JDM(SH:603088)2016-04-28 16:00Financial Performance - Revenue decreased by 6.82% to CNY 46,951,897.61 from CNY 50,389,922.20 year-on-year[6] - Net profit attributable to shareholders dropped by 75.77% to CNY 1,878,153.74, down from CNY 7,750,874.75 in the previous year[6] - Basic and diluted earnings per share fell by 80.00% to CNY 0.02 from CNY 0.10 year-on-year[6] - The weighted average return on equity decreased by 1.29 percentage points to 0.41%[6] - The company reported no significant changes in net profit compared to the same period last year, indicating stable financial performance[32] - The operating profit for Q1 2016 was CNY 4,385,883.44, a decline of 48.0% compared to CNY 8,435,745.45 in Q1 2015[43] - The total profit for Q1 2016 was CNY 2,951,945.02, down 67.6% from CNY 9,118,676.18 in Q1 2015[43] Cash Flow - Operating cash flow turned positive with a net amount of CNY 8,309,391.67, a significant recovery from a negative CNY 19,975,166.08 in the same period last year[6] - Cash inflows from operating activities totaled CNY 51,379,746.61, an increase from CNY 33,353,432.85 in Q1 2015[46] - Cash outflow from operating activities was ¥40,985,759.80, compared to ¥53,328,598.93 in the previous year, showing a reduction in cash outflow[50] - The net cash flow from operating activities for Q1 2016 was ¥9,041,134.39, a significant improvement compared to the previous year's loss of ¥19,975,166.08[50] - Cash inflow from investment activities totaled ¥104,393,648.80, compared to ¥18,135,691.23 in the same period last year, indicating a substantial increase[50] - The company received ¥100,600,000.00 from investment recoveries, a significant increase from ¥18,000,000.00 in the previous year[50] Assets and Liabilities - Total assets increased by 2.35% to CNY 582,752,002.11 compared to the end of the previous year[6] - Non-current assets totaled CNY 256,146,744.61, down from CNY 261,070,052.11 at the beginning of the year, reflecting a decrease of 1.5%[38] - Total current assets grew from ¥308,618,402.29 to ¥329,235,403.18, marking an increase of approximately 6.66%[33] - Current liabilities rose to CNY 99,916,352.34, up from CNY 90,098,238.00, indicating an increase of 10.1%[39] - Total liabilities amounted to CNY 112,896,834.11, compared to CNY 103,358,706.65, marking an increase of 9.4%[39] - Owner's equity reached CNY 460,458,225.66, up from CNY 457,949,072.39, reflecting a growth of 1.1%[39] Shareholder Information - The total number of shareholders reached 8,525 at the end of the reporting period[10] - The largest shareholder, Ningbo Forming Holdings Co., Ltd., holds 33.08% of the shares, totaling 26,460,000 shares[11] - The company has implemented measures to stabilize stock prices, including share buybacks and potential increases in shareholding by major shareholders[21] - Major shareholders are restricted from reducing their holdings in the secondary market for six months following the announcement of the stabilization measures[30] Expenses - Total operating costs for Q1 2016 were CNY 44,329,847.28, an increase of 5.4% from CNY 41,977,367.98 in the previous period[40] - The company incurred management expenses of CNY 8,765,372.94, up from CNY 8,143,804.66 in the previous year, reflecting a 7.6% increase[43] - Sales expenses for Q1 2016 were CNY 3,223,993.41, slightly higher than CNY 3,216,566.36 in the same period last year[43] - Tax expenses decreased by 67.63% to $442,791.75, primarily due to a reduction in profits leading to lower taxable income[14] - Other operating expenses increased by 31.07% to $7.68 million, reflecting higher payments related to operational activities[14] Investment Activities - Total cash received from investment redemption increased by 458.89% to $100.6 million, primarily due to the redemption of bank wealth management products[15] - Investment income rose significantly by 2,470.17% to $596,052.93, attributed to the returns from purchased bank wealth management products[14] - Cash paid for investment activities increased significantly by 515.00% to $110.7 million, primarily due to increased purchases of bank wealth management products[15]