SGEG(SH:601616)2016-04-27 16:00Financial Performance - Operating revenue for the period was CNY 168,013,741.74, reflecting a growth of 5.24% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 15,373,705.15, a decrease of 700.48% compared to the previous year's profit[6] - Basic earnings per share were reported at -0.0152 CNY, a decline of 500.00% compared to the previous year[6] - The company reported non-recurring gains of CNY 1,173,334.64 for the period[8] - The company anticipates a potential cumulative net loss by the end of the next reporting period due to a prolonged market downturn and intensified competition in the power distribution equipment sector[23] - Total operating revenue for Q1 2016 was CNY 168,013,741.74, an increase of 5.6% from CNY 159,642,732.02 in the same period last year[34] - Net profit for Q1 2016 was a loss of CNY 14,354,113.94, compared to a profit of CNY 4,321,919.64 in Q1 2015, indicating a significant decline[36] - The company recorded a total comprehensive loss of CNY 14,405,726.89 for Q1 2016, compared to a comprehensive income of CNY 4,484,077.77 in Q1 2015[36] Cash Flow and Liquidity - Cash flow from operating activities increased significantly to CNY 6,740,205.37, up 263.29% from the same period last year[6] - Cash and cash equivalents increased by 35.27% to ¥439,534,538.26 due to higher net cash inflow from operating activities and the maturity of financial investments[13] - The net cash flow from operating activities for Q1 2016 was ¥6,740,205.37, a significant increase from ¥1,855,338.56 in the previous year, representing a growth of approximately 263%[43] - The total cash inflow from investment activities was ¥126,700,670.77, compared to ¥47,169,511.95 in the same period last year, indicating a growth of about 168%[43] - The total cash and cash equivalents at the end of the period amounted to ¥428,531,104.79, compared to ¥302,365,395.36 at the end of the previous year, reflecting a growth of about 42%[44] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,011,124,275.87, an increase of 0.43% compared to the end of the previous year[6] - Current assets totaled CNY 1,831,233,738.14, slightly up from CNY 1,815,037,186.89, indicating a growth of about 0.89%[27] - Total liabilities rose to CNY 497,373,919.35 from CNY 460,633,213.34, reflecting an increase of approximately 7.4%[29] - Owner's equity decreased to CNY 2,513,750,356.52 from CNY 2,537,681,083.41, a decline of about 0.9%[29] - Non-current assets totaled CNY 1,179,890,537.73, down from CNY 1,183,277,109.86, indicating a decrease of approximately 0.3%[28] Shareholder Information - The number of shareholders at the end of the reporting period was 61,975[11] - The largest shareholder, Xinyu Minjie Investment Management Co., Ltd., held 14.04% of the shares, totaling 131,253,000 shares[11] - The company’s major shareholder Zhao Shuwen holds 16.72% of the total issued shares after inheriting 13,125,300 shares from the dissolution of the controlling shareholder[16] Research and Development - Development expenditures rose by 31.98% to ¥25,798,463.93 reflecting increased investment in research and development[13] - The company has increased its research and development spending, reflecting a strategic focus on innovation and product development[13] Management and Governance - The company has undergone a change in legal representative, with Huo Songrong appointed as the new chairman[15] - The company has committed to avoiding any illegal occupation of funds and assets, ensuring compliance with market principles in related transactions[20] Operational Costs - Total operating costs rose to CNY 196,652,641.72, up 17.8% from CNY 166,922,313.74 year-over-year[35] - Sales expenses increased to CNY 19,349,540.69, up 18.5% from CNY 16,305,486.79 year-over-year[35] - Management expenses rose to CNY 43,611,885.41, an increase of 10.5% from CNY 39,692,064.36 in the previous year[35]