WHEE(SH:600475)2016-04-21 16:00Financial Performance - Operating revenue fell by 15.02% to CNY 676,218,380.02 year-on-year[7] - Net profit attributable to shareholders decreased by 6.05% to CNY 26,426,590.10 compared to the same period last year[7] - Net profit for Q1 2016 was CNY 40,032,751.44, slightly down by 1.8% from CNY 40,753,408.64 in Q1 2015[24] - The company's investment income for Q1 2016 was CNY 2,637,843.49, down from CNY 3,210,615.51, a decline of 17.7%[24] - Basic earnings per share for Q1 2016 was CNY 0.1032, compared to CNY 0.1099 in the previous year, reflecting a decrease of 6.1%[25] Asset and Liability Changes - Total assets decreased by 2.94% to CNY 4,918,679,515.20 compared to the end of the previous year[7] - The company's current assets totaled CNY 4,008,254,003.95, down from CNY 4,148,398,214.09, indicating a decrease of about 3.39%[16] - The total liabilities decreased to CNY 3,217,767,074.35 from CNY 3,406,675,604.86, a reduction of approximately 5.56%[18] - The total liabilities decreased to CNY 1,443,056,263.42 from CNY 1,545,028,253.91, a reduction of 6.6%[22] - Current liabilities totaled CNY 1,414,836,328.72, down from CNY 1,516,808,319.21, indicating a decrease of 6.7%[22] Cash Flow Analysis - Net cash flow from operating activities turned negative at CNY -74,292,946.98, a decrease of 180.71% year-on-year[7] - The total cash inflow from operating activities was CNY 879,327,625.88, a decrease of 8.7% compared to CNY 963,544,534.98 in the previous period[28] - The cash outflow from operating activities amounted to CNY 953,620,572.86, an increase of 9.4% from CNY 871,492,224.99 in the previous period[29] - Cash flow from investment activities resulted in a net outflow of CNY -8,739,818.68, worsening from CNY -2,027,437.40 in the previous period[29] - The net cash flow from financing activities was negative at CNY -12,910,135.19, compared to CNY -15,363,062.49 in the previous period[30] Shareholder Information - The number of shareholders reached 15,609 at the end of the reporting period[11] - The largest shareholder, Wuxi Guolian Environmental Energy Group Co., Ltd., holds 45.12% of the shares[11] Government Support - The company received government subsidies amounting to CNY 1,100,000.00 during the reporting period[7] Inventory and Receivables - Accounts receivable decreased by 47.90% to CNY 147,936,729.46 due to payment of goods with bills[13] - Prepayments increased by 67.95% to CNY 579,721,939.41 as a result of material procurement[13] - The company's inventory decreased to CNY 684,406,466.05 from CNY 824,697,706.19, indicating a decline of approximately 17.00%[16] - Accounts receivable increased to CNY 1,316,967,062.79 from CNY 1,253,542,599.94, showing an increase of about 5.06%[16] Corporate Governance - The company reported a commitment to avoid any direct or indirect competition with listed companies, ensuring compliance with corporate governance standards[14]