SCAC(SH:600618)2016-04-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 9,426,009.05, representing a significant increase of 132.28% year-on-year[8]. - Operating revenue for the period was CNY 1,121,594,645.40, a decrease of 27.21% compared to the same period last year[8]. - Basic earnings per share increased by 134.29% to CNY 0.0082 from CNY 0.0035 in the previous year[8]. - Operating profit increased by 72.64% to ¥9,526,900.12 compared to ¥5,518,298.14 in the previous year[13]. - Net profit rose by 98.97% to ¥9,226,197.95 from ¥4,636,971.12 year-on-year[13]. - Total operating revenue for Q1 2016 was CNY 1,121,594,645.40, a decrease of 27.3% compared to CNY 1,540,819,806.42 in the same period last year[25]. - Net profit for Q1 2016 was CNY 9,226,197.95, an increase of 99.5% compared to CNY 4,636,971.12 in Q1 2015[26]. - Total comprehensive income for Q1 2016 was CNY 20,212,724.66, compared to CNY 9,924,495.51 in the same period last year[28]. Cash Flow - The net cash flow from operating activities was CNY 108,726,920.00, a turnaround from a negative cash flow of CNY -52,610,580.45 in the previous year[8]. - Cash flow from operating activities improved significantly to ¥108,726,920.00 from a negative ¥52,610,580.45, mainly due to a substantial reduction in product inventory[14]. - Cash inflow from financing activities totaled $1.28 billion, an increase from $916.26 million year-over-year[33]. - Cash outflow for debt repayment was $1.22 billion, compared to $847.37 million previously[33]. - The ending cash and cash equivalents balance was $349.91 million, an increase from $295.80 million at the end of the previous period[33]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,918,125,307.33, an increase of 1.45% compared to the end of the previous year[8]. - The total liabilities as of March 31, 2016, were CNY 2,640,209,074.65, an increase from CNY 2,582,577,130.26 at the start of the year[23]. - The company’s net assets attributable to shareholders increased to CNY 2,279,154,346.08, reflecting a growth of 0.78% from the previous year[8]. - Cash and cash equivalents rose by 56.30% to ¥375,779,241.98 from ¥240,425,945.13, reflecting improved cash collection[18]. Shareholder Information - The total number of shareholders at the end of the reporting period was 81,686[11]. - The largest shareholder, Shanghai Huayi (Group) Company, held 50.29% of the shares[12]. Expenses - Management expenses decreased by 45.14% to ¥66,024,627.85 compared to ¥120,344,105.35 in the same period last year, mainly due to reduced employee settlement costs and a decrease in the scope of consolidation[13]. - Financial expenses decreased by 38.16% to ¥19,960,251.67 from ¥32,279,520.72, attributed to a reduction in loan scale[13]. - Investment income fell by 57.77% to ¥8,058,117.48 from ¥19,081,163.03, primarily due to decreased profits from affiliated enterprises[13]. Inventory and Operating Costs - The company’s inventory decreased to CNY 361,296,516.90 from CNY 371,277,788.79, a decline of 2.6%[21]. - The company incurred operating costs of CNY 896,537,933.86, a decrease of 29.4% from CNY 1,271,557,958.81 in the previous year[28].