ATLANTIC(SH:600558)2016-04-27 16:00Financial Performance - Operating revenue decreased by 9.76% to CNY 371,784,092.04 year-on-year[8] - Net profit attributable to shareholders decreased by 19.24% to CNY 11,888,015.67 compared to the same period last year[8] - Basic earnings per share decreased by 45.95% to CNY 0.02 compared to the same period last year[8] - Total operating revenue for Q1 2016 was CNY 371,784,092.04, a decrease of 9.8% compared to CNY 411,996,663.94 in the same period last year[34] - Net profit for Q1 2016 was CNY 14,649,329.14, down 6.1% from CNY 15,593,445.26 in Q1 2015[34] - Basic earnings per share for Q1 2016 were CNY 0.02, down from CNY 0.037 in the same period last year[35] Asset and Liability Changes - Total assets increased by 3.43% to CNY 2,738,356,680.38 compared to the end of the previous year[8] - As of March 31, 2016, the company's total assets amounted to CNY 2,738,356,680.38, an increase from CNY 2,647,658,066.10 at the beginning of the year[29] - The total current liabilities increased to CNY 630,985,187.14 from CNY 554,992,012.20, reflecting a rise of approximately 13.7%[30] - The company's total equity reached CNY 2,036,541,493.24, up from CNY 2,021,836,053.90, showing a slight increase of about 0.7%[30] - The total liabilities increased to CNY 326,463,091.59 from CNY 306,671,360.13, marking a rise of 6.1%[32] Cash Flow Analysis - Net cash flow from operating activities improved significantly, reaching CNY 8,148,519.47, a turnaround from a negative CNY 12,625,840.07 in the previous year[8] - Cash flow from investing activities improved significantly, reaching CNY 99,060,000, compared to a negative CNY 86,470,000 in the previous year[17] - Cash flow from financing activities increased to CNY 46,920,000, a significant improvement from a negative CNY 19,290,000 in the previous year[18] - Cash inflow from investment activities was ¥158,925,440.37, a substantial increase from ¥58,196,904.89 in the prior period[42] - The net cash flow from investment activities was ¥114,698,737.02, compared to a negative cash flow of ¥68,463,640.68 in the previous period, indicating a strong recovery[42] - The net cash flow from financing activities was ¥46,923,807.13, compared to a negative ¥19,292,013.81 in the previous period, indicating a significant improvement[38] Accounts Receivable and Inventory - Accounts receivable increased by 74.86% compared to the beginning of the year, attributed to the company's credit sales policy[14] - Accounts receivable rose to CNY 236,959,244.77 from CNY 135,514,993.76, indicating an increase of about 74.6%[29] - The company's inventory increased to CNY 112,132,907.50, up from CNY 101,611,818.75, indicating a growth of 10.9%[32] Regulatory and Corporate Actions - The company submitted an application to the China Securities Regulatory Commission (CSRC) to resume the review of its non-public stock issuance on February 24, 2016[23] - The CSRC accepted the company's application for non-public stock issuance on January 13, 2016[20] - The company faced a temporary halt in the review process due to issues with its legal counsel, which were resolved by changing to a new law firm[21][22] - The company is currently preparing to submit written responses to the CSRC's feedback on its non-public stock issuance application[24][25] - The company has committed to not transferring newly issued shares for 36 months following the completion of its 2014 non-public stock issuance[26] Investment Income - Investment income decreased by 59.90% to CNY 210,000, primarily due to reduced investment returns[16]