FACS(SH:600651)2016-04-29 16:00Financial Performance - Operating revenue surged by 129.88% to CNY 1,588,325,612.64 from CNY 690,931,631.10 year-on-year[7] - Net profit attributable to shareholders decreased by 50.81% to CNY 20,596,194.36 compared to CNY 41,867,428.39 in the same period last year[7] - Basic earnings per share fell by 50.00% to CNY 0.021 from CNY 0.042 year-on-year[7] - The company reported a significant increase in goodwill, rising to ¥1,142,913,794.79 from ¥1,094,563,582.56, an increase of approximately 4.4%[22] - The gross profit margin for Q1 2016 was approximately 2.0%, down from 24.4% in Q1 2015, indicating a significant decline in profitability[29] - The total comprehensive income for Q1 2016 was CNY -25,478,756.11, a stark contrast to CNY 64,519,499.65 in the previous year[30] Assets and Liabilities - Total assets increased by 40.33% to CNY 11,746,518,342.62 compared to the end of the previous year[7] - Total current assets increased to ¥6,066,400,386.64 from ¥4,257,568,373.38, representing a growth of approximately 42.5%[21] - Total non-current assets reached ¥5,680,117,955.98, up from ¥4,112,848,335.18, marking an increase of around 38.1%[22] - Total liabilities reached ¥8,113,498,854.02, up from ¥5,005,781,346.16, reflecting a growth of around 62.0%[23] - Current liabilities increased to ¥7,064,229,654.70 from ¥4,652,293,130.23, representing a rise of about 52.0%[22] - The company's total liabilities increased to CNY 2,733,315,732.12 in Q1 2016, compared to CNY 2,067,102,229.80 in the previous year, representing a 32.2% rise[27] Cash Flow - Cash received from sales of goods and services increased by 79% to ¥1,093,838,539.95, compared to ¥610,328,842.48 in the previous period[15] - Cash inflow from operating activities totaled CNY 1,161,394,881.53, a significant increase from CNY 679,100,447.36 in the previous period, representing a growth of approximately 71%[37] - The net cash flow from operating activities was negative at CNY -547,100,314.69, worsening from CNY -268,409,219.34 in the prior period[37] - Cash outflow from investing activities amounted to CNY 912,722,631.55, compared to CNY 24,986,350.69 in the previous period, indicating a substantial increase in investment spending[37] - The net cash flow from financing activities was CNY 1,519,504,926.72, up from CNY 426,181,438.16, reflecting a strong increase in financing activities[38] Shareholder Information - The total number of shareholders reached 83,443 at the end of the reporting period[10] - The top shareholder, Shanghai Yidian Electronics Group Co., Ltd., holds 21.85% of the shares[10] Changes in Assets - Accounts receivable increased by 48% to CNY 2,250,015,072.88 due to changes in the consolidation scope[13] - Inventory rose by 57% to CNY 2,510,734,879.90, attributed to changes in the consolidation scope[13] - Fixed assets increased by 81% to CNY 1,486,331,932.43, also due to changes in the consolidation scope[13] - Intangible assets surged by 484% to CNY 819,013,750.54, reflecting changes in the consolidation scope[13] - Deferred tax assets surged by 417% to ¥176,821,830.46, up from ¥34,187,967.76, due to changes in the scope of consolidation[14] Expenses - Operating costs increased to ¥1,191,097,054.20, reflecting a 128% rise from ¥522,498,500.22 in the prior year[14] - The company incurred sales expenses of CNY 160,396,661.37 in Q1 2016, which is a 269% increase from CNY 43,396,655.97 in Q1 2015[29] - The company’s financial expenses increased by 171% to ¥43,381,856.08, up from ¥16,021,542.59, due to increased borrowings[15]