ST奥康(603001) - 2016 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 888,917,150.73, representing a year-on-year increase of 5.59%[6] - Net profit attributable to shareholders was CNY 112,775,099.81, up 3.52% from the same period last year[6] - Basic earnings per share were CNY 0.2812, an increase of 3.84% compared to CNY 0.2708 in the same period last year[6] - The company's total revenue for the first quarter was approximately ¥572.56 million, with a slight decrease of 0.74% compared to the previous year[18] - Total operating revenue for Q1 2016 was CNY 888,917,150.73, an increase of 5.3% compared to CNY 841,824,870.94 in the same period last year[32] - The net profit for Q1 2016 reached CNY 42,995,165.43, representing a growth of 81.9% from CNY 23,604,918.32 in Q1 2015[37] - The total profit for Q1 2016 was CNY 57,326,887.24, compared to CNY 27,770,492.14 in Q1 2015, marking a growth of 106.5%[36] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -43,327,052.56, compared to CNY 295,902,932.51 in the previous year[6] - Cash received from operating activities decreased by 46.94% to 61,861,180.62 from 116,591,002.05, mainly due to the recovery of deposits and guarantees[13] - Total cash inflow from operating activities was 1,094,142,652.44 RMB, while cash outflow was 1,137,469,705.00 RMB, resulting in a net cash outflow from operating activities[40] - The net cash flow from operating activities was -43,327,052.56 RMB, a significant decrease compared to 295,902,932.51 RMB in the previous period, indicating a decline of approximately 114.6%[40] - The net cash flow from operating activities for the parent company was 114,461,066.53 RMB, down from 175,796,396.66 RMB, indicating a decline of approximately 34.8%[42] - The company experienced a total net decrease in cash and cash equivalents of -310,341,170.98 RMB during the period[41] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,550,736,459.29, a decrease of 1.68% compared to the end of the previous year[6] - Total liabilities decreased to CNY 726,218,092.04 from CNY 597,889,515.03, indicating an increase of 21.5%[30] - Cash and cash equivalents decreased to CNY 1.09 billion from CNY 1.33 billion at the beginning of the year[24] - Inventory decreased to CNY 843.61 million from CNY 918.63 million at the beginning of the year[24] - Long-term equity investments decreased to CNY 439.41 million from CNY 447.80 million at the beginning of the year[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,608[10] - The largest shareholder, Aokang Investment Holding Co., Ltd., held 131,231,000 shares, accounting for 32.73% of the total shares[10] - Employee stock ownership plan held 11.625 million shares, representing 2.90% of the total share capital[21] Expenses and Costs - Management expenses increased by 33.89% year-on-year, primarily due to increased employee compensation and consulting service fees[12] - Cash paid to employees increased by 56.65% to 121,832,886.10 from 77,776,259.69, attributed to higher employee compensation[13] - Cash paid for taxes rose by 39.98% to 113,643,350.23 from 81,183,947.21, primarily due to increased corporate income tax payments[13] - Total operating costs for Q1 2016 amounted to CNY 753,745,401.13, up 5.7% from CNY 713,079,550.38 in Q1 2015[32] Investment Activities - Investment income dropped by 82.98% to 1,498,557.60 from 8,805,909.16, primarily due to losses from investments and reduced income from financial products[13] - The company redeemed various financial products, achieving total earnings of 92.15 million, 72.28 million, and other amounts from different investments during the reporting period[14] - The company reported an investment income of CNY 5,209,435.62 in Q1 2016, down from CNY 8,115,512.30 in the same period last year[36] Operational Metrics - The gross profit margin for the main brand, Aokang, was reported at 35.15%, which is a decrease of 0.50 percentage points year-on-year[18] - The operating income for the brand Kanglong reached approximately ¥136.73 million, reflecting an increase of 4.66% compared to the previous year[18] - The operating cost for Aokang was approximately ¥371.32 million, showing a minor increase of 0.03% year-on-year[18] - Online sales generated CNY 92.11 million with a gross margin of 46.04%, reflecting a year-over-year decrease of 4.83 percentage points[19] - Offline sales amounted to CNY 789.51 million, with a gross margin of 34.89%, showing a slight decrease of 0.11 percentage points year-over-year[19] Corporate Governance - The company has pledged to minimize and regulate related party transactions to protect the interests of shareholders[16] - There are no significant changes in net profit expected compared to the same period last year[17] - The company has established a commitment to ensure that any related party transactions are conducted fairly and transparently[16] - The company will bear all losses incurred due to any issues with property rights during the lease period[16]