EASTCOM(SH:600776)2016-04-29 16:00Financial Performance - Operating revenue for the period was CNY 608,122,322.71, reflecting an 11.95% increase year-on-year[7] - Net profit attributable to shareholders was CNY 5,130,878.59, a significant decrease of 69.47% compared to the previous year[7] - Basic earnings per share decreased by 40.53% to CNY 0.0134 from CNY 0.0226 in the previous year[7] - The company's total assets decreased to CNY 3,387,050,748.26 from CNY 3,540,600,870.00, a decline of 4.3%[22] - Net profit for Q1 2016 was CNY 16,277,388.94, a decrease of 41.3% from CNY 27,736,619.48 in the previous year[24] - The total cash and cash equivalents at the end of the period decreased to CNY 350,002,834.89 from CNY 792,604,005.45, reflecting a decline of approximately 56%[29] - The company reported a total profit of CNY 2,852,482.85, down from CNY 6,024,036.58 in the previous year, indicating a decrease of about 53%[26] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 243,629,601.16, worsening by 50.03% compared to the same period last year[7] - The net cash flow from operating activities was negative at CNY -243,629,601.16, worsening from CNY -162,390,996.38 in the previous year[28] - Investment activities generated a net cash inflow of CNY 39,540,811.09, compared to a net outflow of CNY -79,173,631.81 in the same period last year[28] - The cash inflow from operating activities totaled CNY 607,273,529.25, an increase of 30% compared to CNY 467,567,353.24 in the previous year[28] Shareholder Information - The number of shareholders at the end of the reporting period was 80,599[12] - The largest shareholder, Putian Oriental Communication Group Co., Ltd., held 570,712,740 shares, accounting for 45.44% of total shares[12] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,730,256,803.85, a 0.35% increase compared to the end of the previous year[7] - Non-current assets totaled ¥789,429,370.32, up from ¥769,706,638.57 at the beginning of the period[18] - Total liabilities decreased to ¥715,708,207.92 from ¥719,035,790.21, reflecting a reduction in current liabilities[18] - Current assets increased to CNY 2,541,662,361.27 from CNY 2,502,697,072.28, representing a growth of 1.6%[21] Operating Costs and Expenses - Total operating costs for Q1 2016 were CNY 609,295,779.98, up from CNY 540,591,711.21, reflecting a year-over-year increase of 12.7%[23] - The company incurred management expenses of CNY 39,977,355.13, slightly lower than CNY 41,565,976.49 in the same period last year[26] - Financial expenses increased by 124.63% to ¥1,218,515.32 due to a decrease in interest income from time deposits[15] - The financial expenses for the quarter were CNY 1,630,882.58, a significant improvement from a gain of CNY -3,359,525.11 in the previous year[26] Investment Income - Investment income rose by 61.53% to ¥18,244,182.09 driven by increased returns from entrusted loans and joint ventures[15] - The company reported an investment income of CNY 18,244,182.09, an increase from CNY 11,294,602.79 year-over-year[23] - The company received CNY 220,000,000.00 from investment recoveries during the quarter, indicating active investment management[28] Other Financial Metrics - Non-recurring gains and losses totaled CNY 11,720,647.45 for the period[10] - The weighted average return on equity decreased by 0.41 percentage points to 0.57%[7] - The company reported a net loss from non-operating activities of CNY 126,831.98[10] - Prepayments increased by 113.64% to ¥61,244,682.93 due to increased procurement of raw materials in the financial electronics industry[14] - Notes payable decreased by 44.39% to ¥13,984,968.00 as a result of the maturity of procurement payments[14] - Employee compensation payable decreased by 49.82% to ¥51,298,338.05 primarily due to the payment of last year's employee salaries[14] - Taxes payable decreased by 65.35% to ¥13,959,437.18 mainly due to the payment of last year's tax liabilities[14] - Other payables increased by 80.27% to ¥126,045,273.29 due to collection of payments in factoring business[14]