WEIMING(SH:603568)2016-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 17.92% to CNY 82,791,033.79 year-on-year[5] - Operating revenue increased by 1.09% to CNY 164,849,158.71 compared to the same period last year[5] - Basic and diluted earnings per share increased by 5.88% to CNY 0.18 per share[5] - Total operating revenue for Q1 2016 was CNY 164,849,158.71, a slight increase from CNY 163,069,175.85 in the previous period, representing a growth of approximately 1.09%[33] - Net profit for Q1 2016 was CNY 82,791,033.79, up from CNY 70,212,176.17 in the same period last year, indicating an increase of approximately 17.93%[34] - Total comprehensive income for the period was CNY 82,791,033.79, compared to CNY 70,212,176.17 in the previous period[38] - Basic and diluted earnings per share for Q1 2016 were both CNY 0.18, up from CNY 0.17 in the previous year[38] Assets and Liabilities - Total assets increased by 4.85% to CNY 3,170,200,110.09 compared to the end of the previous year[5] - The company's current assets totaled CNY 635,598,801.94, up from CNY 571,721,639.11 at the beginning of the year, reflecting a growth of approximately 11.5%[26] - Non-current assets reached CNY 2,534,601,308.15, slightly up from CNY 2,451,815,288.23, showing a growth of about 3.4%[27] - The total liabilities decreased from CNY 232,858,767.81 to CNY 219,732,110.42, a reduction of approximately 5.6%[27] - Total liabilities were CNY 100,513,867.42, a decrease from CNY 104,283,470.30, representing a decline of approximately 3.69%[32] Cash Flow - Cash flow from operating activities decreased significantly by 72.74% to CNY 22,770,602.38[5] - Operating cash flow net amount decreased by 72.74% from CNY 83,540,627.23 to CNY 22,770,602.38 due to increased tax payments and bid guarantees[13] - The net cash flow from operating activities for the first quarter of 2016 was -25,292,832.27 RMB, a significant decrease compared to 2,857,146.42 RMB in the same period last year[43] - Total cash inflow from operating activities was 28,506,171.84 RMB, down 28.5% from 39,915,851.13 RMB year-over-year[43] - Cash outflow from operating activities increased to 53,799,004.11 RMB, up 45.3% from 37,058,704.71 RMB in the previous year[43] Shareholder Information - The total number of shareholders reached 21,057 at the end of the reporting period[10] - The largest shareholder, Weiming Group Co., Ltd., holds 44.84% of the shares[10] - The company committed to not transferring or repurchasing shares held prior to the IPO for 36 months from the listing date[16] - If the stock price falls below the IPO price for 20 consecutive trading days within 6 months post-IPO, the lock-up period will be extended by 6 months[16] - Shareholders are restricted to transferring no more than 25% of their shares annually after the lock-up period expires[16] Investments and Subsidiaries - The company approved an investment of up to CNY 150 million for the expansion of the Cangnan waste incineration power plant[13] - The company established a new subsidiary, Weiming Environmental Technology Co., Ltd., with a registered capital of CNY 50 million for technology research and services[14] - The company signed a concession agreement for the Cangnan waste incineration power plant expansion project on January 8, 2016[14] Other Financial Metrics - Financial expenses decreased by 50.30% from CNY 26,110,458.17 to CNY 12,975,622.34 due to reduced bank loans and lower interest rates[13] - The company’s other income increased by 220.11% from CNY 6,391,113.16 to CNY 20,458,330.03 due to changes in VAT refund policies[13] - The company received government subsidies recognized as deferred income amounting to CNY 1,425,015.07[6] - Non-recurring gains and losses included a total of CNY 1,421,849.73 from various sources[6]