Tstc(SH:600552)2016-04-28 16:00Financial Performance - Operating revenue increased by 144.24% to CNY 488,073,861.05 year-on-year[7] - Net profit attributable to shareholders decreased by 57.04% to CNY 10,348,357.90 compared to the same period last year[7] - The company reported a significant decrease in net profit from recurring operations, down 73.25% to CNY 6,297,959.53[7] - Net profit decreased by 47.09% to ¥1,290.34 million, reflecting a reduction in total profit[12] - Total operating revenue for Q1 2016 was CNY 488,073,861.05, a significant increase of 144.4% compared to CNY 199,837,502.95 in the same period last year[28] - Net profit for Q1 2016 was CNY 12,903,381.02, a decrease of 47.2% from CNY 24,388,543.20 in Q1 2015[30] - The net profit attributable to shareholders of the parent company was CNY 10,348,357.90, down 57.0% from CNY 24,085,597.13 year-over-year[30] - The company reported a gross profit margin of approximately 2.8% for Q1 2016, compared to 12.3% in Q1 2015[28] Cash Flow - Net cash flow from operating activities increased significantly by 461.34% to CNY 67,530,751.96[7] - Cash inflow from operating activities totaled ¥594,141,327.25, compared to ¥173,029,415.01 in the previous period, indicating a year-over-year increase of about 243%[34] - The total cash outflow from operating activities was ¥526,610,575.29, up from ¥160,999,218.39, resulting in a net cash flow from operating activities of ¥67,530,751.96[35] - Cash inflow from investment activities was ¥45,745,697.54, while cash outflow was ¥131,777,567.40, leading to a net cash flow from investment activities of -¥86,031,869.86[35] - The net cash flow from financing activities was -¥337,335,830.16, a decrease from a positive net cash flow of ¥163,864,240.20 in the previous period[35] Assets and Liabilities - Total assets decreased by 7.59% to CNY 4,251,937,520.89 compared to the end of the previous year[7] - The total number of shareholders reached 23,911 at the end of the reporting period[10] - The total liabilities increased by 56.74% to ¥14,289.40 million, primarily due to the rise in long-term borrowings[12] - The total current assets decreased from CNY 2,852,674,920.90 at the beginning of the year to CNY 2,496,338,803.66 by the end of the reporting period, a decline of approximately 12.5%[19] - Total liabilities decreased from CNY 2,235,370,764.51 to CNY 1,862,737,202.56, a decline of approximately 16.7%[21] - The company's total assets decreased from CNY 4,601,267,701.81 to CNY 4,251,937,520.89, a reduction of about 7.6%[21] Shareholder Information - The largest shareholder, Anhui Huaguang Optoelectronic Materials Technology Group Co., Ltd., holds 21.74% of the shares[10] - The equity attributable to the parent company increased slightly from CNY 2,261,897,969.72 to CNY 2,272,246,327.61, an increase of approximately 0.5%[21] - The company has committed to not transferring shares for 36 months following the non-public issuance, indicating a strategic focus on stability and long-term growth[16] Expenses - Operating costs rose by 174.45% to ¥41,885.52 million, also attributed to Shenzhen Guoxian Company's business expansion[12] - Selling expenses increased to CNY 15,942,617.32, up 151.5% from CNY 6,347,737.18 in the previous year[29] - Management expenses rose to CNY 31,712,445.50, an increase of 191.1% compared to CNY 10,886,090.98 in the same period last year[29] - Research and development expenses dropped by 99.38% to ¥6.55 million, due to project completions being transferred to intangible assets[12] Borrowings - Long-term borrowings increased significantly by 1,515.06% to ¥5,407.06 million, reflecting new bank loans[12] - The company reported a significant reduction in short-term borrowings from CNY 1,231,005,529.52 to CNY 960,787,928.10, a decrease of about 22%[20] - The company raised ¥332,530,878.80 from borrowings, an increase from ¥277,703,308.40 in the previous period, showing a growth of approximately 20%[35]