ENC(SH:603869)2015-04-29 16:00Financial Performance - Revenue for the reporting period was CNY 69.73 million, representing a year-on-year increase of 26.62% [6] - Net profit attributable to shareholders was CNY 3.17 million, with a year-on-year comparison deemed not applicable [6] - The weighted average return on net assets was 0.92%, with no applicable year-on-year comparison [6] - Total operating revenue for Q1 2015 reached ¥69,732,986.88, an increase of 26.7% compared to ¥55,071,074.00 in the same period last year [35] - Net profit for Q1 2015 was ¥3,183,442.42, a significant recovery from a net loss of ¥1,588,448.37 in Q1 2014 [36] - The company's operating revenue for Q1 2015 was CNY 62,017,895.60, an increase of 27% compared to CNY 48,817,969.83 in the same period last year [38] - The net profit for Q1 2015 reached CNY 6,355,131.79, compared to a net profit of CNY 1,789,137.67 in Q1 2014, representing a significant increase [39] - The operating profit for the current period was CNY 7,321,948.31, up from CNY 2,398,985.20 in the previous year, indicating a growth of approximately 205% [38] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 910.17 million, an increase of 48.64% compared to the end of the previous year [6] - Net assets attributable to shareholders of the listed company amounted to CNY 716.83 million, reflecting a growth of 53.76% year-on-year [6] - Current assets totaled ¥400,175,995.48, significantly higher than ¥109,359,070.82 at the start of the year [26] - Total liabilities reached ¥189,561,502.50, up from ¥146,274,821.94, marking an increase of 29.6% [32] - Shareholders' equity totaled ¥751,222,513.18, compared to ¥497,416,181.53 at the start of the year, reflecting a growth of 50.9% [32] Cash Flow - Operating cash flow for the period was CNY 3.51 million, up 50.04% compared to the same period last year [6] - Net cash flow from operating activities increased by 50.04% to ¥3,512,816.20 from ¥2,341,238.68, driven by significant growth in business volume [18] - Net cash flow from financing activities amounted to ¥300,607,721.25, a substantial increase from a negative ¥8,947,937.98 in the previous period, primarily due to funds raised and bank loans received [19] - The total cash flow from financing activities was CNY 300,607,721.25, compared to a negative cash flow of CNY 8,947,937.98 in the previous year [44] - The net cash flow from operating activities increased to $6,201,815.06, compared to a net outflow of -$5,162,600.10 in the previous period, marking a significant turnaround [45] Expenses - Sales expenses increased by 76.79% to ¥3,322,539.20 from ¥1,879,366.60, mainly due to higher design and promotion costs for health tourism products [18] - Management expenses rose by 60.66% to ¥15,879,190.18 from ¥9,883,808.89, largely due to increased costs associated with the company's IPO [18] - The company’s sales expenses increased to CNY 2,063,487.98 from CNY 1,041,253.34, reflecting a rise of approximately 98% [38] - Cash paid for employee compensation rose to $19,600,729.72 from $15,639,011.68, reflecting a 25.5% increase in personnel costs [45] - The company reported cash payments for taxes amounting to $7,157,588.53, up from $5,450,770.35, which is an increase of approximately 31.2% [45] Inventory and Receivables - Accounts receivable increased by 160.60% from the beginning of the period, mainly due to settlement payments made via bank acceptance bills [14] - Inventory grew by 37.93% from the beginning of the period, attributed to increased procurement of shipbuilding materials [15] - Inventory levels rose to ¥10,088,179.46 from ¥7,348,790.64, indicating a year-over-year increase of 37.5% [31] Prepayments and Other Payables - Prepayments increased by 83.78% from the beginning of the period, driven by the upcoming tourism peak season and an increase in advance ticket sales [16] - Other payables increased by 33.93% compared to the beginning of the period, mainly due to unpaid listing-related expenses [17] Shareholder Commitments - The company has commitments from major shareholders to not transfer or manage their shares for 36 months post-IPO [20] - The company is subject to a lock-up period extension of 6 months if the stock price falls below the IPO price for 20 consecutive trading days within the first 6 months post-IPO [20]