GUILIN FUDA (SH:603166)2016-04-28 16:00Financial Performance - Operating revenue for the period was CNY 250,620,662.32, representing an increase of 4.74% year-on-year[6]. - Net profit attributable to shareholders was CNY 11,173,783.33, up 61.27% from the previous year[6]. - Basic earnings per share increased by 43.75% to CNY 0.023 compared to CNY 0.016 in the same period last year[6]. - Operating profit rose by 81.78% to ¥6,557,985.27 from ¥3,607,597.48, driven by increased operating income and gross profit[15]. - Total profit increased by 68.66% to ¥12,637,018.29 from ¥7,492,435.93, reflecting the overall growth in operating income and gross profit[15]. - Net profit for Q1 2016 reached CNY 11,173,783.33, representing a significant increase of 60.5% from CNY 6,928,479.70 in Q1 2015[30]. - Total operating revenue for Q1 2016 was CNY 250,620,662.32, an increase of 4.9% compared to CNY 239,275,831.61 in the same period last year[29]. Cash Flow - Cash flow from operating activities improved by 48.62%, with a net outflow of CNY 23,753,253.49 compared to CNY 46,230,456.47 in the previous year[6]. - Cash inflow from investment activities totaled CNY 182,975,537.19, while cash outflow was CNY 667,756,655.37, resulting in a net cash outflow of CNY 484,781,118.18[34]. - Cash flow from financing activities generated a net inflow of CNY 69,625,359.97, down from CNY 115,671,195.08 in the previous year[34]. - Cash flow from operating activities showed a net outflow of CNY 23,753,253.49, an improvement from a net outflow of CNY 46,230,456.47 in the previous year[33]. - Net cash flow from operating activities was -$58.14 million, compared to -$13.86 million in the previous year, indicating a significant decline[37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,537,150,286.18, a decrease of 1.32% compared to the end of the previous year[6]. - The company's current assets totaled CNY 1,749,705,192.42, down from CNY 1,766,021,872.43 at the beginning of the year, reflecting a decrease of approximately 0.93%[21]. - Total liabilities decreased to CNY 1,501,379,843.74 from CNY 1,560,008,945.88, reflecting a decline of approximately 3.77%[23]. - The company's equity attributable to shareholders increased to CNY 2,035,770,442.44 from CNY 2,024,596,659.11, showing a slight increase of about 0.86%[23]. - The company's cash and cash equivalents decreased to CNY 681,958,261.98 from CNY 800,865,874.72, representing a decline of about 15%[21]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,478[11]. - The largest shareholder, Guilin Fuda Group Co., Ltd., held 68.51% of the shares[11]. Non-Recurring Items - Non-recurring gains and losses amounted to CNY 5,759,058.24, primarily from government subsidies and other non-operating income[10]. Operational Costs - Total operating costs for Q1 2016 were CNY 245,496,405.72, up from CNY 235,668,234.13, reflecting a year-over-year increase of 4.0%[29]. - Financial expenses decreased by 46.13% to ¥7,902,368.47 from ¥14,670,274.39, attributed to the repayment of bank loans and increased interest income from financial products[15]. - Payments to employees increased to $16.62 million from $13.82 million, reflecting higher labor costs[37]. Future Plans - The company plans to use the proceeds from its non-public offering for projects including the addition of 5,000 marine engine crankshafts and product upgrades[20]. - Management indicated plans for future market expansion and potential new product development, although specific details were not disclosed in the report[31].