TKGF(SH:601233)2016-04-27 16:00Financial Performance - Operating income for the period was CNY 4,861,345,358.50, a slight increase of 0.58% year-on-year[6] - Net profit attributable to shareholders increased by 120.85% to CNY 157,342,513.13 compared to the same period last year[6] - Basic earnings per share rose by 45.45% to CNY 0.16 per share[6] - The weighted average return on equity increased by 0.75 percentage points to 2.23%[6] - Total operating revenue for Q1 2016 was CNY 4,861,345,358.50, a slight increase of 0.6% compared to CNY 4,833,489,863.40 in the same period last year[29] - Net profit for Q1 2016 reached CNY 157,472,761.61, representing a 53.0% increase from CNY 102,967,053.83 in Q1 2015[30] - The company reported an operating profit of CNY 190,762,510.67, which is a 68.8% increase from CNY 112,891,797.92 in the previous year[30] Assets and Liabilities - Total assets increased by 7.15% to CNY 16,185,645,553.09 compared to the end of the previous year[6] - Current assets increased to ¥6,255,820,785.45 from ¥5,252,828,367.83, representing a growth of approximately 19.06%[20] - Total liabilities rose to ¥9,047,514,982.91 from ¥8,124,663,928.77, indicating an increase of approximately 11.36%[22] - Total liabilities increased to CNY 6,683,444,186.25, compared to CNY 6,158,993,577.75 in the previous year, marking a growth of 8.5%[30] - The company's equity attributable to shareholders increased to ¥7,101,825,182.89 from ¥6,945,383,073.03, reflecting a growth of approximately 2.26%[22] Cash Flow - The net cash flow from operating activities improved by 43.18%, reaching CNY -696,705,690.66[6] - The company reported a net cash outflow from operating activities of RMB -696,705,690.66, an improvement of 43.18% compared to the previous period[15] - Operating cash inflow for the current period is CNY 5,455,419,158.15, down from CNY 5,713,661,601.95 in the previous period, representing a decrease of approximately 4.5%[37] - Cash inflow from investment activities totals CNY 891,975,131.29, compared to CNY 1,166,170,639.58 in the previous period, indicating a decline of about 23.5%[37] - Cash inflow from financing activities is CNY 3,914,521,094.82, up from CNY 2,787,058,270.92, reflecting an increase of approximately 40.5%[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,151[10] - Zhejiang Tongkun Holding Group Co., Ltd. held 37.62% of the shares, making it the largest shareholder[10] Investments and Expenses - The company’s investment income increased significantly to RMB 9,125,143.82, compared to a loss of RMB -4,578.34 in the previous period, marking a 199,411% change[15] - The company’s financial expenses rose by 20.02% to RMB 69,360,019.07, mainly due to increased interest expenses[15] Inventory and Receivables - Accounts receivable rose by 93.78% to RMB 330,120,061.54, mainly due to an increase in trade receivables from transshipment[14] - Inventory increased by 26.91% to RMB 2,661,602,666.00, attributed to a rise in finished product inventory of long filament[14] - Other receivables surged to ¥2,377,410,698.78 from ¥1,729,555,659.09, marking an increase of about 37.47%[25] Future Plans - The company plans to issue up to 14,104.37 million shares at a price not lower than RMB 21.27 per share to fund projects and supplement working capital[16] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]