SD(SH:600626)2016-04-15 16:00Financial Performance - Net profit attributable to shareholders rose by 122.88% to CNY 55,713,403.46 year-on-year[6] - Operating revenue increased by 24.90% to CNY 2,155,245,627.72 compared to the same period last year[6] - Basic earnings per share increased by 122.73% to CNY 0.0784[6] - Net profit for Q1 2016 reached CNY 62,889,695.75, compared to CNY 29,629,348.66 in Q1 2015, representing a growth of 112.4%[28] - The net profit attributable to shareholders of the parent company was CNY 55,713,403.46, up from CNY 24,997,496.28, marking a year-over-year increase of 123.3%[28] - The company reported an investment income of CNY 51,899,240.14, significantly higher than CNY 7,470,320.71 in the previous year, indicating a growth of 594.5%[27] - The net profit for the current period is CNY 19,944.18 million, significantly up from CNY 309.94 million in the previous period, marking an increase of 6,346.5%[30] - The total profit for the current period is CNY 25,519.80 million, compared to CNY 309.94 million in the previous period, reflecting a substantial increase[30] Assets and Liabilities - Total assets increased by 3.16% to CNY 4,967,602,393.66 compared to the end of the previous year[6] - The company's total assets increased from CNY 4,815,367,128.34 to CNY 4,967,602,393.66, reflecting a growth of approximately 3.16%[20] - The company's current assets decreased from CNY 3,006,602,230.04 at the beginning of the year to CNY 2,783,031,952.20, a decline of approximately 7.43%[21] - Total liabilities rose from CNY 2,095,086,670.62 to CNY 2,214,513,980.78, an increase of about 5.68%[22] - The company’s total liabilities increased by 57.58% to ¥498,537,160.00, resulting from financing activities of subsidiaries[10] Cash Flow - Net cash flow from operating activities was negative at CNY -67,252,896.67, compared to CNY -8,988,963.23 in the previous year[6] - Cash received from operating activities increased by 278.71% to ¥137,175,993.66, reflecting higher inter-company revenue[11] - The cash flow from operating activities for the current period is CNY -67,252.90 million, compared to CNY -8,988.96 million in the previous period, showing a decline in cash flow[32] - The cash flow from investing activities is CNY -435,385.60 million, worsening from CNY -145,782.79 million in the previous period[33] - The cash flow from financing activities shows a net increase of CNY 218,727.81 million, compared to CNY 7,782.10 million in the previous period, indicating improved financing[33] Shareholder Information - The total number of shareholders reached 67,257[9] - The largest shareholder, Shanghai Shenda (Group) Co., Ltd., holds 31.07% of the shares[9] - The company holds a total of 220,692,510 shares of Shenda Co., accounting for 31.07% of the total shares, with no reduction in holdings during the past six months[14] - The company is committed to not reducing its holdings in Shenda Co. for six months following the completion of the private placement[14] Government and Other Income - The company received government subsidies amounting to CNY 258,923.37 related to its normal business operations[6] - Non-operating income from financial assets amounted to CNY 31,830,804.95, primarily from bank wealth management products[6] Expenses - Operating expenses rose by 131.63% to ¥96,144,751.10, attributed to the consolidation of acquired companies[10] - The company’s sales expenses rose by 32.98% to ¥84,031,287.29, due to the integration of newly acquired companies[10] - The company reported a 202.88% increase in income tax expenses to ¥25,913,215.83, driven by the consolidation of acquired entities[11] - The company has increased its management expenses to CNY 6,525.82 million from CNY 3,065.52 million in the previous period, reflecting a rise of 112.5%[30] Investment Activities - The company's long-term equity investments increased by 191.64% to ¥536,500,065.84 due to the acquisition of a 35% stake in NYX[10] - Investment income surged by 594.74% to ¥51,899,240.14, primarily from the disposal of circulating shares, generating ¥31,220,000 in gains[11] - The company reported an investment income of CNY 37,864.91 million, up from CNY 2,990.03 million in the previous period, indicating a growth of 1,166.5%[30] Commitments and Future Plans - The company committed to reducing related party transactions and ensuring fair pricing in future dealings with affiliated entities[12] - The company plans to integrate its textile business and may consider listing its core business within five years if not already executed[16] - The company guarantees that it will not engage in activities that harm the interests of Shenda Co. and its minority shareholders[15] - The company will not expand into products or services that compete with Shenda Co.'s new offerings[15] - The company has committed to compensating Shenda Co. and its shareholders for any losses incurred due to violations of its commitments[18]