海南橡胶(601118) - 2016 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -86,926,135.12, showing an improvement from CNY -110,065,800.90 in the same period last year[7] - Operating revenue decreased by 29.39% to CNY 1,164,874,709.43 compared to CNY 1,649,739,855.22 in the previous year[7] - The weighted average return on net assets was -1.10%, slightly improved from -1.23% in the previous year[7] - Basic and diluted earnings per share were both CNY -0.0221, showing a slight improvement from CNY -0.0280 in the same period last year[7] - The company reported a net loss of CNY 169.96 million, compared to a loss of CNY 83.03 million at the beginning of the year, indicating a worsening of approximately 104.5%[21] - Net loss for Q1 2016 was CNY 87,258,305.80, compared to a net loss of CNY 109,275,336.92 in Q1 2015, representing a 20.2% improvement[26] - The company reported an operating profit of CNY -121,911,297.05 for Q1 2016, slightly improved from CNY -133,888,786.42 in Q1 2015[26] Cash Flow - Net cash flow from operating activities increased by 81.08% to CNY 227,019,368.05 compared to CNY 125,366,538.92 in the same period last year[7] - Investment activities generated a net cash flow of -¥247,883,929.44, an improvement of 51.37% from -¥509,697,756.39 in the previous period[16] - Financing activities produced a net cash flow of ¥283,356,296.32, up 60.08% from ¥177,004,087.33 year-on-year[16] - Operating cash inflow for the first quarter was CNY 1,560,971,440.02, down from CNY 2,069,903,041.53 in the previous period, representing a decrease of approximately 24.6%[31] - Cash flow from other operating activities increased significantly to CNY 212,420,893.06 from CNY 43,939,791.77, representing a growth of 384.5%[31] - The company reported a net cash flow from investment activities of CNY -247,883,929.44, an improvement from CNY -509,697,756.39 in the previous period[32] Assets and Liabilities - Total assets increased by 1.71% to CNY 13,111,995,601.63 compared to the end of the previous year[7] - Total liabilities amounted to CNY 5.08 billion, up from CNY 4.76 billion, representing an increase of approximately 6.7%[21] - The company's equity decreased to CNY 8.03 billion from CNY 8.13 billion, a decline of approximately 1.2%[21] - Current assets totaled CNY 5.50 billion, up from CNY 5.36 billion, indicating an increase of about 2.6%[20] - Non-current assets reached CNY 7.61 billion, compared to CNY 7.53 billion, reflecting a growth of about 1.1%[20] - The company experienced a decrease in undistributed profits due to losses from operations influenced by the sluggish rubber industry[11] Shareholder Information - The number of shareholders reached 129,500, with the largest shareholder holding 70% of the shares[9] Investment and Financing - Long-term borrowings rose by 38.53% to CNY 2,225,881,346.43 from CNY 1,606,813,346.43 at the end of the previous year[10] - The company increased long-term borrowings to meet operational needs amid a sluggish rubber market[11] - Cash inflow from loans received was CNY 877,083,482.41, an increase of 30.7% compared to CNY 671,289,111.67 in the previous period[32] Other Income and Expenses - Other operating income included CNY 19,087,617.56 mainly from land compensation[7] - The company reported an asset impairment loss of -¥135,639,443.42, a significant increase of 739.05% compared to -¥16,165,908.38 in the previous period[13] - Investment income decreased by 173.76% to -¥76,336,461.48 from -¥27,884,170.90 in the previous period[13] - The fair value change income dropped by 31.64% to ¥28,506,508.37 from ¥41,697,620.97 in the previous period[13] - Other comprehensive income decreased due to increased floating losses on effective portions of hedging instruments[11] Future Outlook - The company plans to control market risks effectively to potentially improve net profit significantly if natural rubber prices rebound to ¥15,000 per ton[17] - The company plans to focus on improving operational efficiency and reducing costs in the upcoming quarters to enhance profitability[30]