First(SH:603806)2016-04-27 16:00Financial Performance - Operating revenue rose by 21.45% to CNY 896,750,656.36 year-on-year[8] - Net profit attributable to shareholders increased by 47.46% to CNY 159,721,407.17 compared to the same period last year[8] - Basic earnings per share increased by 48.15% to CNY 0.40[8] - Revenue increased by 158.40 million yuan, a growth of 21.45%, primarily due to the expanded sales of the main products EVA film and backsheet[16] - Net profit attributable to shareholders increased by 47.46% compared to the same period last year, benefiting from a decrease in the average procurement price of EVA resin[20] - Total operating revenue for Q1 2016 was CNY 896,750,656.36, an increase of 21.5% compared to CNY 738,353,798.54 in the same period last year[45] - Net profit attributable to the parent company reached CNY 159,721,407.17, up 47.4% from CNY 108,311,418.81 in Q1 2015[46] - The total comprehensive income for Q1 2016 was approximately ¥160.06 million, compared to ¥108.31 million in Q1 2015[47] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash outflow of CNY -5,650,602.05 compared to CNY -192,545,928.89 in the previous year[8] - Cash flow from operating activities increased by 186.90 million yuan, mainly due to improved sales strategies and enhanced collection efforts from downstream customers[16] - Cash flow from investing activities increased by 574.04 million yuan, primarily due to the redemption of idle funds[17] - Cash flow from operating activities showed a net outflow of approximately ¥5.65 million, an improvement from a net outflow of ¥192.55 million in Q1 2015[52] - Net cash flow from operating activities was negative at approximately -$19.02 million, an improvement from -$182.39 million in the prior period[54] Assets and Liabilities - Total assets increased by 1.95% to CNY 4,929,424,207.63 compared to the end of the previous year[8] - The company's total current assets increased to CNY 4,166,637,166.43 as of March 31, 2016, compared to CNY 4,133,969,814.17 at the beginning of the year, reflecting a growth of approximately 0.79%[38] - Total liabilities decreased to CNY 482,320,173.77 from CNY 547,361,741.17, showing a reduction of approximately 11.9%[39] - The company's total equity increased to CNY 3,949,036,648.47 from CNY 3,815,110,443.17, marking a growth of 3.5%[44] Shareholder Information - The number of shareholders reached 16,380 at the end of the reporting period[12] - The largest shareholder, Lin Jianhua, holds 21.30% of the shares, totaling 85,638,000 shares[12] Investment and Expansion - The company established a wholly-owned subsidiary in Thailand with an investment of 5 million USD to develop, produce, and sell photovoltaic packaging materials[18] - The company completed the construction of the "1.8 billion square meters EVA solar cell film production project," achieving the production capacity target[18] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[49] Expenses - Sales expenses increased by 5.81 million yuan, a growth of 68.41%, due to expanded sales specifications and increased logistics costs[16] - Management expenses increased by 12.72 million yuan, a growth of 35.55%, mainly due to increased R&D investment[16] - The company reported a total operating cost of CNY 730,875,745.73, which is an increase of 16.7% from CNY 625,850,415.75 in the previous year[45] Share Repurchase and Commitments - The company plans to implement stock repurchase measures to stabilize its stock price, with a commitment to repurchase at least 2% of its total shares within 90 days[32] - The company has committed to not transferring shares to any third party engaged in similar or competitive business for a period of 36 months post-IPO[24] - If the company’s prospectus contains false statements or omissions, it will formulate a share repurchase plan within five working days after regulatory recognition[27] - The company will compensate investors for losses incurred due to misleading information in the prospectus[27] - The company will disclose the reasons for any failure to fulfill commitments on designated media within five working days after regulatory recognition of false statements[30]