SOPO(SH:600746)2016-04-29 16:00Financial Performance - Operating income rose by 13.43% to CNY 139,770,946.96 from CNY 123,216,953.92 in the same period last year[7] - Net profit attributable to shareholders of the listed company was CNY 1,269,102.47, a significant recovery from a loss of CNY 8,205,120.39 in the same period last year[7] - Basic earnings per share improved to CNY 0.0041 from a loss of CNY 0.0271 in the previous year[7] - Operating profit, total profit, income tax expense, and net profit increased year-on-year, primarily due to the increase in gross margin of the main product, ADC foaming agent, resulting in a turnaround from loss to profit[13] - The net profit for Q1 2016 was CNY 1,246,411.42, a significant recovery from a net loss of CNY 8,297,532.80 in Q1 2015[24] - The total comprehensive income for Q1 2016 was CNY 1,225,936.42, compared to a loss of CNY 8,274,432.80 in the previous year[25] Cash Flow and Assets - Net cash flow from operating activities surged by 210.42% to CNY 33,022,010.44 compared to CNY 10,637,678.82 in the previous year[7] - Cash and cash equivalents increased by 156.8% compared to the beginning of the period, mainly due to an increase in bank deposits and margin deposits[12] - The company's cash flow from operating activities generated a net amount of CNY 33,022,010.44, up from CNY 10,637,678.82 in the same quarter last year[27] - The cash and cash equivalents at the end of Q1 2016 amounted to CNY 66,819,856.60, compared to CNY 25,015,011.50 at the end of Q1 2015[28] Assets and Liabilities - Total assets increased by 8.42% to CNY 559,175,687.41 compared to the end of the previous year[7] - The total assets as of March 31, 2016, amounted to RMB 559,175,687.41, an increase from RMB 515,729,399.39 at the beginning of the year[21] - Current liabilities totaled RMB 129,131,252.61, an increase from RMB 87,840,606.00 at the beginning of the year[21] - Accounts receivable decreased by 30.08% compared to the beginning of the period, primarily due to more payments and matured acceptances than received acceptances[12] - Prepayments increased by 135.41% compared to the beginning of the period, mainly due to an increase in prepayments for urea purchases[12] - Other payables increased by 258.46% compared to the beginning of the period, primarily due to the accrual of certain major repair expenses[12] - Tax payable increased by 62.13% compared to the beginning of the period, mainly due to an increase in property tax and value-added tax[12] Shareholder Information - The number of shareholders reached 16,444, with the largest shareholder holding 54.81% of the shares[9] - The largest shareholder, Jiangsu Sop Group Co., Ltd., holds 167,954,942 shares, with 65,071,299 shares pledged[9] Profitability Metrics - The company reported a net profit margin recovery, indicating a positive trend in profitability[7] - The weighted average return on equity increased to 0.298% from -1.915% in the previous year[7] Future Outlook - The company expects to achieve a turnaround from loss to profit for the cumulative net profit from the beginning of 2016 to the next reporting period compared to the same period last year[15] Operating Costs - The operating costs for Q1 2016 were CNY 129,827,373.06, which is a slight increase from CNY 126,769,992.49 in the same period last year[24] - The company incurred a tax expense of CNY 459,474.54 in Q1 2016, compared to a tax benefit of CNY 2,768,868.81 in the previous year[24] Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[7]