SDICZL(SH:600962)2016-04-25 16:00Financial Performance - Operating revenue increased by 33.72% to CNY 285,253,097.44 compared to the same period last year[6] - Net profit attributable to shareholders increased by 292.51% to CNY 5,445,548.44 compared to the same period last year[6] - Basic earnings per share increased by 292.59% to CNY 0.0208 compared to the same period last year[6] - Revenue for Q1 2016 reached ¥285,253,097.44, an increase of 34% compared to ¥213,324,735.47 in Q1 2015, primarily due to increased product sales volume[13] - Net profit attributable to shareholders was ¥5,445,548.44, a significant increase of 293% from a loss of ¥2,828,711.19 in the same period last year[13] - Operating profit for Q1 2016 was ¥5,410,844.10, a significant recovery from a loss of ¥4,388,100.49 in Q1 2015[25] - Net profit for Q1 2016 amounted to ¥6,569,467.07, compared to a net loss of ¥4,576,368.31 in the previous year[26] Cash Flow - Cash flow from operating activities increased by 12.97% to CNY 206,422,474.50 compared to the same period last year[6] - Cash flow from investing activities showed a net outflow of ¥2,919,727.03, a decrease of 93% compared to an outflow of ¥40,758,984.81 in Q1 2015, mainly due to reduced cash payments for long-term assets[14] - Cash flow from financing activities decreased by 34% to a net outflow of ¥208,236,937.77 from ¥313,900,000.00, primarily due to reduced cash payments for debt repayment[14] - Operating cash flow for the company was CNY 206,422,474.50, up from CNY 182,727,373.97 in Q1 2015, representing an increase of about 12.9%[31] - Cash outflows from financing activities totaled CNY 208,236,937.77, down from CNY 313,900,000.00 in the previous year, indicating a decrease of about 33.7%[32] Assets and Liabilities - Total assets decreased by 10.94% to CNY 1,670,289,941.37 compared to the end of the previous year[6] - Total assets as of March 31, 2016, were ¥1,670,289,941.37, down from ¥1,875,407,731.56 at the beginning of the year[17] - Current liabilities decreased to ¥670,068,189.24 from ¥881,464,605.18, reflecting a reduction in short-term borrowings[19] - Current liabilities decreased to ¥827,115,269.55 from ¥889,841,871.71, a reduction of about 7.1%[23] - The total equity of the company as of Q1 2016 was ¥532,784,325.49, down from ¥548,353,404.15 at the start of the year[24] Inventory and Accounts - Inventory decreased by 32% to CNY 421,097,713.82 due to increased product sales[11] - Inventory decreased significantly to ¥421,097,713.82 from ¥623,629,070.99, indicating improved inventory management[17] - Accounts payable decreased by 53% to CNY 26,177,881.45 as a result of payments made on outstanding liabilities[11] - Accounts receivable rose to ¥292,830,614.80 from ¥269,940,141.56, reflecting an increase of about 8.5%[22] Shareholder Information - The number of shareholders reached 12,413 at the end of the reporting period[8] - The largest shareholder, China Development Investment Corporation, holds 44.57% of the shares[8] Other Income and Expenses - Non-operating income included government subsidies amounting to CNY 1,072,570.17[8] - The company received a relocation compensation of ¥1,000,000 from the local government, which positively impacted other income[15] - The company incurred operating expenses of CNY 128,375,686.51, which is significantly higher than CNY 70,623,037.18 from the previous year, reflecting an increase of about 81.7%[31] - The company received tax refunds amounting to CNY 41,578,549.11, an increase from CNY 33,364,929.81 in the previous year, representing a growth of approximately 24.0%[31] Comprehensive Income - The company reported a net loss of CNY 15,569,078.66 for Q1 2016, an improvement from a net loss of CNY 16,824,119.52 in the same period last year, indicating a reduction in losses by approximately 7.5%[28] - The company’s total comprehensive income for the period was CNY -15,569,078.66, which is an improvement from CNY -16,824,119.52 in the previous year, reflecting a reduction in comprehensive losses[28] - The company’s basic earnings per share remain negative, reflecting ongoing challenges in achieving profitability[28]