CRCH(SH:600636)2016-04-25 16:00Financial Performance - Operating income increased by 0.59% to CNY 1,106,101,583.66 year-on-year[6] - Net profit attributable to shareholders reached CNY 3,731,964.67, a significant recovery from a loss of CNY 39,512,207.06 in the same period last year[6] - Basic and diluted earnings per share improved to CNY 0.0191 from a loss of CNY 0.0808 in the previous year[6] - Operating profit for the quarter was CNY 21,767,152.18, a significant improvement from a loss of CNY 33,969,149.36 in the same period last year[26] - Net profit for Q1 2016 was CNY 17,895,692.33, compared to a net loss of CNY 26,786,991.82 in Q1 2015, marking a turnaround[26] - The company reported a net profit attributable to shareholders of ¥8,548,741.12, a turnaround from a loss of ¥30,848,493.83 in the previous period[12] - The company reported a non-recurring profit of CNY 4,816,776.45 for the period[9] Cash Flow - Cash flow from operating activities surged by 484.10% to CNY 205,213,405.99 compared to the same period last year[6] - Operating cash flow increased by 484.10% to ¥205,213,405.99 from ¥35,133,155.26[12] - The net cash flow from operating activities is ¥205,213,405.99, a significant increase from ¥35,133,155.26 in the previous period[33] - Cash inflow from sales of goods and services is ¥1,386,771,814.48, down from ¥1,629,813,450.55 in the previous period[32] - The total cash outflow from operating activities is ¥1,231,391,032.45, compared to ¥1,633,030,494.14 in the previous period, reflecting a decrease in cash outflows[33] - The company reported a cash flow from financing activities net outflow of -¥132,178,928.12, contrasting with a net inflow of ¥93,457,660.01 in the previous period[34] - The company reported a net cash flow from financing activities of -$837,395.83, suggesting a net outflow[37] Assets and Liabilities - Total assets decreased by 4.06% to CNY 4,384,421,238.34 compared to the end of the previous year[6] - Cash and cash equivalents increased by 71.02% to ¥569,729,476.12 from ¥333,126,806.05[12] - Accounts receivable rose by 40.56% to ¥600,566,801.35 compared to ¥427,255,068.10[12] - Short-term borrowings decreased significantly by 73.44% to ¥221,487,662.84 from ¥833,824,737.72[12] - Total liabilities decreased to CNY 275,467,728.37 from CNY 285,507,608.39, a reduction of approximately 3.8%[23] - Total assets decreased to CNY 2,110,944,726.28 from CNY 2,143,041,420.23, a decline of about 1.5%[23] Shareholder Information - The total number of shareholders reached 46,815 by the end of the reporting period[10] - The largest shareholder, Shanghai Huayi (Group) Company, holds 31.60% of the shares[10] Government Support and Market Conditions - The company received government subsidies amounting to CNY 6,054,620.00 related to its normal business operations[8] - The company anticipates potential losses for the cumulative net profit until the next reporting period due to ongoing low prices in the polymer market[14] - The company is actively implementing cost reduction and efficiency enhancement measures to improve profitability[14] - The company plans to adjust its product structure to enhance profitability amid market challenges[14] Inventory and Costs - Total operating costs decreased to CNY 1,084,868,064.52 from CNY 1,134,221,603.33, a reduction of about 4.35%[26] - The company has incurred a total operating cost of ¥83,647,135.17, which is slightly higher than ¥83,274,665.01 in the previous period[29] - Inventory levels decreased to CNY 51,249,621.50 from CNY 64,638,852.06, a reduction of approximately 20.8%[22] Cash Position - The cash and cash equivalents at the end of the period amount to ¥569,729,476.12, compared to ¥333,126,806.05 at the end of the previous period[34] - The company’s cash position decreased by approximately 34.8% compared to the previous period[37] - The ending balance of cash and cash equivalents was $198,890,622.54, down from the beginning balance of $305,416,543.16[37]