玉龙股份(601028) - 2016 Q1 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥333,299,184.55, a decrease of 53.98% year-on-year[7] - Net profit attributable to shareholders of the listed company was ¥27,275,770.03, down 38.53% from the same period last year[7] - Basic earnings per share decreased by 75.00% to ¥0.03 compared to ¥0.12 in the same period last year[7] - Total profit decreased by 38.46% to ¥32,203,333.59 from ¥52,327,969.58, mainly due to a decline in product sales volume[14] - Net profit attributable to the parent company decreased by 38.53% to ¥27,275,770.03 from ¥44,371,977.22, driven by lower sales volume[14] - Operating revenue decreased by 53.98% to ¥333,299,184.55 from ¥724,233,918.11, primarily due to a reduction in steel pipe sales volume and price[14] - Total operating revenue for Q1 2016 was CNY 240,379,437.47, a decrease of 57.96% compared to CNY 570,735,794.16 in the same period last year[34] - Operating profit for Q1 2016 was CNY 24,958,242.73, down 55.14% from CNY 55,634,022.86 in Q1 2015[34] - Net profit for Q1 2016 was CNY 23,819,665.88, a decline of 49.05% compared to CNY 46,710,656.73 in the previous year[35] Cash Flow - The net cash flow from operating activities was ¥125,845,836.17, a significant recovery from a loss of ¥13,287,894.86 in the previous year[7] - Cash flow from operating activities improved significantly, with a net cash inflow of ¥125,845,836.17 compared to a net outflow of ¥13,287,894.86 in the previous period[16] - Cash inflow from financing activities was CNY 150,000,000.00, down from CNY 224,640,457.77 in the previous period, a decrease of about 33.1%[39] - Net cash flow from financing activities was CNY -29,792,407.23, improving from CNY -64,146,316.51 in the previous period[42] - Cash flow from operating activities was CNY 503,797,889.89, a decrease of 43.47% from CNY 892,181,730.18 in the same period last year[37] - Operating cash inflow totaled CNY 413,055,413.69, down from CNY 631,476,340.42 in the previous period, representing a decrease of approximately 34.6%[41] - The ending cash and cash equivalents balance was CNY 426,206,698.47, compared to CNY 316,672,405.50 in the previous period, reflecting an increase of approximately 34.6%[42] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,318,697,869.60, an increase of 1.82% compared to the end of the previous year[7] - Total liabilities rose to CNY 644,180,088.36 compared to CNY 600,659,516.86, marking an increase of about 7.2%[24] - Current liabilities totaled CNY 623,878,405.30, up from CNY 577,311,444.37, indicating a rise of approximately 8.1%[23] - Cash and cash equivalents decreased to CNY 483,838,219.94 from CNY 523,906,215.51, a reduction of approximately 7.7%[25] - Accounts receivable increased slightly to CNY 371,911,376.58 from CNY 369,767,568.94, showing a marginal growth of about 0.6%[26] - Inventory decreased to CNY 286,470,660.78 from CNY 328,483,258.94, reflecting a decline of approximately 12.8%[26] - Non-current assets totaled CNY 1,078,741,225.77, up from CNY 1,013,764,197.01, indicating an increase of about 6.4%[26] - Shareholders' equity increased to CNY 2,674,517,781.24 from CNY 2,658,804,315.23, representing a growth of approximately 0.6%[24] Expenses and Income - Operating costs fell by 55.75% to ¥268,072,041.92 from ¥605,764,756.54, attributed to decreased sales volume and lower raw material prices[14] - Sales expenses decreased by 32.27% to ¥18,201,038.69 from ¥26,871,854.76, mainly due to reduced freight costs[15] - Management expenses decreased by 41.88% to ¥22,404,622.99 from ¥38,546,147.14, primarily due to lower R&D and salary expenses[15] - Other operating income increased significantly by 1,593.44% to ¥3,272,157.58 from ¥193,225.31, mainly due to increased government subsidies[15] - Investment income increased to ¥2,490,236.11, reflecting higher financial investment returns[14] - The company reported a tax expense of CNY 4,199,705.74 for Q1 2016, down from CNY 8,745,998.24 in the same period last year[35] - The company incurred a financial expense of CNY 4,623,752.94 in Q1 2016, an increase from CNY 1,761,348.93 in Q1 2015[34] Shareholder Information - The number of shareholders at the end of the reporting period was 58,555, with the top ten shareholders holding a combined 51.68% of shares[10] - The company reported a significant increase in tax payable by 136.22% to ¥16,869,494.63, primarily due to an increase in value-added tax[12]