CHIC(SH:601608)2016-04-27 16:00Financial Performance - Operating revenue for the period was ¥1,053,133,766.42, representing a decrease of 22.92% year-on-year[6] - Net profit attributable to shareholders was ¥5,173,105.15, down 94.63% from the previous year[6] - Basic earnings per share decreased by 96.58% to ¥0.0012 compared to ¥0.0351 in the previous year[6] - The company reported a significant decline in net profit attributable to shareholders after deducting non-recurring gains and losses, which was -¥21,890,642.86, compared to a profit of ¥55,016,200.31 in the previous year[6] - Total operating revenue for Q1 2016 was CNY 1,053,133,766.42, a decrease of 22.9% compared to CNY 1,366,265,284.72 in the same period last year[28] - Net profit for Q1 2016 was CNY 8,527,737.37, a significant decline from CNY 96,301,150.15 in Q1 2015[29] - The company reported a loss of CNY 12,495,950.68 in operating profit for Q1 2016, compared to a profit of CNY 81,414,406.87 in the previous year[29] - Total profit for Q1 2016 was CNY 870,330.31, a significant decrease compared to CNY 73,954,986.63 in the previous period[33] - Net profit for Q1 2016 was CNY 792,010.32, down from CNY 64,213,654.72 year-over-year[33] Assets and Liabilities - Total assets at the end of the reporting period reached ¥21,027,418,695.77, an increase of 1.27% compared to the previous year[6] - The company's total assets amounted to CNY 21,027,418,695.77, an increase from CNY 20,764,515,545.72 at the beginning of the year, reflecting a growth of approximately 1.27%[24] - The company's cash and cash equivalents decreased to CNY 3,884,555,804.20 from CNY 5,224,043,996.59, representing a decline of about 25.7%[22] - Accounts receivable increased to CNY 2,942,722,817.11 from CNY 2,432,916,488.65, showing a growth of approximately 20.9%[22] - Inventory rose to CNY 4,613,335,834.74 from CNY 4,512,308,817.88, indicating an increase of about 2.2%[22] - Total liabilities reached CNY 12,156,552,418.48, up from CNY 11,976,948,875.96, which is an increase of about 1.5%[24] - The company's total liabilities reached CNY 10,271,940,016.35, compared to CNY 10,133,439,918.33 in Q1 2015[27] - Current liabilities increased to CNY 7,895,470,150.79 in Q1 2016 from CNY 7,722,585,262.29 in the same period last year[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 134,368[9] - The largest shareholder, China CITIC Limited, holds 60.49% of the shares, totaling 2,624,901,147 shares[9] Cash Flow - The net cash flow from operating activities was -¥183,244,634.70, an improvement from -¥382,621,204.32 in the same period last year[6] - Cash inflow from operating activities totaled CNY 811,740,598.02, compared to CNY 1,024,375,406.25 in the previous year[36] - Cash outflow from investing activities was CNY 1,247,092,761.74, significantly higher than CNY 202,526,232.10 in the previous period[36] - Cash inflow from financing activities was CNY 2,764,612,000.00, an increase from CNY 1,218,738,800.00 year-over-year[37] - The net cash flow from financing activities was CNY -142,785,114.38, compared to CNY 3,940,249.76 in the previous year[37] - The ending cash and cash equivalents balance was CNY 3,873,137,104.82, slightly up from CNY 3,731,820,277.34 in the previous period[37] Investments and Acquisitions - Investment payments totaled ¥1,163,600,000.00, indicating new investment activities[13] - The company completed the cash payment of ¥530 million for the acquisition of 80% equity in Tangshan Kaicheng[14] - The registered capital increased from ¥4,110,000,000 to ¥4,339,419,293 following the acquisition[14] - The company plans to raise funds not exceeding 100% of the acquisition price to support the purchase and operational funding of Tangshan Kaicheng[14] Other Financial Metrics - The weighted average return on net assets decreased by 1.16 percentage points to 0.06%[6] - Non-recurring gains and losses amounted to ¥27,063,748.01 for the period[7] - Tax payable rose by 111.26% to ¥81,212,707.73, indicating an increase in tax obligations[11] - Cash received from tax refunds decreased by 60.49% to ¥19,213,598.00 compared to the previous year[13] - The company's equity attributable to shareholders decreased slightly to CNY 8,767,419,997.06 from CNY 8,787,566,669.76, reflecting a decrease of approximately 0.23%[24] Compliance and Governance - The company has committed to fair and reasonable transactions with its controlling shareholder, ensuring compliance with relevant laws and regulations[21] - The company continues to focus on maintaining its brand integrity by restricting trademark usage to its subsidiaries only[21] Future Outlook - The company reported a net profit warning for the upcoming reporting period, indicating potential losses or significant changes compared to the previous year[18]