CZTL(SH:603158)2016-04-18 16:00Financial Performance - Operating revenue decreased by 3.86% to CNY 163,324,820.26 year-on-year[6] - Net profit attributable to shareholders increased by 12.41% to CNY 28,792,744.73 compared to the same period last year[6] - Basic earnings per share decreased by 15.63% to CNY 0.27 compared to the previous year[6] - The weighted average return on equity decreased by 3.49 percentage points to 3.64%[6] - Total operating revenue for Q1 2016 was ¥163,324,820.26, a decrease of 3.09% from ¥169,884,017.86 in the previous period[29] - Total revenue for Q1 2016 was CNY 93,197,781.94, a decrease of 8.1% compared to CNY 101,855,381.90 in the same period last year[31] - Net profit for Q1 2016 reached CNY 29,361,077.42, up 12.9% from CNY 26,208,070.28 in Q1 2015[30] - Operating profit for Q1 2016 increased to ¥35,473,257.28, up 18.06% from ¥29,934,285.59 in the previous period[29] Cash Flow - Cash flow from operating activities decreased by 29.85% to CNY 22,703,126.22 year-on-year[6] - Cash flow from operating activities was CNY 22,703,126.22, a decline of 29.9% from CNY 32,365,481.28 in the same quarter last year[34] - Investment activities generated a net cash inflow of CNY 14,940,169.41, compared to a net outflow of CNY 10,883,937.19 in the previous year[35] - Financing activities resulted in a net cash outflow of CNY 6,024,101.25, contrasting with a net inflow of CNY 304,943,060.37 in Q1 2015[35] - Net cash flow from operating activities was -¥1,015,446.34, compared to ¥35,865,070.67 in the same period last year[37] Assets and Liabilities - Total assets increased by 3.92% to CNY 988,546,100.69 compared to the end of the previous year[6] - Current assets increased to CNY 727,751,745.71 from CNY 713,871,449.72, with cash and cash equivalents rising to CNY 146,337,641.78 from CNY 113,117,394.46[21] - The total liabilities of the company were not explicitly stated, but accounts payable increased to CNY 100,829,086.07 from CNY 94,794,627.32[21] - Total liabilities as of March 31, 2016, were ¥104,098,295.71, up from ¥81,628,333.28 at the beginning of the year[25] Shareholder Information - The total number of shareholders reached 10,266 at the end of the reporting period[12] - The largest shareholder, Tenglong Technology Group Co., Ltd., holds 51.0% of the shares, with 54,400,000 shares pledged[12] Operational Changes - Prepayments increased by 84.76% to ¥4,961,907.50 due to higher material advance payments during the reporting period[14] - Other receivables rose by 33.47% to ¥2,882,899.75, primarily due to increased operational transactions[14] - Construction in progress increased by 66.39% to ¥63,488,368.90, attributed to the construction of new factories[14] - Long-term deferred expenses surged by 193.42% to ¥2,951,478.44, mainly due to workshop decoration costs[14] - Short-term borrowings decreased by 66.67% to ¥3,000,000.00 as a result of loan repayments during the period[14] Regulatory and Compliance - The company has committed to not engaging in competitive activities that may harm its interests, ensuring fair transactions with related parties[18] - The company plans to maintain a lock-up period for its shares for 12 months post-IPO, with specific conditions for share reduction thereafter[18] - There is a commitment to cover any potential losses related to employee social insurance and housing fund contributions[18] - The company has indicated that it will adhere to legal and regulatory requirements in its related party transactions to protect its interests[18] - The financial report does not indicate any significant changes in net profit expectations compared to the previous year[18] Expense Management - Sales expenses decreased to CNY 2,913,192.51, a reduction of 13.8% compared to CNY 3,379,472.84 in the previous year[32] - Management expenses increased to CNY 8,751,448.40, up 26.4% from CNY 6,923,958.24 in Q1 2015[32] - Operating tax and additional charges rose by 61.08% to ¥1,477,390.11, mainly due to increased VAT and corresponding additional taxes[15] - Financial expenses decreased by 150.78% to -¥2,359,027.05, primarily due to reduced exchange losses and interest expenses[15]