BYE(SH:603861)2016-04-29 16:00Financial Performance - Revenue for the period was CNY 272,554,040.97, representing a 2.77% increase year-on-year[6] - Net profit attributable to shareholders was CNY 23,441,825.12, up 10.72% from the previous year[6] - Basic earnings per share decreased by 11.35% to CNY 0.0711[6] - The company's investment income showed a loss of ¥826,607.94, worsening by 47.26% compared to a loss of ¥561,322.08 in the previous period, mainly due to reduced profits from joint ventures[14] - The net profit for Q1 2016 was CNY 25,582,845.10, down 11.99% from CNY 28,886,814.59 in Q1 2015[23] Assets and Liabilities - Total assets increased by 19.23% to CNY 2,668,202,727.21 compared to the end of the previous year[6] - The total liabilities rose to CNY 903,979,761.29, compared to CNY 876,979,289.56 in the previous year[22] - The company's total equity increased to CNY 1,764,222,965.92 from CNY 1,360,928,019.86 year-over-year[22] - Cash and cash equivalents increased by 134.94% to ¥504,335,985.57 from ¥214,662,903.73, primarily due to the successful fundraising from the initial public offering[12] Cash Flow - Operating cash flow showed a significant decline, with a net cash flow of -CNY 153,626,547.66, a decrease of 135.49% compared to the same period last year[6] - Operating cash flow for Q1 2016 was negative at CNY -153,626,547.66, compared to CNY -65,237,010.65 in the same period last year[24] - Net cash flow from financing activities increased significantly by 99602.56% to ¥486,285,436.14 from ¥487,736.17, primarily due to the inflow of funds from the initial public offering[15] Shareholder Information - The total number of shareholders reached 44,656 at the end of the reporting period[10] - The top three shareholders each hold 17.60% of the shares, totaling 72,003,672 shares[10] Expenses and Prepayments - The company's financial expenses decreased by 40.73% to ¥1,974,655.95 from ¥3,331,851.53, mainly due to lower interest rates and reduced loan amounts[14] - Prepayments rose by 68.03% to ¥118,240,247.58 from ¥70,370,556.42, mainly due to increased procurement prepayments[12] - Operating expenses decreased, with sales expenses at CNY 19,422,957.65, down from CNY 21,223,792.88 in the previous year[22] Other Financial Metrics - The weighted average return on equity fell by 20.25% to 1.8623%[6] - Non-recurring gains and losses amounted to CNY 2,141,019.98 for the period[9] - Long-term deferred expenses surged by 238.00% to ¥8,617,991.92 from ¥2,549,669.16, attributed to factory renovation costs[12] - Other receivables increased by 55.18% to ¥39,442,318.25 from ¥25,417,897.53, primarily due to an increase in bid guarantee deposits[12] - Short-term borrowings rose by 50.01% to ¥209,980,000.00 from ¥139,980,000.00, mainly due to new borrowings during the period[12] Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[4]