ZJHM(SH:600987)2016-04-20 16:00Financial Performance - Net profit attributable to shareholders increased by 17.91% to CNY 91,861,184.59 year-on-year[7] - Operating revenue rose by 12.51% to CNY 675,766,926.11 compared to the same period last year[7] - Basic earnings per share increased by 17.89% to CNY 0.145[7] - Net profit for Q1 2016 reached CNY 108,017,912.51, representing a 17.0% increase from CNY 92,305,725.26 in Q1 2015[27] - The net profit attributable to shareholders of the parent company was CNY 91,861,184.59, up 17.9% from CNY 77,905,957.51 in the previous year[27] - Operating profit increased to ¥124,973,090.28, up 8.3% from ¥115,553,359.44 in the previous period[29] - The company’s total profit for the current period is ¥125,144,289.84, up 8.3% from ¥115,458,545.74 in the previous period[29] Asset and Liability Management - Total assets increased by 2.74% to CNY 4,146,307,432.77 compared to the end of the previous year[7] - Total current assets increased to ¥2,346,774,501.31 from ¥2,230,960,104.70, reflecting a growth in liquidity[18] - Total assets reached ¥4,146,307,432.77, up from ¥4,035,625,683.96, indicating overall asset growth[20] - Total liabilities increased to ¥974,390,153.41 from ¥936,126,317.11, reflecting a rise in financial obligations[20] - The company's equity attributable to shareholders rose to ¥2,843,507,232.78 from ¥2,751,646,048.19, showing an increase in shareholder value[20] Cash Flow - Net cash flow from operating activities increased by 13.52% to CNY 187,470,308.60 year-on-year[7] - The net cash flow from operating activities is ¥187,470,308.60, an increase of 13.5% compared to ¥165,142,713.63 in the previous period[33] - Cash and cash equivalents at the end of the period increased to ¥852,185,916.53, up from ¥806,948,041.81 in the previous period[34] - Cash and cash equivalents at the end of the period totaled $399,538,465.21, a decrease from the previous balance of $467,713,659.99[36] - The net increase in cash and cash equivalents for the period was -$68,175,194.78, reflecting a challenging cash flow environment[36] Shareholder Information - The total number of shareholders reached 23,492 at the end of the reporting period[10] - The largest shareholder, Zhejiang Hangmin Industrial Group Co., Ltd., holds 32.90% of the shares[10] Operational Costs and Expenses - Operating tax and additional fees increased by 46.83% to ¥7,636,868.14 compared to ¥5,201,130.79 in the same period last year, primarily due to increased sales[14] - Financial expenses decreased by 69.77% to ¥2,226,922.01 from ¥7,365,831.30, mainly due to reduced bond interest[14] - Asset impairment losses surged by 2279.87% to ¥2,401,997.30 from a loss of ¥110,189.90, primarily due to increased bad debt provisions[14] - Investment income fell by 40.21% to ¥4,979,182.87 from ¥8,327,921.79, mainly due to decreased income from entrusted loans[14] - The company reported a financial expense of CNY 2,226,922.01, a decrease of 69.8% compared to CNY 7,365,831.30 in the previous year[27] - The company reported a decrease in sales costs to ¥132,712,938.15, down 9.3% from ¥146,317,605.34 in the previous period[29] Future Outlook - The company has not disclosed any significant new product developments or market expansion strategies in this report[12] - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[30]