GRI(SH:600894)2016-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 2.53% to CNY 110,801,528.98 in Q1 2016, compared to CNY 108,064,408.75 in Q1 2015[6] - Operating revenue for Q1 2016 was CNY 851,715,871.31, a slight increase of 0.16% from CNY 850,382,458.20 in Q1 2015[6] - The company's operating profit for Q1 2016 was CNY 121,857,252.02, compared to CNY 118,772,897.99 in Q1 2015, indicating an increase of about 2.3%[36] - Earnings per share for Q1 2016 was CNY 0.1288, compared to CNY 0.1257 in Q1 2015, showing an increase of about 2.5%[36] - The company reported an investment income of CNY 62,019,402.01 from joint ventures and associates in Q1 2016, slightly down from CNY 63,793,833.13 in Q1 2015[36] Cash Flow - The net cash flow from operating activities was negative at CNY -95,296,350.01 for Q1 2016, compared to CNY -142,637,023.93 in Q1 2015[6] - In Q1 2016, the net cash outflow from operating activities decreased to -95,296,350.01 RMB from -142,637,023.93 RMB in Q1 2015, indicating improved cash flow management[14] - Total cash inflow from operating activities increased to 1,012,011,571.86 RMB in Q1 2016, compared to 926,327,219.31 RMB in Q1 2015, reflecting an increase of 9.2%[42] - Cash outflow for purchasing goods and services decreased to 758,497,547.71 RMB in Q1 2016 from 814,770,506.14 RMB in Q1 2015, a decrease of 6.9%[42] - The company reported a net cash flow from operating activities of 6,472,794.78 RMB in the parent company for Q1 2016, a significant improvement from -26,916,239.40 RMB in Q1 2015[43] Assets and Liabilities - Total assets decreased by 2.45% to CNY 9,046,050,600.16 as of March 31, 2016, compared to CNY 9,273,694,864.53 at the end of 2015[6] - The company's current assets totaled CNY 4,736,300,738.63, down from CNY 5,037,014,825.85, indicating a decrease of about 5.96%[30] - The total liabilities decreased from CNY 2,664,702,032.28 to CNY 2,322,717,516.78, representing a reduction of approximately 12.83%[32] - The owner's equity increased from CNY 6,608,992,832.25 to CNY 6,723,333,083.38, showing an increase of about 1.73%[32] - Cash and cash equivalents decreased from CNY 3,411,998,664.01 to CNY 3,143,034,756.63, a decline of approximately 7.87%[30] Shareholder Information - The number of shareholders reached 40,323 as of the report date[11] - The largest shareholder, Guangzhou Guangri Group Co., Ltd., holds 56.56% of the shares, totaling 486,361,929 shares[11] - The company reported a profit distribution policy ensuring cash dividends of at least 10% of the distributable profit for the year[22] - The company aims to complete dividend distribution within two months following the shareholders' meeting resolution[22] - The company has established a stable and continuous profit distribution policy to enhance shareholder confidence[22] Corporate Governance - The company has committed to ensuring that its controlling shareholder will not engage in any business that competes with the company's main operations[20] - The company committed to maintaining the independence of its operations, ensuring no conflicts of interest with its controlling shareholder, Guangri Group[24] - Guangri Group will not engage in any business that competes with the company's main operations, ensuring no adverse impact on the company's interests[24] - The company will ensure that its financial and operational independence is maintained from Guangri Group and its controlled enterprises[24] - The company is committed to following fair trading principles in any related party transactions, avoiding any actions that could harm minority shareholders[24]