Jangho(SH:601886)2016-04-27 16:00Financial Performance - Operating revenue for the period was CNY 2,772,678,582.16, representing a decline of 22.31% year-on-year[6] - Net profit attributable to shareholders was CNY 75,710,451.29, an increase of 48.51% compared to the same period last year[6] - Basic earnings per share rose by 75.00% to CNY 0.07[6] - The company reported a comprehensive income total of ¥280,354,063.54 for Q1 2016, compared to ¥67,186,958.28 in Q1 2015[34] - Net profit for Q1 2016 was ¥100,247,248.66, an increase of 76.9% compared to ¥56,628,928.29 in Q1 2015[33] - The net profit attributable to shareholders of the parent company was ¥75,710,451.29, up 48.6% from ¥50,978,870.75 in the previous year[33] - Earnings per share for Q1 2016 were ¥0.07, compared to ¥0.04 in Q1 2015[34] Cash Flow - The company reported a cash flow from operating activities of CNY -868,821,794.08, indicating a negative cash flow situation[6] - The net cash flow from operating activities was -868,821,794.08 RMB, compared to -826,192,153.10 RMB in the previous period, indicating a decline in operational cash flow[39] - Total cash inflow from operating activities was 3,370,290,540.61 RMB, down 16.3% from 4,026,210,641.95 RMB in the previous period[39] - Cash outflow from operating activities totaled 4,239,112,334.69 RMB, a decrease of 12.6% from 4,852,402,795.05 RMB year-over-year[39] - The net cash flow from investing activities was -1,370,862,023.65 RMB, significantly worse than -210,501,581.26 RMB in the previous period[39] - Cash inflow from investing activities was 14,060,287.86 RMB, down 27.5% from 19,419,192.34 RMB in the previous period[39] - Cash outflow from investing activities increased to 1,384,922,311.51 RMB from 229,920,773.60 RMB, reflecting a substantial rise in investment expenditures[39] - The net cash flow from financing activities was 714,478,635.26 RMB, a significant increase from 7,944,605.97 RMB in the previous period[40] - Cash inflow from financing activities totaled 1,798,621,506.33 RMB, up 100.4% from 897,273,764.70 RMB year-over-year[40] - Cash outflow from financing activities was 1,084,142,871.07 RMB, compared to 889,329,158.73 RMB in the previous period, indicating increased financing costs[40] - The ending cash and cash equivalents balance was 1,315,724,424.48 RMB, up from 804,853,604.56 RMB in the previous period, showing improved liquidity[40] Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,231,154,691.76, a decrease of 0.45% compared to the end of the previous year[6] - Total current assets decreased from CNY 18.54 billion at the beginning of the year to CNY 16.91 billion, a decline of approximately 8.76%[25] - Cash and cash equivalents decreased from CNY 3.51 billion to CNY 2.02 billion, a reduction of about 42.47%[25] - Accounts receivable decreased from CNY 10.93 billion to CNY 10.62 billion, a decline of approximately 2.85%[25] - Total non-current assets increased from CNY 3.79 billion to CNY 5.32 billion, an increase of about 40.66%[26] - Total liabilities decreased from CNY 15.90 billion to CNY 15.64 billion, a reduction of approximately 1.63%[27] - Short-term borrowings increased from CNY 2.70 billion to CNY 3.03 billion, an increase of about 12.29%[26] - Total equity increased from CNY 6.43 billion to CNY 6.59 billion, an increase of approximately 2.83%[27] - Inventory increased from CNY 3.14 billion to CNY 3.13 billion, a slight decrease of about 0.24%[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,482[8] - The largest shareholder, Beijing Jianghe Source Holdings Co., Ltd., held 27.35% of the shares[8] Government and Other Income - The company received government subsidies amounting to CNY 3,566,478.33 during the reporting period[7] - Non-recurring gains and losses totaled CNY 25,495,101.01, primarily from performance compensation received[7] - Investment income increased by 457.24% to ¥5,426,762.32 primarily from dividends received from PRIMARY shares[11] - The company recorded an investment income of ¥5,426,762.32, a substantial increase from ¥973,872.06 in the previous year[33] Strategic Initiatives - The company plans to issue super short-term financing bonds up to ¥3 billion, with registration approved on April 1, 2016[13] - The company is establishing a joint venture, Beijing Jianghe Vision Eye Medical Co., Ltd., with a total investment of $28 million (approximately ¥182 million) to enhance its healthcare business[14] - The company’s investment in PRIMARY is based on strategic considerations and confidence in its growth prospects, as PRIMARY is a leading healthcare service provider in Australia[17] Competitive Commitments - The company reported a commitment to avoid engaging in any competitive business with Jianghe Curtain Wall and its subsidiaries[20] - The company will make every effort to prevent its affiliates from engaging in similar competitive businesses[20] - If the company or its controlled entities plan to engage in new businesses that may compete with Jianghe Curtain Wall, it will prioritize negotiation with Jianghe Curtain Wall[20] - The company has committed to notifying Jianghe Curtain Wall of any business opportunities that may lead to competition and will unconditionally forfeit such opportunities if Jianghe Curtain Wall expresses interest[20] - In the event of a failure to repay bond principal and interest on time, the company will take measures such as not distributing profits to shareholders and postponing significant external investments[20] - The company will ensure that any related party transactions with Jianghe Creation and its subsidiaries are conducted at market prices and in compliance with legal decision-making procedures[21] - The company has committed to detailed disclosure of any competitive situations that arise post-IPO, including the nature of competition and related transactions[20] - The company will not provide proprietary technology or customer information to competitors[21] - The company’s first major shareholder has committed to bear any losses resulting from ownership defects related to properties occupied by Beijing Port Source Decoration Engineering Co., Ltd.[21] Financial Outlook - The company has indicated that it does not anticipate significant changes in net profit compared to the previous year[22]