Western Region Gold (SH:601069)2016-08-23 16:00Financial Performance - Net profit attributable to shareholders increased by 213.16% to CNY 36,647,091.99 year-on-year[6]. - Operating revenue rose by 63.41% to CNY 328,475,918.21 compared to the same period last year[6]. - Basic earnings per share increased by 192.39% to CNY 0.0576 compared to the same period last year[6]. - The weighted average return on equity improved by 1.45 percentage points to 2.27%[6]. - Total revenue for Q1 2016 was CNY 328,475,918.21, an increase of 63.5% compared to CNY 201,019,072.02 in the previous year[34]. - Net profit for Q1 2016 reached CNY 36,647,091.99, compared to CNY 11,702,506.59 in the same period last year, representing a growth of 212.5%[35]. - The company reported a basic earnings per share of CNY 0.0576 for Q1 2016, compared to CNY 0.0197 in the previous year, an increase of 192.4%[36]. Cash Flow - Net cash flow from operating activities surged by 690.72% to CNY 91,847,097.19 year-to-date[6]. - Operating cash inflow for Q1 2016 totaled ¥329,743,993.41, up from ¥207,424,179.32 in Q1 2015, representing a 59% increase[43]. - The net cash flow from operating activities was ¥91,847,097.19, significantly higher than ¥11,615,599.25 in the previous year[43]. - Cash flow from investing activities showed a net inflow of ¥61,171,788.92, compared to a net outflow of ¥21,123,767.54 in Q1 2015[43]. Assets and Liabilities - Total assets decreased by 3.30% to CNY 2,461,840,827.58 compared to the end of the previous year[6]. - The company's current assets totaled CNY 574,540,215.18, down from CNY 648,910,372.44 at the beginning of the year, indicating a decline of approximately 11.43%[27]. - The total liabilities decreased from CNY 947,299,638.24 to CNY 827,193,442.77, reflecting a reduction of about 12.66%[29]. - Short-term borrowings decreased by 37.21% to 270,000,000.00 from 430,000,000.00, due to repayment of loans[13]. - The company's total liabilities decreased to CNY 677,794,461.02 from CNY 830,540,504.80, a reduction of 18.4%[33]. Shareholder Information - The total number of shareholders reached 50,614 at the end of the reporting period[11]. - The largest shareholder, Xinjiang Nonferrous Metals Industry Group, holds 68.18% of the shares, with 433,650,000 shares pledged[11]. - The company guarantees that the profit distribution plan for the year of IPO and the following two years will allocate at least 30% of the distributable profit to shareholders in cash, ensuring a minimum of 30% of the average annual distributable profit over three years[21]. Commitments and Transparency - The company has committed to maintaining transparency and adhering to regulations regarding stock performance and shareholder commitments[16]. - The company will publicly disclose reasons for any failure to fulfill commitments and apologize to shareholders and the public[21]. - The company has pledged to maintain transparency and accept supervision from investors and the public regarding its commitments and performance[21]. - The company committed to minimizing related party transactions and ensuring fair pricing to protect shareholder interests[23]. Operational Insights - Operating costs increased to 230,828,013.33, a rise of 64.89% from 139,985,436.84 in the previous period, primarily due to increased sales volume[14]. - The company reported a significant decrease in accounts receivable, down 94.12% to 300,000.00 from 5,100,000.00, attributed to reduced business activities[13]. - The company did not report any significant new strategies or developments in product or technology during this period[16]. - There were no updates on market expansion or mergers and acquisitions in the current report[16].