 1,718,774,125.98, up from CNY 1,616,904,078.36, indicating a rise of 6.3%[21] Expenses - Management expenses decreased by 30.45% to ¥13,652,400.00, mainly due to reduced parking fees incurred in the same period last year[12] - The company's total operating costs decreased to CNY 341,954,756.44, down 12.3% from CNY 389,834,929.69 year-over-year[21] - The company experienced a decrease in financial expenses to CNY 22,296,699.32, compared to CNY 20,846,323.98, an increase of 6.9%[21] - The company reported a decrease in sales expenses to CNY 10,494,357.91, down from CNY 11,849,816.19, a reduction of 11.4%[21] Receivables and Payables - Accounts receivable increased by 58.47% to ¥85,166,800.00 compared to the beginning of the year, primarily due to reduced cash collection from customers[10] - Other payables increased by 29.79% to ¥214,517,200.00, primarily due to increased borrowings from Yaxing Group[10] - Prepayments rose by 138.59% to ¥21,043,200.00, mainly due to increased advance payments for materials[10] Cash and Cash Equivalents - The cash and cash equivalents at the end of the period were 27,590,520.61 RMB, down from 68,671,020.67 RMB, representing a decline of approximately 60%[27] - The total cash inflow from financing activities was 408,997,451.47 RMB, slightly down from 433,395,091.25 RMB, reflecting a decrease of about 6%[27] - The total cash flow from financing activities netted 17,719,314.30 RMB, compared to 58,044,651.26 RMB, indicating a decline of approximately 69%[27] Non-Operating Income - Non-operating income decreased by 88.41% to ¥87,000.00, mainly due to the absence of government energy-saving special funds received in the same period last year[12] - Cash received from other operating activities dropped by 92.6% to CNY 0.38 million, mainly due to a reduction in government subsidies[13]