Baosight(SH:600845)2016-04-27 16:00Financial Performance - Operating income for the period was CNY 850,074,961.48, representing a growth of 6.92% year-on-year [6]. - Net profit attributable to shareholders was CNY 62,087,072.72, a slight decrease of 0.28% compared to the same period last year [6]. - Basic and diluted earnings per share were both CNY 0.195, an increase of 2.63% from CNY 0.190 in the previous year [6]. - Total operating revenue for Q1 2016 was CNY 850,074,961.48, an increase of 6.4% compared to CNY 795,052,559.48 in Q1 2015 [31]. - Net profit for Q1 2016 reached CNY 77,073,839.97, representing a 8.9% increase from CNY 70,967,859.49 in Q1 2015 [32]. - Earnings per share (EPS) for Q1 2016 was CNY 0.195, compared to CNY 0.190 in Q1 2015, indicating a growth of 2.6% [33]. - The company reported an operating profit of CNY 74,621,883.56 for Q1 2016, slightly down from CNY 76,023,490.80 in the same quarter last year [32]. - The total comprehensive income for Q1 2016 was CNY 77,321,307.66, compared to CNY 70,943,573.07 in Q1 2015, reflecting an increase of 8.4% [33]. Cash Flow - Cash flow from operating activities increased significantly to CNY 180,858,182.83, up 586.23% year-on-year [6]. - Net cash flow from operating activities surged by 586.23% to ¥180.86 million, attributed to improved risk control and accounts receivable management [17]. - Operating cash inflow from sales increased to ¥899,443,654.18, up from ¥801,093,620.91, representing a growth of approximately 12.4% year-over-year [38]. - Cash flow from operating activities netted ¥208,355,496.67, compared to ¥65,504,807.57 in the previous period, an increase of 217.5% [42]. - Total cash outflow for operating activities was ¥649,347,498.32, slightly up from ¥634,758,368.65, indicating a marginal increase of 2.5% [42]. - The company reported a net cash increase from financing activities of -¥2,459,044.36, an improvement from -¥12,564,043.61 in the previous period [40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,308,343,376.87, a decrease of 1.08% compared to the end of the previous year [6]. - The company's total liabilities decreased from CNY 2,403,166,462.54 to CNY 2,258,767,318.64, reflecting a reduction of approximately 6.0% [25]. - The total equity increased from CNY 3,973,854,750.55 to CNY 4,049,576,058.23, representing an increase of about 1.9% [25]. - Cash and cash equivalents rose to CNY 1,727,282,422.92 from CNY 1,707,946,354.57, indicating a growth of approximately 1.4% [23]. - The total current assets decreased from CNY 5,097,577,135.36 to CNY 4,912,129,678.68, a decline of about 3.6% [23]. - The company's short-term borrowings remained stable at CNY 77,000,000.00 [24]. Shareholder Information - The total number of shareholders at the end of the reporting period was 29,355 [10]. - The largest shareholder, Baoshan Iron & Steel Co., Ltd., held 55.50% of the shares, amounting to 217,365,440 shares [10]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 16,582,375.04 during the reporting period [8]. - The company reported a substantial increase in non-operating income, which rose by 101.80% to ¥17.63 million, driven by government subsidy project completions [15]. - Non-operating income and expenses totaled CNY 14,275,149.48 after accounting for various adjustments [8]. Changes in Receivables and Payables - Accounts receivable decreased by 31.16% to ¥255.35 million due to the maturity of nearly ¥200 million in receivables [14]. - Other receivables increased by 31.65% to ¥82.82 million primarily due to increased performance and bidding guarantees [14]. - Other payables rose by 60.28% to ¥67.77 million, mainly due to increased performance guarantees received from subcontractors [14]. - Employee compensation payable increased by 57.45% to ¥86.99 million, reflecting changes in the company's compensation assessment system [14]. - Tax payable decreased by 43.38% to ¥58.67 million, primarily due to the payment of personal income tax from the previous year [14]. Investment Activities - Cash flow from investment activities decreased significantly by ¥342.37 million, primarily due to a net increase in structured deposit investments [16]. - Investment income showed a significant loss of ¥3.85 million compared to a loss of ¥1.39 million in the previous year [17]. - Total cash outflow from investment activities was ¥334,318,973.87, compared to ¥104,112,545.53 in the prior period, indicating a substantial increase in investment spending [39]. - Net cash flow from investment activities was -¥313,510,846.85, a decline from ¥28,862,745.56, reflecting increased capital expenditures [39].