MYL(SH:600993)2016-04-27 16:00Financial Performance - Net profit attributable to shareholders rose by 8.67% to CNY 80,253,028.33 year-on-year[5] - Operating revenue increased by 11.65% to CNY 475,801,703.32 compared to the same period last year[5] - Basic earnings per share increased by 11.76% to CNY 0.19[5] - The net profit after deducting non-recurring gains and losses was CNY 70,942,971.13, up 7.79% year-on-year[5] - Total operating revenue for Q1 2016 was CNY 475,801,703.32, an increase of 11.6% compared to CNY 426,153,908.54 in the same period last year[22] - Net profit attributable to shareholders for Q1 2016 was CNY 80,253,028.33, representing a 8.5% increase from CNY 73,851,526.24 in Q1 2015[22] - The total profit for the current period is ¥92,021,988.51, slightly up from ¥91,345,488.57 in the previous period[26] Asset and Equity Changes - Total assets increased by 2.26% to CNY 2,464,221,598.27 compared to the end of the previous year[5] - The company's total equity increased to RMB 1,964,335,490.26 from RMB 1,886,555,160.10, reflecting a growth in retained earnings[15] - The total liabilities decreased to RMB 499,886,108.01 from RMB 523,311,638.20, indicating improved financial stability[15] - The company's construction in progress increased by 61.71% to RMB 13,063,794.36, reflecting new projects initiated during the period[10] Cash Flow and Financial Management - The company reported a net cash flow from operating activities of CNY 5,000,182.36, a significant recovery from a negative cash flow in the previous year[5] - The company's cash and cash equivalents decreased to CNY 365,854,906.03 from CNY 464,170,606.37 at the beginning of the year, a decline of 21.2%[18] - Cash inflow from investment activities surged to CNY 504,789,485.59 compared to CNY 33,290,024.08 in the previous year, indicating a significant increase of approximately 1411.5%[32] - Net cash flow from operating activities decreased to CNY 3,778,436.78 from CNY 14,369,614.24, a decline of about 73.7% year-over-year[32] Shareholder Information - The number of shareholders reached 44,283 by the end of the reporting period[8] - The largest shareholder, China Baoan Group, holds 29.27% of the shares, with 97 million shares pledged[9] Cost Management - Total operating costs for Q1 2016 were CNY 396,309,214.31, up 11.8% from CNY 354,387,487.33 in Q1 2015[22] - The company reported a decrease in sales expenses to ¥43,874,468.76 from ¥43,091,295.56 in the previous period, indicating a tighter control on costs[26] - Financial expenses decreased significantly, with a reported RMB 339,962.63 compared to a negative RMB 2,470,324.74 in the previous year, mainly due to reduced interest income[10] Investment and Other Income - Interest receivables increased by 312.28% to RMB 4,608,297.21, attributed to the growth in bank interest receivables[10] - Other current assets rose by 48.14% to RMB 327,460,121.00, driven by increased investments in short-term financial products[10] - Operating income from non-operating activities surged by 636.51% to RMB 6,326,170.53, primarily due to increased government relocation subsidies compared to the previous year[10] - The investment income increased to ¥6,832,090.55 from ¥4,793,316.56 in the previous period, reflecting better performance in investments[26] Impairment and Quality Management - The company reported a 77.33% decrease in asset impairment losses to RMB 1,103,960.86, indicating improved asset quality management[10]