Linewell(SH:603636)2016-04-26 16:00Financial Performance - Operating revenue for the period was CNY 29,007,877.30, representing a significant increase of 92.12% year-on-year[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 12,255,865.14, a decline of 284.98% compared to the same period last year[6] - Basic earnings per share were CNY -0.1226, a decrease of 285.53% year-on-year[6] - The net profit for Q1 2016 was -¥12,504,593.19, a 252.75% decline from -¥3,544,850.95 in the previous year, primarily due to losses in trading financial assets[13] - The operating profit for the current period was a loss of ¥20,386,952.23, worsening from a loss of ¥10,900,230.08 in the previous period[29] - The total comprehensive loss for the current period was ¥12,504,593.19, compared to a loss of ¥3,544,850.95 in the previous period, reflecting a worsening financial position[30] Cash Flow - The net cash flow from operating activities was CNY -43,662,843.91, an improvement of 47.33% compared to the previous year[6] - Cash inflows from operating activities totaled ¥112,588,559.96, up from ¥58,894,849.70 in the previous period, reflecting a growth of approximately 91.1%[34] - Total cash inflow from operating activities was 125,926,900.82 RMB, up 69.2% from 74,376,901.16 RMB year-over-year[37] - Cash flow from investing activities net amount was -163,197,416.23 RMB, slightly improved from -175,091,691.30 RMB year-over-year[37] - The company reported a cash outflow of 9,209,016.36 RMB in financing activities, compared to an inflow of 5,707,235.27 RMB in the same period last year[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,228,051,990.60, a decrease of 0.34% compared to the end of the previous year[6] - Total liabilities increased to CNY 369,938,172.77 from CNY 342,194,244.34, reflecting a growth of approximately 8.2%[28] - The company's total liabilities decreased by 60.13% in other payables, down to ¥10,178,157.55 from ¥25,526,565.49, mainly due to the recovery of margin deposits[13] - The company's cash and cash equivalents decreased to CNY 223,762,368.22 from CNY 394,753,309.88, a decline of approximately 43.3%[26] - The total owner's equity as of March 31, 2016, was CNY 870,578,755.49, down from CNY 877,487,505.90, a decline of approximately 0.9%[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,728[10] - The largest shareholder, Wu Zhixiong, held 57,404,250 shares, accounting for 57.50% of the total shares[11] - The company has committed to a share buyback plan not exceeding 20% of the previous year's audited net profit attributable to shareholders[19] - The controlling shareholder's proposed share increase is capped at 100% of the cash dividends received from the issuer in the previous year, not exceeding ¥10 million[19] Government Support and Subsidies - The company received government subsidies amounting to CNY 758,750.00 during the reporting period[9] Inventory and Current Assets - Inventory increased to ¥240,795,372.49, up from ¥196,501,073.48, reflecting an increase of approximately 22.5%[22] - Total current assets were reported at ¥1,003,302,266.12, slightly down from ¥1,015,581,845.30, a decrease of about 1.5%[22] - The company reported a significant increase in other current assets, which rose by 814.45% to ¥188,541,912.16, mainly due to increased purchases of financial products[13] Financial Ratios and Metrics - The weighted average return on net assets was -1.45%, down 1.06 percentage points from the previous year[6] - The company's financial expenses improved by 61.21%, with a net financial income of -¥1,082,993.68 compared to -¥2,791,667.27 in the previous year, mainly due to reduced interest income[13]