SCSF(SH:600779)2016-04-27 16:00Financial Performance - Operating revenue rose by 13.88% to CNY 300,206,112.81 from CNY 263,617,671.29 year-on-year[6] - Net profit attributable to shareholders increased by 80.85% to CNY 84,162,372.29 compared to CNY 46,537,475.75 in the same period last year[6] - Basic earnings per share grew by 61.92% to CNY 0.1603 from CNY 0.0990 year-on-year[6] - Net profit for Q1 2016 reached CNY 78,307,713.03, representing a significant increase of 62.7% from CNY 48,126,937.16 in Q1 2015[27] - The company reported a comprehensive income total of CNY 78,307,713.03 for Q1 2016, compared to CNY 48,126,937.16 in the previous year, reflecting an increase of 62.6%[28] Cash Flow - Cash flow from operating activities decreased by 32.83% to CNY 75,282,281.42 compared to CNY 112,072,623.55 in the previous year[6] - Cash flow from operating activities for Q1 2016 was CNY 75,282,281.42, down from CNY 112,072,623.55 in Q1 2015, a decrease of 32.9%[33] - The net cash flow from investing activities was -¥5,095,527.81, reflecting a 108.75% increase in outflows compared to -¥2,441,011.74 in Q1 2015[11] - The company reported a net cash outflow from investing activities of CNY -5,095,527.81 in Q1 2016, compared to CNY -2,441,011.74 in Q1 2015, indicating increased investment activity[34] Assets and Liabilities - Total assets increased by 4.04% to CNY 1,867,288,058.56 compared to the end of the previous year[6] - The company’s total liabilities decreased slightly to ¥494,202,808.00 from ¥505,765,198.54, a reduction of about 2.8%[19] - The company’s total assets as of March 31, 2016, amounted to CNY 1,622,050,029.93, a decrease from CNY 1,664,256,947.12 at the beginning of the year[24] - Total liabilities decreased to CNY 102,230,970.39 from CNY 143,275,620.24, indicating a reduction of 28.7%[24] Shareholder Information - The number of shareholders reached 31,463 by the end of the reporting period[8] - The largest shareholder, Sichuan Chengdu Shuijingfang Group Co., Ltd., holds 39.71% of the shares[8] - The company has committed to maintaining its shareholding ratio above 30% for the next ten years, ensuring stability in ownership[13] Inventory and Receivables - Accounts receivable increased by 31.55% to CNY 11,044,027.09, reflecting higher sales[10] - Inventory decreased to ¥688,512,186.64 from ¥717,298,910.40, indicating a reduction of approximately 4.01%[18] - The company reported a significant reduction in employee compensation payable, which fell to CNY 9,975,871.78 from CNY 31,690,954.95, a decrease of 68.5%[24] Financial Expenses and Impairments - Financial expenses increased by 300.13% to -¥1,306,749.92 due to higher interest income from increased deposits[11] - Asset impairment losses surged to ¥9,734,018.28, a significant increase of 12,258.55% from ¥78,763.46 in the same period last year[11] Other Financial Metrics - Total operating costs for Q1 2016 were CNY 196,366,193.15, up from CNY 191,488,335.68, reflecting a rise of 2.0%[27] - The total operating expenses for Q1 2016 were CNY 55,258,642.45, down from CNY 64,033,714.18 in Q1 2015, a decrease of 13.8%[29] - The company incurred a financial expense of CNY -399,941.31 in Q1 2016, compared to a financial income of CNY 8,853.78 in Q1 2015[29] Market and Product Development - The company did not provide any updates on new product development or market expansion strategies in this report[37]