SMIC(SH:600810)2016-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 97.47% to CNY 10,945,174.25 compared to the same period last year[6]. - Basic earnings per share increased by 100.00% to CNY 0.02 compared to the same period last year[6]. - The weighted average return on equity increased by 0.21 percentage points to 0.45% compared to the same period last year[6]. - The company reported a net loss of CNY -80,791,207.76, an improvement from a loss of CNY -91,736,382.01 in the previous year[25]. - Net profit for Q1 2016 reached CNY 11,318,906.46, compared to a net loss of CNY 2,224,795.65 in Q1 2015, indicating a significant turnaround[32]. - Operating profit for Q1 2016 was CNY 13,245,832.94, compared to a loss of CNY 2,616,908.19 in Q1 2015, showing a substantial improvement[31]. - The total profit for Q1 2016 was CNY 12,641,408.87, a recovery from a loss of CNY 1,666,280.99 in the same quarter last year[31]. - The total comprehensive income for Q1 2016 was CNY 11,318,906.46, a significant recovery from a loss of CNY 2,224,795.65 in the same quarter last year[32]. Revenue and Sales - Operating revenue decreased by 3.97% to CNY 1,961,253,268.08 compared to the same period last year[6]. - Total revenue for Q1 2016 was CNY 1,961,253,268.08, a decrease of 3.97% compared to CNY 2,042,272,640.87 in the same period last year[30]. - Sales revenue from goods and services was CNY 2,116,054,130.09, significantly higher than CNY 805,236,577.84 in the previous period[40]. Cash Flow - Net cash flow from operating activities decreased by 69.63% to CNY 90,934,073.27 compared to the same period last year[6]. - Cash flow from operating activities for Q1 2016 was CNY 2,234,783,041.37, significantly higher than CNY 1,048,635,696.35 in Q1 2015, indicating strong cash generation capabilities[37]. - Operating cash inflow totaled CNY 2,362,047,619.69, a significant increase from CNY 1,099,657,549.84 in the previous period[38]. - Cash inflow from financing activities reached CNY 1,084,563,772.87, up from CNY 249,328,132.54 in the previous period[39]. - The net cash flow from financing activities was CNY 342,132,429.08, a recovery from -CNY 67,608,632.78 in the previous period[39]. Assets and Liabilities - Total assets increased by 4.10% to CNY 8,535,045,740.93 compared to the end of the previous year[6]. - Current liabilities totaled CNY 4,846,374,960.30, slightly up from CNY 4,834,195,141.36, indicating a marginal increase of 0.83%[25]. - Non-current liabilities rose to CNY 962,424,870.08 from CNY 649,544,870.08, representing a significant increase of 48.00%[25]. - Long-term borrowings rose by 49.48% to CNY 945,170,000.00 from CNY 632,290,000.00 due to increased bank loans[14]. Shareholder Information - The total number of shareholders reached 29,854 at the end of the reporting period[11]. - The largest shareholder, China Pingmei Shenma Energy & Chemical Group, holds 49.28% of the shares[11]. Investment and Development - The company has not disclosed any new product developments or market expansion strategies in this report[6]. - The company plans to implement the acquisition of Henan Shennong Nylon Chemical Co., Ltd. within the commitment period as per the agreement with its controlling shareholder[16]. Other Financial Metrics - Non-recurring gains and losses amounted to a total of -CNY 695,732.31 for the reporting period[9]. - Investment income for Q1 2016 was a loss of CNY 648,871.27, compared to a gain of CNY 23,650,725.69 in the previous year, indicating challenges in investment performance[34]. - The company incurred a tax expense of CNY 1,322,502.41 in Q1 2016, compared to CNY 558,514.66 in Q1 2015, reflecting higher profitability[31].