怡球资源(601388) - 2016 Q1 - 季度财报

Financial Performance - Operating revenue fell by 30.20% to CNY 676,179,950.74 year-on-year[5] - Net profit attributable to shareholders decreased by 176.91% to CNY -15,435,835.80[5] - The company's operating revenue for the first quarter of 2016 was approximately ¥676.18 million, a decrease of 30.20% compared to ¥968.76 million in the same period last year[13] - The net profit for Q1 2016 was a loss of CNY 15,435,845.49, compared to a profit of CNY 20,051,724.24 in Q1 2015, representing a significant decline[29] - Basic and diluted earnings per share for Q1 2016 were both CNY -0.03, down from CNY 0.04 in Q1 2015[30] - The company reported a comprehensive income total of CNY 33,561,227.64 for Q1 2016, compared to CNY 11,308,601.69 in the previous year[30] Cash Flow - Cash flow from operating activities decreased by 44.56% to CNY 122,170,637.43 compared to the same period last year[5] - Cash flow from operating activities for Q1 2016 was CNY 122,170,637.43, a decrease of 44.5% from CNY 220,379,766.59 in the same period last year[34] - Cash inflow from investment activities was CNY 436,930,563.68, compared to CNY 526,086,999.64 in Q1 2015, indicating a decline of 16.9%[34] - The net cash flow from investment activities was -¥235,312,542.51, compared to -¥14,562,236.84 in the previous year, indicating a significant increase in cash outflow[37] - Cash flow from financing activities resulted in a net outflow of -¥43,272,989.81, contrasting with a net inflow of ¥26,744,984.29 in the prior year[38] Assets and Liabilities - Total assets decreased by 0.98% to CNY 3,583,239,226.58 compared to the end of the previous year[5] - Current assets totaled RMB 2,684,457,361.28, down from RMB 2,756,792,553.41 at the beginning of the year, reflecting a decrease of approximately 2.6%[22] - Total liabilities decreased to RMB 1,439,588,041.79 from RMB 1,508,584,416.36, indicating a reduction of approximately 4.6%[24] - Current liabilities decreased to RMB 1,246,119,228.27 from RMB 1,371,286,102.55, representing a reduction of about 9.1%[23] - Non-current assets increased to RMB 898,781,865.30 from RMB 861,881,820.11, showing an increase of approximately 4.3%[23] Shareholder Information - The number of shareholders reached 35,377 at the end of the reporting period[10] - The largest shareholder, Yiqiu (Hong Kong) Co., Ltd., holds 46.06% of the shares, with 34,995,000 shares pledged[10] Inventory and Receivables - Accounts receivable increased by 53.15% to CNY 72,364,249.68 compared to the end of the previous year[12] - Prepayments rose by 86.11% to CNY 47,130,810.72 due to increased advance payments for raw materials[12] - Other receivables surged by 229.74% to CNY 15,007,920.46, attributed to increased tax withholdings[12] - Inventory decreased to RMB 733,671,518.07 from RMB 796,214,694.24, a decline of approximately 7.9%[22] - The company reported a decrease in accounts receivable to RMB 303,785,725.12 from RMB 342,930,715.77, a reduction of about 11.4%[22] Investment Activities - The company plans to acquire 100% of Metalico, with a cash payment of ¥300 million for 42.70% of shares and $61.25 million for 57.30% of shares, approved by the board and shareholders[14] - Following the acquisition, Metalico intends to build three automatic sorting facilities for scrap metal, which will enhance processing capacity and improve aluminum purity, leading to cost savings[15] Currency and Financial Reporting - The company has changed the functional currency of certain subsidiaries from RMB to USD to better reflect their financial status and operations in overseas markets[16] - The company expects to maintain a cash distribution of no less than 20% of the distributable profits from its Malaysian subsidiary annually[18] - The company has not indicated any significant changes in net profit expectations for the upcoming reporting period[19] - The financial report was presented by Huang Chongsheng, the legal representative of the company, on April 27, 2016[20]