JSZY(SH:600770)2016-04-27 16:00Financial Performance - Operating revenue increased by 131.97% to CNY 300,764,064.71 year-on-year[6] - Net profit attributable to shareholders decreased by 270.32% to a loss of CNY 23,686,860.60 compared to the same period last year[6] - Basic and diluted earnings per share increased by 27.27% to CNY 0.014[6] - The company reported a significant increase in short-term borrowings from CNY 337,952,745.24 to CNY 338,630,815.29, an increase of approximately 0.2%[21] - The net profit for Q1 2016 was ¥5,062,520.89, a decrease of 89.4% from ¥47,703,776.16 in the previous year[28] - The company reported a total comprehensive income of ¥13,039,801.73, compared to a loss of ¥107,350,537.19 in the same quarter last year[29] Cash Flow - The company reported a net cash flow from operating activities of CNY -57,209,412.90, indicating a decline compared to the previous year[6] - Cash flow from operating activities was ¥121,111,761.55, a decrease of 11.7% from ¥137,174,094.07 in the same period last year[35] - The net cash flow from operating activities was -57,209,412.90 RMB, compared to -41,377,627.55 RMB in the previous period, indicating a decline in operational performance[36] - Total cash inflow from investment activities was 158,030,796.31 RMB, while cash outflow was 91,664,830.51 RMB, resulting in a net cash flow of 66,365,965.80 RMB, a significant improvement from -276,475,118.96 RMB in the previous period[36] - The total cash and cash equivalents at the end of the period were 1,008,007,901.95 RMB, down from 1,076,714,261.50 RMB in the previous period[37] Assets and Liabilities - Total assets decreased by 3.76% to CNY 6,436,237,539.77 compared to the end of the previous year[6] - Total liabilities decreased by 37.15% to RMB 224,316,455.55, mainly due to reduced payables from subsidiaries[14] - Total current assets decreased from CNY 2,228,193,226.47 at the beginning of the year to CNY 2,022,841,246.51, a decline of approximately 9.25%[20] - Total non-current assets decreased from CNY 4,459,503,494.20 to CNY 4,413,396,293.26, a decline of about 1.03%[21] - Total liabilities decreased from CNY 2,060,272,280.46 to CNY 1,779,537,540.25, a reduction of approximately 13.6%[22] - Total equity increased from CNY 4,627,424,440.21 to CNY 4,656,699,999.52, reflecting a growth of about 0.63%[22] Shareholder Information - The total number of shareholders reached 70,514 at the end of the reporting period[10] - The largest shareholder, Nantong Zongyi Investment Co., Ltd., holds 24.72% of the shares[10] - The company has committed to increasing its shareholding by up to 2% of the total issued shares within the next 12 months, demonstrating confidence in its future performance[16] Operational Highlights - The company's gross profit margin is impacted by a significant increase in operating costs, which rose by 198.68% to RMB 247,947,939.66[14] - The company reported a 3664.42% increase in non-operating income, amounting to RMB 46,056,383.00, due to the recognition of previously unpaid equity transfer payments[14] - The company is actively coordinating with intermediaries to respond to inquiries regarding its major asset restructuring process initiated on January 7, 2016[15] - The company plans to acquire 100% equity of Zhongxing Technology Co., Ltd., which specializes in smart traffic management and security video monitoring systems, to expand its business into the security sector[14] Inventory and Receivables - Inventory decreased by 49.25% to RMB 152,394,676.56, primarily due to the sale recognition of the Zongyi America 9MW power station project[13] - Accounts receivable increased from CNY 254,692,019.49 to CNY 323,133,666.99, representing a growth of about 26.9%[20] - Other receivables decreased from CNY 67,907,683.79 to CNY 64,554,973.16, a reduction of about 4.9%[20]