BLACK PEONY(SH:600510)2016-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 1.29% to CNY 61,272,906.16 compared to the same period last year[6]. - Operating revenue decreased by 3.61% to CNY 1,479,932,662.20 compared to the same period last year[6]. - The company's weighted average return on equity decreased by 0.41 percentage points to 0.92%[6]. - The basic earnings per share decreased by 25.00% to CNY 0.06 compared to the same period last year[6]. - Net profit for Q1 2016 was CNY 64,710,310.84, a decline of 8.0% compared to CNY 70,423,804.85 in Q1 2015[34]. - The net profit attributable to shareholders of the parent company was CNY 61,272,906.16, slightly down from CNY 62,072,876.65 in the previous year[34]. Assets and Liabilities - Total assets decreased by 1.96% to CNY 18,032,257,655.99 compared to the end of the previous year[6]. - Total liabilities decreased to CNY 10,988,392,708.97 from CNY 11,413,127,533.25, a decline of about 3.7%[29]. - Current assets totaled CNY 14,254,689,286.18, down from CNY 14,619,433,353.79 at the start of the year, reflecting a decrease of approximately 2.5%[28]. - Cash and cash equivalents decreased by 30.90% to CNY 2,122,218,423.04 compared to the beginning of the year[13]. - Accounts payable increased by 126.58% to CNY 503,761,702.90 compared to the beginning of the year[13]. - Inventory stood at CNY 6,131,663,721.06, down from CNY 6,633,363,450.52, a decrease of about 7.6%[28]. - Accounts receivable rose to CNY 4,778,150,102.07 from CNY 3,803,318,663.73, an increase of approximately 25.7%[28]. Cash Flow - Net cash flow from operating activities improved by 34.54%, reaching CNY -609,347,764.04 compared to CNY -930,894,079.31 in the same period last year[6]. - Cash received from operating activities increased by 33.14% to CNY 70.16 million, while cash paid for operating activities decreased by 68.02% to CNY 76.20 million[19]. - Operating cash inflow for the period was CNY 827,835,813.07, an increase of 10.9% from CNY 746,133,162.53 in the previous period[39]. - Total cash outflow from operating activities was CNY 1,437,183,577.11, a decrease from CNY 1,677,027,241.84 in the previous period[39]. - The company reported a net cash decrease of CNY -1,239,142,820.10 for the period, compared to an increase of CNY 55,289,947.96 in the previous period[40]. Investments and Financing - Cash paid for the acquisition of fixed assets and intangible assets rose by 84.67% to CNY 6.84 million, reflecting increased investment in textile production equipment[19]. - Cash received from borrowings decreased by 60.19% to CNY 264.64 million, indicating reduced borrowing activity compared to the previous year[19]. - The company secured a PPP project in Changzhou with a total investment of approximately CNY 1.22 billion, enhancing its competitive position in infrastructure development[22]. - The company has an approved but unissued bond quota of CNY 8.5 billion, which will be utilized based on market conditions and funding needs[20]. Shareholder Information - The number of shareholders increased to 34,232[10]. - The first major shareholder, Changgao New Group Co., Ltd., holds 49.92% of shares, with 78,616,352 shares pledged[11]. Other Financial Metrics - Asset impairment losses increased significantly to CNY 193.09 million, a 582.72% increase compared to the previous period[16]. - Investment income rose to CNY 35.53 million, marking a 167.49% increase year-over-year due to profits from affiliated companies[16]. - Non-operating income decreased to CNY 2.00 million, a 75.97% decline compared to the same period last year[16]. - The company recorded a financial expense of CNY 20,643,130.49, a decrease from CNY 25,725,014.06 in Q1 2015[34]. - The cash flow statement for Q1 2016 is not provided, indicating a need for further analysis on cash management[38]. - The company has not disclosed any new product developments or market expansion strategies in this report[38].