Silan(SH:600460)2016-04-29 16:00Financial Performance - Operating revenue rose by 2.71% to CNY 431,895,386.17 year-on-year[6] - Net profit attributable to shareholders decreased by 92.98% to CNY 2,066,620.61 compared to the same period last year[6] - Operating profit for Q1 2016 was CNY -11,142,514.17, a decrease from CNY 21,901,779.41 in Q1 2015, indicating a significant decline in profitability[22] - Net profit for Q1 2016 was CNY 2,005,104.40, down from CNY 29,795,005.19 in the same period last year, representing a decline of approximately 93.3%[22] - Basic earnings per share for Q1 2016 were CNY 0.002, down from CNY 0.02 in Q1 2015, reflecting a significant decrease in earnings per share[23] Cash Flow - Cash flow from operating activities improved significantly to CNY 7,158,179.76 from a negative CNY 17,506,405.37 in the previous year[6] - Cash flow from operating activities generated a net cash inflow of CNY 7,158,179.76, a recovery from a net outflow of CNY -17,506,405.37 in the previous year[29] - Cash flow from investing activities decreased by 84.19% to CNY 12,644,094.37, mainly due to increased cash payments for fixed assets and intangible assets[12] - Cash flow from financing activities surged by 5126.14% to CNY 340,775,880.09, driven by increased cash from investments and borrowings[12] - Financing activities produced a net cash inflow of CNY 340,775,880.09, significantly higher than CNY 6,520,598.76 in the previous period[30] Assets and Liabilities - Total assets increased by 6.96% to CNY 4,642,971,286.17 compared to the end of the previous year[6] - Total assets increased to CNY 4,642,971,286.17 from CNY 4,341,004,406.11 at the beginning of the year[15] - Total liabilities rose to CNY 2,025,123,475.65 from CNY 1,922,075,844.02 at the beginning of the year[16] - The total assets as of the end of Q1 2016 amounted to CNY 3,384,882,177.99, compared to CNY 3,343,260,588.26 at the end of Q1 2015, showing a slight increase of 1.2%[20] - Total liabilities for Q1 2016 were CNY 1,022,322,543.72, an increase from CNY 1,014,956,299.38 in the previous year, reflecting a growth of 0.4%[20] Shareholder Information - The number of shareholders reached 75,604 at the end of the reporting period[9] - The largest shareholder, Hangzhou Silan Holdings Co., Ltd., holds 41.17% of the shares[9] - Shareholders' equity totaled CNY 2,617,847,810.52, up from CNY 2,418,928,562.09 at the start of the year[16] - The company's total equity as of Q1 2016 was CNY 2,362,559,634.27, up from CNY 2,328,304,288.88 in Q1 2015, indicating an increase of 1.5%[20] Revenue Breakdown - Revenue from integrated circuits reached CNY 166,229,149.23, with a gross margin of 33.66%, reflecting a year-over-year increase of 2.57%[12] - Revenue from discrete devices was CNY 197,367,231.52, with a gross margin of 24.41%, up by 1.82% compared to the previous year[12] - Revenue from LED products fell by 30.65% to CNY 62,232,604.54, with a gross margin of only 0.34%, down by 32.90% year-over-year[12] Investment Income - Investment income decreased by 84.14% to CNY 2,328,934.94, primarily due to reduced net profit from the associate company Youwang Electronics[12] - The company reported an investment income of CNY 2,328,934.94 in Q1 2016, a decrease from CNY 14,681,552.55 in the previous year, indicating a decline of approximately 84.2%[22] Other Financial Metrics - The weighted average return on equity dropped by 1.13 percentage points to 0.09%[6] - The company reported a significant increase of 86.04% in cash and cash equivalents, totaling CNY 761,767,527.93[11] - The company experienced a 60.69% decrease in asset impairment losses, amounting to CNY 4,108,304.32[11] - The total comprehensive income for Q1 2016 was CNY 34,255,345.39, compared to CNY 8,887,204.50 in the previous period, indicating a significant increase[26]