ENC(SH:603869)2016-04-25 16:00Financial Performance - Operating revenue decreased by 4.18% to CNY 66,818,194.45 year-on-year[7] - Net profit attributable to shareholders increased by 22.00% to CNY 3,866,944.20 compared to the same period last year[7] - Basic earnings per share decreased by 10.00% to CNY 0.018[8] - Diluted earnings per share also decreased by 10.00% to CNY 0.018[8] - Total operating revenue for the current period is ¥66,818,194.45, a decrease of 4.1% from ¥69,732,986.88 in the previous period[47] - Total operating costs decreased to ¥62,085,117.48 from ¥65,853,022.77, reflecting a reduction of 5.2%[47] - Operating profit increased to ¥4,944,764.05, up 21.3% from ¥4,078,419.98 in the previous period[48] - Net profit for the current period is ¥3,883,635.06, representing a 21.9% increase compared to ¥3,183,442.42 in the previous period[48] Cash Flow - Net cash flow from operating activities decreased significantly by 95.25% to CNY 166,927.38[7] - The net cash flow from operating activities for Q1 2016 was ¥4,215,310.51, a decrease of 32% compared to ¥6,201,815.06 in the same period last year[64] - Total cash inflow from operating activities was ¥60,437,265.81, down 10.5% from ¥67,488,147.07 in Q1 2015[64] - The total cash flow from operating activities outflow was ¥56,221,955.30, a decrease from ¥61,286,332.01 in Q1 2015[64] - Cash inflows from operating activities totaled ¥76,465,255.03, down 13.2% from ¥88,105,478.03 in the previous period[58] - Cash outflows for purchasing goods and services were ¥25,757,176.44, a decrease from ¥30,230,361.90[58] - The cash and cash equivalents at the end of Q1 2016 amounted to ¥167,609,481.82, compared to ¥326,048,002.70 at the end of the previous year, indicating a significant decrease[65] - The company reported a net increase in cash and cash equivalents of ¥10,249,936.41 for the quarter, compared to a much larger increase of ¥291,003,025.13 in the previous year[65] Assets and Liabilities - Total assets increased by 3.53% to CNY 959,410,916.61 compared to the end of the previous year[7] - Current liabilities rose to CNY 161,684,858.07 from CNY 132,029,474.96, reflecting an increase of approximately 22.5%[37] - Total liabilities increased to CNY 184,163,720.76 from CNY 154,696,226.51, representing a growth of approximately 19.0%[38] - Owner's equity totaled CNY 775,247,195.85, up from CNY 771,970,291.87, indicating a slight increase of about 0.4%[38] - Non-current assets totaled CNY 602,804,183.35, up from CNY 587,759,408.67, indicating an increase of about 2.3%[36] Shareholder Information - The total number of shareholders reached 24,362 at the end of the reporting period[14] - The largest shareholder, Xin'ao Energy Supply Chain Co., Ltd., holds 56.40% of the shares[14] - A lock-up period of 36 months is in place for major shareholders, during which they cannot transfer or delegate their shares[25] - The company reported a commitment to not sell shares acquired during the first six months post-IPO, with any gains from such sales to be retained by the company[25] - Shareholders are required to notify the company in writing of any intended share sales, which must be publicly announced three trading days prior to the sale[26] Strategic Initiatives - The company is planning a major asset restructuring project to acquire 100% equity of Bokan Intelligent, with application materials submitted to the CSRC for review[22] - The company has signed a strategic cooperation framework agreement with the Pingyang government in Wenzhou to develop tourism on Nanji Island, with plans to operate routes from Aojiang to Nanji Island[23] - The company has committed to avoiding any business activities that may compete with its tourism operations in the Beibu Gulf region[28] - The company has prioritized the right to acquire any new technologies or products related to its operations in the Beibu Gulf region[28] Other Financial Metrics - Non-recurring gains and losses totaled CNY 100,598.38 for the period[12] - The company reported a decrease in weighted average return on net assets from 0.68% to 0.54%[7] - The company reported a decrease in employee compensation payable from CNY 8,250,829.39 to CNY 2,458,576.36, a reduction of approximately 70.2%[37] - Management expenses decreased significantly to ¥10,159,122.07 from ¥15,879,190.18, a reduction of 36.1%[47] - Investment income increased to ¥211,687.08 from ¥198,455.87, reflecting a growth of 6.1%[47]