Jointown(SH:600998)2016-04-25 16:00Financial Performance - Net profit attributable to shareholders rose by 19.38% to CNY 141.50 million year-on-year[7] - Operating revenue grew by 29.31% to CNY 15.45 billion compared to the same period last year[7] - Basic and diluted earnings per share increased by 28.57% to CNY 0.09 per share[7] - The company reported a net profit of ¥171.70 million for Q1 2016, an increase of 16.3% compared to the previous year[36] - The net profit for Q1 2016 reached CNY 47,427,530.25, compared to CNY 7,379,880.08 in Q1 2015, indicating a significant increase[38] - The total profit for the period was CNY 44,997,840.85, up from CNY 6,499,618.67 year-over-year[38] Assets and Liabilities - Total assets increased by 12.84% to CNY 36.77 billion compared to the end of the previous year[7] - As of March 31, 2016, the company's total assets amounted to RMB 36.77 billion, an increase from RMB 32.58 billion at the beginning of the year[28] - Total liabilities reached ¥13.67 billion, up from ¥12.14 billion at the start of the year, indicating a 12.6% increase[34] - The company's equity attributable to shareholders increased to ¥10.73 billion, compared to ¥9.36 billion at the beginning of the year, a growth of 14.7%[30] Cash Flow - The net cash flow from operating activities decreased by 50.82% to -CNY 3.62 billion[7] - The cash flow from operating activities showed a net outflow of CNY -3,615,997,917.19, worsening from CNY -2,397,495,075.87 in the same quarter last year[41] - The company's cash flow from operating activities for Q1 2016 was negative at -1,655,754,742.65 RMB, compared to -1,473,285,308.30 RMB in the same period last year, indicating a decline in operational efficiency[43] - Total cash inflow from operating activities increased significantly to 6,185,719,038.06 RMB, up from 3,179,387,443.47 RMB year-over-year, reflecting a strong sales performance[43] Receivables and Inventory - Accounts receivable increased by 58.51% to RMB 12,360,649,247.47 from RMB 7,798,088,572.87, attributed to expanded sales and longer payment terms with hospital clients[13] - Inventory levels slightly decreased to RMB 8.02 billion from RMB 8.11 billion, a reduction of about 1.1%[27] - Accounts receivable rose to ¥6.43 billion, up from ¥5.54 billion, marking a 16.1% increase[32] - Inventory levels increased to ¥1.22 billion, compared to ¥1.16 billion, reflecting a growth of 5.5%[32] Shareholder Information - The total number of shareholders reached 32,030 by the end of the reporting period[11] - The top shareholder, Shanghai Hongkang Industrial Investment Co., Ltd., holds 26.30% of shares, with 433.13 million shares pledged[11] - The company has committed to avoid any actual or potential competition with major shareholders holding over 5% of shares[22] Financing Activities - The company plans to issue up to RMB 1.5 billion in convertible bonds, with a term of 6 years, following approval from the China Securities Regulatory Commission[16] - The issuance of convertible bonds is aimed at financing the company's expansion and operational needs, with priority allocation to existing shareholders[18] - The company issued a convertible bond of RMB 1.5 billion, approved by the Shanghai Stock Exchange, with the bond code "110034"[19] - The company registered to issue a total of RMB 2 billion in medium-term notes, with RMB 1 billion already issued and fully received on September 11, 2015[19] Operational Costs - Total operating costs for Q1 2016 were ¥15.28 billion, up 29.2% from ¥11.82 billion in Q1 2015[36] - Cash outflow for purchasing goods and services rose to 2,675,827,184.74 RMB, compared to 2,102,204,193.41 RMB in the previous year, indicating increased operational costs[43] Investment and Other Income - The company reported a total comprehensive income of CNY 31,238,780.25 for the period[39] - Investment income for the quarter was CNY 51,030,592.12, significantly higher than CNY 18,728,954.11 in the previous year[38] - The company incurred a loss from the disposal of non-current assets amounting to CNY 24,071.70, compared to a loss of CNY 620.98 in the previous year[38]