ECC(SH:600850)2016-04-25 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,185,504,927.21, a 22.14% increase year-on-year[6] - Net profit attributable to shareholders increased by 78.12% to CNY 62,337,030.98 compared to the same period last year[6] - Basic earnings per share rose by 78.03% to CNY 0.1937[6] - The weighted average return on equity increased by 1.23 percentage points to 3.6885%[6] - Total revenue for Q1 2016 reached ¥1,185,504,927.21, an increase of 22.08% compared to ¥970,574,607.62 in the same period last year[27] - Net profit for Q1 2016 was ¥62,140,052.72, compared to ¥33,624,683.79 in Q1 2015, representing an increase of 84.83%[28] - The company reported an operating profit of ¥75,097,146.54, compared to ¥43,288,347.46 in the previous year, reflecting a growth of 73.54%[28] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -404,951,606.84, a decrease of 205.32% year-on-year[6] - Cash received from other operating activities decreased by 73.02% year-on-year, mainly due to a reduction in project guarantee deposits[14] - Cash received from borrowings decreased by 86.19% year-on-year, reflecting a reduction in borrowings during the current period[14] - Cash paid for dividends, profits, or interest decreased by 37.06% compared to the same period last year, primarily due to a reduction in loan interest payments[14] - The cash flow from operating activities for Q1 2016 was a net outflow of CNY 404.95 million, worsening from a net outflow of CNY 132.63 million in the same period last year[36] - The total cash and cash equivalents at the end of the period were 70,366,137.10 RMB, compared to 23,099,972.65 RMB at the end of the previous period, showing improved liquidity[40] Assets and Liabilities - Total assets increased by 1.58% to CNY 4,847,516,455.06 compared to the end of the previous year[6] - Total current assets as of March 31, 2016, amounted to CNY 4,569,338,412.27, an increase from CNY 4,480,773,638.04 at the beginning of the year[20] - Total current liabilities as of March 31, 2016, were CNY 2,929,896,483.09, slightly up from CNY 2,916,389,149.29 at the beginning of the year[21] - The total equity attributable to shareholders increased to ¥1,720,971,908.18 from ¥1,659,092,680.20, an increase of 3.73%[26] Investments and Acquisitions - The company plans to acquire 100% equity of Shanghai Baifei Electronic Technology Co., Ltd. and 55% equity of Shanghai Huaxun Network Storage System Co., Ltd., along with raising matching funds through a share issuance[15] - The company has extended the validity period of the resolution for issuing shares and paying cash for asset acquisitions, as approved by the shareholders' meeting on February 17, 2016[16] - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets increased by 682.03% compared to the same period last year, indicating significant investment in these areas[14] Other Financial Metrics - Non-operating income surged by 289.03% to CNY 2,923,544.46 compared to the previous year[13] - Tax refunds received increased by 401.10% compared to the same period last year, primarily due to an increase in tax refunds received during the current period[14] - The financial expenses for Q1 2016 were CNY 2.45 million, down from CNY 4.19 million in the previous year, indicating a decrease of 41.5%[31] - The investment income for Q1 2016 was CNY 28,818.93, a recovery from a loss of CNY 1.14 million in the same period last year[31]