TJ(SH:600667)2016-04-26 16:00Financial Performance - Operating revenue declined by 8.92% to CNY 1,022,752,970.39 year-on-year[7] - Net profit attributable to shareholders was CNY -6,294,848.00, an improvement from CNY -10,082,703.92 in the same period last year[7] - Basic and diluted earnings per share were both CNY 0.02, compared to CNY -0.01 in the previous year[7] - Total profit increased by 75.12% to ¥52,109,797.97, primarily due to the increase in operating income[13] - Net profit for Q1 2016 was CNY 44,538,397.01, compared to CNY 18,774,392.75 in the previous year, indicating a significant increase[29] - The total comprehensive income for Q1 2016 was CNY 36,752,460.78, up from CNY 23,972,558.86 in the same period last year[30] Assets and Liabilities - Total assets decreased by 3.53% to CNY 5,427,384,750.74 compared to the end of the previous year[7] - Current liabilities decreased by 96.05% due to the completion of the delivery of idle factory land and related equipment by the subsidiary Tai Chi Microelectronics[13] - Total liabilities decreased to CNY 3,085,751,987.69 from CNY 3,321,378,282.26, indicating a reduction of approximately 7.1%[23] - The company's equity attributable to shareholders rose to CNY 1,647,876,018.55 from CNY 1,625,538,334.93, showing an increase of about 1.4%[23] - Total assets decreased to CNY 2,514,669,847.64 from CNY 2,575,203,997.96, a decline of 2.4%[27] - Total liabilities decreased to CNY 844,467,763.53 from CNY 892,970,212.79, a reduction of 5.4%[27] Cash Flow - Cash flow from operating activities showed a loss of CNY -414,931,862.59, compared to a loss of CNY -322,405,223.64 in the previous year[7] - Cash inflow from investment activities increased significantly to ¥122,585,671.79, reflecting cash recovered from the disposal of fixed assets and intangible assets[13] - Cash outflow from financing activities decreased by 72.51% to -¥77,838,188.87, due to a reduction in financing deposits maturing[13] - The net cash flow from operating activities is a loss of CNY 414,931,862.59, worsening from a loss of CNY 322,405,223.64 in the previous period[36] - The net cash flow from investing activities is CNY 122,585,671.79, a significant improvement from a loss of CNY 90,374,601.99 in the previous period[36] - The ending cash and cash equivalents balance is CNY 1,032,059,239.41, compared to CNY 395,359,691.22 in the previous period, indicating a significant increase[37] Shareholder Information - The number of shareholders reached 70,416, with the largest shareholder holding 32.79% of the shares[10] - The company plans to maintain a cash dividend policy, distributing at least 30% of the net profit attributable to shareholders annually[19] Corporate Governance and Compliance - The company has established a sound corporate governance structure and independent operational management system to ensure compliance with regulatory requirements[15] - The company guarantees the accuracy and completeness of the information provided for the asset restructuring, assuming legal responsibility for any misrepresentation[15] - The company has no history of administrative penalties or significant legal disputes in the past five years, ensuring a clean compliance record[16] - The company will adhere to strict disclosure obligations regarding related party transactions to protect the interests of both Tai Chi Industrial and the target company[17] Future Projections - The net profit attributable to the parent company for 2015 is projected to be RMB 200 million, increasing to RMB 253.27 million in 2016, RMB 285.51 million in 2017, and RMB 303.15 million in 2018, reflecting a growth trend[16] - The projected net profit for the target company for 2015, 2016, 2017, and 2018 is set at RMB 20 million, RMB 25.33 million, RMB 28.55 million, and RMB 30.31 million respectively, indicating a solid growth forecast[16]