TSPGC(SH:601000)2016-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 1,356,074,573.94, representing a year-on-year increase of 17.55%[12] - The net profit attributable to shareholders was CNY 275,161,985.24, reflecting a growth of 12.10% compared to the same period last year[6] - The company achieved a cargo throughput of 44,143,500 tons in the first quarter, an increase of 28.35% year-on-year[12] - Total operating revenue for Q1 2016 was CNY 1,356,074,573.94, an increase of 17.6% compared to CNY 1,153,642,371.36 in the same period last year[30] - Net profit for Q1 2016 reached CNY 308,273,600.29, representing a 15.9% increase from CNY 265,898,894.76 in Q1 2015[31] - The company’s total comprehensive income for Q1 2016 was CNY 308,273,600.29, compared to CNY 265,898,894.76 in Q1 2015, indicating a growth of 15.9%[32] - The operating profit for Q1 2016 was CNY 352,669,012.40, slightly up from CNY 336,951,328.89 in Q1 2015, reflecting a growth of 4.0%[31] Cash Flow - The cash flow from operating activities was CNY 171,141,463.40, down 35.57% from the previous year[6] - Other cash received related to operating activities decreased by 53.38% year-on-year, mainly due to a decrease in comprehensive logistics business[17] - Cash paid for purchasing goods and receiving services increased by 64.50% year-on-year, mainly due to an increase in trade segment business[17] - The cash inflow from operating activities was CNY 1,363,642,188.66, an increase from CNY 1,337,911,308.39 in the previous period, reflecting a growth of approximately 1.7%[36] - The net cash flow from operating activities was CNY 171,141,463.40, down from CNY 265,622,251.55, indicating a decline of about 35.5%[37] - The cash inflow from financing activities totaled CNY 1,000,000,000.00, up from CNY 745,884,571.50, representing an increase of about 34.1%[38] - The net cash flow from financing activities was -CNY 201,403,303.34, a significant decline from CNY 369,195,223.85, reflecting a change in financing strategy[38] Assets and Liabilities - The total assets at the end of the reporting period were CNY 16,617,353,889.15, a decrease of 0.16% compared to the end of the previous year[6] - Current assets totaled CNY 4,139,644,273.91, increasing from CNY 4,042,150,092.42 at the start of the year, primarily driven by an increase in accounts receivable[22] - The company's cash and cash equivalents decreased to CNY 2,085,923,027.97 from CNY 2,184,329,620.64, reflecting a decline of approximately 4.5%[22] - Total liabilities decreased to CNY 4,926,323,403.32 from CNY 5,267,358,893.18, indicating a reduction of about 6.5%[24] - The total liabilities as of Q1 2016 amounted to CNY 3,239,914,838.37, compared to CNY 2,892,681,493.82 in the previous year, reflecting a growth of 11.9%[31] - The total current liabilities increased to CNY 3,914,693,923.67 from CNY 3,543,822,470.50, an increase of about 10.5%[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 96,226[10] - The largest shareholder, Tangshan Port Industrial Group Co., Ltd., held 43.48% of the shares[10] Government Support and Subsidies - The company received government subsidies amounting to CNY 5,451,275.79 during the reporting period[6] Borrowings and Financial Expenses - Long-term borrowings decreased by 54.11% compared to the end of the previous year, mainly due to repayment of long-term loans[14] - Financial expenses decreased by 45.03% year-on-year, primarily due to a reduction in long-term borrowings[15] - The company reported a financial expense of CNY 25,478,564.14 in Q1 2016, down 45.0% from CNY 46,349,723.54 in the same period last year[31] Inventory and Other Assets - The company reported a significant increase in inventory, rising to CNY 390,193,106.40 from CNY 370,262,607.58, an increase of approximately 5.4%[22] - Other current assets decreased by 63.60% compared to the end of the previous year, mainly due to a reduction in the expected deductible VAT input tax[13] Corporate Actions - The company is actively promoting the asset restructuring project, which requires approval from the China Securities Regulatory Commission[18] - The company has committed to not transferring shares for 36 months following the completion of the non-public issuance of shares[19]