COPTON(SH:603798)2016-05-09 16:00Financial Performance - Revenue for the first quarter was CNY 203,329,702.49, a 10.47% increase year-on-year[5] - Net profit attributable to shareholders increased by 10.42% to CNY 30,562,483.70 compared to the same period last year[5] - Basic earnings per share decreased by 16.22% to CNY 0.31 compared to the same period last year[5] - The weighted average return on equity decreased by 4.37 percentage points to 5.93% compared to the same period last year[5] - Total operating revenue for Q1 2016 was CNY 203,329,702.49, an increase of 10.5% compared to CNY 184,064,634.39 in Q1 2015[33] - Total operating costs for Q1 2016 were CNY 167,837,117.66, up 10.5% from CNY 151,979,772.21 in the same period last year[33] - Operating profit for Q1 2016 reached CNY 35,492,584.83, representing a 10.5% increase from CNY 32,084,862.18 in Q1 2015[33] - Net profit for Q1 2016 was CNY 30,562,483.70, a rise of 10.4% compared to CNY 27,677,616.10 in Q1 2015[34] - Total profit for Q1 2016 was CNY 37,380,944.91, compared to CNY 33,049,599.18 in Q1 2015, marking an increase of 13.1%[36] Asset and Equity Growth - Total assets increased by 78.02% to CNY 924,402,003.09 compared to the end of the previous year[5] - Net assets attributable to shareholders increased by 104.96% to CNY 692,448,187.62 compared to the end of the previous year[5] - Total current assets increased to ¥679,156,330.13 from ¥283,122,213.92, representing a growth of 139.9%[23] - Total non-current assets amounted to ¥245,245,672.96, up from ¥236,156,268.06, a rise of 3.1%[24] - Total equity increased to ¥692,448,187.62 from ¥337,852,653.92, representing a growth of 105.5%[25] Cash Flow and Liquidity - Operating cash flow increased by 166.42% to CNY 64,893,592.80 for the first quarter compared to the same period last year[5] - Cash and cash equivalents increased by 397.22% to ¥569,222,108.82 due to funds raised from the public offering of common stock[14] - The company reported a significant increase in cash inflow from operating activities, totaling CNY 218,178,854.60 in Q1 2016, compared to CNY 201,091,575.02 in Q1 2015[38] - The net cash flow from operating activities was -233,865,414.98 RMB, compared to 26,811,551.41 RMB in the previous period, indicating a significant decline in operational cash generation[41] - Total cash inflow from financing activities amounted to 340,038,891.52 RMB, while cash outflow was 516,805.54 RMB, resulting in a net cash flow of 339,522,085.98 RMB from financing activities[41] Shareholder Information - The total number of shareholders reached 22,447 at the end of the reporting period[11] - The top shareholder, Qingdao Lubang Petrochemical Co., Ltd., holds 29.69% of the shares[11] Liabilities and Expenses - Long-term borrowings increased by 57.40% to ¥52,553,074.00, reflecting additional loans for construction projects[14] - Total liabilities increased to ¥231,953,815.47 from ¥181,425,828.06, a growth of 27.8%[25] - Sales expenses rose by 35.58% to ¥16,484,787.01, primarily due to increased advertising costs[15] Regulatory and Compliance Commitments - The company committed not to transfer or entrust the management of its shares in Qingdao Compton Technology Co., Ltd. for 36 months from the date of listing[16] - The company will stabilize the stock price if it falls below the net asset value per share for 20 consecutive trading days within three years post-IPO, including potential share buybacks[17] - The company assures that it will not harm the legal rights of minority shareholders of Qingdao Compton Technology Co., Ltd. through its controlling position[19] - The company will strictly comply with national laws and regulations, ensuring no direct or indirect competition with Compton and its controlled enterprises[19] Other Financial Metrics - The company reported non-recurring gains of CNY 403,112.68 during the reporting period[8] - The company reported a total cash and cash equivalents balance of 269,527,500.48 RMB at the end of the period, up from 110,380,383.18 RMB in the previous period, reflecting a net increase of 107,487,509.27 RMB[41] - The company paid 16,559,206.91 RMB in taxes during the period, up from 13,962,356.50 RMB in the previous period, indicating higher tax obligations[41]