FJDB(SH:600693)2016-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 44.78% to CNY 22,678,279.18 year-on-year[6] - Operating revenue declined by 11.32% to CNY 422,456,067.53 compared to the same period last year[6] - Basic earnings per share dropped by 57.81% to CNY 0.0505[6] - The weighted average return on net assets decreased by 2.09 percentage points to 1.24%[6] - Total operating revenue for Q1 2016 was ¥422,456,067.53, a decrease of 11.3% compared to ¥476,366,781.75 in the same period last year[29] - Net profit for Q1 2016 was ¥20,470,490.24, a decline of 49.6% from ¥40,646,084.16 in Q1 2015[29] - The net profit attributable to shareholders of the parent company was ¥22,678,279.18, down 44.8% from ¥41,069,520.48 in the previous year[29] - The net profit for Q1 2016 was CNY 12,556,325.01, down 24.5% from CNY 16,598,638.32 in the previous year[32] - The operating profit for Q1 2016 was CNY 17,573,353.22, a decline of 16.4% compared to CNY 20,916,873.31 in Q1 2015[32] Assets and Liabilities - Total assets increased by 4.52% to CNY 5,525,800,008.22 compared to the end of the previous year[6] - Total assets increased to CNY 5.53 billion from CNY 5.29 billion, reflecting a growth of 4.48%[21] - Current liabilities decreased to CNY 2.74 billion from CNY 2.78 billion, a reduction of 1.34%[21] - Total liabilities amounted to ¥1,616,659,731.11, compared to ¥1,641,230,290.78 at the start of the year, reflecting a decrease of 1.4%[26] - The company's cash and cash equivalents decreased to ¥157,019,997.07 from ¥485,338,579.94 at the beginning of the year, a decline of 67.7%[25] - The company's inventory decreased to ¥6,204,495.49 from ¥6,880,645.93, a reduction of 9.8%[25] - The company reported a significant increase in long-term equity investments, rising to ¥730,670,541.35 from ¥635,570,541.35, an increase of 15%[25] - The company’s total equity increased to ¥1,828,594,040.15 from ¥1,816,037,715.14, reflecting a growth of 0.4%[26] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 2,759,119.22, a turnaround from a negative CNY 166,003,359.35 in the previous year[6] - Operating cash flow generated was CNY 2.76 million, a significant improvement from a negative CNY 166.00 million in the previous period, marking a 101.66% increase[15] - The company reported a cash and cash equivalents balance of CNY 534,372,439.56 at the end of Q1 2016, down from CNY 1,220,201,641.50 at the end of the previous year[34] - The company experienced a cash outflow from financing activities of CNY 63,024,715.15 in Q1 2016, compared to an inflow of CNY 639,326,095.04 in the same period last year[34] - The company’s investment activities resulted in a net cash outflow of CNY 197,805,712.75 in Q1 2016, compared to a net inflow of CNY 24,384,149.59 in the same period last year[33] - Total cash inflow from operating activities decreased to ¥492,994,310.34 from ¥565,390,685.20, reflecting a decline of approximately 12.8% year-over-year[36] - Cash outflow from operating activities also decreased to ¥390,057,765.81 from ¥603,475,174.42, a reduction of about 35.4% year-over-year[36] - Investment activities generated a net cash outflow of ¥358,577,884.06, compared to a net inflow of ¥5,068,235.63 in the previous year[36] Shareholder Information - The number of shareholders reached 15,054 at the end of the reporting period[9] - The largest shareholder, Fujian Fengqi Investment Co., Ltd., holds 45.62% of the shares, with 204,873,359 shares[9] Business Developments - The company has increased its investment in projects such as the Lanzhou International Trade Center and Fuan Dongbai Plaza[12] - The company has initiated a new gold leasing business during the reporting period[12] - The company plans to issue 120 million shares to specific investors, pending approval from the China Securities Regulatory Commission[16] - The company established a joint investment firm, Fujian Dongbai Ruixin Asset Management Co., Ltd., and completed the acquisition of 88% of Tibet Hongkun Capital Management Co., Ltd.[16] Expenses - Employee compensation payable decreased to CNY 51.06 million from CNY 163.91 million, a reduction of 68.85% during the reporting period[13] - Management expenses rose to CNY 18.37 million, up 35.58% compared to CNY 13.55 million in the same period last year, primarily due to increased employee compensation[14] - Investment income dropped to CNY 0.86 million from CNY 7.57 million, a decline of 88.70% as there were no stock sales during the reporting period[14]